Category: Fiqh

Fiqh

Islamic Ruling on Profit sharing in partnership Business

Post author By Islam Our Deen
Post date September 2, 2020
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Assalamu’alaikum warahmatullahi wabarakatuh, IN THE NAME OF ALLAH, THE MOST BENEFICENT, THE MOST MERCIFUL This partnership is known to the scholars as a mudaarabah partnership (limited or silent partnership), which is where one person gives his money to another to do business with it, and the profit is shared between them according to whatever agreement […]

Fiqh

Deciding on profit shares in a joint venture

Post author By Islam Our Deen
Post date September 2, 2020
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Decorative round ornament. Ceramic tile pattern. White background with art frame. Islamic, indian, arabic motifs. Porcelain pattern design. Abstract floral ornament border. Vector stock illustration

Assalamu’alaikum warahmatullahi wabarakatuh, IN THE NAME OF ALLAH, THE MOST BENEFICENT, THE MOST MERCIFUL The scholars (may Allah have mercy on them) differed concerning how the profit is to be shared: should it be commensurate with each partner’s contribution to the capital, as in the case of loss, or should it be according to what […]

Fiqh

Ruling on drinking alcohol for medicinal purposes

Post author By Islam Our Deen
Post date August 31, 2020
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Assalamu’alaikum warahmatullahi wabarakatuh, IN THE NAME OF ALLAH, THE MOST BENEFICENT, THE MOST MERCIFUL Medical treatment is something that is prescribed in sharee’ah, but it must be by using things that have been prescribed by Allaah, may He be glorified and exalted, and by His Messenger (peace and blessings of Allaah be upon him), because […]