Using interest money from a non-Muslim
Q: Is it allowed to get and use interest money from a non Muslim?
Q: Is it allowed to get and use interest money from a non Muslim?
Q: I have been dealing and negotiating with the banks and got a credit line (overdraft facility) approved for the company. To get this done I had told many lies to the bank (projections of business). I know that this was wrong and made tawbah to Allah Ta'ala. My question is that the facility comes with an interest cost. Since I had negotiated this with the bank by giving them false information/lies, etc., should I inform the bank about my mistakes? Or is it sufficient to only make tawbah?
Q: A business plan has been drawn up for a company wherein there are two partners sharing 50 percent each but they have no capital to start. A third party is keen on investing 100 percent of the capital into the business and he also understands that all the risks are borne by him alone. The two partners will be running the business and attending to the day to day activities of the business while the investor will merely advise and assist with decisions and the future planning of the business.
1. Can you explain the Shari’ah compliant way to structure this partnership?
2. How should the drawings of the three partners be structured?
3. The investor will invest for a short-term period of three years. At the termination of the period, what will be the correct way of settling?
Q: The warranty on my car is expiring. I was offered to extend the warranty for R5000 a year. Is this allowed?
Q: I have been working part-time at a pharmacy. The pharmacist (owner) and staff of the pharmacy are claiming chronic medicines and self-medication from the medical aids for the patients but are supplying the patients with other medicines that are not paid for by medical aids. Is this practice permissible?
Q: Is it permissible to buy gold on credit? My mother bought 2 gold coins, I took 1 and told her I will pay her slowly. Is it interest? What do I do? Can I return it to her?
Q: How authentic is the book "admonition for the neglectful" by Faqih Abul Lais Samrqandi (Rahmatullahi Alayh)?
Q: What eradicates good actions?
Q: Is there any authentic narrations that certain groups of people would also not be forgiven on Layla tul qadr even though they exert themselves in forgiveness, worship..etc.?
Q: Could you please clarify about the rank of hadith how one will identity whether it is sahih or hasan or da'eef or mawdoo'?