Business and Dealings

Exchanging gold for gold

Q: I had a gold chain which I traded in to the goldsmith for a new chain which he is going to make for me. The new chain might be a bit longer than my original one which I traded in, therefore, because the weight of the new chain is more, I will have to pay him a little extra money.

At the moment, my original chain is with him, and I will only take my new chain from him when it is ready. Is it permissible for us to do the transaction in this way?

Sub-leasing

Q: We have been running a shop for the past 8 years. We have been paying a monthly rental subject to a 10% yearly increase. However, during the last year, after the increase, we have been paying say R10 000. Due to rising costs, etc. we decided to physically split the shop in half and give it to our neighbour for R9000. We had the permission of the landlord to do this. This effectively meant that we were now paying R1000 for our portion which is quite a bargain. However, now the landlord says that what we have done is not Shari’ah compliant. We would like to know whether it is permissible or not.

Purchasing shares in a property rented out to a supermarket with a liquor department

Q: Someone has purchased shares in a property that has been rented out to Checkers. Will the rental income derived from this property be permissible, bearing in mind that Checkers has a liquor department within the store? Someone said that since the majority income is from other permissible items, the rental income is permissible. Please clarify.

Cancellation of a transaction upon a specific time limit

Q: I want to sell a piece of land. The total price is R1.5 million. The buyer will pay me a 33% deposit as an upfront payment and the rest within 6 months, and then only will I hand over the land papers and land to him. If the purchaser fails to give me 67% within these 6 months, the sale will be cancelled and the purchaser will lose the 33% deposit. Is this clause permissible (forfeiting the initial deposit)?

Selling sweets for a madrasah

Q: I am standing at a stall in a madrasah and selling things for the madrasah such as sweets, etc. The items do not belong to me but to the madrasah. Can I purchase items for myself from the stalls, or would this be impermissible since I would, in essence, be the buyer and the seller at the same time?

Working in a bank

Q: I want to ask that I am working in audit firm and currently I have to audit different clients. Currently I am in bank audit. Can I drink water from bank premises as mostly income of the bank is based on interest and whether I can eat t​he foods from the money which is given by bank to my firm and my firm gives us to utilize for foods and dinner etc as we have to work late night.