Questions about some financial transactions with institutions.

The Shaykh : ... they sell the price in advance, and consequently they sell him the goods, not through the known method of credit.

The questioner : So, Professor, he is selling it in his hand.

The Shaykh : I say ... this is a transfer.

The questioner : Yes, when he is selling — my professor — he is not selling them that they have received the price, of course you would say — professor — for example, something specific, this method is good, if — for example — they rely on — for example — half of your money from the price of the goods, etc. ... but of course not all companies, my professor.

The Shaykh : That is it...

Another questioner : Yes, yes, he might renew it again ... .

The Shaykh : No, may Allah reward you with good.

Another questioner : Just one thing about specifications.

The questioner : Of course, this is what he fears ... meaning most of them are honest that they will send it to you, you send him money he sends it to you; but you are asking for specific specifications, specifications for a very small job that you see, but it costs them amounts, they send it to you ... .

The Shaykh : I do not think a global company would have an agreement stipulating all the specifications and then they would go back and break it; because this means it is not in the company's interest. Now, why do Arabs praise the Europeans that they are honest in their transactions? They are a group of disbelievers who do not forbid or permit, but they are looking for their own interest; so in their experience over these long years, it has become clear to them that if lying saves, then truthfulness saves more; and therefore their material interest carries them to honesty in transactions; so if a company is dishonest; meaning experienced, I do not think it will come to break the agreement based on what? That the value was sent to them initially ... rather, this may encourage them that if there is a scope for more uprightness, they will be more upright; because they are a materialistic group, the sooner they are paid, the more beneficial it is for them.

The questioner : Now, the Japanese traders, maybe here in Oman, as you say, in one of their neighborhoods, meaning they are always present in the markets.

The Shaykh : Who are they?

The questioner : The Japanese traders are always present in the markets, meaning, to repeat, I go in and see commercial shops carrying their suitcases ... large, and they display their goods normally like the Arab traders present — for example — we display to each other, they sell of course, but only through opening letters of credit.

Another questioner : ... it became large with an institution ... Japanese ... Oman, and they delivered to him the devices with all the complete specifications ... but the tricks they did to them is that after six months, the institution's sector ... the institution is forced here, every broken switchboard, it tries to fix it, there is no permission to cancel it permanently and bring a new switchboard, and this ... now in the future ... it requests first that a non-... sector be provided.

The Shaykh : This is it, this is non-compliance from the same officials there.

The questioner : Are people ... forced to do this credit job, they have no exit except this ... in the work they receive ... if it is ... there is only this side ... ?

The Shaykh : By Allah, we cannot say that there is only this side; because this requires a precise commercial and economic study so that the answer is seasoned from both sides; from the Sharia and fiqh side, and from the commercial and economic side.