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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 …

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Aadaab of Business and Dealings – Part 17

1. One should not sell haraam products e.g. pork, carrion, wine, etc. 2. One should exercise moderation in earning a livelihood. So much of time should not be given to the business that one begins to neglect the rights that he owes to Allah Ta’ala and the rights he owes …

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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 …

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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 …

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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 …

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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 …

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Aadaab of Business and Dealings – Part 11

1. Once the sale is concluded, the purchaser and seller do not have the right to cancel the sale. However, if the customer wishes to return the purchased item and cancel the sale, it is greatly rewarding for the seller to cancel the sale and give him a full refund. …

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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) …

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Aadaab of Business and Dealings – Part 12

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. وَأَحَلَّ اللَّـهُ الْبَيْعَ وَحَرَّمَ الرِّبَا ﴿البقرة: ٢٧٥﴾ And Allah has permitted sale and prohibited riba – interest. الَّذِينَ يَأْكُلُونَ الرِّبَا لَا يَقُومُونَ إِلَّا كَمَا يَقُومُ …

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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 …

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