Business and Dealings

Taking an interest bearing loan to save oneself from paying tax

Q: A person deals mostly in cash and does not deposit in the bank in order to avoid showing too much income and paying exorbitant amounts of tax to the government. However, he cannot purchase large items such as properties and cars etc as it has to be done with "legal" money.

The only way out for him will be to take a loan from the bank in order for his purchases to be recognized legally. He will offset the interest payable with the interest he receives from his bank account.

Can this be a valid excuse to enter into an interest bearing loan with the bank?

Using Smart Shopper points

Q:

1. Is loyalty points and the money attained by means of this permissible? Example: Smart Shopper points.

2. Also, if a person works for a company who reimburses him for his travel, will it be permissible to fill up at a garage which gives him points for his petrol.

Carrying out a credit transaction without the presence of witnesses

Q: I am in business of steel and rubber trade in which I used to give material on credit without any witnesses. Recently I heard a speech of a scholar that Allah will not hear your prayers if you had given credit without any witness.

Is there any remedy to my situation and also does the material on credit and money givien on credit come under the same ruling?

Buying stock from a Muslim who sells lotto tickets

Q: A Muslim shop owner buys stock i.e. cigarettes, cold drink, etc. from another Muslim but the person they are buying stock from is selling lotto tickets or gambling vouchers. The Muslim shop owner wants to know if they buy stock from the other Muslim owner that sells gambling vouchers or lotto tickets, would the stock they buy, as well as the income be halaal or haraam?

Accountant taking out a portion of his wealth and giving it to the poor for recording interest transactions

Q: If I work in an accounting environment where interest and insurance etc. will be recorded and calculated, will the tax I pay on my salary be enough to purify my income or should I take out a certain percentage every month as a way of purifying my wealth from Haraam and doubtful?