Business and Dealings

Q: There is a soccer tournament taking place in a neighbouring town, and up to 8 teams are invited to participate. Each team has to pay an 'affiliation/entry' fee of R2800 in order to participate. The winning team receives prize money of R4500. The team that comes out 2nd receives R2000. The rest of the teams do not receive any money. Apart from all the other contentious issues (such as the covering of the satr, intermingling of genders etc), is the way in which this event is structured permissible?

Q: I recently came across a Shariah compliant CFD from AngloRand and I am really bemused as to how they can offer that product when clearly they know that it is not Shariah compliant because gearing is involved and this sort of investment a person does not physically own a share in a company that they would enter into a CFD, perhaps Mufti you have heard of this type of CFD and can shed some light.

Q: I want to know if having clothing accounts like truworths, miladys and so on is haraam?

Q: I need to open a current account at a conventional bank. This particular type of current account comes with a R2000 funeral cover. Whilst this R2000 will be ignored by my family when I die, can I still open this type of account?

Q: I would like to find out regarding Medical Aid, is it permissible ? If so what type of Medical aids are permissible? Are there any alternatives if not permissible?

Q: I want to buy furniture for my house as I am shifting to a new flat. But I can't really pay cash currently. But the shopkeeper is charging interest on that. So is it permissible? I have heard that if I know the total increased price then it is permissible. e.g If I buy a car now I have to pay 8000 but on instalments the new price will be 10,000. But they increase it and say that its the interest rate. However I know the final price so is it permissible?

Q: I am working as a business development executive for a company which develops software for theatres, food court and parking. However, the software has no concern with movie, it is being used for ticketing purposes. Moreover, my company supplys computers to theatres on rental basis for ticketing purposes. Kindly, guide me whether my job is valid as per our shariat.

Q: I would appreciate your guidance on the following two queries/issues.

Query/Issue #1: I will refer to two individuals as “Person A” and “Person B”. Person A had 2 packets containing money. These packets were given to Person B by mistake. The same day, Person A had informed Person B of the mistake and requested that these parcels be returned. Person A had a full account and record of the money, who it belonged to, date and amounts. Unfortunately Person B has now taken “ownership” of this money parcels unjustly and does not want to acknowledge nor accept Person A version and has discarded all these records that was with the parcels. Person A has taken an oath that the money parcels belongs to Person A. What is the Sharia ruling (Islamic ruling) on who has the right to these money parcels.

Query/Issue #2: If some money was left in trust with an individual, and such money was taken unjustly and without neglect by the responsible individual, is this individual liable for returning and/or executing on the instruction of such money?

Q: If I loan someone money, for example, I loan someone R10 and we agree that they will pay me R15 in 10 months time, R5 more than what I loaned them, is that extra money considered interest?

Q: I'd like to know, I'm applying for my learners licence through a contact. It works like this: I give him R1500 he guarantees me that I'll pass even if I write the wrong answers. I have to write the test and pay the normal fees also, is it permissible?