Q: I want to invest some money in a friend's import export business against which he would give me a fixed monthly income regardless of the actual profit or loss he makes in the business. Is it halal for me to do this investment and take monthly fixed profit?
Q: I am reading about the Quran and old Islamic economic system. Is it true that if any country or bank prints paper currency more than gold or silver reserves, it will be ribah or sin? Some Islamic teachers say that paper currency is a fraud because paper currency is more than Gold reserves, and in Islam money is which has intrinsic value like wheat, barley, dates, salt or gold and silver?
Q: I'd like to know if a bank provides a service to purchase things on instalments of 6 months for example at a 0% mark up but charges a small fee for it, would that be considered as interest? Is it halal to avail this offer? Here's what they say:
Instalment Plan
Shariah Compliant
No processing fee
Payback in easy instalments
No extra charges
How it works? Select the product, choose the plan of your choice - 3, 6, 9 and 12 monthly instalment plans available. Apply online.
Q: My car has been involved in an accident with another car. Will it be permissible for me to accept compensation for the damages from his insurance company as it was his fault?
Q: I have a question regarding 786 numbers.
1. What is the meaning of 786?
2. Is it permissable to buy and sell 786 cell numbers and licence plates?
3. Also is it permissable to sell a licence plate if someone offers a high price since it is nice numbers like 1001
Q: My friend is getting married soon, insha Allah. Since we are young and close friends and we are a close knit group, we want to buy some gifts for him. Is it permissible to buy adult toy's for him and to buy things like item's we feel are fun and exciting?
Q: Can a chartered accountant, who checks and verifies the accounts of the company, audit the accounts of banking company other than interest and loan accounts. Like salaries, taxes, office expenses or miscellaneous expenses, fixed assets, share capital. What is the shariah ruling regarding it?
Q: What exactly is the definition of interest or riba? Will the return on investment for a business be considered as interest? Tell me briefly about interest.
Q: I do forex trade in Islamic account which is swap free and I don't take any leverage. For example if I deposit 10000 rupees in my account I will buy dollars from these rupees and will sell them when the price of the dollar increases. Is this profit permissible for me?
Q: I used to work in a company in which we scam people, so is the money earned halal or haraam? Can I use that money for good deeds or for investing it in halal business? If not, what must be done with that money?