Shari’ah perspective on business opportunities : discounting dues reports for cash

Fatawa Question

Assalamu Alaikum My friend is having a serious question about a type of business. The operation of business is like this : Self-employed drivers in UAE get trip from big Construction Companies. After the trip they get trip report from the Company. Now what they have to do the following : 1. Prepare the invoice by typing from some typing Centre. 2. Submit to the company and wait for one or two months. Since they are unable to wait for one or two months due to the daily expense like and diesel etc. they give these trip reports to some agents like my friend and they immediately give 90 % or 92 % of money to the driver. The work of these agents like this 1. They collect the bills from the driver from their place and give the money. 2. They prepare invoice and other documents 3. They submit to the company and get the money after one or two months. 4. There is some risk of validity of the bill, if the bill is wrong the agent will lose money. Now my friend wants to know this business is Halal and if it is Halal he is planning to join this business. Expect a detailed Fatwa Thanks, May Allah bless all of us

Fatwa

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Publication Date

2008-05-19

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-732063

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