business

Q: Is it permissible for a Muslim to take loans for their business or making homes of  their own?

Q: I am planning on buying a new house that costs $250,000. However, I do not have enough money to pay the full amount up front and I do not want to pay interest on the house. The deal I have worked out with the company selling the house is that I will pay $300,000 for the house but I will not pay any interest. Meaning, I will pay $2,000 every month for 150 months for a total of $300,000. This way the company will make some money on the house and I will not pay any interest.

Is this a permissible deal for me to make?

Q: What is the Islamic viewpoint regarding trading in cosmetics?

Q: I have heard that by feeding 60 people (friends/family), this action blesses a new business/home. Is this correct? Or do you know of any other Islamic ruling to support how to obtain blessing/ baraqa for a new business?

Q: If anyone wears gems like ruby etc. some people think it will bring good luck etc. is it permissible to sell this sort of stuff as we may be just selling it for luxury purposes but on the other hand people may be misguided.

Q: I am running a (pcd) franchise medicine company. I get a tablet from company for a price of say 3 the mrp of medicine is 10 so I earn 7 but then I spend 2 from my profit and give it to doctor who is prescribing it then I give 2 to chemist outlet so that I get more orders from them. My question is "is it haram act" to share your profit to get orders in return. Please reply.

Q: I run a business buying and selling furniture, gold and silver. When a person sells an item to us, then in most cases, an option is given to the seller to buy back the item sold at any time, if still in stock, but at a higher price. Is this permissible?

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: Is it permissible for a Muslim the trading of non-halaal goat and beef meat (animal is not slaughtered the halaal way), from a non-Muslim trader to non-muslim buyers?