Trade

Selling a property and holding back the property while receiving the rentals until full payment is made

2 years ago By user2

Q: Please advise on the following:

I have a share in a property I'd like to sell privately. The buyer wants a few months to pay.

Can we do the sale as a cash sale rather than credit, and I allow him time to pay, but till he pays the entire amount I hold the ownership of the property and receive the rentals. When the final amount has been paid in full, the property transfers into the buyers ownership and he receives rental.

In essence, for safety reasons and to receive the rental in the interim, will this be permissible, rather than doing a credit transaction where the ownership would transfer immediately and I would have a doubt regarding payment later.

Buying properties in the metaverse

2 years ago By user2

Q: A new virtual world like the real world has been created and I think it's called metaverse. On the virtual earth, we are allowed to buy properties and plots of lands or famous landmarks around the world. We can even buy Makkah and Madina. Thus we will be the owner of those places in the virtual world. You can sell it later at higher prices.

Are we allowed to do such purchase properties that are virtual, non-tangible with real money?

Purchasing a plot for development where the exact location of the plot is not demarcated

2 years ago By user2

Q: Can a plot be purchased in a newly developing area where the exact physical location of the plot cannot be determined? They showed the plot on a map and the roads, other plots adjacent to the said plot, roads and park etc. in proximity to the said plot. They showed us that the area of the said plot and told us that your plot cannot be located now as the demarcation of the plots is not yet done. Is this sale and purchase valid?

Dropshipping

3 years ago By user

Q: Is drop shipping halaal? I intend to sell clothes online via a supplier. The stock resides with the supplier. I will link my online clothing store with the supplier. The client chooses from my brochure and makes payment, then the item will be shipped via courier to the client. Is this permissible?

Working for FLP

3 years ago By user2

Q: I want to know if it is halaal to work in a network marketing company especially in FLP company America.

This is a brief overview of how the company works:

After free registration under sponsorship of a person who I join through his ID, the company is giving us their products (aloevera contained-health products) with some discount to sell them to the general public.

We have to then pass different levels in order to achieve different status in the company

1) We have to buy at least 5000 products and sell them. To achieve the level in which we can add/join some other person under ourselves (under our sponsorship) to do the same business. After achieving this, we become "business owner".

2) We have to sell/recommend the product of cost 33000 to acheive 2cc (cc=case credit), which is common currency of this company all over the world). In this case, we become "assistant supervisor".

Likewise, the more CCs we achieve, the different levels we reach and the higher salaries we earn.

3) Here we receive bonus/passive income from our downlines (the people who joined me or the person who joined them, and carrying on further down the chain) as well. We receive some special percentage of amount from their (downlines) work as well. This earning is called  "bonus or passive income" here.

However, the bonus amount/passive income is subject to a condition that we must fulfil, that we have to generate a special number of CCs (case credits) by ourselves actively, then only we can receive our passive income otherwise we will be denied any passive/bonus income.

Please advise on the permissibility of above.

Designing a structure for a church and selling grapes to someone who will use it to make wine

3 years ago By user2

Q:

1. Is it permissible for an engineer to design the structure (i.e. steel in beams, columns, etc.) of a building which the owners will use for producing alcohol?

2. Is it permissible for an engineer to design the structure of a church?

3. Is it permissible to sell grapes to someone who will use it for making wine?

Investing in Kruger coins through FNB

3 years ago By user2

Q: FNB offer a service where one can invest in Kruger Rand gold coins through them. They then store it for you at a fee of 0.86%pa.

-If one wants to sell the coin back to them, its done at the click of a button.
-If one wants the physical coin, they can arrange for it to be delivered to you at a cost.
-Prior to requesting the coin, I'm not sure if they keep the physical coin or not.

Please advise if it will be permissible to purchase a coin through them in this manner.

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