Only paying the supplier when receiving money from the customer
Question
I make payment to my supplier only when my buyer makes payment to me. Once I receive payment from my buyer I make payment to my supplier. Is this transaction acceptable as per our Islamic law?
Answer
The right thing will be to specify a date that within this time the money will be paid.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/32623
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-32623
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