Q: I wanted to ask you about the profit and loss account. As the person suffers a loss when the bank incurs a loss and gets a profit when the bank gets a profit, so is the profit and loss account halal or haram? If it is haram then can you advise me of an easy way to spend my money? I have some money saved up and would like to invest it somewhere that I would have small chances of a loss.
Q: Is fxcm.com halal or haram. It is forex.
This is what you do in forex, buy 1 usd dollar when it is equal 2 euro dollar and sell it when it is more than 2 or equal to 3 usd dollars.
For example: I bought when it was like this, 1 USD = 2 EURO. I will sell when it becomes 1 USD = 3 EURO or more than 2 EURO.
So is it halaal or haram? Can you tell me why is it halaal or haram, and also say at the end of your answer, this "It is halaal" or "it is haram" so I can understand clearly.
Q: I work in a shop. Sometimes, customers forget their change and sometimes also forget their purchased items. What should be done with their change and items?
Q: A Muslim bakery sold bread on credit fifty years ago valued at Kenyan Shillings 6500/-, and the price of loaf was KShs 0.75 (75 cents). At that time the debtor had failed to pay. Now his kin want to settle the debt when the price of a loaf is KShs. 50/- and is ready to pay extra over the 6500/- owed. Can the Bakery demand to be paid according to the current price of a loaf of bread? Or can they accept the initial debt of KShs. 6500/- plus the extra the debtor is willing to pay seeing the difference of the cost of loaf today and fifty years ago? As the actual currency is gold, can the debt be evaluated according to the price of gold fifty years ago and now, i.e., the amount of gold that could have been bought of KShs 6500/- fifty years ago and the value of the same weight of gold at the current local market be the repayable debt? The owner of the bakery (now run by his children) died many years ago. Please advise.
Q: At our store we stock a large variety of products including shoe makers products. Recently we have been getting a customer coming regularly to buy shoe glue only. The staff have brought it to our attention that he is buying it to sniff. After this I have observed the following:
So it is clear that he is sniffing the glue and not using it for shoes. Is it permissible to continue serving him knowing that he is using the glue for sniffing?
NB: Our store does NOT run on a self help system so he has to ask for the glue to be given to him which makes it very easy for us to stop supplying him if necessary.
Q: A person has been attending a madressa. At the madressa there is a tuck shop which allows the students to take things on credit. As a student many things were bought on credit and paid later. A few years later the student has doubts in their mind as to whether they have paid their accounts accordingly. What can the person do besides asking Allah for forgiveness?
Q: I am a security officer in a company. My company throws the items in a skip one month before the expiry date. Can I take some items from the skip without the permission of my supervisor?
Q: I have a job interview working for a bank in the USA. I was told that it is haraam to work for an American or foreign bank because they deal with interest rates (RIBA). However when I work there I will be at the cashier, depositing the clients money in their account, not directly with riba. Please advice if this is haraam or halaal?
Q: Who is the owner of the children's clothes? Can a parent give his child's used clothes to others? What is the Islamic ruling in this regard?
Q: My bank name is Dubai Islamic Bank and they give advance salary and deduct 150 AED as services charges. They say it's not interest. Is it sood or not? I needed money and I want to confirm if it is sood. I didn't take it.