Tag Archives: business

1. The price of the sale item must be mutually agreed upon at the time of the sale.…

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

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. One should recite the following Duaa when entering the marketplace.

بِسْمِ الله اَللَّهُمَّ إِنِّي أَسْأَلُكَ خَيْرَ هَذِه السُّوق وَخيْرَ مَا فِيْهَا وَأَعُوْذُ بِكَ مِنْ شَرِّهَا وَشَرِّ مَا فِيْهَا اَللَّهُمَّ إِنِّي أَعُوْذُ بِكَ أَنْ أُصِيْبَ فِيْهَا يَمِيْنًا فَاجِرَةً أَوْ صَفْقَةً ​خَاسِرَةً

In the name of Allah.…

1. Rasulullah (Sallallahu Alayhi Wasallam) had taught the Sahaabah (Radhiyallahu Anhum) to recite ten verses of the Qur’an when returning from the marketplace.…

1. One should learn the masaa’il that relate to his profession or business from the ulama in order to earn halaal and save himself from haraam.…

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

1. One should not sell haraam products e.g. pork, carrion, wine, etc.
2. One should exercise moderation in earning a livelihood.…