Saving money in a monthly deposit account
Q: Can we save money in margadarshi like monthly deposit. Is it permissible?
Investments and shares
Money saving scheme
Q: Is it permissible to save money like any chit funds, for example 40 months scheme for 40 laks but monthly we pay like 60, 70 etc.?
Using halaal money from an account that accrues interest
Q: I have some fixed deposits which accrues some interest. Now if I perform Hajj/Umrah from the halal money i.e. not earned from the interest, will it be accepted? I ask this, because I heard that the prayers of the one who deals with riba are not accepted. I'd also like to know if my other prayers, i.e., Salah, Fasting etc, are accepted as well?
Trading on the stock market
Q: I would like to know if it is halaal to trade on the stock markets or buy shares in companies.
Premium prize bonds
Q: I wanted to ask if premium prize bonds are halaal to purchase or not?
Investing in a profit and loss account at the bank
Q: I want to open an account in the bank. The name of the account is PLS (Prophet and loss saving). The policy of bank is if they invest my amount and earn some profit, they will give me my profit. If they have loss, then I will accept it. Is this is according to Islam or not? Please inform me. I shall be very thankfull.
Old Mutual Albarakah equity fund
Q: Is it okay Islamically to invest in the Old Mutual Albarakah equity fund?
Investments
Q: Which investments are Shari'ah compliant? And can you investment in an FNB Islamic unit trust or Albaraka unit trust?
Old mutual annuity fund
Q: This question is regarding and old mutual annuity fund.
1.) Am I allowed to use the profits from this fund?
2.) If not, can I use the profits from this fund for renovations or Building a room for my domestic workers?
3.) What other options do I have in using these profits?
Investing in Heera Gold company
Q: Is investing in Heera Gold company halaal or haraam. The company says that it is halaal because it trades in gold, textiles and other products and does not deal in riba. If we invest about one laakh rupees we would get approx 3000 rupees per month and we can take our amount of one lakh when we want. It says that there is 60 -40 partnership and we are also entitled to loss. There is lots of people who invest in this company thinking it's halaal so could you please research on this company and give fatwa on weather it's halaal or haraam?