Valid & Invalid transactions

Q: I work at a company that sells wooden boards. Carpenters come to us with the measurements of the customer’s job, then we use a computer program to work out how many boards the customer will require. Sometimes, the customer only requires two boards but the carpenter asks us to charge him for three boards. The customer thinks that he needs three boards and is paying for three, whereas he only needs two and is only receiving two while the carpenter takes the money from us quietly for the third board. My boss says that we are not doing anything wrong because the carpenter is taking the money and we are not taking anything. Is this permissible?

Q: I have a query regarding the payment options of my son’s school fees. Please advise whether the following option is permissible:

Pay in full by the first Friday of February and receive a 5% discount. This amounts to R12 350 for the year instead of R13 000 if I have to split the fee over each school term or per month. The various payment plans are as follows:

1. As detailed above with 5% discount = R12 350 per annum

2. An amount of R3250 per school term = R13 000 per annum

3. An amount of R1300 per month for 10 months (Jan-Oct) = R13 000 per annum

Q: A friend and I want to sell cars together. He has the experience in buying and I have the cash. This is how we wish to work.

1. He will find me the right car that is worth buying to resell.

2. I must buy the car myself with my money.

3. He will find me buyers.

4. I must sell the car myself to the buyer.

5. He (my friend) will get a cut from the profit of the sale.

Is this way of dealing correct? He will not put money in, but will basically do the work of finding the supply and buyers. I must do all transactions, If I loose for some reason he will not share the loss. He will only take a share in the profit of a winning deal.

Q: Please advise regarding online forex trading. I have read other nodes but answer is still not clear. It is a swop free account - so no interest is charged if trades are kept overnight. I only trade forex and stay clear of individual stocks. When a transaction takes place I am purchasing a contract to exchange the difference between the opening price and the closing price of that contract. Please provide a clear yes or no answer.

Q: Is it permissible to take extra amount on mobile load. Also is it permissible to take extra amount on utility bill payment. Explanation: Today we see every mobile load shopkeeper takes 1 rupee extra on mobile load. Like if we want to load 30 rupees, loader gets 32 rupees and loads 30 rupees. Will this extra two rupees be sood or not?

Q: Is installment business halaal or haraam in Islam. Explaination: Company XYZ purchasing Product from Market in 1000 Rs. and Sell it on 2000 RS (double Rate) in 20 installments (100 Rs per day). One recory man is reserved for it for Recover Payment from Buyer Shops. (Recory man Salary is about 15000/month) But ON Cash Payment, Company Sale Same Product in (1500 RS). Is this type of business is halal or Haram in Islam.

Q: Is it permissible to purchase an extended warranty?

Q:

1. YYY wanted to sell his house(2003). He gave ZZZ(sister) three payment options viz a. Cash price – once off payment of full amount b. Terms price c. Rental Option

2. ZZZ chose the cash price option and paid a deposit

3. ZZZ then made a few minor payments.

4. ZZZ and her husband came to YYY house(2004), and said that they went to the bank for a loan but because of FICA documentation they were still in the process of finalising the loan. At this point, they asked YYY to consider if he will not let them pay off the balance at the amount the bank was going to charge them. YYY did not give an answer to this. How does this affect the transaction as the negotiation process was now put back on the table?

5. In 2006, YYY advised ZZZ that she hadn’t paid the full price as promised, hence YYY requested a renegotiation of the sale

6. Repeatedly over the course of time, YYY advised ZZZ not to continue depositing the money until the whole situation was settled and a shariah ruling was obtained

7. As the brother, YYY did not want to give his sister notice to vacate the house as he did not want her to be on the street

8. There was no consistency in any payments. Payments were made erratically.

9. ZZZ continued to deposit money into YYY account even when requested not to do so until the sale was clarified.

10. Despite being a cash sale, ZZZ paid the money over 10+ years at the cash price and now wants transfer of the house

Please advise on how YYY should proceed.

Q: Please give me guidance regarding the following:

1. We have an agreement with most of our suppliers that all accounts are to be paid within 30 days from date of statement. We receive a settlement discount of 2.5% only if we pay our account within the specified time (30 days from statement). Is this permissible?

2. In some instances, we pay a few accounts later than 30 days from statement (between 3 and 5 days later) and we are still allowed the 2.5% settlement discount from our supplier. Is this permissible?

3. If we sometimes have any extra cash flow, then is it permissible for us to call our suppliers and negotiate an extra settlement discount? For early payment of our account (that is paying our account in the same month that we purchased the goods, not 30 days from statement, but on the day we receive the statement) we are offered an extra 1.5% early settlement discount. So instead of the 2.5% only we receive a 4% settlement discount for early settlement. Is this permissible?

Q: What is the masalah regarding selling 2 live chickens for 2 proceeded chickens (cut/sliced/packed). Is it permissible?