Tag Archives: business

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.…

1. Once the sale is concluded, the purchaser and seller do not have the right to cancel the sale.…

1. A business transaction should be concluded with mutual consent. No party should be forced to carry out the transaction.…

1. It is not permissible for one to get involved in interest bearing transactions. The giving and taking of interest are both haraam in Islam.…

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.…

One should recite the following Duaa when entering the marketplace.

لَا إِلَه إِلَّا الله وَحده لَا شريك لَهُ لَهُ الْملك وَله الْحَمد يحيي وَيُمِيت وَهُوَ حَيّ لَا يَمُوت بِيَدِهِ الْخَيْر وَهُوَ على كل شَيْء قدير

There is no deity besides Allah Ta’ala alone, who has no partner.…

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.…