Business and Dealings

Q: I am planning on buying a new house that costs $250,000. However, I do not have enough money to pay the full amount up front and I do not want to pay interest on the house. The deal I have worked out with the company selling the house is that I will pay $300,000 for the house but I will not pay any interest. Meaning, I will pay $2,000 every month for 150 months for a total of $300,000. This way the company will make some money on the house and I will not pay any interest.

Is this a permissible deal for me to make?

Q: Say, suppose, I had borrowed some money from a certain person (not specific) about few years back. When I return the money to him, do I return the exact amount or should I include some extra amount accounting for the inflation that would have occurred during the years. Would including the extra amount mean I am giving interest and would it be a haram?

Q: I wish to ask whether working in an "Islamic Bank" is permissible under Islamic teachings. Please shed some light under Quran and Hadith.

Q: May I use interest money to pay airport taxes?

Q: If a person is in need of a car and he does not have the money to pay for it, can he buy it through bank finance?

Q: My wife wants to open a ladies’ beauty parlour where only ladies will work and only ladies will be customers. Is this permissible?

Q: What is the Islamic viewpoint regarding trading in cosmetics?

Q: I'm a sister with 6 kids. I live in usa and my husbands earnings are haram. He has stores that have alcohol and lotto, some pork items and some drug items and food as well, and he imports illegal cigarettes. Can I report him to the authorities about his illegal sale of untaxed cigarettes so they can strip him his licence for the alcohol and lotto and cigarettes so that our store can be halal. At least he'll reflect and can't return those licence. Can I do this for the sake of our income and spirit because he would not listen to me. He loves the flowing of the money and doesn't care where it's coming from.

Q: If a person has a debt owing to another person and they pay them back a little more than they originally owed them, e.g they owed £90 but gave them £100 back, out of nothing more than goodness, is this considered riba? Must the exact amount be paid back?

Q: I want to ask about the ribba free profit loss based Islamic investment. Currently I am interested in Meezan Bank Monthly Mudarbah Certificate, which states that its ribba free and bank becomes your partner on rabb ul mall and mudarib basis. Half profit goes to bank and half to the customer while the percentage of profit is changed each month according to profit loss base.

While if there if there is a loss, customer will also bear the loss. For your more information here below is the link for further review. https://www.meezanbank.com/monthly-mudarabah-certificate/ Please guide me if it is OK with islamic teachings and halaal?