Trade

Buyer claiming that the sale was a credit sale

Q: Mohammed proposed to sell his share of a commercial property to Abdul Kader for R1 250 000. The seller didn't mention that it is cash (expecting immediate payment). The buyer didn't pay for the property immediately and one year has elapsed. The terms of payment have never been agreed upon. The buyer and seller didn't agree on how many months the buyer has to pay. Can the buyer claim that he has unlimited time to pay as we didn't mention "cash" at the time of sale? Is the seller entitled to rentals for the passed year? Is the seller still regarded as the owner of the property?

Dealing in gold

Q: I have one question regarding earnings. Is it halaal or haram. There is one company doing gold trading. If I open an account I will pay them some amount and they will open a gold account for me. Gold rates are linked with the real gold rates which are current internationally. When I buy gold from my money, I buy a lot of gold and then this gold is not physical in real. The gold purchased is from the money and if I want to sell that gold, I can get my money back (not the gold) to my account. It could be profit or loss.

Collectors item R2 coin

Q: I have a R2 union buildings coin. They say that it was minted to celebrate the 100th anniversary of the union buildings. After much research to verify this, I came to the conclusion that it is worth R2000. Can I sell it for R2000?

Buying kitaabs online

Q:

A) I sent to emails to an islamicbooks website email saying

i) "Id like to order the following books to ** ******** Street ******** *** *** (Postcode). How much will it be with postage?"

ii) "I would like to order the following (these were names of kitabs) 1 ***** ***** 2 ***** ***** 3 **** ******* to this address ** ****************, *****, *******, *** ***, Can you send me the price of each one with total items postage? Jazakallahu khairaa"

B) Unfortunately without telling the price the books were shipped to my house.

C) After receiving the kitabs I have written some stuff in one kitaab.

D) Then (after writing) the price of the kitaabs and postage was told and the money was payed. I am happy with the books and price. Is it wajib for this bay to be cancelled?