Business and Dealings

Q: Is trading halal? Like the website I am using is IQ Option. Where you bet the price on 4th decimal of the rate.

Q: I have a shop in which I sell different types of toys. Some of these toys are action figures e.g. a famous wrestler, soccer player, movie character, etc. Is this permissible in Islam?

Q: One of my friends wants to open a store with me in a partnership. We will share the profits equally by each of us receiving 50%. However, my main store will supply stock for this store at a small profit to me only (to cover transport costs, wages for my workers who will be loading, offloading, marking, etc.). What is the Shar’ee perspective regarding this arrangement?

Q: Kindly tell me if insurance is permissble in Islaam.

Q: I am in the business of buying and selling car mags. A few months back, I sold a set of rims to someone for R1800. A couple of months later, I got a call from the same person asking if I want to buy these same rims back because he had no use for them. I made him an offer of R1200 and purchased them back. Is this considered as riba or is it permissible?

Q: Is it allowed to work in marts for packaging frozen or dry items which include all sorts of miscallaneous haram halal products like pork meat etc?

Q: I would like to know the ruling regarding a person who contacts the seller of a property knowing well that someone else is busy negotiating to buy the property. Is it permissible for the second person to approach the seller to offer him more to secure the deal?

Q: I am a bcom graduate. Can I work in Investment banks like Northern trust, BNP paribas?

Q: Is it permissible to sell firecrackers during Christian holidays and offer freebies to attract customers to come in the store. The money from the firecrackers will be kept separate. Can you sellitems that are not legal to sell and can get fined for if you ger caught? After doing the above, can you still praise Alllah for makeing your business so successful and giving you so much barakah in the rozi and even if you are paying taxes. Please clarify.

Q: What is the ruling regarding giving my domestic helper a bonus wage along with her wages at the end of the year?