Trade

Q: I have an amount of US Dollars which I purchased at R13.50 to a Dollar. Can I sell the Dollars at a higher price than what I paid for? The US Dollar rate as at today is R14.42

Q: Is Forex trading allowed in Islam?

Q: If a person earned money through selling alcohol, can he use the money e.g. for funeral costs?

Q: Is a horse breeding business allowed in Islam?

Q: Is it permissible to own a pet store in Islam?

Q: I have certain customers who pay via EFT and prefer to make monthly payments in advance. Since they are purchasing milk and eggs from me, often I have not yet received the milk and it has not even been produced yet.

1. What is the correct way for me to conduct the sale with these clients?

2. One of the customers mentioned that they don’t mind me using the money before they have purchased goods to the full value. Is it permissible for me to use it?

3. I have a customer that pays later. After purchasing the products, he sometimes has a complaint that it’s not as fresh as he is used to. If I wish to give him a discount, what would be the best way to do it?

Q: I sell eggs and I keep my stock at my parents’ shop. Once, a staff member from my parents’ shop had taken from my stock which is kept separately and sold it to the customer. It was brought to my attention a while later. As the products were more expensive, I had discounted them when sending the invoice although the goods had already been sold to the customer. Is this permissible?

Q: My parents take products which they pay for later.

1. Sometimes they pay a few rands extra out of love. Is this fine?

2. Sometimes, I wish to give them a discount when I’m sending them the account (as they sometimes help me to clear stock that is close to date). Can I give them a discount after they have taken possession?

Q: Is investing in Bitcoins halaal or haram?

Q: If a person does not drink alcohol but he sells it, will Allah Ta'ala accept his salaah?