Woman opening a shop in front of her house
Q: I am a married woman and with my husband’s permission, I would like to start a grocery shop in front of my home. Is this allowed in Islam?
Business and Dealings
Accepting payment from student loans
Q: I have a question regarding student loans which are taken from universities. If say for example someone owed me a couple hundred pounds and they give me the money from their student loans, is it halal for me to take that money.
Taking out life policies to pay estate taxes with the payouts
Q: Is it permissible to take out life policies with the only intention that the payouts will be used to pay estate taxes?
Income of a person who writes novels
Q: My son is a free Lance writer.He has an account on "up work". Clients contact him and give him a plot of novel or short story.He writes the novel or story for them.Then they publish it with their own name. These novels are usually based on fantasy and horror. I am not happy with this,but my son has bipolar disorder.He feels good and normal while writing. I want to ask you if I can use the money earned by him (by writing novels). Can I pay my electricity bill with this money. Sometimes he brings eatables for his younger brother or sisters, should I allow them to eat it.
Online stock trading
Q: The question is regarding online stock trading. To understand below are the few details:
CNC (Cash and Carry): Delivery trade using CNC with no leverage. Once bought, shares will get delivered to your demat account and if sold, shares will get debited from your demat account.
MIS (Margin Intraday Square off): Intraday trade using MIS for additional leverage between 9:15 AM and 3:20 PM. All open MIS positions get squared off at 3:20 PM.
The Question is regarding CNC and MIS. MIS is Haraam as the stocks will be squared off by the broker if not sold on the same day.
Regarding CNC I want to make it clear. When we buy the stocks via CNC The stocks will be confirmed like a bill generation and we get the right to sell it in the next minute and also if we want we can keep the stock for selling it later. Please let me know, whether we can do this delivery based trading or not? the complete rights are given to sell to buyer.
Purchasing from a dishonest shopkeeper
Q: A certain man, who is known for corruption and dishonesty, has a shop. Can I buy anything from his shop?
Fixed profit returns on gold investment
Q: I want verification about the recent online gold investments (Dubai gold souk, golden premier club, etc.), where you invest a certain amount of money and wait for some weeks to get back your money with a fixed profit of like 100%/50%/150% etc. Is this ok in Islam or is it forbidden?
Income of a nasheed artist
Q: Is it permissible to earn a living as a nasheed artist? One will get paid to sing at shows, etc.
Sharing losses in a partnership
Q: One Christian man invested in my business but unfortunately the business suffered a loss and I was in debt of 1 crore. This Christian man told me to give him interest every month and he put pressure on me and my family. What can I do according to shariah?
Takaaful
Q: I recently heard about Takaaful insurance and was interested in taking out a scheme to cover my home, business, cars, etc. Takaaful claims to be fully Shari’ah compliant, but when I went to the Takaaful website and saw the different schemes that they offer, I couldn’t see any difference with normal insurance. Also, when I dialed the number on their website, I reached a conventional insurance company who told me that Takaaful is part of them and operates under their license. Can you please explain to me whether Takaaful is permissible or not. Jazakallah.