International trade and other sales : is a website an asset ?

Fatawa Question

Alaykum Sh. Monzer, In sha’Allah T’allah all is well with you and the family. What is your opinion on internet website being an asset-class ? one can own websites, such as domains, and information that is made available on the website. The fact that a website is available on the internet constitutes it being a “physical asset”. As well, there is substantial amount of marketing that takes place on internet sites and via the web in general. For example, a site may sell their space for advertising revenue. There is an area called affiliate marketing where by one can send a link (to a product) with thousands of emails. The idea being that a few of those thousands will purchase that product. They keep repeating the process and send links to thousands of emails generating significant revenue. Jazaka Allah Khayr. Was-Salaam Rauf

Fatwa

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Publication Date

2011-05-27

Main Subjects

Economy and Commerce
Religion
Islamic Studies

Topics

• Islamic jurisprudence
• Foundations of Islamic jurisprudence
• Sales
• Monopolies
• International trade
• Speculation
• Web sites
• Ownership

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-734307

• APA
• MLA
• AMA