Q: I have recently moved into a house which forms part of complex and is run by a body corporate. The house belongs to my wife in a Family Trust, however I pay the expenses to run the house. I have just recently found out that the monthly levies I pay includes a portion which is allocated to insurance for the home. I was unaware of this and thought that the home was uninsured.
Please advise on what I should do ?
Q: Standard bank charged me an honoring fee of R100 which I don't think is fair. Why would they let a transaction go through if my bank account didn't have any funds?
I tried contacting them but they declined to reverse the transaction. I have a normal debit account. Anyways I am now due to pay them this fee of R100. Can I pay them with haraam interest money?
Q:
1. Is it permissible to take part in a lucky draw where the participant pays a fee for a ticket and thus enters themselves into the draw where the outcome would be such that they would receive a prize?
2. Is it permissible if the ticket is purchased for some event, (e.g. a dinner) and thus results in the person becoming part of the lucky draw?
Q: Please advise the best ways (most recommended ways) to spend/dispose of interest money earned from a bank savings account?
Q: If one took a riba based loan, and he repents, should he repay only the capital portions of the loan or also the interest on the loan?
Q: Two parties want to enter an agreement: Person A wants to loan money to Person B.
The amount is marked up by 10% and the repayment is over a fixed period e.g. 4 years.
If there is a clause in the agreement to say that if you pay by 3 years, you will get R2000 back.
Is the rebate of the R2000 clause permissible? Is the allocation of marked up shares permissible?
Q: I have had some interest money which I gave to a paraplegic in a wheelchair at our local mosque. I didn’t tell him it was interest. I did not expect any sawaab for this. He made so much of dua for me and I kept saying آمين.
Is his dua acceptable and is my saying آمين acceptable.
Q: Previously I should donate any interest accrued monthly.
My father said I rather keep it because he will be buying a big property within a year or two, and we can use the interest for paying the property taxes, municipal rates, etc. which are exorbitant.
Would this be okay - to withhold the interest for sometime with the intention of paying taxes?
Q: I have the following queries regarding the U Count rewards from Standard Bank. I do earn these points but do not use them as per your previous fataawa that I read on your website.
My questions are as follows:
1. Can I purchase items from the U Count participating retailers e.g. Makro and give these items to my helper who is a non-Muslim or any Muslim person or any Muslim organization e.g. a Muslim orphanage?
2. Can I purchase items for me e.g. R1000.00 using the points and then take R1000 in cash and give it away to any Muslim, non-Muslim or any Muslim organization?
Q: I have a great academic background and I want to continue my studies abroad. The country I am currently living in is Afghanistan, so my financial circumstances are not good and for continuing my studies I am not going to be able to pay for my education expenses.
Can I get a loan and this loan has been accompanied by interest. Studying abroad is my dream and I can make my future through this. So can I get the loan?