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Launching the General Iftaa Department's Channel on Whatsapp
Author : The General Iftaa` Department
Date Added : 27-11-2023

Launching the General Iftaa Department's Channel on Whatsapp

 

The General Iftaa` Department launched its channel on the Whatsapp social communication application, providing citizens with the opportunity to follow fatwas, Iftaa` Council`s Resolutions, and videos issued by the Department.

The launching of this service comes with the aim of sharing the religious views of the General Iftaa` Department on issues concerning daily life situations. It seeks to promote awareness, guidance, correct any misconceptions, and enhance the content published through this application to convey the true message of Islam— moderate and balanced — to the citizens.

 

For those interested in subscribing, they can follow the channel through the link:

https://www.whatsapp.com/channel/0029VaASjmD1t90WaPSXtq1m

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Summarized Fatawaa

I have 490 shares in a commercial company, and they have been held for a year. The price of each share is one dinar, noting that the shares are at a loss. I want to know the amount of zakat due on them?
 
 
 
 
 

Commercial shares are subject to zakat based on their current market value, even if they are at a loss. The zakat rate is 2.5%. And Allah Knows Best.

Someone asked me to pay off his debt on his behalf as a loan, without any compensation. When I went to the creditor, he told me that if I paid the full amount at once, rather than in installments, he would give me a certain discount. Is this permissible? And if he applies the discount, to whom does the deducted amount belong?

If part of the debt is paid and the creditor forgives the remaining amount, the waiver is valid, and the remaining debt is no longer the responsibility of the original debtor. The person who paid the debt on behalf of another has no right to claim any portion of the original debt. And Allah Knows Best.

There is a car dealership, and their method of selling is as follows: The customer pays the full price of the car, the car is registered in their name, and another contract is written in which the company commits to refunding the full price of the car to the customer after one year from the purchase date. What is the Islamic ruling on this transaction?

As for purchasing the car, paying its price, and owning it, this is a valid sale with no issue. However, the condition of refunding the price — whether the car is returned to the seller or not — is an invalid condition that nullifies the entire contract. Therefore, this transaction is invalid and not permissible. And Allah Knows Best.

Is Zakah (obligatory charity) obligatory on indebted merchant?

Debt doesn`t abrogate the dueness of Zakah, thus a debtor who has money, articles of merchandise, or other Zakah funds at his disposal should pay their Zakah.

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