Business and Dealings

Q: Is it halal to invest in Stock market like buying permissible shares like Petrol, gas, pharmaceuticals, cement etc. Since we are not the owner of the company how can we know how the owner has started that business? He may have brought some loan from the bank to start his business and later he may be introduced shares. In this case, how can we buy even halal shares and also, even if we are investing our halal amount to that share, there are million other investor who also invest their earnings (both haram and halal) in the same stock like mine. In this case, my amount is mingled with their amount and my profit is not halal. Correct me if I am wrong. Considering all this, can we say Stock as a whole is haram since we are not sure about all the investors.

Q: I want to buy a lottery ticket. Is it permissible in Islam?

Q: I am asking a question on behalf of a trust who runs musjids and madressas, schools and clinics. We had a executive committee meeting in which couple of members said to deposit excess money which we have in an interest bearing account and use that money for Roads, Toilets, Walls, etc. There was disagreement, most members disagreed and but was agreed to ask Mufti to address the question.

Q: Person B sees advert of person A, and a successful transaction takes place. Upon person B receiving the goods, he notices that the contents do not match what was advertised. After querying from person A and requesting a refund, person A claims to have been scammed by person A's supplier (who has since disappeared) and refuses to refund person B. Who is responsible and who should suffer a loss? Keeping in mind that person A had failed to check the contents after receiving it from his supplier.

Q: I won some money through lottery, I know in Islam gambling is forbidden. What shall I do with the money, shall I give it to the local mosque?

Q: I would be grateful if you can answer the following query for me.

If a man was receiving disability benefit from the government and over the years some was spent and some was left as savings, what should be done with this money from an Islamic perspective.

1. Once he has received this money is he the sole owner and at liberty to spend as he wills. e.g. Can he go hajj with this money he saved?
2. Does he have to pay zakat on this money after a year if there is any surplus of this money?
3. If he was to die and he left a large amount of money then what should the children's of this man do with this money?
4. Who has more rights and responsibility over this money the sons or daughters?
5. If a son found out that there is a possibility of that money being hoarded after the demise of this man would it be wrong to inquire about it from the people concerned?

Q: I have an amount in a savings account and I am getting interest for it. Is it Haraam? I never used it but whenever I receive interest, I used to give
it to poor people what ever I received. Is it accepted in Islam? Will there be any benefit? Is it haraam for the poor people whoever receives interest amount from us?

Q: Where do we have to spend bank interest money? Many are suggesting to give to a poor person. Kindly reply in accordance with Hanfi maslak.

Q: Is it permissible to work in a place where along with other products, liquor, pork and haraam meat are also sold?

Q: I intend to purchase a car that has a warranty. The dealer offered to extend the warranty by 5 years for an additional amount of R3000. The warranty covers towing and fixing if the car breaks down and replacement of parts. I notice that the policy is with an insurance company. Is this acceptable?