Tag Archives: business

December, 2018

  • 11 December

    Aadaab of Business and Dealings – Part 10

    1. If a person has made an offer to purchase and the seller is inclined to concluding the deal, then it is impermissible for anyone else to make an offer over the offer of the purchaser. This has been prohibited in the Hadith. However, if the seller is not inclined …

  • 4 December

    Aadaab of Business and Dealings – Part 9

    1. The price of the sale item must be mutually agreed upon at the time of the sale. 2. When the sale is a credit sale, it is compulsory upon both parties to mutually agree upon the date of payment e.g. 30 days from the day of the sale. If …

November, 2018

  • 27 November

    Aadaab of Business and Dealings – Part 8

    1. When purchasing an item, one should not degrade the item or find fault with it in order to get a discount. Similarly, when selling an item, one should not exaggerate and unduly praise the item in order to get a higher price or to convince the customer to purchase …

  • 20 November

    Aadaab of Business and Dealings – Part 7

    1. In a lease contract or a business transaction, none of the transacting parties should go against the agreement. If both parties agreed upon a certain price and a certain quality or quantity of the sale item, or in a lease contract, both agreed upon leasing the premises for a …

  • 13 November

    Aadaab of Business and Dealings – Part 6

    1. If the debtor is in financial constraints and difficulty, the creditor should not harass him, rather he should take pity on his condition and grant him respite in settling his debts. عن أبي هريرة رضي الله عنه قال: قال رسول الله صلى الله عليه وسلم: من أنظر معسرا، أو …

  • 6 November

    Aadaab of Business and Dealings – Part 5

    1. One should not delay in settling his debts. It is reported in the Hadith that the debtor’s delaying in settling his debts despite him having the means to do so is a form of oppression. عن أبي هريرة رضي الله عنه، يقول: قال رسول الله صلى الله عليه وسلم: …

October, 2018

  • 30 October

    Aadaab of Business and Dealings – Part 4

    1. If the seller, despite knowing about the defect in the goods, conceals it from the purchaser, he will be sinful and will receive the wrath of Allah Ta‘ala and the curse of the angels. عن عقبة بن عامر قال: سمعت رسول الله صلى الله عليه وسلم، يقول: المسلم أخو …

  • 23 October

    Aadaab of Business and Dealings – Part 3

    1. If an item has a defect, the seller should disclose it to the purchaser. It is not permissible for him to conceal the defect. عن أبي هريرة أن رسول الله صلى الله عليه وسلم مر على صبرة طعام فأدخل يده فيها، فنالت أصابعه بللا فقال: ما هذا يا صاحب …

  • 16 October

    Aadaab of Business and Dealings – Part 2

    1. The seller should be truthful to the purchaser and should not deceive him or lie to him regarding the quality of the product, the amount it costed him etc. عن أبي سعيد رضي الله عنه  عن النبي صلى الله عليه و سلم قال التاجر الصدوق الأمين مع النبيين والصديقين …

  • 9 October

    Aadaab of Business and Dealings – Part 1

    1. A business transaction should be concluded with mutual consent. No party should be forced to carry out the transaction. يَا أَيُّهَا الَّذِينَ آمَنُوا لَا تَأْكُلُوا أَمْوَالَكُم بَيْنَكُم بِالْبَاطِلِ إِلَّا أَن تَكُونَ تِجَارَةً عَن تَرَاضٍ مِّنكُمْ  (النساء : ٢٩) O you who believe, do not consume one another’s wealth unjustly except through (lawful) …