QUESTION: An employee has a pension fund through his company. Each year, the scheme sends a beneficiary nomination form for the employee to complete and return. The form is used to nominate beneficiaries who will receive the employee’s pension contributions and...
QUESTION: A person has a job opportunity to work at a cold storage facility in Europe where they handle everything, including Haraam products. Would it be permissible to work at this facility as a labourer? ANSWER: It will be permissible for one to work in other...
QUESTION: Would it be permissible to broker a deal between two companies who deal in interest for a brokerage fee? ANSWER: If the nature of the company and their investments is of a Halaal nature, then it will be permissible render your service to them with the...
QUESTION: Person X was selling an investment product or helping clients sign up for company A. Company A was doing very well for 2 to 3 years. After 3 years, company A started experiencing problems and stopped payouts. Person X had no Mushaarakah deal with any...
QUESTION: My dad passed away 11 and 1/2 years ago. He had an Old Mutual retirement fund which he had made my mum a beneficiary of. She has been receiving R330 p/m, from the time of his death. We have now received correspondence from Old Mutual to say she can cash it...
QUESTION: I have a Retirement Annuity Fund which has already matured, but I have chosen not to cash it in until I turn 65 years old. According to the South African Pension Funds Act, I am unable to transfer the fund onto my wife's name, however, I can make her the...
QUESTION: A company we have been supplying for many years has employed a new buyer who has drastically reduced purchases from us by about 70% and split it with another supplier. This reduction has affected us greatly. Is it permissible to offer the buyer an incentive...
QUESTION: My wife works as an air hostess, the harms of which are widely known, and it is now taking its toll on our marriage. Please advise what the Shar'i ruling is regarding such employment for females? ANSWER: From the onset, it should be borne in mind that Islam...