Business and Dealings

Q: I am an accounting student and have little concern with regards to the system we make our payments and possibility of any interest involved in the payments. Our payments include the examination fee payed few days before the examination session and an annual subscription fee to remain an active student.

Firstly, the examination payments can be made in three periods. The earliest the payment made, the lowest would be the payment. However, sometimes due to late examination decisions the early payment period passes by and we have to make standard payment that is higher than early payment. Is the difference between the early and standard fee considered as interest? I have heard that all penalties arising due to late payment are haram and therefore the higher amount payed as a result of not being able to pay in the early period for some reason a kind of penalty. It is also possible that the extra amount is to encourage most students to make payment as early as possible.

Second, I have heard that the annual subscription payed every year to remain an active student involves interest. Is that true? This would be a lifetime payment even after I qualify to remain an active member. Does it involve any kind of interest or penalty?

Q: I am a mother of a 1 year old child. I want to do "educational insurance policy" for my son. Is subject policy allowed in Islam?

Q: I want to know about insurance. I live in Europe and majority of Muslims have life insurance. For example, if they die then the company will pay to transfer the body to their country. Is this a sin?

Q: What is the ruling on selling electronic cigarettes, an alternate for smokers.

Q: All my needs are being fulfilled Alhamdulillah. My brother's wife used to pay me pocket money every month. I used to take it. Then I was suffering from many things of her. She hurt my mother and many more things. We all forgive her. I forgive her but now I don't want to take money from her. Am I refusing to accept the risk from Allah?

Q: I have a question related to an old rented property system called pagdi system. My friend had a shop in 2002 and he wanted to give it for rent. But unfortunately the old pagdi rented system was imposed at that time and most of the properties were rented on this system. So he also accepted the pagdi rented system and gave it for pagdi rent based...

The rules in this system are mentioned below:

1) The total price of the shop is 200 000

2) The owner gets half of the amount 100 000 at the start of the pagdi rented system from the tenant

3) The rent was fixed at Rs 700 per month and after every 11 months 10% has to be increased. For e.g. If the rent was Rs 700 in 1st Jan 2002, then on 12th Dec 2002 the amount of rent has to be increased by 10% (700×10÷100=70)

4) So After 11 months, the amount is Rs 770 which again has to be increased by 10% after 11 months

5) The whole system is based on that and continues.

6) The amount of the shop now in 2017 is approx. 20 000 000

My question is that the Ulama gave the fatwa that pagdi system is haraam in Islam. All the pagdi system has to be ended and only the pure rented income is halaal. So after this, my question is that my Friend is the owner of the shop but the tenant left the shop in 2012 due to some personal reasons and also informed my friend who is the owner of the shop that he left the shop and he will come back soon but he did not come back after one year. He took out all of his furniture, assets and everything from the shop and also can't give any rent From 2012 to 2017  My Freinds Shop Was Closed And he did not get any Benefit from it He File the Case with the Court About all this situation And After Few Years The Court Ordered him the Case In his favour As An Ex Partee (Because the tenant Not Presented in Any Session of the Court) And My Freind Declared  as a Legal owner of the Shop  By The Court Of Law... It Is Halal To get The Shop In this way? Because We live in An Islamic Ideology State Pakistan And All The Rules & Regulation Of the Court Law is based on the Principles of Islam...

Q Is My Friend Feel Free In All this Way that it is Halal?

Q Is he be able to do his business in this shop According to Islam?

Q: I am trading in Indian share market. When I purchase a share it comes into my demat account (SHARE HOLDING ACCOUNT) after 3 days. Whereas when I sell the share it goes off from my demat account after 1 day. I know that it is forbidden to sell which is not in your possession. I have few questions in my mind.

1) As per the Indian stock market system I can purchase and sell at any time. But as per many Muslim scholars we should sell only when it comes into our possession. So I sell the shares after 3 days only though if I suffer losses. If I see losses then can I sell the shares before 3 days?

2) When the share are in my possession after 3 days then sometimes I want to sell it first and the buy it later on the same day. Is it a short sell? I want to clarify the mechanism for this scenario. I have 20 shares of xyz company in my account. I have sold it at higher amount and bought it at lesser amount on the same day. That means it should be deducted from my demat account and then again should be added to my account. As explained in point 1 it should take 3+1 day to complete the cycle. But this does not happen technically. Technically the shares remain my demat account. My question is- Is it permissible to do so? Or If I want to rebuy the shares then should I but it next day so that it goes from my demat account and then again comes into my account?

Q: I stay in a rented apartment which is being shared between six people including me. A few days ago my friend (ex-roommate) had come to stay at our place for few days, and as a good gesture my other roommates allowed him to stay, but due to some unavoidable circumstances his stay got extended by a week and hence my other roommates asked me if he could pay us a small amount as he is staying longer and facilities such as Electricity and water is being used by him. So I told my friend that he will have pay a small amount, he said how come we are asking him to pay and all, so I told him we will discuss it later in the evening as I was getting late for the office, meanwhile he messaged my other roommate and enquired with him why we want him to pay the share. Now that conversation went little wrong and later he confronted my roommate and had a quarrel with him in abusive language, that he won't give the rent share and said we are cheap kind of people who are asking for rent and left our place after that, later on he posted about this incident in a whatsapp group where all my other friend s are present and they all stared to scold us for asking him for rent share and the conversation here as well went wrong and people stared to abuse each other and I'm being held responsible for everything. Now my question here is:

1. Are we wrong that we are taking rent?

2. Has the person did the right thing by posting about the incident on that whatsapp group and abused us?

3. What could be done in order to neutralize the issue.

Q: I have an Islamic account with FNB and I receive ebucks for every time I swipe my card or buy things online. Please advise if I would be able to use these ebucks?

Q: I want your fatwa regarding the use of debit card. I understand that using credit card incurs interest when the withdrawn amount exceeds the amount in the person's account with the bank as the overdraft provided by the bank is charged with interest. However, the use of debit card withdraws amount only upto the amount present in the persons bank account and therefore no overdraft facility is provided. This means no interest is charged. I therefore want to ask, is the use of debit card lawful as per islamic principles and allowed? The amount payed on the issuence and renewal of the card is the cost of the use of the card facility as per my knowledge and does not involve interest. Please provide me a clear answer.