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Transactions

December 30, 2023 6 mins

How Does the Session (Majlis) of a Sale Change?

Answered by Ustadh Sufyan Qufi Question I am Hanafi and a student of fiqh. We studied “khiyar majlis” (the option to cancel during a session) in sales. How does a session (majlis) change? In Hanafi fiqh, the session (majlis) changes by changing the topic of discussion or by eating two bites. Many rulings, like the […]
December 29, 2023 2 mins

Is a Loan in Which the Loan Giver or Taker Receives Profit Allowed?

Answered by Mawlana Ilyas Patel Question I’ve been frustrated to see different apps lending people money with interest (riba) and destroying their lives. As a developer, I see myself who can overcome this. My question is, is it halal if the person who’s investing in my app or giving a loan is directly giving it […]
December 17, 2023 3 mins

What is the Ruling of Developing a Supporting Application for a Bank?

Answered by Mawlana Ilyas Patel Question Assalamu Alaikum,  I am an employee of X. I am developing and supporting the applications created by companies X and Y. The application’s name is Fenergo which is an enterprise Client life cycle management. This application is sold to investment company Z usually banks, and I do simple customizing […]
December 16, 2023 3 mins

Can an Unequally Gifted Property Be Returned?

Answered by Mawlana Ilyas Patel Question My mum’s mother is asking for the house she gifted my mother back after 21 years. We sold the house one year ago, and she is now asking. She doesn’t know we have sold the property yet. So should we give some of the money we received by selling […]