Business and Dealings

Q: From Islamic point of view is it allowed to use the interest received on the money from a bank?

Q: I understand that we are not supposed to have medical aid however in the United States, the people who have low income, the government provides for them medical benefits, that is if a united state citizen who has no job or has a low income if he applies for medical aid then the Government will take it upon themselves to see to his physical and medicinal needs. So will it be permissible for a Muslim to apply for this type of medical aid?

Q: If a person stole money from a person then another person stole from the original thief, Islamically does the thief get compensated in the next life?

Q: My question is regarding life insurance for about $300,000 in my name, after I die this money will go to my wife and child and they can buy a house and live a comfortable life. Please advise me on this?

Q: I got a job without any bribe as a primary teacher in Aasaam India and my school is 30 km away from my house. The Government Time to start shool is 9 Am but the students do not come before 10 am due to the distance. I also reach at 10 am but in the attendance register I have to write arrival at 9 am. But the school breaks at 2 pm 1 hour after its actual time. Is it permissible and in accordance to taqwa?

Q: If a debtor comes to pay his debt two years after purchasing goods from us, do we have the right to charge inflation on the amount according to the rate of inflation?

Q: Is old mutual and oasis unit trust accounts halaal? I am a student looking to invest my money. I previously sent a question but I did not receive a relevant answer.

Q: I have just graduated from metric and I intend investing my money in shares. Please inform me as to which investment companies (oasis, old mutual, al-baraka etc) I can purchase unit trusts from, which are halaal and suitable?

Q: Is online forex trading permissible? Many brokers offer Islamic non-interest accounts. I intend only trading in gold. Is this fine?

Q: Is it haram if someone makes a contract and in the contract it says that they will give someone something for free, but it also says in the contract that if the person that gets the free thing breaks the terms and conditions of the contract or cancels once the free thing that is being given starts to be installed then they will be asked to pay for it and also if they break the contract and are asked to now pay for the free thing and they do not pay for the free thing when the money is asked from them then interest will be charged on the money they would owe? Is that a haram interest contract to ask someone to sign? 

If it is, what should someone do with the money they have made and saved from doing a job that involved witnessing and asking others to sign up to a interest contract like this one? What should a person do if the company they worked for doing this for are due to pay him money from past contracts that the person signed others into?