International trade and other sales : custom duty and Shari’ah screening

السؤال

As-Salam Alaykum Wa Rahmatullah Wa Barakatuh Respected Sheikh We hope you and your family are fine with the blessing from Allah SWT. Dear Sheikh, now a day we are in process of exporting some goods to Africa and there African port Authority charge around 15 % of the total value of the good as custom duty. Now to save this duty generally companies make two invoices one for the customer with the correct value and one for the port authority with around only 30 % of the total value. This is a general practice and most of the businesses are doing the same thing. In this regard we request you to please guide us whether doing so is allowed in Shari’ah or not. Second, in the contract of our offshore investment company there are some clauses regarding some permissible ratios of assets I. e. 1. Companies whose ratios of debt to total assets exceed the permissible ratio percentage under Shari’ah principles, where applicable. 2. Companies whose liquid assets to illiquid assets exceed the permissible percentage under Shari’ah principle, where applicable. 3. Companies whose cash and cash equivalent assets to total assets exceed the permissible percentage under Shari’ah principles, where applicable. We don't know about these permissible ratios so please advise us what are these permissible ratios ? With thanks and regards, Suhail

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2009-05-24

التخصصات الرئيسية

الاقتصاد و التجارة
العلوم المالية و المحاسبية
الأديان
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• أصول الفقه الإسلامي
• البيوع
• الأسواق
• التدقيق الداخلي للحسابات
• الاستثمارات
• التجارة الدولية
• التعرفة الجمركية
• السيولة(اقتصاد)
• أصحاب الأعمال
• أصحاب الأسهم
• الشركات
• التحليل النسبي

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-734277

• APA
• MLA
• AMA