Commercial Transactions

Commercial Transactions

Commercial transaction is the exchange of property or benefit in the form of trade which is permissible as long as it happens in a certain frame. It’s preferred to have witnesses especially in large deals.

Hire

Hire

Hiring process in Islam is a process of assigning somebody to do specific tasks for a specific period of time. It is a method described in Quraan and Sunnah and it's mandatory to pay the employees their wages on time.

Borrowing

Borrowing

Borrowing is using a non-consumable item that doesn't belong to oneself and returning it intact after an agreed amount of time by the owner. Only the owner can lend his things and to be used in a lawful purpose

Endowment

Endowment

Endowment means dedicating something that can give benefit, while retaining ownership of it, in order to gain reward from Allah. This means that the principal is retained, but the yield is given freely

Child custody

Child custody

Islamic law puts certain rulings of custody. A child is in the custody of parents, providing their marriage remains in force. If they are divorced, custody is given to either of them, who quality, but women are given priority.

When custody is over

When custody is over

This article focuses on the decision to be taken when the term of custody of a child is over. An agreement should be reached with the approval of the child’s father or custodian, if not then the child is given the choice of either parent.

Maintenance

Maintenance

Nafaqah is to provide for whomever one supports, Islam states that a wife is entitled to full nafaqah by her husband but with certain conditions such as validity of marriage and fulfilling marital deities by the wife.

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