Interest and Gambling

Disposing of interest money accumulated by a body corporate

Submitted by user2 on Sun, 2019-06-23 06:50

Q: I would like to query the issue below:

I am part of a body corporate of a complex based. The body corporate has been in place for about +/- 12 years and it has been run by the Muslim men of the complex. The complex comprises of various owners, Muslim and non-Muslim.

We have recently moved our banking over to FNB Islamic banking. Prior to this, we have accumulated an amount of +/- R22 000 interest money which we had kept aside after the move to Islamic banking. The body corporate is non-profit and we only act in the best interest and upkeep of the complex.

We as the body corporate would like to query if it is permissible or not to use this interest money as this money belongs to the complex which comprises of Muslim and non Muslim owners. We as the body corporate are held liable for the money of the complex.

The investment account which the interest was accumulated from was only opened as this is a law according to the CSOS act which is government regulated.

Please advise the correct manner/s in which this interest money should be dealt as we would like to make the correct decision going forward.

Receiving cash back or discounts when purchasing with a credit card

Submitted by user2 on Sat, 2019-06-22 07:14

Q:

1. When purchasing goods via a credit card, I received 1 rupee on every purchase of 200 rupees. Is this permissible or not?

2. Different offers are available on credit card and easy paisa accounts everyday. If we purchase and make some payments and order some food via the credit card and easy paisa account, then we will receive a special discount or cash back. Is this permissible or not?

If this is "sood" then what is best use of this amount.

Insurance, medical aid and using banks in Western countries

Submitted by user2 on Thu, 2019-06-20 08:23

Q:

1. Are all forms of insurance haraam in the west? If a person doesn’t have car insurance in a western country and they have an accident, they have to pay $10,000 to cover the costs of not only their own vehicle but the other vehicle if it is their fault? Where can a Muslim who doesn’t have insurance, get all that money from?

2. Is medical/dental insurance haraam in the west? There are Muslims in the west that live with their elderly parents and they always have to go to hospital and if they didn’t have medical insurance, they would have to pay so much thousands of dollars of money that they simply wouldn’t have it. Where would they go to get their medical treatment. Would they do nothing?

3. Many people say that when you earn money in the west and go to banks to withdraw that money, that money is interest money which the bank runs on so you can’t do anything?

Accepting money from the opposite party's insurance company

Submitted by user2 on Wed, 2019-06-19 07:31

Q: I had an accident and in a claim I received some money from the insurance company of the other party and there is some amount of injury as well but I didn't get any injury.

I just wanted to now whether I can use that money or not. If no, can I give that to anyone who is in need and not eligible for sadaqa?

Giving someone interest money without telling them it is interest

Submitted by user2 on Tue, 2019-06-18 07:33

Q: Person A gives person B his interest money declaring it as such. Person B gives person C the money declaring it as such, appointing person C a representative of the poor. Asks person C to dispose of the money. Is it jaaiz for person C to use the money for person D children school fees without declaring it as interest?

Purchasing a house through taking a loan on interest

Submitted by user2 on Mon, 2019-06-17 08:44

Q: We live in a country, where it is impossible to buy a house on a full amount, it is more expensive than Europe. My husband is religious and wonts take a mortgage. We have been married for 2 decades and wasted lots on rental property, and the headaches that come with it. Buying ones own house is a basic necessity and advised by scholars, elders, alike if possible.

1. Is buying a house in installments permissible in Islam? From a real estate developer?

2. Can one use an installment plan which is jaiz, from a bank such as Al Rajhi bank?

Taking an interest bearing loan to purchase a house

Submitted by user2 on Sat, 2019-06-15 07:29

Q: I want to buy a house under the right to buy scheme but cannot get a halal mortgage. I have found no Islamic bank that offers a halal mortgage for government schemes. Please advise if I can use abnormal bank. 

Winning the lottery

Submitted by user2 on Wed, 2019-06-12 07:52

Q: We got a message that we were chosen as the winners of Canada Coca-Cola's new year lottery. They were promised to give us some dollars. Is it halal for us? 

Disposing of interest money

Submitted by user2 on Wed, 2019-06-12 07:49

Q: What to do with interest money?

Using interest money to pay for taxes and fines

Submitted by user2 on Thu, 2019-04-11 07:26

Q: Can interest money be used to pay tax (SARS)? What else can interest money be used for, payment of fines? 

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