Business and Dealings

Q: Bakr and Zaid are travelling in a foreign country. Zaid takes a loan of 100 USD from Bakr. Bakr makes the condition that when they return to South Africa, Zaid must not pay him 100 USD, but rather the equivalent of 100 USD in South African rands. The equivalent of the 100 USD will be based on a mutually agreed exchange rate decided by Zaid and Bakr when they return to South Africa. Is this type of transaction permissible?

Q: Is Islamic banking across GCC correct? they are referring to profit rate for car loan etc. Is this the same as interest? Am I safe to purchase a car through Islamic banking profit rate that they are referring. Bank says it is as per Shari'ah. Please help to sort this doubt as I am about to purchase a car and since I cannot afford full payment, I am preferring Islamic banking. Will I be in danger?

Q: What is a muwakkil?

Q: Is it a good idea that the husband and wife work together at the same workplace for the same company?

Q: I would like to know if the job as an accounting technician with the following duties is permissible or not:

Duties :

1. To prepare and examine vouchers.

2. To input and verify records.

3. To process payroll and arrange for payments of salaries and deductions.

4. To write cheques, seek signatures and ensure dispatch by registry.

5. To collect and examine revenue and make remittances to the bank.

Q: I am a Muslim web and graphic designer. I work for a non-Muslim company. Sometimes, I have to insert photos of the chairman in a speech text page and add other group photos of conferences in the bulletin. Since I am not the photographer or artist, will I be sinful? I will lose the job if I do not insert the photos.

Q: I intend purchasing some equipment. The normal price of the equipment is R180 000 and a warranty is given for two years. The company offers an extended warranty for a total of five years which costs an additional R30 000. Is it permissible to pay extra for the extended warranty?

Q: Is it ok to sell cigarettes?

Q: Is it haraam to buy and sell shares in the stock market?

Q: I am a student in Malaysia and I am doing a PHD here. Once I came to my workstation in the Lab I found a mineral water bottle on my table and then I asked from my lab fellows sitting around me. No one knew about it. Please advise me according to Sharia what should I do with this water bottle?