Business and Dealings

Investing in a company that distributes profits daily

Q: There is a company named B4U Global which collects amounts from people and invests it in various fields like properties, marble, motorcycles, etc.

The company divides the 60% of profit to the investors on daily basis equally while keeps 40% for their own expenses.

If you refer someone to invest in this company then they give you a small percentage of a referal bonus and profit.

In Pakistan, the government has not authorized crypto currency so they do not invest in crypto currency here.

Saturdays and Sundays are off so profit is not given on these two days.

Please guide if it is right according to Islamic laws.

Security company providing a security guard for an alcohol distribution outlet

Q: We have a security company that provides alarm systems and guards to various businesses and private residence. We had a client who signed up with us to provide a guard during the day. This client subsequently changed his business from a soft drink outlet to an alcohol distribution outlet. Is it permissible to continue providing our services to this business.

Taking rent from a property that one had gifted to his children

Q: Please can you clarify the issue of gifts in the format of property.

A man in my city has divided 3 flats in the name of 6 children in his lifetime but the flats are in the name of 2 children۔ In addition, he still extracts rent from each flat. These 'gifts' are meant to be taken upon his death until which he continues to take until his demise. (ie avoiding laws of inheritance completely). 

He has 4 daughters and 2 sons. Is this jaiz? He is a nice man, but unfortunately this decision is more like a contractual gift, which may make him questionable on Judgement Day.

Kindly advise what is the truth. This conditional mentality regarding wealth pervades in certain communities here.