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Subject : Ruling on the Ju`alah Contract of the Jordanian Company "Smart Solutions for Financial Services"
Fatwa Number : 3752
Date : 12-03-2023
Classified : Current Financial Issues
Fatwa Type : Search Fatawaa

Question :

What is the ruling on the Ju`alah Contract of the Jordanian Company "Smart Solutions for Financial Services", see attached copy?


The Answer :

All perfect praise be to Allah, The Lord of The Worlds. May His peace and blessings be upon our Prophet Muhammad and upon all of his family and companions.

After reviewing the attached copy of the Ju`alah Contract (Conditional payment) of the Jordanian Company "Smart Solutions for Financial Services", it was found out that the above contract doesn`t involve any violations of Sharia. However, the responsibility of the correct application of the conditions of this contract lies on the Company`s management provided that it doesn`t refer the client to any entity that it possesses or owns shares in.

It should also be noted that this Fatwa pertains to the attached contract in specific, so any changes in the terms of the contract render this Fatwa inconsiderable. In addition, the asker is responsible for reading this contract carefully to assert that it is identical to the one for which this Fatwa was issued and pay attention to the financial and legal repercussions involved. And Allah the Almighty knows best.

 

 

 

 






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