Business and Dealings

Q: Is the income generated from interest based schemes permissible to use for widows who have no other source of income?

Q: Is it haraam to invest money in the share market?

Q:

1. My question is, is investing in a commercial bank shares allowed? Halaal or haraam?

2. If someone gets dividends from investment on Banks share, can he/she make Sadqaa of this amount or can spend any charity work?

3. If someone thinks before investment in bank shares if he gets profit or dividend he/she will spend all the money for Sadqaa or any charity work. Is this situation is allowable / legal Islamic point of view?

Q: I attend pharmacy school in the United States. It's my first year and as you might know I had to take out a loan because of the tuition. The tuition is extremely high so for the loan I had to take it out on a interest rate. I have taken out 2 loans so far both on interest. I am not doing well in my classes and I am on the verge of failing and getting kicked out. I have been fed up with this and I think it's because my tuition involves interest that's why. I want to leave but I do not know what I would after leaving this school and my parents don't understand; they want me stay here but inside I do not want to. What should I do? Please give me advice.

Q: Our pathology lab offered our services to a certain hospital. The hospital told our lab that many other labs also offered their services to them. They said that if we want, they will choose our lab and give us all their contracts, on condition that since they are giving us the business, our lab should pay them a stipulated fee as a token of appreciation. Is it permissible for our lab to pay the hospital this stipulated fee?

Q: My sheikh gave me an itr and said that use it when you come to listen to the majlis. Can I give that to one other poor person who goes with me there?

Q: Is any income earned by way of fixed deposit or any other interest based scheme offered by government permissible for a widow or someone disabled?

Q: My mother is a widow and the only finance to run her house is the amount that comes against the government scheme which is interest base. My question is that is it permissible for me to have food there and receive gifts from her whenever I go to her house. I am married.

Q: When I started working, I took out an educational plan for my children. However, they misinterpreted my plan for a retirement plan. Am I allowed to use the money from this retirement plan even though the intention was for an educational plan?

Q: Is it permissible for one to take out a policy to insure one’s house or car? The contract that one signs obligates him to pay monthly premiums in exchange of the payout that he will receive in the event of a burglary or hijacking.