Jun
02
2010
0

Selling at a profit or at cost

1. I purchased an item for R1. I have the right to sell this item for R1, R10, R20, R50 or at any other price. There is no sin in this. However, if the transaction was settled in a way that the buyer says  :    ”Make a profit of 10c on the item and sell it to me”, and you say  :    ”Okay, I will sell it to you after making a profit of 10c on it”, then in such a case it is not permissible for you to make a profit of more than 10c on that item. Alternatively, the buyer says  :   ”For whatever price you purchased it, add 40c profit to it and sell it to me.” Even in such a case, it will be wajib on you to quote the correct price and it will be harâm to make more than 40c profit. Similarly, if you tell the buyer  :    ”I will sell this to you at cost and I won’t make any profit from you”, it will not be permissible to make any profit. It will be wâjib to quote the cost price.

Written by Maulana Ashraf Ali Thanwi in: Economics,Part 5-Principles of Business | Tags: , , , , , ,
Oct
27
2009
0

Hadith Number Ten

Hazrat Jaabir R.A. reports that Rasulullah Sal’am said: “A Hajji never becomes poor and destitute.”

By the way of further elucidation, we quote another Hadith. Rasulullah Sal’am said: “performing Hajj and Umrah many time drives away poverty.” In another Hadith it is stated that: “Continuous Hajj and Umrah prevents a Muslim from leaving this life with a bad ending, and keeps away poverty.”

In one Hadith it is mentioned: “Perform Hajj and become rich, travel and become healthy.” In other words, change the air, places and weather, often bring about better health. This has been experienced time and again.

Oct
16
2009
1

Hadith Number Two

Hazrat Abu Huraira R.A. reports that Rasulullah Salallaho Alaihi Wassallam) said: “Verily there shall be no reward for a righteous pilgrimage except Jannat”.

According to some ulama a “Mabroor Hajj” (a righteous Hajj) is such a pilgrimage during which no evil deed is committed. For this reason they speak of Hajj-e-Mabroor as a Maqbool Hajj (an accepted Hajj). By this they mean such a Hajj wherein the Hajee took note of each and every one of the Aadaab and Shuroot of Hajj while at the same time avoiding all faults.

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