Business and Dealings

Earning by investing some money by liking and subscribing to different YouTube channels and uploading them to an app

Q: There is an online app in which you get a daily job by investing some money by liking and subscribing to different YouTube channels and uploading them to the app. It gives daily money on account of investment. Like invest 15000 rs and have to do 10 daily tasks and get 600 rs daily. Is it halal?

Management charging an employee a fee for errors committed and distributing it in charity

Q: Is the following condition permissible ?

Contribution of R50 by the employee to a charity for any errors/mistakes at management’s discretion. "The Company" will be the representative of the employee and will handle any relating contributions.

DECLARATION:

I ______________________________, approve "The Company" as my representative to contribute R50 to a charity of their choice from my wage/salary for any errors/mistakes committed.

Trading in different currencies

Q: Zaid sent a parcel of GBP in cash to Bakr, with the intention of selling it to him for ZAR. Bakr inspected the notes, because some of them were old, and they both agreed on an exchange rate.

After a few days, Zaid subsequently sent his agent to collect ZAR notes from Bakr. Bakr did not give the entire amount. After a week, Bakr made an EFT of the remaining amount in ZAR.

(1) What is the status of the ZAR notes received from Bakr? If the money is haraam, what should be done with the money?

(2) What is the status of the money received via EFT from Bakr? If the money is haraam, what should be done with the money?

Loaning someone money and asking for a profit in return

Q: Is it permissible for me to lend someone money as a personal and ask for a profit in return. (The money will be used for business - I am not asking for a profit from the business).

The profit on the loan is fixed at 10% per annum. Then another 10% is added to the outstanding balance at the end of each year until fully paid. The term is fixed for 6 months to repay the loan.

Repaying a loan in a foreign currency

Q: My brother is living in Saudi Arabia and I want to purchase a house in Pakistan. For that I need a loan from my brother of 75000 PKR per month from 2015 to 2018. The total amount he paid to me in this period is 2,400,000 PKR. Now in July 2023, he sent me the loan details which is extactly what I took from him but in addition that he wants all his money in Saudi Riyals as he sent this money from Saudi Arabia. Please guide me on this.

Bribery in business

Q: My brother has a crush plant business in Liberia (West Africa). The country is corrupt to the core and there are multinational companies there working in the construction sector. They need crush material but the fact is that management in these companies is of local population and mostly corrupt. They say if you want us to buy crush from you then you have to decrease the rate per load and then adjust this as a personal commision to us.

Lets say if 1 load is of 600, they say we'll buy it from you for 550 but in documents i.e, qoutations to company you'll write the rate as 600. So the company gets 1 load of 600 and my brother gets 600, from which he has to give 50 per load to management unofficialy as a commission.

Is it permitted as it is nearly impossible to get any contract with out this. The company gets no loss or money damage from this nor any other individual except my brother himself. He has to sell the item of 600 to 550 and give extra 50 to management to pursue the contract.

Renting a premises back to the company one rented it from

Q: If I invest with following conditions with a company then is it permissible in Islam:- I buy 2 square feet of an apartment from a company in 3 lacs (apartment is part of a building which is not constructed yet however as assured by the company; its area has been bought, plans etc approved from UAE government as well, work to be started soon). Ownership of 2 square feet is given to me. I give this area on rent to the same company with mutual agreement. The rent is fixed at 48 thousands.

Amount to pay back when paying back a loan in a different currency

Q: My father borrows money from one of his friend in Pakistani rupees 2 Lac which was approximately 1235$ but at that time I was not in a condition to clear his debit and I take the responsibility to clear my father's due after some time. Now I'm stable to clear my father's due but now the price-hike of every thing. Should I pay my father's due according to pakistani rupees or $. My father too the money in Pakistani rupees.