Business and Dealings

Q: I was investing in haraam till now. Although I didn't know about it, I was again trapped by one of my friends and again invested in haraam for which I will get a good return.

1. One of my friends is in very much debt. Can I pay this money for his debt or 2. In my examination I have paid some money to my professor to help me get some answer in my paper through cheating. I have taken this money on credit and I know this is wrong and haraam. Can I pay this debt of mine through that haraam income?

3. If the above things are not allowed, tell me what should I do with this haraam money?

Q:

1. I want to say one more thing here that trading in gold online is a forex trading. It is like shares of gold. If I buy it, I will get like gold lots/shares (electronic form) and when I will sell it, my broker will sell those shares (gold lots) to forex. and I will get money. So gold rate in forex are changing by international market rates. And I am not selling these electronic gold every day, it will be once in a month or after 15 days. Mean it is not like everyday game as I saw shares are not allowed if done on daily basis but long term are permissible in Islam.

2. As or the possession, I am believing that if I have gold or as form of shares in my electronic account, I have possession of it and when my broker sell to other company, possession is given to the new buyer or forex company. And if you emphasize that physical possession is necessary, can you please tell me in the shadow of hadith or Quran verses where it is clearly mentioned that physical possession or just possession?

3. What is the punishment of eating Haram on day of judgement? Is it depends on Allah will? Like many sins will depend on Allah, if he wants, he will forgive them but the sins like haqooq al ibaad, only we need to clear them with other people.

Q: Is it permissible to read Salaatul Asr after five at work and make the staff wait for you whilst you are reading Salaah?

Q: Can you use interest money to pay traffic fines, taxes, government related issues example passport and toll gate fees?

Q: Salmaan owns a grocery store. Ismail phoned him and purchased a pack of long life milk from him. After concluding the sale on the phone, Ismail did not take possession of the milk but instead sold the milk to Bakr and asked Salmaan to deliver the milk directly to Bakr instead of bringing it to his store. Is it correct for Ismail to sell the milk to Bakr before taking possession of it?

Q: It is right, you can't sell what you don't possess. But in online trading you actually not dealing with any party directly. It is new technology and electronic trading. The possession of gold is in electronic form. I have a lot of gold I purchased and I can sell that gold through a broker to any person in the world. The electronic possession of gold will be given to the other person and the cash transfer will also take place and I will get my money (profit or loss) through the broker and the person who is buying will also pay the broker. You are not deceiving or lying to anyone. You deal with the broker directly and the broker is known to every trader. In online trading with broker, actually you get possession of that thing in a system which we are going to sell. Every buy should be closed with selling and every selling should be closed with buying. It is new technology online trading. Buying something itself in the system has the physical possession which is online possession because as I sell it, it becomes changed to money which I get (profit or loss). A more easy example is, there is one dealer who is taking care of my gold, and I say him to sell my gold, and he gives me money back. If I want more gold, I purchase and keep with him, which he takes care online (broker). In broker record, I have the possession of that gold electronically (but not physically). I don't see my gold physically but electronically I have possession of that gold and when I want to sell it, I get my money back. In my understanding, in physical business why you can't sell something until it comes in possession because that thing can be defective or have flaws and if you sell, the other person will have a disadvantage and it comes with deceiving and lying. Here you are not deceiving or lying to anyone. It's like a knowledge and study. Good performer gains money and bad performer loose money or depends on the gold market price rates.

Q: If a customer forgets to take his change (like R100) or forgets something at your shop and doesn't come back to claim it, what should a person do with that item or money?

Q: I am a car dealer. Sometimes customers need leasing facilities from financial companies to finance their cars. Can I introduce them to the leasing companies and process with their loan application like collecting their Bank statements, Payslip, ID Card and submit the same to leasing companies and inform them about the rate of interest adopted by the leasing company?

Q: I have a question regarding an investment I made. I invested an amount with an owner of a clothing shop and it was pre agreed that I would receive a set amount of the profits on a monthly basis which I did for a few months. Recently the shop has been doing bad and the owner decided to sell it. Initially we verbally agreed that if for some reason the shop closed he would return the amount I originally invested to me. I am still waiting for my funds as we had not set a time frame. I would like to know if such an investment was permissible and whether the money I originally invested is still halaal for me to use (when I receive it)? I am asking as I am planning to use the money for Hajj insha-Allah one day and don’t want to be in doubt.

Q: There is a company that carries out gold trading. I will pay them some amount and they will open a gold account for me. Gold rates are linked with the real gold rates which are current internationally. When I buy gold from my money, this gold is not physical. Rather, it is just the value of the gold that reflects. If I want to sell that gold, I can get my money back (not the gold) to my account. It could be profit or loss.