Interest and Gambling

Paying for one's studies with haraam money

Q: My questions are regarding haram earnings and investing it in education. I have learnt that investing haram money in a halal business is haram, and any remuneration is impermissible. This is what I understand.

1. If someone invests haram money in education by purchasing a course(s) that are permissible to study like language, science etc. and then they go on to study a degree also bought with haram earnings, will the knowledge that they acquire be permissible for them to use?

2. What is the status of the certificates and/or degree gained? Are these things haram for one who acquired them to keep or show employers?

3. And if he goes onto use this knowledge in a profession like medicine, teaching, engineering etc. will his earnings be haram? For example, he studies GCSE's, A-Levels, then goes onto study a degree in physics and then becomes a physics teacher after qualifying; will his earnings be haram after he spent haram earnings on all his previous courses?

Is modern day interest haraam?

Q: I would like to know if riba falls under the category of western interest? A lot of scholars have said that it does not and it is permissible. I would like to know the reasoning behind this and why it is or is not permissible. I have been reading a lot about this topic and when the word riba is translated it can have a large number of meanings.

Conventional Insurance, Medical Aid, Hospital Plan and Takaaful

Q:

1. I purchased a business and wish to insure it. What is the Shar‘ee ruling regarding insuring one’s business? Similarly, please explain the law of insuring one's vehicle.

2. Could you also explain to me the Shar'ee ruling regarding medical aid and hospital plan?

3. Is Takaaful insurance permissible? I was informed that this is an Islamic insurance and is therefore permissible.

Betting

Q: Is trading halal? Like the website I am using is IQ Option. Where you bet the price on 4th decimal of the rate.

Paying interest

Q: I am a 26 year old man with a job in the I.T field alhumduallah. I am currently living with my family and they are making lots of plans to buy a building with interest. They have already found a building and are planning to move in and live there. I don't want to be apart of interest and i never imagined being in this situation. As the youngest brother(i have 3 older brothers) my opinion doesn't hold much weight in the family. They think i dont know anything. They would like me to help with the payments in order to pay the building off as quickly as possible. Will i be sinfil for helping them make payments and what is your opinion about living in a house in riba? I can take care of myself as i am financially stable. And my teacher also said i can live at his madrasa for free and he recommended me to ask you. The biggest problem i see is that if i move out it may mess my relationship up with the family. 

Prize bonds

Q: Is buying prize bonds permissible in Islam? Provided that no loss of money is faced by the buyer as the money of prize bonds can be refunded. Explain this in the light of Quran and Sunnah.