Trade

Q: Is drop shipping permissible in shariah? i.e. a person advertising an item, taking payment for it from a customer, and then informing the supplier to deliver the item directly to the customer?

Q: The matter is that I have bought a bike. The original price of the bike is almost 40,000 rupees. But I have bought this bike on installments. So, I have paid 24,000 rupees in advance to owner of the shop and remaining 24,000 rupees I have to pay in installments of 8 months with monthly amount of installment is 3000. So, basic thing I want to ask Is this thing came into the radar of Interest according to teachings of Islam or not? I am looking forward for your detailed answer anxiously with complete proof according to teachings of Islam. I shall be very thankful to you.

Q: I would like to know the masala regarding the selling of a television. One no longer has the use of a TV and wishes to sell it. Please advise as to which avenues that wealth could be spent in e.g. sadaqah etc?

Q: 

1. Is it permissible to extend a maintenance plan or motor plan?

2. Is it permissible to extend the service plan of a vehicle?

Q: A person comes to my shop with a traveller's cheque (a traveller's cheque is considered as cash because it is bought in lieu of cash) worth R5000 and he buys items worth 1000 and I take that check and give him 4000 back. Will this transaction be jaaiz?

Q: Is it permissible for a person to purchase a package while not having full knowledge of its contents? Also, there won't be any future disputes since both parties are happy with the sale. For e.g. The company "Tupperware" usually holds a sale once a year where you purchase a 'tupperware package', not knowing the exact quantity or type of tupperwares inside it, but the case is such that whatever you get will definitely satisfy you and turn out cheaper than the normal market value. Hence there is no question of disputes thereafter. Is such a sale permissible?

Q: I want to ask a question. I am living in Spain and there are many shops many of which belong to Muslims which sell wine, alcohol and pig. How do you view this? I ask them why you sell these things. They say if we don't sell this, then nobody will enter our shop. I want to know what type of income is this halaal or haraam.

Q: Is it permissible to purchase an extended warranty at the time of purchasing the item (in such a manner that the fee for the warranty will be regarded to be part of the purchase price of the item)?

Q: Is it permissible to sell a uct which claims unrealistic benefits e.g. If you rub this oil on your hands, you will get rich?

Q: I wish to sell items via an online platform, BidorBuy. Buyers make payment directly to Bidorbuy. They then make the funds available to the Seller for payout. Bidorbuy takes a 1.5% cut of the sale as a commission. As a Seller, I am allowed to choose which payment methods I can make available for potential Buyers. Please advise on their permissibility (questions 1 - 6):

1. BobPay EFT BobPay EFT is available to Sellers provided they can receive payout requests into a South African bank account. Bidorbuy receives the EFT transfer from the Buyer and the Bidorbuy account of the Seller is then credited with this amount, minus the bank fees charged by Bidorbuy (currently set at 5% per transaction).

2. BobBucks BobBucks are Bidorbuy vouchers. Buyers are able to purchase items using BobBucks from Sellers who offer BobPay EFT. As far as Sellers are concerned, the BobBucks voucher credit will be treated in the same way as a BobPay EFT. The funds are credited to the Sellers' Bidorbuy account and they may request a payout. BobBucks will automatically be offered alongside BobPay EFT as a payment option. If Buyers purchase items valued at more than the BobBucks voucher, they will need to pay a top-up payment using other payment methods. If they purchase items valued at less than the BobBucks voucher, the 'change' will remain in their BobBucks account for them to use the next time they choose to.

3. BobPay Credit Card The BobPay Credit Card payment system allows Sellers to accept credit card payments from Buyers. Bidorbuy receives the credit card payment and the Bidorbuy account of the Seller is then credited with this amount, minus the bank fees charged by Bidorbuy (currently set at 5% per transaction). Sellers should note the risk of charge backs. The Seller ultimately takes the risk for reversal of the transaction in case the credit card was used fraudulently (a charge back can take place up to 180 days after the transaction).

4. Discovery Miles Buyers with Discovery Miles (which they earn with their Discovery Credit card) can shop on Bidorbuy and pay for items from Sellers that accept Discovery Miles.

5. PayLater PayLater facilitates loans up to R8000 through a third party registered credit provider. PayLater is only available to selected Sellers with a good track record on Bidorbuy. As soon as the Buyer's loan is approved, the funds will be matched to the relevant order in the Seller's Bidorbuy account.

6. Escrow service This involves using a trusted agent who keeps the money until the Buyer signals that the payment may be released to the Seller. Should there be any dispute, then the escrow company intervenes returning the money to the Buyer after the goods have been returned to the Seller, if applicable. This method is rather costly for Sellers and is occasionally used for high value transactions.

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7. As a Seller, I have to request a payout of the money in my Bidorbuy account. May I withdraw money in this manner, it is the only option:

Payout Requests

In order to withdraw funds that Bidorbuy is holding in your Bidorbuy account, you are required to make a payout request from the Bidorbuy website. Users have 1 free payout in a calendar month, regardless of the amount requsted. Thereafter a R5.00 BobPay transfer fee will be charged for any payout amount under R3,000.00. For amounts over R3,000.00, no BobPay transfer fee will be charged. If a user has used their 1 free payout and requests another payout below R3,000.00, the R5.00 BobPay transfer fee will be charged. If a user has R5.00 in their account, the system will not process the payment if a BobPay transfer fee is applicable.

A user can also not request less than R5.00 as a payout.