Valid & Invalid transactions

Pharmacist receiving gifts from companies for prescribing their products

Q: I am working as a pharmacist in a big hospital. Our market is a generic market where the doctor prescribes the chemical name on the prescription rather than the brand name. The brand is selected by the pharmacist. The same medicine will be sold by different pharmaceutical companies under different brand names but will have the same chemical name. Example, the chemical paracetamol is in brand names like adol, calpol, panadol, tylenol, etc.

My question is that representatives from the pharmaceutical companies come to us and tell us that if we sell their company brand, they will give us some vouchers or a gift. Is taking this gift or voucher from the reps of the pharmaceutical companies allowed in Islam?

Buying back an item at a lower price

Q: I am in the business of buying and selling car mags. A few months back, I sold a set of rims to someone for R1800. A couple of months later, I got a call from the same person asking if I want to buy these same rims back because he had no use for them. I made him an offer of R1200 and purchased them back. Is this considered as riba or is it permissible?

Future trading

Q: I want to ask if futures trading is halal in Commodity Market. In my country Pakistan, this is allowed. Also, to make it clear this kind of trading has no interest (riba) associated to it. Its a contract to buy the commodity in future by depositing an initial deposit. Please advice. I am a sunni Hanfi.

Adding the condition "goods belong to the seller until paid for" in a sale

Q: Please advise on below:

1. Many companies state at the bottom of their invoice "goods remain the property of the above company until fully paid for" What is the status of the goods?

2. Is it amaanat or does ownership pass on to the purchaser? Is such a condition permissible?

3. Will the sale be faasid if such a condition is added?