Business and Dealings

Credit cards

Q: My question is that I live in muscat and I am a teacher. I want to start a side business. So the bank is offering me a credit card and the offer is that if I pay the money back I use from credit card in 52 days then no interest will be charged. But I will only use it for the business so please tell me what Islam says about this? Will look forward to your reply in the lights of Islam.

Sales rep taking a percentage of the profits

Q: Is it permissible to pay somebody for bringing in business? I work in sales and people (3rd party) bring me business. If I make a sale they ask me to give them money which is already decided it doesn't matter how much money I make on this sale, they want what ever is decided before. Now the question is if I pay somebody to bring me business then what about other guys who work with me in sales? Because if the (3rd party) doesn't bring it to me it will probably go to my coworkers please tell me what Islam says about it?

Being forced by the government to pay interest

Q: If a person works at an accounting office that deals with tax and due to no fault of his own the government reassesses the tax liability of a previous period and charges it say a year after with interest and penalty. Is it haram to pay that? What if the accountant has to submit the payment since he deals with the account, is he liable for the sin too? Since he is not involved with the deal, it is not his account and he is not the scribe for the deal nor did he witness the contract?

Fixing an Amount of Profit

Q: People invest money in a business that they call mudhaarabah. They give money to a company with the agreement that they will receive R8000 if they deposit R100 000, and they can take out their R100 000 at any time. What is mudhaarabah, and is this agreement permissible or not?

Government assistance

Q: Government employees in India and may be in other countries too, receive monthly pension post their retirement from active service, from the government funds till their death. Is pension, which is an income received from a source without having worked for it, haraam or halaal, going by the Islamic Ruling?

Life insurance

Q: Is it permissible to use Life insurance or medical insurance by LIC (which is run by the Government of India) like we use other benefits which the Government provides (e.g: Government provides money to people who are injured in an accident or for treatment. etc)

Business proposal

Q: I have been offered a business proposal to be a shareholder in a new company by a businessman who is going to be the financier of the business. The offer is as follows:

(1) Better my current salary where I am currently working.

(2) 30% shares of the business.

He is also basing this decision on my knowledge and contacts that I have on the nature of this business. We have both agreed to have everything in writing at the right authorities. Please advise on how I should go about doing it.

Partner Renting a premises in which he is a shareholder, and determining his rental

Q: There are four equal partners in a building. One partner is renting a premises within this building. This partner does not want the annual increase in rental to apply to him as it applies to all the other tenants. Is it permissible for this partner to enjoy this advantage over the other partners and the other tenants?

Working as a clearing agent

Q: I have just engaged in seaport clearing agency insha Allah with the aim of observing Shariah and sunnah. But I'm faced with the following questions.

1. Short payment to the government custom duty is common. Is it allowed? Short payment is paying for HONDA 1999 instead of 2003. Majority are involved in this  even the custom officers overlook this.  Contracting the clearing out makes the case worse as they will hide the short payment.

2. Also in the clearing offices people pay some amount that are already normal things over there but are without receipt. Are we allowed to
pay such money when we don't have options and its already their system. eg vehicle examnation officer will not leave his office unless such amount is paid. No special treatment will be given for ones job except that its their norm.

3. Police on the way also ask for money even after you have correct papers. Can we give them money?