Interest and Gambling

Q: Is life insurance allowed in Islam?

Q: A business bank account was opened with Nedbank. Upon opening the bank account an investment(call) account had to be opened in parallel( for international money transfer ). The investment accounts generates interest. Can the interest be used to offset bank charges?

Q: A person bought a commercial property for R10 million, and the replacement value is approximately R15 million. The current tenants will not sign a new lease unless building and third-party liability insurance for workers is covered. In this case, can the owner of the property take out an insurance policy?

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?

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.

Q: Is giving haraam money (riba) to someone else haraam? And is it haram to receive the haraam money that someone gave him?

Q: Does Islam allow us to take out marriage and education insurance policy for our childrens future?

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.

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

Q: Kindly tell me if insurance is permissble in Islaam.