Answer to a Question: Trading in the (Forex) Market
Trading in the Forex market (foreign exchange market) using a contract for price differences (CFD contract), so that trading and speculation are based on the price movement of the asset, not buying and selling it as usual.
Answer to a Question: E-commerce
This legal ruling clarifies the Shariah perspective on dealing with multi-level marketing (MLM) companies like *DXN*. While direct selling of products is permissible under specific conditions, the network marketing model is prohibited due to the contractual merging of sales and brokerage and the presence of deceptive pricing practices.
Answer to a Question: The Ruling on Online Financial and Commercial Trading
This legal answer clarifies the Sharia rulings on online trading involving commodities, currencies, gold, and stocks. It details the necessity of immediate possession in monetary exchanges and physical possession for commodities, while explaining why trading in joint-stock companies and bonds is strictly prohibited in Islam.
Answer to a Question: The Reality of the Petrodollar Agreement
This report clarifies the reality behind reports regarding the expiration of the 1974 US-Saudi Petrodollar agreement and its impact on the global hegemony of the US dollar. It examines the historical shift from the gold standard to oil-backed currency and analyzes why current efforts by the BRICS bloc have yet to provide a viable alternative to the current international monetary system.
Answer to Question: A Merchant Selling a Commodity He Does Not Own is Haram
This legal response clarifies the Shari’ah ruling on selling commodities that are not yet in the seller’s possession or ownership, declaring such transactions as void and prohibited. It provides extensive evidence from the Prophetic Sunnah and explains how this applies to modern banking, small-scale trading, and import-export businesses.
Answer to a Question Regarding Zakat on Trading Goods (Merchandise)
This response clarifies the methodology for calculating Zakat on trading goods, explaining that the valuation must occur at the end of the lunar year based on current market prices. It also details how profits are accounted for and provides Shari'ah evidence from the Sunnah and the practice of the Sahaba regarding merchandise valuation.
Answer to Question: The Company in Islam is Not a Juristic Person
This legal clarification explains the fundamental difference between the Islamic concept of a company and the Capitalist "juristic person." It details how business assets, trademarks, and debts are handled under Shariah, emphasizing that a company is a contract between individuals rather than an independent legal entity.
Q&A: What is Behind Saudi Arabia's Large Cut in Oil Production?
This analysis explores the motives behind Saudi Arabia's decision to significantly reduce oil production through OPEC+ despite its status as a US agent. It argues that the move is an intervention in internal American politics, aimed at supporting the Republican Party and hurting the Biden administration ahead of the midterm elections.
Answer to a Question: The Major Wave of High Prices in Jordan
This analysis examines the systemic causes behind the severe rise in living costs in Jordan, identifying government neglect and dependency on global capitalist systems as the primary drivers. It argues that while global events like the pandemic and the Ukraine war have an impact, the core issue lies in the abandonment of Islamic economic principles and the state's reliance on the Jewish entity and Western financial institutions.
Answer to Question: Everything Prohibited for People, Its Sale is Prohibited
This legal ruling clarifies the Shari’ah stance on working for companies that trade in products containing alcohol, such as perfumes and cosmetics. It explains the prohibition of sales roles in such industries while detailing the conditions under which administrative positions might be permissible or should be avoided out of piety.
Answer to a Question: The Reality and Causes of the Economic Crisis in Egypt
This analysis examines the deep-seated economic crisis in Egypt, highlighting how the Russia-Ukraine war, the flight of "hot money," and subservience to US interests have destabilized the nation. It argues that the government's recent political concessions and reliance on foreign debt are desperate measures to preserve a failing regime, pointing towards the need for a fundamental systemic change.
Question Answer: The Commercial Asset and How to Deal with It
This answer explains the Islamic perspective on the "Commercial Asset" (*Al-Asl al-Tijari*), distinguishing between physical equipment and intangible goodwill within the context of leasing. It clarifies that while a tenant owns the benefit of the lease during its term, they must return the property to the owner upon its conclusion without demanding compensation for intangible elements.