Gambling in order to start a business
Q: Is it permissible to play the lotto in order to use the prize money as a loan to start a business? Once a profit is made, money equalling the lotto amount will be given away in charity.
Q: Is it permissible to play the lotto in order to use the prize money as a loan to start a business? Once a profit is made, money equalling the lotto amount will be given away in charity.
Q: Is life insurance allowed in Islam?
Q: Is trading halal? Like the website I am using is IQ Option. Where you bet the price on 4th decimal of the rate.
Q: In South Africa where government hospitals do not treat patients and private hospital fees are unaffordable, is it permissible to take out a medical aid/hospital plan for health reasons? The medical aid/hospital plan offers the following:
1. Unlimited private hospital cover.
2. Full specialist cover in hospital.
3. Monthly chronic medication.
2) Is it be permissible to take monetary compensation in places where the medical aid/hospital plan is not accepted?
Q: I have a commercial property which I want to rent out. I have been approached by a bookmaker who wants to hire the premises. The bookmaker conducts business through a chain of licensed betting shops all over the country. Is it allowed for me, as a landlord, to rent the premises to a business of this type?
Q: Vodacom (mobile service provider) introduced something called Play Everyday. It involves playing a game at a cost of R1, wherein you can win different sorts of prizes like airtime or mobile data. Whether you win or not is randomly calculated. Is this permissible or is it a form of gambling?
Q: There are many needy people in my area. I am helping them in whatever way I can with my hard-earned money. However, this is not enough as the needy people are too many. Can I buy a lottery ticket every month with the intention that if I get lucky enough to win, I will help them with the prize money? I won’t touch a single penny from that amount for my personal use.
Q: Are arcade games allowed in Islam? My teacher said no because you do not know how many tickets you will get so it is gambling. Please clarify.
Q: There is a certain car tracker company that charges an installation fee of R1400. Thereafter, they charge a monthly fee of R120. If one’s car gets stolen and the company cannot recover it, they will give him the amount that his car is valued at in cash. However, if the car is recovered later on, one will have to return all the money that one received from them within 14 days. If one does not return the money within 14 days, then for each day that passes thereafter, interest will be charged. Is it permissible to take out such a contract?
Q: I want to enter a soccer tournament. There’s an entrance fee of R700 per team to cover the costs of the tournament. A person is donating a prize for the winner. Is it permissible to play in such a tournament?