Business and Dealings

Working as a facility manager for a bank

Q: My son applied for a job as a facility manager in a habiba bank London where we live. He had an interview and now he has been offered a job. He did ask them about income. They said its not related to any finance department. His job will be working under someone else as a facility supervisor, building and outside jobs. He told me that he will not be working directly in finance. My concern is should he accept the job?

Applying for a job which one is not fully qualified for

Q: I want to ask that earning from a intercede (shifarish shuda) job is halaal or haram? I mean my friend was not fully qualified for a job actually government is equipping clerks in schools. The criteria is a typist who can type 80 words per minute and they prefer to inter pass. While my friend can type but not according to demand and his typing speed is very slow and he is matric pass and doing his inter. He submitted a typing certificate in which it is written he can type 92 words per minute while his typing speed is very slow. So he applies for that job and a famous man intercedes on his behalf and he gets selected so earning from that job will be halaal or haram?

Islamic banks

Q: I want to know whether Al hilal bank based at UAE is a purely Islamic and shariah compliance oriented bank. As by name many banks say or put the word Islamic with their bank; which really doesn't make them Islamic. Please clarify.

Different cash and credit price

Q: The matter is that I have bought a bike. The original price of the bike is almost 40,000 rupees. But I have bought this bike on installments. So, I have paid 24,000 rupees in advance to owner of the shop and remaining 24,000 rupees I have to pay in installments of 8 months with monthly amount of installment is 3000. So, basic thing I want to ask Is this thing came into the radar of Interest according to teachings of Islam or not? I am looking forward for your detailed answer anxiously with complete proof according to teachings of Islam. I shall be very thankful to you.

Medical insurance

Q: I am a new Muslim and I had a medical insurance which I took before I became a Muslim which I am still paying. I have a medical condition in my heart which recently my insurance had covered the medical expenses when I needed it, since I didn't have any other means to pay for it at that particular time. Is medical insurance haraam?

Compulsory provident fund

Q: Alhamdulillah, I have been offered employment. However, I am concerned as according to the contract and information from the human resources department, it is compulsory for me to belong to the company's current provident fund. This fund also includes a contribution towards life and disability cover. My questions are as follows: 1. Is it permissible for me to accept the employment contract? 2. If I may accept the contract, what would I do if the fund either pays me or my dependents? May I give the returns (interest, insurance benefits) to the poor and keep the capital investment (my contribution and the employer's contribution) for myself?

Investment scheme

Q: My father joins a profit-sharing business which guarantee a monthly dividend between 15% to 30% for up to 1 year (with no guaranteed principle). My question is, is it permissible for me to market this profit-sharing business and make out a sideline business agreement out of it with my potential client? The agreement shall state that, I shall be the guarantor of the principle amount given for the purpose of the profit-sharing business. In return, the client shall pay me a 3% monthly dividend for the period of 1 year. In the event that the business collapses, I shall be liable to pay back the principle amount to my client.