Business and Dealings

Stipulating the profits in proportion to the investment

Q: I have a question regarding an investment I made. I invested an amount with an owner of a clothing shop and it was pre agreed that I would receive a set amount of the profits on a monthly basis which I did for a few months. Recently the shop has been doing bad and the owner decided to sell it. Initially we verbally agreed that if for some reason the shop closed he would return the amount I originally invested to me. I am still waiting for my funds as we had not set a time frame. I would like to know if such an investment was permissible and whether the money I originally invested is still halaal for me to use (when I receive it)? I am asking as I am planning to use the money for Hajj insha-Allah one day and don’t want to be in doubt.

Dealing in gold

Q: There is a company that carries out gold trading. I will pay them some amount and they will open a gold account for me. Gold rates are linked with the real gold rates which are current internationally. When I buy gold from my money, this gold is not physical. Rather, it is just the value of the gold that reflects. If I want to sell that gold, I can get my money back (not the gold) to my account. It could be profit or loss.

Income schemes

Q: When my father was alive he was on a good job but side by side he had an amount in regular income schemes from where he used to receive a certain amount monthly. Now as he has passed away, this amount from regular income scheme has remained the only way of earning. My question is that, in the case, is it permissible for me to go to my mother's house and eat there. I am happily married alhamdulillah.

Paying back only the principle amount in an interest bearing loan

Q: My dad took a credit card back in Oman and told us that he is taking it for emergency purposes and told us that he will pay back the bill within 52 days as to avoid interest according to the bank. We lately moved back to Pakistan and used the entire credit card while coming and now we have the money but 52 days end on this 15th and we have kept the money but can't find any source. So If God forbids we can't pay back before the 15'th and the interest is charged and if we only repay the principle amount but not the interest, will we be punished? Is it haram?