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Business and Dealings

Business and Dealings (2800)

Compensating one's child for gift cards that got destroyed

Submitted by user2 on Tue, 2023-10-31 08:11

Q: My car caught alight this morning and was completely burnt. I had R5000 worth of gift cards in the car which were gifted to my 6 month baby when she was born. I have now lost those in the fire and would not be able to redeem it. Do I owe my child that money?

Category: 
Business and Dealings
Gifts

Using a FNB global card to gain access to airport lounges

Submitted by user2 on Sat, 2023-10-28 07:13

Q: Using the FNB global account/card, is it permissible to use the airport lounge benefit? No charge per month. No minimum balance required.

Category: 
Business and Dealings
Interest and Gambling
Bank benefits and Credit card reward programmes

Profits from an FNB Islamic Savings Account

Submitted by user2 on Thu, 2023-10-26 07:38

Q: What is the Shariah status of the Islamic Savings Account that one can open at FNB? One does not receive any interest but a portion of the profit is periodically credited by the bank to such an account?

The Bank claims that a board of top Ulama have investigated the account and have granted approval.

Category: 
Business and Dealings
Interest and Gambling
Bank benefits and Credit card reward programmes

Purchasing silver Kruger Rands online

Submitted by user2 on Sun, 2023-10-22 08:02

Q: Around 5 months ago, I had purchased two 1oz Silver Kruger Rands online from a website. I paid them the full amount due and a few days later they delivered the coins to me.

Was this transaction permissible and if not, what is due upon me?

Category: 
Business and Dealings
Trade
Valid & Invalid transactions

Using money that was given to one to keep as an amaanat (trust)

Submitted by user2 on Fri, 2023-10-06 08:16

Q: I would like to find out about some money someone gave me to look after.

Now I have used some of it for myself and haven’t told them. But in my mind I know that I have it and will return it when they ask for it. Is this ok, or should I have asked their permission before using it?

Also, I have put some of the money in an Islamic bank which gives some profit. My question is do I have to give them the profit as well as the money they lent me or just what they originally gave? 

Category: 
Business and Dealings
Amaanat (Trusts)

Buying a car that was named after a zodiac sign

Submitted by user2 on Fri, 2023-10-06 08:14

Q: Is it permissible to buy cars made by Ford as they have a car named “Taurus” which is the name of a zodiac sign. The company probably kept the name on the constellation of stars or name of zodiac sign. I don't know if people associate it with the zodiac signs or not.

Would it be permissible to buy this car (Taurus) from this company or any other car from this company (Ford) ?

Category: 
Business and Dealings
Trade
Permissible and impermissible items of trade

Company charging staff for damaged goods

Submitted by user2 on Fri, 2023-10-06 08:04

Q: A company charges staff for goods damaged by staff. It is either damaged by mistake or due to negligence. Staff are required to pay the full retail value of the item. The staff cannot take the item away. It is either sold off at a reduced value to another person. In some cases where the company can, they return the item to the supplier for a credit.

What is the shar'ee ruling in this regard?

Category: 
Business and Dealings
Liability

Manager creating a position for a person he likes in the company

Submitted by user2 on Mon, 2023-10-02 08:04

Q: If a manager creates a position to do some work in a company (in which he is employed) when he knows that there is no need for such work, and appoints a person he likes or favours on this position, and the appointed person knows all this (what the manager has done), will the appointed persons salary be halal or haram although he is doing what is stipulated in his contract?

Category: 
Business and Dealings
Ijaarah
Permissible and Impermissible employment

Islamic ruling on 'eft confirms your order' after a sale

Submitted by user2 on Sat, 2023-09-30 07:52

Q: I would like to know if the the rule in business 'eft confirms your order' is permissible?

Category: 
Business and Dealings
Trade
Valid & Invalid transactions

Applying for an interest bearing home loan

Submitted by user2 on Tue, 2023-09-19 08:20

Q: I want to buy a home at my native place but I haven't enough money to buy it, so can I apply for the home loan. I already tried to halal sources to raise funds for the same but I only collected 10 lakh, and the home price is 28.5 lakh.

I know interest is haram in Islam. Also suggest me the best way to achieve it. 

Category: 
Business and Dealings
Loans & Debts
Loans

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