Business and Dealings

Q: In business, we sometimes suffer great losses when our debtors fail to pay us. To secure ourselves against these losses, we take out credit guarantee (CGIC).

How it works is that I tell CGIC, for example, that the general amount of money owed to me by my debtors at any given point is approximately R40 million. They will then provide me with credit cover and charge me 0.6% p/month of R40 million. When any of my debtors fails to pay me, then as soon as 90 days pass, I issue a letter of demand to the debtor and also inform CGIC. If the debt is not settled by 120 days, CGIC takes over the debt and tries to get the money from the debtor through legal means, etc. They then pay me 70-75% of the debt amount.

Because CGIC is a form of insurance, they also charge an excess i.e. they will not cover the first claim up to R200 000 per annum.

Is credit guarantee (CGIC) permissible in Islam?

Q: I asked the bank to change my account from profit and loss to current account and stop sending profit to me. They told me that they cannot and told me to make a new account, which I cannot do due some reasons. It is okay if I give the interest money to poor people?

Q: I am working as an accountant in a private company. I deal with the bank and cash received from customers and also make payements for the company. Somtimes when I calculate cash at closing time, it goes in excess. Can I use this cash for my personal use or not? One point I want to clear is that I am working on software and I cannot put back in software.

Q: 20 years ago, Mr. Zaid invested Rs. 50 lakh in a business. All the items were purchased from his money and it was decided that he would get 25% of the profit. The other partner agreed on working in the store. Mr. Zaid also kept on visiting the store until he got sick 5 years back. Now if he wants to end the business with mutual agreement, will he get Rs. 50 lakh? Or since the value of the money has increased alot, he will get extra benefit?

Q: Someone has given some money to me as gift for my personal usage. The person is a Hindu... I wanted to know if that money can be used for religious purposes of the following

1. Perform umrah or Hajj

2. Give sadqa

3. Help the poor for the purpose of sawab

4. For any other religious affairs.

Q: I was given money for five years investment by one of my friends but there was no written agreement. It was only verbally discussed. Now my friend passed away and he is unmarried. His family are all well off and they don't even know about this matter. I can't pay before five years but I can pay this amount in monthly installments. Can you guide me on what should I do?

Q: Is it permissible to do print work for alcohol companies?

Q: I would like to ask that in armed forces screening or any other such sort of job where they need to screen you thoroughly, there is a medical stage screening where they fully uncover the applicant and the senior doctor checks him for any ailments or shortcomings that might deem him unfit. The question arise that doing such sort of uncovering of full body to a medical doctor will be permissible in shariat or not. If it is not permissible then who is sinful. Both?

Q: A person has rented a new car on long term, three years. After three years the value of the car is evaluated. If you want you can buy the car. Is this type of transaction permissible?

Q: I have been doing a self-employed delivery job with amazon known as Flex; Amazon flex has 3 types of delivery:

1. Logistics – normal cardboard boxes but I will never know the contents (but no food and drink items from my knowledge)

2. Prime now - which allows for many items which included electronics etc, foods, all types of drinks including alcohol in paper bags. So I am able to tell sometimes what is in the bag.

3. Morrisons shopping - anything Morrisons sells (morrisons is a massive supermarket like Asda or Target).

The way it works for Amazon flex, you will never know what route and items you are delivering until around 10 minutes into the booked shift. There is no management for point of contact to say that you do not wish to deliver alcohol, ‘you get what you’re given’. For the second and third types of delivery, there is always a chance of delivering alcohol but you will never know until its given to you.

So my question is my earnings halal? or just to leave completely due to always having doubt?

Also this is not my main income anymore, I have a 9 to 5 and I do this after my main job as I am trying to get married and I have just left university.