Business and Dealings

Q: I used a blade without permission but that person owed me money worth more then the value of blade and I deducted value of that and forgave them. I was aged around 14-16 when I used the blade.

Q: I am a grade 11 student and I want to pursue accounting after school. I am just concerned about whether being a charted accountant is permissible in Islam as it involves recording interest bearing transactions. The accountant is not involved in the actual interest bearing transaction but all he has to do is record it on, the businesses financial statements.

1. Is it permissible to become a charted accountant?

2. Is it permissible to take bursaries from large auditing firms in SA. They offer to pay for all your studies and you have to work with them for 3 years after you qualify. Is it permissible to work for these large auditing companies e.g. Deloitte and Tousche, PWC OR KPMG. They audit the books of large companies that also use interest.

3. Would mufti saheb suggest becoming a charted accountant?

Q: We would like to know what's Mufti saabs commentary on FnB Islamic banking?

Q: I am running a (pcd) franchise medicine company. I get a tablet from company for a price of say 3 the mrp of medicine is 10 so I earn 7 but then I spend 2 from my profit and give it to doctor who is prescribing it then I give 2 to chemist outlet so that I get more orders from them. My question is "is it haram act" to share your profit to get orders in return. Please reply.

Q: I checked my bank statement and I realized that I consumed interest money unconsciously. What should I do to expiate it?

Q: I want to sell gems and precious stones. Kindly advise if it is ok to sell in Islam.

Q: Is it permissible to work for a tax collection authority?

Q: A diamond was purchased from one Muslim diamond dealer by another Muslim diamond dealer without a diamond certificate based on both diamond dealers judgments. The seller offered to send the diamond for grading and agree on a price afterwards but the buyer chose to buy it based on his judgment rather then a grading. If the diamond grading came better the seller wouldn't receive any additional cash and vice versa. On a value of 18000 the diamond dealer then viewed the diamond thoroughly and stated a slight flaw in the diamond which both parties agreed to reduce the price of the diamond to 15000. The 15000 was paid in cash to the seller. The diamond was then sent in for grading which took a period of time. The diamond came out as a treated diamond and an enhanced colour which was not known by the buyer nor seller. Based on the certification, the diamond value is only one 3rd of the price paid. Therefore the dealer that bought the diamond would like a refund on the diamond. What should be done and who should take the loss?

Q: Can you lease out a shop to a person who’s conducting church activities?

Q: I am a student and I lied to my parent on the amount of money I want to buy a book. So I collected the money from them and I bought the book but I invested the remaining money in a business and I am making profit but now I am feeling as if the profit and business is haram. Should I give the money and business to them in order to clear my sin?