Answered by Shaykh Muhammad Carr Question Is there a limit on the amount of profit a reseller is permitted to charge when selling a product they have purchased? Answer In the Name of Allah, the Most Merciful and Compassionate. You may factor your appraisal costs and profit margin into the price. Generally, a sale is […]

Answered by Shaykh Muhammad Carr Question Is it permissible to participate in a marketing business that follows a network marketing structure, where participants earn income through direct and indirect referrals, team bonuses, travel commissions, and residual income generated from team growth? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you […]

Answered by Shaykh Muhammad Carr Question Suppose a seller agrees to pay a “commission fee” to negotiators who promise to raise a buyer’s offer for his company from below-market value to a fairer price. Would such a payment be considered a bribe? If so, would the profit from the sale be considered haram, and would it […]

Answered by Shaykh Muhammad Carr Question The ULIP Structure A Unit-Linked Insurance Plan (ULIP) consists of two components: Insurance: A fixed, non-refundable mortality charge is deducted from the investment to provide life insurance coverage. Investment: Funds are invested in a portfolio composed exclusively of Shari‘a-compliant stocks and companies. Are such ULIPs permissible (Halal) under Shari‘a? The primary […]