Mufti Taqi Usmani
Q.) My sheikh, Nuh
Keller, has said, "If you want to know what your sheikh says about
an economics issue, he says whatever Mufti Taqi Usmani says." So,
I would like to know what Mufti Taqi Usmani (may Allah preserve
him) says about Internet transactions. I have not found any
discussion by him regarding such transactions, which are an
extremely pressing issue in today's world. Are such transactions
halal? There is no majlis. There is high risk of being cheated.
Are there other concerns which may jeopardize the validity of such
transactions? [Mostafa Azzam. Amman, Jordan.]
Buying and selling through Internet is not impermissible in
itself. However, all the basic conditions for a valid sale must be
present. Therefore, one cannot sell what he does not own and
possess. If you have purchased some shares or any commodity
through the Internet you cannot sell it unless you have taken its
delivery in a manner that its risk has been transferred to you.
After you have taken delivery you can sell it at any price you
agree with your purchaser even though it is through the Internet.
Article taken (with Thanks) from Albalagh.net
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