Buying and selling – Seekers Provision

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Buying and selling

Repayment of a Loan in a Different Currency

February 5, 2024

Question: Is it permissible to loan UAE dirhams with repayment of the loan in GB pounds? Answer بسم الله الرحمن الرحیم A loan requires that the agreement must be to repay the exact amount borrowed and in the very denomination borrowed.[1] Any agreement contrary to this in invalid and impermissible. If there is a need...Read More

Buying and selling, Fiqh

Can discount vouchers be sold

September 11, 2022

by SeekersProvision

Question: I was given a discount voucher free of charge after making a purchase at a certain store. The voucher that I was given was for a wine store allowing me to claim a £75 discount. As I will not be using that voucher, can I sell it on? Answer بسم الله الرحمن الرحیم...Read More

Buying and selling, Fiqh

Can a business partner reinvest the profits?

August 14, 2022

by SeekersProvision

CAN A BUSINESS PARTNER REINVEST THE PROFITS? Question: A few months ago, I entered a partnership with a friend to buy a specific piece of land which would be sold once the price was right. He arranged for 75% of the capital, and I arranged for the remaining 25%. After the land was sold, we...Read More

Buying and selling, Fiqh

Unlawful Meat For Pets

January 9, 2022

by SeekersProvision

Question: Is it permissible to buy meat which has not been slaughtered Islamically for pets? Answer بسم الله الرحمن الرحیم There are two points which need to be considered: firstly, whether it is permissible to feed animals unlawful meat or not; and secondly, whether it permissible to purchase unlawful meat to feed animals. As for the first...Read More

Buying and selling, Fiqh, Food and drink

Meat, Pets

Repayment of a Loan in a Different Currency

Can discount vouchers be sold

Can a business partner reinvest the profits?

Unlawful Meat For Pets

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