Business and Dealings

Q: Is it permissible to allow a liquor store or other haraam shops to use your property and you collect rent from them?

Q: My husband works as an insurance agent. If he invests his earnings in a business or buys a house to give on rent. Then is the profit acquired from such business or the rent got from the house going to be halaal for us. If not then why, because we are all depending on him? Please answer in the light of Quran and Hadith.

Q: I have decided to terminate my partnership and need help regarding the following:

1) We will be finalising the balance sheet and come to a nett figure. Is it correct to calculate the nett value of the business after depreciating all the assets to current market value?

2) All accounts receivables will be calculated at 100% recovery rate less standard discounts that clients would normally take. This figure will than be used as the nett value against monies receivable. The partners agreed to this recovery rate.

3) The partners have agreed on a repayment plan.

Is the exiting partner entitled to a profit share whilst the outstanding monies of his hasn't been paid from the business. Does this apply whether the exiting partner comes to the work place or not. We understand that as partners we are not entitled to a fixed salary but rather to profit share.

4) Is charging for future earnings permissible. Is there any kitaab that we can read that will have shariah rules to answer all the complexities of desolving a business partnership. May Allah Ta'ala guide us all.

Q: Is third party insurance permissible for vehicles?

Q: I would like to know if I get a job as a financial advisor which involves the selling of life cover, non-shariah compliant investments, etc. Would the money earned from this occupation be halaal or haraam?

Q: I had deposited jewellery in my friends house and he says it is stolen and he also says he doesn't remember me giving the jewellery but he is ready to pay the amount for that. Should I accept the money from him since he is not sure who has stolen it and vaguely remembers that I have given him the jewellery. Is it permitted for me to take money from him and if yes how much to take?

Q: Is it permissible to do riba transactions with non-Muslims in daar-ul-harb?

Q: What is the Islamic ruling on Black Friday? People worldwide consider it as a shopping day. Can Muslims partake in any promotion that is targeted or attached to this day?

Q: When a customer returns an item that got damaged while in his possession after he bought it, do we have to give him a full refund or can we deduct the amount of the damage?

Q: Is it permissible for the lessor to charge the lessee a rental based on his turnover in the case where they fix a ceiling for the maximum rental and they are both pleased with this type of agreement? Some people say that it is permissible, even though the rental is not fixed. They compare this to the case where one hires a rep to sell one’s merchandise and pays him a commission based on the sales he does. Just as his wage is not fixed, but is determined through his total sales, similarly determining the rental of a leased property through the turnover should be permissible. Is this view correct?