Business and Dealings

Meaning of 786

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

Interest

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.

Forex trading

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?

Can a working partner receive a salary from the partnership?

Q: I was recently given a 1/3 share in a business (i.e.without investing anything). However I am currently a working partner in the business. My question is

1. Am I intitled to a salary?

2. When the shares are distributed, do I recieve any?

3. If i am not intitled to a salary, what is the way foward with regards to me recieving extra due to being a working partner?