Unlike a personal loan, which is typically taken in need and used immediately, business loans are often taken with the express intent of profiting therefrom. Often, a business may choose to go in ...
Today I rode a rickshaw. After reaching my destination, I asked the driver how much the fair was. He asked for an impossible fare and wanted extra money for "the waiting"(which was still too high). I ...
Can a muslim sell things that are required only by non-muslims ? A very good example I can give is that of a book vendor whose customers demand for say a Bible or Gita. Can a Muslim sell such ...
Nowadays, a lot of people are involved in Multi Level Marketing (MLM). In MLM Business have sponsor and recruiter. When sponsor recruit some people under him, The recruiter/new joiner will pay some ...
Is real estate business allowed in Islam? I live in the US and most buyers within the US buy a property with a mortgage loan, and I know anything to do with interest is not allowed. The only reason ...
Let's imagine this as follows: A is in need of $10,000 cash urgently and finds no lender. He owns a house, which he had rented out to someone for $500 a month. A, driven by the need of cash wants ...