Q: I work in a department store, and as part of the job we are obliged to ask customers if they want a store card, which is a credit card, and if they do, to open accounts for them. What is the ruling on credit cards, and is this work permissible?
Q: I would like some advice. I am looking to purchase a property for primary home residence, as rentals are becoming rather high and increase each year. However I am in a lot of debt. Do I go ahead and consider purchasing the property, or is it best to rather wait until debts are reduced, before taking on such a huge commitment.
Q: I want to know if I want some monetary help from my family and I ask them and they help me and I return it after a few weeks, I want to know that is it shirk?
Q: I wanted to find out something regarding interest. I'm currently in an unstable financial situation, I find it very difficult to pay my expenses, I'm currently working and have tried many things to make additional income with no success. I've been working on a business plan and submitted to government, would it be permissible for me to take a loan from them? The loan will have interest payable. I cannot go to any Islamic bank etc because of my financial record. I have no other options, please advise.
Q:
1. Once, a shopkeeper made a mistake and gave me extra change. I was going to return the extra change, but for some reason, I did not. Is it now a debt and should I return the difference?
2. If they refuse to take the money, how should I clear it?
3. If the shopkeeper dies, how should I repay it?
Q: Is credit card permissible in Islam? Please inform me regarding credit card usage.
Q: I had to pay some old due of my credit card. Can I pay that payment with the interest I received in my saving account?
Q: One of my colleagues asked me to lend him some money like 10 thousand which he wanted to use for his personal use. He said he would give me back 12 thousand in one month. I rejected his offer saying it is haraam. He asked me to buy him something like a computer for 10 thousand and he was ready to buy it from me at 12 thousand. But he would give me after 1 month. If he pays early, no discount and if he pays late, no extra money he will give but I can demand my money after 1 month. He purchased from me and he sold it in the market and got cash to satisfy his needs. Later after one month he gave me 12 thousand. Is the profit of 2 thousand haraam?
Q: Please assist help me understand the concept of helping someone to set up a business.
Scenario A:
Person A helps person B by lending the person R 10 000 for a business. Person A wants R 15 000 after 3 years (R 10 000 as capital and R 5 000 as profit). This is purely money lent to another person. Is this ribah?
Scenario B:
Person A buys a business for R 10 000 person B and then Person B pays off the R 10 000 (capital) + R 5000 (Profit) over 3 years. A business is bought and sold back to Person A. Is this Halaal?
Q: I would like to know that my child needs to go college next year but I would not be able to put up with all the cost because I have other children which go to private Islamic school. So I need to pay for their fees so is it allowed to get a student loan for the college child?