Business and Dealings

Q: Is it permissible to accept, keep and live in a property gifted from an apostate?

Q: My relative works in a IT company owned and run by a Muslim in America, and has an office in Pakistan. It has a major website selling apparel and bags. In this site, they are also specifically selling wine glasses and promoting it as for drinking wine. Is it permissible for him to work in this company?

Q: I have recently opened a bank account and the bank has a scheme for all its customers where one account number will be chosen in a lucky draw... The account holder will receive some price money.

There is no payment required to be a part of this lucky draw.

My question is, if someone wins the prize money... Is it halaal to use this money?

Q: Will the Albany bread competition below be permissible?

By purchasing four loaves of bread and sending through the unique codes (the codes are sent by SMS charged at 40c for every 20 sec), one will be eligible to receive a free loaf of bread. Together with this, one will be entered into a draw for other prizes. If a person enters with the intention of receiving the free loaf of bread only, will this then be permissible as the loaf of bread is a guaranteed prize?

Simply buy any 4 of our participating promo packs.

You’ll need to successfully collect 4 out of 4 unique codes in order to claim 1x free Albany loaf voucher.

How do you claim yours?

Buy 4 Albany loaves. Find the unique code in the pack. Dial *120*12214# and follow the prompts to enter your code. You’ll receive a wiCode SMS voucher to the value of R16,50. Each unique code entered is another chance to WIN R5000 cash daily and one of 1000 School Essentials vouchers valued at R200 each and one of 1000 more School Essentials vouchers. Once you have received your R16,50 wiCode SMS voucher, you’ll have 14 days to claim your free bread from participating outlets using your wiCode voucher. Every 4 codes entered is another chance to claim another FREE loaf of Albany Bread and every code entered is a chance to WIN daily R5000 cash daily.

Q: Please help with the following:

1. Compulsory company provident fund cover in the event of death, disability, retirement, dismissal, resignation. Is it halaal or haraam?

2. Liberty Life, Life Cover. Is it halaal or haraam?

3. Sanlam Retirement Annuity. Is it halaal or haraam?

Q: Is it allowed to manufacture coffins as a business?

Q: I am not too convinced with the present day Islamic finance which is applied in the conventional banks as well as those with Muslim names.

Similar is the issue with stock markets. One point that I have totally failed to understand is the concept of permissibility in investing in those companies which deal in interest on condition their interest earnings/dealings is below 33%.

By me buying shares in a company, I become a co owner. So being a co owner in a company dealing in interest is permissible as long as it is registered as a public limited company.

But then why is interest not permissible for me as a sole trader. If I have a shop which I run by myself then why can't I take loans and invest in interest based instruments and make sure it doesn't exceed 33%.

I am genuinely confused and have failed to understand the rationale in this 33% concept. Buying shares in a public limited company is permissible even if it deals in interest as long as it is till 33%. But by myself i can't be a sole trader doing the same. Please explain to me as i am really confused.

Q: Is it permissible to purchase from a shop that is Christian, meaning that it is called Christian Arts and some items sold have biblical quotes. However some items have words like “Be Grateful” and are not biblical. Please advise.

Q: Is Dropshipping allowed in Islam?

Q: Is forex trading using an Islamic broker account permissible?