Using interest money to pay transfer duties
Q: In the case of a transfer of ownership of a property, can interest be used to pay the transfer duties (to SARS)?
Interest and Gambling
Opening a bank account in an Islamic bank and benefitting from their facilities online
Q: My question is regarding opening a bank account. I chose an Islamic Bank which had no offer if you open a bank account so it will not fall in riba. But some e-commerce sites associate with the bank and offer their card holders some offers like 10% discount. Now I see the bank I chose to open account in, most e commerce sites offer this to their card holders. If I open an account in this bank and the facility is available, will it be in the category of riba?
Using medical insurance that is part of one's employment contract
Q: Can I use medical insurance provided to me by the company that I'm working as an employee for my purpose ?
Paying interest on a bond with interest money
Q: My question relates to interest which was obtained unknowingly from my medical aids savings account. Can I use this money to pay it into my bond which generates a monthly interest fee.
Body corporate allocating insurance for the home in monthly levies
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 ?
Being charged dishonouring fees by the bank
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?
Purchasing a ticket to enter a competition
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?
Disposing of interest money earned from one's saving account
Q: Please advise the best ways (most recommended ways) to spend/dispose of interest money earned from a bank savings account?
Paying back interest when taking a loan
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?
Giving a loan on interest
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?