Trade

Q: I would like to know if I can deal in the following ways:

1. Sell a product on an online platform and receive payment (part or full) but the product is not in my possession.

2. Sell a product on an online platform and receive payment (part or full) but the product is in the stock of my supplier who promises to send me when I have confirmed the order.

3. Being the official rep of a particularly expensive but slowly moving product, can I take orders with part or full payment and then place the order with my supplier?

Q: While doing wholesale business with Amazon, one buys the product from a seller in another country and then drops it off at Amazon. We shall be advertising the product and Amazon will be responsible for storing, packaging and shipping of the product and it will charge us fee for these services. Is this method of sale correct.

Q: Forex trading currency through mobile app from standard bank. Money is transferred to shyft in rands, which can be used to purchase at any time through a physical card or virtual card. Rands can also be traded for four specific currencies. These currencies, if in possession can also be used for purchasing through a virtual card. From what I read, no interest is involved and no hidden costs. Only fees for trading between currencies and amount is agreed before confirming transaction. This is called shyft from standard bank.

Is it permissible to use?

Q: Is it permissible for a supplier to:

1. Sell/enter into deals for goods not yet in his possession (not physically present), but the goods have been paid for. The goods maybe in transit or for some other reason not yet in his possession.

2.) Sell/enter into deals for goods he has neither paid for nor does he have them in his possession.

3). Sell/enter into deals for goods that are in his possession but have not yet been paid for. (Purchased on credit)

Q: Is it permissible to sell vapes, if a person only sells and doesn't smoke? Is the money derived from the sale of vapes halaal?

Q: Is it permissible to buy an item from a kaafir who has not yet taken possession of the item? Further if a Muslim sells an item which he has not taken poseession of, will it be permissible?

Q: Is Forex trading halaal?

Q:

1. Is it a valid transaction when a company pays money to buy electricity from different countries?

2. Is it a halal job - ensuring that people get proper line of electricity and maintenance of electrical plants so that electricity connection remains proper?

Q: Is opening a medical store business halaal in Islam?

Q: Is it permissible to make and sell artwork?