Business and Dealings

Interest

Q: If we deposit some of our savings in a bank account for our children and years later we get that back with profit, is that profit permissible and how does is differ between a boy and a girl?

Ebucks

Q: I just wanted to ask I have Islamic banking with FNB and earn ebucks when I swipe, would it be permissible to use the ebucks earned?

Commission

Q: A friend and I want to sell cars together. He has the experience in buying and I have the cash. This is how we wish to work.

1. He will find me the right car that is worth buying to resell.

2. I must buy the car myself with my money.

3. He will find me buyers.

4. I must sell the car myself to the buyer.

5. He (my friend) will get a cut from the profit of the sale.

Is this way of dealing correct? He will not put money in, but will basically do the work of finding the supply and buyers. I must do all transactions, If I loose for some reason he will not share the loss. He will only take a share in the profit of a winning deal.

Signing a letter without reading it

Q: I moved to another house and my previous landlord kept my deposit and they made me sign a letter that I did not read. That letter was mandatory to sign to vacate the house. After moving to another house, they sent me a letter and said I pay some amount of money for cleaning the previous house. I want to ask if I will not pay that amount and I signed the paper (which was mentioned to you above) so it is dishonesty or a sin?

Subscribing to the Medical Protection Society (MPS)

Q: Certain doctors apply for jobs in private hospitals. The requirement for getting the job is that they need to have membership with the Medical Protection society (MPS). If they do not have such a membership, the hospital will not employ them. Monthly payment is made and in return the medical practitioners/doctors receive advice and direction in the medical field. The MPS also pays for legal claims against the practitioner/doctor. Is membership to the MPS permissible or this resembles insurance?