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Commissions On Transfers To Foreign Banks
It is permissible for the bank to deduct a certain percentage as commission for actual and direct services it performs for its client, in this case...
It is permissible for the bank to deduct a certain percentage as commission for actual and direct services it performs for its client, in this case...
Exchange of Deposits
The legal maxim mentioned does not apply to an exchange of deposits as no profit is realized from a loan per se; rather the same amount borrowed is...
The legal maxim mentioned does not apply to an exchange of deposits as no profit is realized from a loan per se; rather the same amount borrowed is...
Trading In Currencies
The Shariah permits the borrowing of amounts from the bank at no interest for the purpose of trading in currencies if the borrower is free to...
The Shariah permits the borrowing of amounts from the bank at no interest for the purpose of trading in currencies if the borrower is free to...
Buying Gold From Bank And Selling It To Clients
Since the sale of gold by the bank to clients takes place after its purchase and the deposit of its price in the seller's account, the sale is...
Since the sale of gold by the bank to clients takes place after its purchase and the deposit of its price in the seller's account, the sale is...
Stones Set In Gold Jewellery
It is lawful to purchase precious stones set in gold on the condition that there be compliance for the amount of gold present in the jewellery with...
It is lawful to purchase precious stones set in gold on the condition that there be compliance for the amount of gold present in the jewellery with...
Promise To Purchase Metals
The sale of precious metals in the international market is termed a sale of a non-existent because the object of the sale is not present. If the...
The sale of precious metals in the international market is termed a sale of a non-existent because the object of the sale is not present. If the...
Methods Of Trading In Gold
Trade in gold is in and of itself lawful and it is imperative that execution be at spot. The purchase, receipt and storage of gold when prices are...
Trade in gold is in and of itself lawful and it is imperative that execution be at spot. The purchase, receipt and storage of gold when prices are...
International Trade In Gold
Gold is purchased and the full price is paid and it is stored in the treasury of the correspondent bank in the Islamic bank's name. The bank then...
Gold is purchased and the full price is paid and it is stored in the treasury of the correspondent bank in the Islamic bank's name. The bank then...
Guaranteeing Gold
Such a deal is permissible because it includes the loan of gold and trading in it while it is the property of the seller-borrower and then a...
Such a deal is permissible because it includes the loan of gold and trading in it while it is the property of the seller-borrower and then a...
Standard Transactions On Gold Market
It is permissible to trade gold for paper currency in the international market as long as the transaction takes place in accordance with the rules...
It is permissible to trade gold for paper currency in the international market as long as the transaction takes place in accordance with the rules...
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