Principles of Business

Principles of Business
(By Hadhrat Maulana Ashraf Ali Thanwi)
(Extracted From Beheshti Zewar)

Principles of Business Part One

Buying And Selling

Finding Out The Price Of An Item

Having Knowledge Of The Item That Is To Be Purchased

Purchasing On Credit

Khiyârush Shart  – The Right To Return Goods

Principles of Business Part Two

Purchasing An Item Without Seeing It

Defects In An Item

Invalid And Improper Transactions

Selling At A Profit Or At Cost

Principles of Business Part Three

Transactions Based On Ribâ Or Interest

Gold And Silver

Items Sold by Weight

Items Sold by Measurement or Counting

Principles of Business Part Four

Bay‘us Salam Or Forward Buying

The Taking Of Loans

Appointing A Person As A Wakîl (Representative)

Dismissing A Wakîl

Principles of Business Part Five

Mudârabah Or Silent Partnership

Amânah Or Trusts

‘Âriyah Or Borrowed Items

Hiba Or Gifts

Principles of Business Part Six

Renting And Hiring

Taking An Item Without Permission

Partnerships

Mortgages

Wasiyyah or Bequests

Principles of Business Part Seven

Shuf’ah – The right of pre-emption

Muzâra‘ah – Temporary Sharecropping Contract 

Intoxicants (Addendum)

The Pursuit Of Halâl Wealth (Supplement)

The Detestation Of Taking Credit Unnecessarily (Supplement)

Glossary