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Transactions

March 26, 2024 3 mins

Do I Need To Write a Contract if I Lend Someone Money?

Answered by Shaykh Dr. Bassem Itani  Question Do I need to write a contract if I lend someone money? Answer In the Name of Allah, Most Compassionate and Most Merciful The Importance of Documenting Debt Documenting debt in a written contract with witnesses is recommended (mandub), and there is no sin in not writing such […]
March 25, 2024 1 min

What Are Some Ethical Guidelines in Transactions?

Answered by Shaykh Faraz Rabbani What Are Some Ethical Guidelines in Transactions? In this video answer, Shaykh Faraz discusses three important principles we are guided by in financial transactions. Shaykh Faraz Rabbani, a distinguished scholar in the Islamic sciences, is the Founder and Executive Director of SeekersGuidance. He studied under renowned scholars globally for ten […]
March 20, 2024 2 mins

Can Sadaqa al-Fitr Be Paid On Behalf of Other Mature Children?

Answered by Mawlana Ilyas Patel Question Can a parent pay Sadaqa al-Fitr for a child who is a teenager and has some wealth, or does the zakat have to come from the child’s wealth? Answer In the Name of Allah, the Most Merciful and Compassionate I pray you are in good faith and health. If […]
March 16, 2024 1 min

How Do I Pay Back the Price of Public Property That May Not Have Been Free to Ta...

Answered by Shaykh Faraz Rabbani Question How do I pay back the price of public property that may not have been free to take? What is the appropriate course of action for reimbursing the cost of public property that may have been taken without proper authorization? It’s essential to address this situation responsibly.   Shaykh […]