Business and Dealings

Helping a poor Muslim with interest money

Q: A Muslim brother is in very deep debt. He doesn't have medical aid and his wife, son and daughter were hospitalised on different occasions. Different years. Also, she bought stuff using the credit card or store cards when she was down. He had to take out loans from 3 different banks as his salary each month could not help with the payment. He has since sold his car, clothing and whatever he had after they divorced. He is battling with child maintenance and is under debt review. He is zakaatable and by the time he gets paid and does all his monthly payments, he is left with hardly any money for food and lights. Its the interest that is killing him. Yes, interest is haram, but he fell into this cycle not purposely. Can we give him our interest money to help pay off his debts?

Investments

Q: I had given money to a builder for investment purpose in his project he will invest money in his projects and distribute profit among investor on percentage wise. Is it permissible to invest like this?

Investing in Oasis

Q: I will be receiving a large sum of money from pension pay out from the government upon resignation . If I do not put this in another pension fund, will be taxed heavily by sars. Is Oasis a shariah complaint fund to put my money in the pension fund. Where else do you suggest we invest the Shariah way?

Internet service provider

Q: My brother would like to start a business as an ISP (internet service provider). He will basically be providing internet to the users in his local area. A few people told us that it is haraam because some customers may use the internet for haraam e.g. porn sites. Is it permissible for him to start this business?

Purchasing an item on credit from Makro

Q: A person wishes to purchase a stove on credit from Makro (for example). The cash price of the stove is R5000. However, Makro says that if you wish to purchase it on credit, there will be a certain percentage interest rate. Hence purchasing it on credit will cost R5800 over 20 months at R290 per month. Makro says that the installment will NOT fluctuate during the months. Every month it will certainly remain at R290 till it's fully paid. When he purchased it, he ignored completely what they had to say about the 'interest rate', and his intention was that they are merely changing the price of the stove and just making more profit on him since he's buying it on credit. Is he guilty of ribaa in the above mentioned case?