Dear scholars, As-Salamu `alaykum. There is a business which is related to agriculture in Pakistan and I want to know whether investing in this type of business is halal or not. When a grower prepares for his crop, he doesn't buy seeds with cash, but rather makes the payment after his crop is sold. The seller sells the seeds at higher rates than the market—up to twice the price—since he has to wait for the payment for at least 6 months. Is this allowed? Jazakum Allah khayran.
I have heard that dealing in foreign currency is halal. The question is about a more specific action in this deal. Where we have two actions: 1- Long Deal: Where you buy now and sell later ($ against a major currency). 2- Short Deal: Where you sell now and buy later.The first one is clear, where you buy s omething and sell later on, but the 2nd one you sell what you don’t' own, so what is the Fatwa about this.
As-salamu `alaykum. Due to privatization of certain firms, the shares of these firms are offered to the public for buying at a fixed rate. The public then sends in requests to the company to purchase these shares as they are speculated to sell at a higher price once they are listed on the stock market. Since the number of requests made far exceeds the shares offered, balloting takes place and the successful and lucky are offered the shares. Once the shares are issued, they are sold at a higher rate at the stock market. Is it permissible to take part in these public offerings of shares?
As-salamu `alaykum. In my city there are certain areas where the basic infrastructure such as roads, drainage, etc. have not been developed but the development authorities have laid out plans on paper for location of residential plots and are selling them. Is it permissible to buy and sell these plots?
As-salamu `alaykum,What are the allowable forms of money according to the guidance of the Qur'an and the teachings the Messenger of Allah (peace and blessings be upon him)?Are central banks permissible? If money is allowed to be only in the forms allowed by Almighty Allah and His Messenger, will a central bank be necessary?It is money that determines the types of economies and economic structures a nation and the world may have. We now have the central bank, which loans money to the governments. This is why we are indebted. Every currency in the economy comes either from the governments owing money to the central bank or from private citizens owing money to the neighborhood bank.Money in the system comes either from a printing press or from a computer keyboard. That is why we have inflation: There is too much money in the system, and thus the prices rise because the sellers of merchandise see all the excess money and they increase prices in order that they may have some of it.The fundamental point is that the money is added to what is already there, and it is lent with interest, which leads to the necessity to print or type more money. The Islamic system of money is what I am asking about. And if you would grant me the barakah, what are the nuts and bolts of the Islamic system of money and economics?May Allah confer His mercy upon you! Jazakum Allahukhayran.
As-salamu `alaykum. Could you please furnish me with a detailed fatwa regarding the stock market and its modern applications. I have heard that there are many decisions taken by the Islamic Fiqh Academy affiliated to the OIC. Could you please give me the decisions they have taken on this. Your comments and any new contribution are also appreciated. Jazakum Allah khayran.