Trade

Selling musical instruments

Q: I am in the business of selling sound equipment like speakers, mixers, and amplifiers. To remain competitive. I feel the need to offer a wider range of products, including musical instruments, despite knowing that music equipment may be considered haram. Given this, I have a few concerns: 

1. Is it permissible to sell musical instruments under these circumstances? 

2. If the income from selling such items is haraam, can I use that money to pay taxes? 

3. If selling musical instruments for profit is not permissible, would it be acceptable to sell them at cost price just to stay competitive in the market?

Selling various products via Whatsapp or a website

Q: 

1. I sell products from my business website. My supplier has 200 products. I stock 100 items but list all 200 items on the website stating 'available on order'. The customer purchases and pays for the item and I then order and ship it to the customer. Is this permissible? 

2. I post items on my WhatsApp for sale... Customers know I don't have the product. The supplier has numerous agents like myself who advertise and purchase according to order. Customers place orders and once I receive the item, they pick up and pay. Is this permissible or how can this be structured in a permissible manner?

Selling an item to someone not knowing whether they will use it for something impermissible

Q: 

1. Would it be halal for me to sell gold to a cash for gold place because there is a high chance they will sell this gold to a refiner, scrap gold buyer or so on and they might use this gold to make gold jewellery for men etc.? 

2. What about selling grapes to a business that sell grape related products so the grapes I sell to them can be used to make their grape juice or it can be used for their wine etc. Will the income be haram? Because I’m unsure what they will use it for.

Trading gold on the forex stock market

Q: I want to know if trading gold on the forex stock market is allowed? 

From my understanding... You are buying shares of gold that is in a gold bullion (equivalent to a shop). Gold prices fluctuate so you can either buy or sell gold daily... This gives u a profit/loss and you get your money daily. To know whether gold price is going to go up or down, careful market analysis is done daily to see where the support and resistance levels on the chart are. (So it's not really a guess or gamble if you read the charts according to what you learnt). The only time the market is unpredictable is when news events are on. Then the gold price does not follow the analysis (as business is unpredictable as well). 

I've heard that in order for it to be halaal, a physical exchange has to be done. But with today's technology, no physical exchanges actually do happen. Everything gets done digitally. 

So if physical exchange is a must, then are ALL investments haraam? Like the cattle investment, cattle feeding scheme investment, property investment and shares in big companies? Please advise

Trading on a crypto exchange group

Q: I have a question about a certain crypto exchange group called “mega”. Basically it’s a group that trades in a platform called “2139 exchange”. Me and my friends group joined this group because we did our research and we didn’t find anything haraam concerning it. But now I’m having some doubts. 

Basically a certain individual studies the market and predicts the direction of a certain currency and makes profits through the price fluctuations. The participants can join the trade through a futures feature and get a profit but he takes a percentage also when the participants withdraw their profits he also takes a percentage. So I want to know if it’s halaal or haraam because I heard some people saying it’s like gambling.