Money

Respected Ulama   4 brothers inherited a house. Years later, 3 of the brothers are in need of finance for their respective business, so they want to bond the house. The fourth brother objects.   Can the 3 brothers go ahead without his permission?   Read More »

Respected Ulama   A person has a business and is in need of a loan. A friend agrees to lend R50 000, but the friend says he wants a share of his sales ie. he will invest in his business, but he must be paid R65000. If he repays him back R65000 , he will lend him the money. Is ... Read More »

Assalamu Alaikum Hope you are well Inshallah. I require assistance regarding the below: I work for an Investment company that is not Shariah compliant. The company now allows for the staff to purchase shares in the company and receive a dividend as a result of the profits earned. I enquired what the dividends are made up of and was told ... Read More »

Aslm Please could Moulana assist in working out the following: The deceased father leaves behind a house that is then sold for 1 million rands. How will this amount be distributed to the heirs, comprising of  the mother, two sons, and one daughter. Jazakallah Assalaamu alaykum   Each son will get R350,000 The daughter will get R175,000 The mother will ... Read More »

A woman (Ayesha) passed away. She has 3 daughters. ‎1 daughter has 2 sons. 1 daughter has 3 sons and 1 daughter. One of ayeshas’s daughters is deceased, and that daughter has 1 son and 1 daughter. (ie ayesha has 6 grand sons and 2 grand daughters. ) Ayesha has 4 brothers and 2 sisters. How will inheritance be distributed? ... Read More »