Business and Dealings

Q: Is it permissible for one to give his merchandise to a rep to sell for him on the condition that his commission will be any profit he makes over and above the selling price?

Q: Luqmaan owns a business. Over and above the fixed salary which he pays each worker every month, he also gives his workers a percentage-based commission for the sales they do. This commission is a bonus over and above their set salary which is given to them as an incentive for working harder. Is this permissible?

Q: A person gave his car to a car dealer to sell for him for R100 000. The agreement they made was that he will pay the car dealer 5% commission of the profit acquired through selling the car. Is this arrangement permissible?

Q: My neighbour wanted to buy a cooking pot for R100. I told her not to buy it as I will get one for her for just R70. She agreed because she was saving R30 on the same pot. However, my intention was that I will buy the pot for just R55 and tell her that it cost R70. In this way, I will make R15 without telling her. Is this permissible?

Q: I sell branded sneakers, bags, wallets, etc. I recently found out that Nike is haraam to wear. I did research on Versace as well and I found that it is also named after a Greek God. How do I determine which branded items are fine to sell and which are haraam? 

Q: Generally, in certain property or livestock investments, they have a reserve which they keep for expenses and unexpected circumstances. In other words, they don’t distribute this money to the shareholders as dividends. Is this permissible?

Q: Is it permissible to make it a condition in a mudhaarabah that the mudhaarib (working partner) will also be liable for losses?

Q: Is it permissible to work in a resort as an administrator, which has a swimming pool and alcohol is served.

Q: Can someone who is sick and needs money for surgery take interest money credited in his account by the bank for such purposes?

Q: What is the ruling regarding opening a bank account?