Business and Dealings

Q: My question is regarding haraam income. My uncle used to run a sharab shop (bar) but now he is no more. He had taken a loan and there was no one to return the loan so my dad took the responsibility to return the loan but my dad got involved in the sharab shop (bar) and started to return the loan. The entire loan is returned but my dad is still working in the sharab shop (bar). Please suggest me what I am do. He provides haram income to my family members, friends, relative and also myself.

Q: A person leases out his property to someone. He tells the lessee that the monthly rental will be 5% of the turnover the lessee makes while trading during each month. Is it correct for the lessor to charge the lessee a rental based on his turnover?

Q: I have a small problem. This morning I went to do some shopping. While parking, I misjudged my turning and by mistake I scraped into the car next to me. It was a very small scrape, maybe just a touch up would fix the problem on their car. Due to my financial situation I got scared and drove away without informing the person. However I am now feeling really really guilty about it and i fear Allah's punishment with regards to it, like I am scared Allah will take away barakah from my wealth that I have left or something else will happen. What can I do to fix this situation as I was scared to wait for the person to tell him what had happened.

Q: I have an approximate amount of 2.6 million in an investment with Al Baraka bank,with a monthly return plan. Do I need to give zakaat on it? If so, how much and how do I calculate?

Q: If we interpret various Fataawa then it seems we can purchase shares and then sell them. But some people say that if you purchase the shares speculating that they will go up and sell within few minutes or after an hour or after some days then it is gambling. They say that the sole purpose of share buying should be the partnership of the company. If we are buying shares in anticipation of getting higher price afterwards, it is haraam. According to some muftis the sole purpose of buying the shares should be the partnership in the company and not trading. My question is can I buy the shares of a permissible company and then sell it when the value goes up?

Q: We have customers who buy on credit. Is it permissible for us to tell them that we will give them a discount if they pay before the due date? For example, the customer purchases goods worth R100 000 on a three month credit basis. The customer is told, “If you pay within one month, you will receive a 10% discount”. Is this permissible? 

Q: Someone who works at a store whose main commodity is alcohol recently went for hajj. When he returned he bought us some dates, a prayer mat, tasbeeh and some zamzam water. Can we use these items knowing his income is derived from selling alcohol?

Q: Please advise if it is permissible to invest in gold stocks for companies owning gold mines, gold mutual funds, exchange traded funds or does one need to physically have the gold in one's possession?

Q: I bought a property from friend. We agreed to close our deal a year later. I paid him 40,0000 $ advanced. We signed a legal binding agreement. All good. After one year I asked to close our deal and he started asking more money. Property value gone up. I told him no, you are breaking your promise and agreement. He put pressure on me. Literally black mailing me. Otherwise I go to court and suffer more financial hardship. I surrender and promise verbally to pay 40k extra by taking a loan and paying him off. Now the deal is closed and I feel I should not give extra money that I don't even have but I feel bad that I am breaking my promise. Also I felt I was cornered. Please help me what should I do?

Q: A person wishes to purchase some goods from a certain furniture store but does not have the money at present. The seller tells him that he can buy the furniture on lay-by. Will it be permissible for him to purchase the goods on lay-by and how does lay-by actually work? Through lay-by, does one become the owner of the goods immediately or only when the goods are completely paid for?