Business and Dealings

Q: I have to teach students the advantages and benefits of taking loan and paying interest as it is given in the syllabus of finance.

Example: When a Company takes a small amount of loan and pays interest, it gets many benefits like tax deduction on interest paid and other benefits... I am just teaching and it is my job. I am not paying or using or consuming interest in my daily life as it is haraam. Please tell me if I am doing any sin or I will be punished for just teaching the syllabus to students? 

Q: I am working as a Finance Manager in a company. I perform various duties of my job like Financial Planning Analysis.., and one such duty is to advise the company on raising of money for the business and I advised to raise from equity and debt (loans)

On my advice the company takes small amounts of loans and pays interest (riba). It gets many benefits like tax deduction on interest paid and other benefits... But the company has to pay interest (Riba).

Since India is Darul Harb, I have no choice of interest free loans. Moreover I am just advising and it is my job. I am not paying or using or consuming riba in my daily life as it is haram.

1. Please tell me If I am doing any sin or will I be punished for just advising the company? Because I have heard Hadees that all those persons are sinful if they are involved in riba related transactions and riba is haram.

2. Is my job and salary halal?

3. If I am earning 1000 Rupees for 10 hours daily and I performed this riba Advise work for 1 Hour and Earned 100 Rupees, is it compulsory to donate that 1 hour salary of 100 Rupees as charity ?

4. Can I perform all my other duties

Q: I have an interest loan which is fixed interest car loan. However i need a car for work and i am a salesman. I know this loan is haraam. I have asked family and friends to give me a loan but failed. Now I'm stuck with this loan and i would like to find out is there any place where i can get a sharia loan as i hate to be in interest. Please help as i have no barkat and i can pay any muslim willing to help me a profit rather than being in interest.

Q: We are 3 partners in a business. Two are complete silent partners. I am the only working partner. Is it permissible for me to draw out a salary in addition to my profit percentage that gets ?

Q: I would like to know where do I stand in a situation whereby my husband is in ownership of a shop. He has a manageress who is not in purdah and only hijaab. She is young. There are 2 other black workers with them. He communicates with her on whatsapp and phone about the shop. I am not happy as I believe that it is a dangerous situation whereby shaytaan can play a major role discreetly. He is adamant that nothing will happen. My opinion is to keep her on probation until a male is available which he refuses to do. Being an aalim I would have thought he would know better. Please advise as it is causing a lot of stress to me n a lot of arguments.

Q: I am a married woman and with my husband’s permission, I would like to start a grocery shop in front of my home. Is this allowed in Islam?

Q: I have a question regarding student loans which are taken from universities. If say for example someone owed me a couple hundred pounds and they give me the money from their student loans, is it halal for me to take that money.

Q: Is it permissible to take out life policies with the only intention that the payouts will be used to pay estate taxes?

Q: My son is a free Lance writer.He has an account on "up work". Clients contact him and give him a plot of novel or short story.He writes the novel or story for them.Then they publish it with their own name. These novels are usually based on fantasy and horror. I am not happy with this,but my son has bipolar disorder.He feels good and normal while writing. I want to ask you if I can use the money earned by him (by writing novels). Can I pay my electricity bill with this money. Sometimes he brings eatables for his younger brother or sisters, should I allow them to eat it.

Q: The question is regarding online stock trading. To understand below are the few details:

CNC (Cash and Carry): Delivery trade using CNC with no leverage. Once bought, shares will get delivered to your demat account and if sold, shares will get debited from your demat account.

MIS (Margin Intraday Square off): Intraday trade using MIS for additional leverage between 9:15 AM and 3:20 PM. All open MIS positions get squared off at 3:20 PM.

The Question is regarding CNC and MIS. MIS is Haraam as the stocks will be squared off by the broker if not sold on the same day.

Regarding CNC I want to make it clear. When we buy the stocks via CNC The stocks will be confirmed like a bill generation and we get the right to sell it in the next minute and also if we want we can keep the stock for selling it later. Please let me know, whether we can do this delivery based trading or not? the complete rights are given to sell to buyer.