Using Interest money to pay Assessment rates and taxes as well as income tax
Q: Is it permmissible to utilise bank interest received to pay Assessment rates and taxes as well as income tax?
Business and Dealings
Dealing in Shares and Interest from the Bank
Q:
1. I have purchased shares in a certain company a few years back. Is purchasing shares permissible? ? If not, what should I do?
Gifting to One's Children
Q: My aunt has just passed away. My uncle would like to sell his property and distribute the income between his 4 children.
He has 2 sons and 2 daughters: 1 of the sons has indicated that he does not want anything. The other son has not given any indication of what he wants. Both the sons have their own homes. Both daughters (both married with families) currently live with the father, and their families.
Medical Aid, Hospital Plan and Insurance
Q: Is medical aid and hospital plan permissible? Also, Is insurance permissible in South Africa?
Investing Money in the Banks
Q: I have a question about investing money in the Bank. Few banks are offering me to open a monthly saving account. They are promising me a profit of 11.5% every month for investing with them. I will be receiving this amount without losing my investment. Is this permissible in Islam?
A Funeral Plan from Clicks
Q: I received, from Clicks, a funeral plan that pays my dependents 10% of the amount I spent in Clicks for the last 6 months before my death. There are no monthly payments or any deposits. Is this halaal or is it a kind of insurance?
EBucks and Other Reward Schemes of Banks
Q: I just wanted to know, I received an email from FNB and I am not sure if you know how EBucks work but basically it is earned from money spent from your bank account. I spend money and they award me EBucks for doing so. These EBucks are worth 10 cents each. I basically wanted to know if I could use my EBucks as a form of Zakaat to the Pakistan flood victims?
Ribaa (Interest)
Q: Are there any jobs running without interest involvement? All companies have bank accounts and deal with banks in this modern age.
Insuring an Item with the Courier Company
Q: A courier company offers its services for a certain amount (e.g. R50). However, they state that if you wish to have the item insured, the charge is so much more (e.g. R50 more – total R100 if you want it insured). We are unaware if they are insuring with a third party. Is it permissible to take this insurance?
Selling Beer Powder
Q:
1. Is it permissible for a Muslim to sell beer powder? The names of the beer powder in question are mnanti beer powder and kings brew beer powder. According to my knowledge, these items can only be used to make beer.
2. One of the staff members in this business is a Muslim. He works in the receiving and despatch department. Is it permissible for him to do this work?
3. If the company says that the profits from selling these haraam items are totally separate from the other items and it is taken out and spent in different avenues, will it be permissible?