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Deferring Receipt Of Currency
In a transaction of currency it is unlawful to defer the receipt of the currency exchanged regardless of whether there is a condition to that...
In a transaction of currency it is unlawful to defer the receipt of the currency exchanged regardless of whether there is a condition to that...
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...
Transferring 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...
Deferred Payments For Platinum
It is permissible to deal in platinum on the basis of deferred payments as it is not the same as gold or silver and the conditions applying to...
It is permissible to deal in platinum on the basis of deferred payments as it is not the same as gold or silver and the conditions applying to...
Yes, it is permissible to sell precious metals and stones other than gold or silver on deferred payment.
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...
Delayed Delivery Of Gold Or Silver
It is not lawful to buy and sell gold, silver or currency for one another unless possession is taken immediately.
It is not lawful to buy and sell gold, silver or currency for one another unless possession is taken immediately.
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