Q: A person runs a business and sells goods to people on account. What provision does Islam have for this person’s security in terms of him getting his money on time as it is not permissible to charge a penalty upon late payment? Sometimes, the account can be so huge per month that it can bring his entire business to a standstill.
Q: Is it permissible for me to sell movies in my shop? Also, some customers have asked me to start selling magazines. The magazines they want are mostly filled with pictures of almost naked women. Is it ok for me to sell magazines like this if I make sure I don’t read it myself?
Q: Will the sale be permissible in Shari’ah if I give a free cellphone cover to every customer who buys a cellphone?
Q: I run a cellphone counter in town. Sometimes I sell a phone to a customer and he changes his mind after a few days and comes to return it. If he also returns the original packaging with the phone, I put the phone back in the box and re-sell it as a new phone. Is this permissible in Islam?
Q: Sometimes a few items in a batch of stock are slightly damaged. Do we have to tell the customers about the damage before selling the items to them?
Q: Ayyoob and Junaid each contributed R200 000 as their capital investment to start a business partnership. They both agreed that Ayyoob will work in the business and Junaid will be a sleeping partner. Is it permissible for Junaid to stipulate his share of the monthly profits as 60% (i.e. 10% more than his capital investment)?
Q: Muhammad and Mahmood started a business partnership by each contributing R250 000 as capital. They have mutually agreed that Muhammad will work in the business and Mahmood will remain a sleeping partner. In exchange of the work he does, is it permissible for Muhammad to stipulate an extra 10% of the monthly profits for himself over and above his 50% share?
Q: The stock, fittings, etc. in my business are worth R300 000. Is it permissible for me to charge R50 000 goodwill and sell my business for R350 000?
Q: Is it permissible to register a company name? Once registered, nobody has the right to use this name except myself. Also, what is the ruling regarding registering a product name under my name? After this, nobody can give their product this name except myself.
Q: 1. Is it permissible to package water, milk, and all drinks in the form of humans and animals?
2. If not, is it permissible to drink the water, milk, and all drinks which are packaged in the form of humans and animals.