Trade

Buying back an item at a lower price

Q: I am in the business of buying and selling car mags. A few months back, I sold a set of rims to someone for R1800. A couple of months later, I got a call from the same person asking if I want to buy these same rims back because he had no use for them. I made him an offer of R1200 and purchased them back. Is this considered as riba or is it permissible?

Selling fireworks

Q: Is it permissible to sell firecrackers during Christian holidays and offer freebies to attract customers to come in the store. The money from the firecrackers will be kept separate. Can you sellitems that are not legal to sell and can get fined for if you ger caught? After doing the above, can you still praise Alllah for makeing your business so successful and giving you so much barakah in the rozi and even if you are paying taxes. Please clarify.

Selling gold online

Q: I intend to begin online precious metals trading (buying and selling gold online for example), and I read the mas’alah that “purchasing gold online in exchange of money” is permissible. Can you please explain what this means?

Future trading

Q: I want to ask if futures trading is halal in Commodity Market. In my country Pakistan, this is allowed. Also, to make it clear this kind of trading has no interest (riba) associated to it. Its a contract to buy the commodity in future by depositing an initial deposit. Please advice. I am a sunni Hanfi.