Business and Dealings

Q: Is it permissible to work at a bank in the fraud investigation department?

Q: A young man gets a car from his father. The car is registered on the father's name though. The father takes out insurance on the car against the young man's wishes. The young man meets in an accident costing 50 000 for the panel beaters. Now he has to claim from insurance since that's what the father had been paying for etc. Later, the cars window gets broken, the young man wants to pay for it with his own money to avoid getting involved in haram insurance, the father gets it repaired with insurance. Through this the young man had to become involved in the transaction because he had to take the car in, get quotes etc, because it's his car, would his involvement in this respect be sinful? What should he have done otherwise

Q: I would like to know if the Ulama know of any business/firm or entity in which an actuary can practise his/her profession at?

Q: I have some money in the form of foreign currency which I bought for investment purpose a year ago at 15.75/ unit of currency. Now one of my friends needs some money and he approached me to lend him some amount for a few months. As I don't have money in the form of Pakistaani Rupees, I told him to take foreign currency from me and get it exchanged with Pakistaani rupees. But I put one condition that I have bought that currency @ 15.75/unit and now the market rate of that currency is 13/unit. I gave him 3000 units of currency no matter at which rate he will sell those units in the market but he will have to return me the money @ 15.75 on which I originally bought that units. For example if now he sold that 3000 units @ 13 in market he will get Rs.39000 but he will have to return me the money @ 15.75 which becomes Rs.47250. Is getting that extra amount justified by Shariah? Is it a Halaal transaction to do?

Q:

1. Say I place advertisements for commodities that I do not have possession of. The advert will not mention that I do not currently possess such items. Anyone seeing the advert the will be given the impression that I do possess such items, but no lie/deception will take place. Then when customers contact regarding these products I will take down their orders, but not take payment. Only once I purchase and physically possess these items from my supplier, I will then contact the customers regarding payment. Is this manner of advertising commodities that I do not have possession of permissible?

2. After paying the supplier for the product, the supplier sends it to me via a courier company. Whilst this product is still travelling to me across the country in the possession of the courier company, but nevertheless after I have paid for the product, can I sell such a product to a customer?

Q: I lost money from my hand bag which I failed to zip up properly when in the shop. Will this lost money be counted as a form of sadaqa for me?

Q: I need my cousin to invest 50 000 for a service that I offer which is finding clients for private electricity pay as you go meters. My cousin is asking me to pay him back with extra benefits (cash) which I think is above the loan amount. Is there a special deal we can make to meet his requirements because I really need this as capital or is borrowing from absa shariah loans a better way to go?

Q: My cousin needs to buy transportation for his business and needs money. He said he will give a fixed small amount of money every month from his income until he returns my complete money. He will not accept the money from me for free. So is it permissible for me to accept the extra money that he will be giving me?

Q: What are the rules and guidelines that have to be followed for a bank to be Shari’ah compliant? When dealing with the bank, how do we judge whether the dealing is permissible or not?

Q: I am a student of engineering and in the last summer vacation I worked in a computer repair shop and I earned money by assisting , installing programs and anti-viruses (paid and free versions ). I also unlocked mobile passwords (may be stolen or not, i was not sure), and broke the anti theft systems of iphones, nokia mobile phones. i earned for about 500$ and from that money i was confused whether it is halaal or haraam. I told the customers that the program was pirated version and still they paid me for installing it. Now is the earnings from installing pirated windows, anti-viruses, and programs haram and if it is then I have already spent all of that money maybe 100$ in mosque and charity, and 130$ watch for my dad ,120$ microwave, then I thought that giving 130$ from my dads money will make it ok to get his watch used by him, hence my father gave me 130$ and I gave that in charity. Now I have a guilty conscious whether my fathers watch is halaal or not, please guide me. Will giving the same amount of money in sadqah of the things I bought from that 500$ will make it halaal. There were times I took money for some services like fixing etc, hence not all money was from pirated software and neither all of it is from unlocking locked smartphones and neither all of it was from pure fixing.