business

Dropshipping: the Halal and Shariah compliant way

By Mufti Faraz Adam and Suleman Muhammad Ali, Head of Products Muzn Islamic Bank A lot has been written on dropshipping and the Shariah concerns about it. Yet, there is still confusion and a lack of clarity on dropshipping. This article seeks to propose a valid Shariah interpretation and the Halal way to perform dropshipping […]
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How are raw materials, goods in progress and finished goods valued for Zakat?

Question: How are raw materials, inventory and finished goods valued for Zakat? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer:1. Raw material – for Zakat purposes, will consider its current value (usually difficult to determine, so may use cost price alternatively) 2. Work in progress – for […]
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