Q: It has come to my attention that my father pays home and car insurance. Is it permissible to make use of a car that insurance is been paid on? e.g. to use the car to go for Salaah, to do necessary shopping etc. Is it permissible to live in a house that insurance is been paid for?
Q: My father started a business, but after some time, one of his staff engaged in fraud, causing the business to become bankrupt. Now, because my father owes money to many customers, he took a loan from the bank to pay them back. However, this loan is accumulating interest which my father will have to pay to the bank. Can I use the interest money that accrues on my account which is separate to my father’s account, to pay the interest amount that my father owes to the bank?
Q: I am investing 10 lakh in my own company and apart from the salary, I am taking interest of 1 % month to month. I am day to day involved in the company's success. Is it jaiz?
Q:
1. Is it permissible to take money from an NGO or Charitable trust for medical treatment (Person who needs the money isn't capable enough to manage the expenditure)
2. Can we use interest money (Savings Bank account) for medical treatment of poor people.
3. Is it permissible to use money from interest received from a non Islamic bank for the purpose of construction of his/her own toilet.
Q: What is the fatwa in detail regarding health insurance?
Q: Can we give the interest money to the poor or needy?
Q: Can we pay the 'chartered accountant' his fee hired for calculating the income tax and filing its return from the 'interest money'?
Q:
1. Is it permissible to use interest earned on a bank account to donate to charity?
2. If so, can you then invest the interest earned into a separate bank account so as to let it accumulate so an even bigger amount can be donated in charity?
3. If not, what are some of the many ways in which one can dispose of interest received?
Q: I want to know about the Merchant Cash Advance from Shopify is halal or haram. Below are some details about the advance money they give, A merchant cash advance is a lump sum (called the amount received) that you receive from Shopify Capital in return for selling to Shopify Capital a set amount of your future sales revenue (called the total to remit). The amount received is deposited into your business bank account, and then a percentage of your daily sales is remitted to Shopify Capital until the total to remit has been completely remitted. For example, Shopify Capital might advance you $5,000 to purchase $5,650 of your future revenue, with a remittance rate of 10%. The $5,000 amount received would be delivered to your business bank account, and Shopify Capital would receive 10% of your daily sales revenue until the full $5,650 total to remit has been remitted. There is no deadline for remitting the total to remit to Shopify Capital. The daily remittance amount is determined by your store's daily sales, since the remittance rate is a percentage of your store's daily sales. The remittance amount is automatically debited from your business bank account. Shopify Capital is offering advance amounts between $5,000 and $50,000. The total to remit and remittance rate depend on your risk profile.
Q: I live in India, and employed in a company. I get my salary in cheque which would be deposited to my 'saving account in the bank'. It generates interest after every two or three couple of months according to the norms. I pay income tax on my salary and if the interest that is generated reaches a particular amount then I have to pay tax on that also. My question is: Can I use that interest amount in exchange of the income tax I pay?