Business and Dealings

Income earned through leasing one's property to the bank

Q: Can you explain to me the reason why Ulamaa so severely condemn the earnings of banks? In today’s times, the majority of the wealth in banks is acquired through the deposits of people which are from halaal. Hence, if one leases out his property to a bank, the income should be halaal based on the principle that if 50% or more of one’s income is halaal and such a person has to give you a gift, you can accept it.

Using diners club lounges

Q: I have read the fatwa regarding ebucks and I am interested in finding out about Diners card. Many of our Muslim brothers have a Diners card. It is like a credit card, which they pay a yearly fee for, and the benefits are that one can use Diners club lounges in airports throughout the world. In these lounges meals etc are available as well as lounge /resting facilities etc

Starting a goat farm project

Q: I am to start a goat farm project in partnership that requires 57 lakh rupees and 120 sqmt piece of land. The land is of my grandfathers. 53 lakh rupees the bank is giving a loan and the remaining 4 lakh are devided in 4 partners as 2.5 lakh myself, and 50000 each by 3 partners. Net Profit will start from 3rd year after deducting all expenses. If the profit  is 100 rupee then my questions are:

1) How much (%) share of profit will be between partners.

2) How much share will be the land owners as the market value of the land is 3 lakh?

3) Land owner that is my grand father is expired so can that share be devided among 16 members of  his family?

Copyright

Q: Kindly provide a ruling for the following:

Zayd gives a book to publisher A for publishing and gives him the copyright. The book is printed in 4 parts, but not printed to a very good standard and quality. Zayd now wants to publish the book with much better quality. He makes changes to the book, changes the name and produces it in one volume. Can he now give the book to publisher B to have it published by the new publisher?

Losing competition data

Q: I conducted an online customer satisfaction survey, as incentive all those that completed the survey will be entered into a cash prize draw. Seven
respondents will win R1000.00 each. I lost the data containing the contact details of all those that completed the survey. I never even have the draw as yet. How Do I resolve this, this is my fault because I delayed in administering this payout and now I lost the data. We are trying to recover the lost data but things are not looking very positive.