Business and Dealings

Q: 3 Companies were invited to construct a building. They were invited which would mean that they are all of equal stature. We were all in by the client prior to the tender closing and where the client advised us of his needs. We received the tender results but were advised a few days later that all three prices were too high for the client. I asked asked if we could assist and negotiate with the client to lower our price to come in line with the client. We were then advised that the client had negotiated with the company that had the highest price. It is common knowledge that the client and this contractor are friends and possibly family. Is this Nepotism and is this allowed in Islam.

Q: There is an online app in which you get a daily job by investing some money by liking and subscribing to different YouTube channels and uploading them to the app. It gives daily money on account of investment. Like invest 15000 rs and have to do 10 daily tasks and get 600 rs daily. Is it halal?

Q: Is the following condition permissible ?

Contribution of R50 by the employee to a charity for any errors/mistakes at management’s discretion. "The Company" will be the representative of the employee and will handle any relating contributions.

DECLARATION:

I ______________________________, approve "The Company" as my representative to contribute R50 to a charity of their choice from my wage/salary for any errors/mistakes committed.

Q: Zaid sent a parcel of GBP in cash to Bakr, with the intention of selling it to him for ZAR. Bakr inspected the notes, because some of them were old, and they both agreed on an exchange rate.

After a few days, Zaid subsequently sent his agent to collect ZAR notes from Bakr. Bakr did not give the entire amount. After a week, Bakr made an EFT of the remaining amount in ZAR.

(1) What is the status of the ZAR notes received from Bakr? If the money is haraam, what should be done with the money?

(2) What is the status of the money received via EFT from Bakr? If the money is haraam, what should be done with the money?

Q: Is it permissible for me to lend someone money as a personal and ask for a profit in return. (The money will be used for business - I am not asking for a profit from the business).

The profit on the loan is fixed at 10% per annum. Then another 10% is added to the outstanding balance at the end of each year until fully paid. The term is fixed for 6 months to repay the loan.

Q: My brother is living in Saudi Arabia and I want to purchase a house in Pakistan. For that I need a loan from my brother of 75000 PKR per month from 2015 to 2018. The total amount he paid to me in this period is 2,400,000 PKR. Now in July 2023, he sent me the loan details which is extactly what I took from him but in addition that he wants all his money in Saudi Riyals as he sent this money from Saudi Arabia. Please guide me on this.

Q: My brother has a crush plant business in Liberia (West Africa). The country is corrupt to the core and there are multinational companies there working in the construction sector. They need crush material but the fact is that management in these companies is of local population and mostly corrupt. They say if you want us to buy crush from you then you have to decrease the rate per load and then adjust this as a personal commision to us.

Lets say if 1 load is of 600, they say we'll buy it from you for 550 but in documents i.e, qoutations to company you'll write the rate as 600. So the company gets 1 load of 600 and my brother gets 600, from which he has to give 50 per load to management unofficialy as a commission.

Is it permitted as it is nearly impossible to get any contract with out this. The company gets no loss or money damage from this nor any other individual except my brother himself. He has to sell the item of 600 to 550 and give extra 50 to management to pursue the contract.

Q: I sell clothing, shoes and bags as a way to earn an income. I advertise items, get orders, the customer pays then I buy the stuff from the supplier and send it to the customer. My profit is maximum 30%. I would like to know if what I am doing is permissible?

Q: Kindly advise if it is permissable to give money which was earned through interest to another person who seeks help to settle his loan with the bank?