QUESTION: Is it permissible to collect rental income from a bank that places an ATM on a property? ANSWER: Since majority of the bank’s income is from interest, it will not be permissible to collect rental from a banking institute that installs an ATM on one’s...
QUESTION: Is it permissible to collect rental income from a supermarket that will be selling alcohol? ANSWER: If more than 51% of the income will be derived from Halaal sources, then leasing the store for a supermarket will be acceptable. However, if 51% or more of...
QUESTION: If I finance a vehicle from a dealer, can I consider the interest amount as part of the entire payment due? From my perspective, will this still be considered as interest? ANSWER: If you financed the vehicle through the car dealer and you will be paying more...
QUESTION: I have recently started designing websites for personal brand websites. This requires me to build websites which feature images of the person whose brand I am building. I don’t take the pictures-I just add them to the website. Am I allowed to do this?...
Q1. As a conveyancer, we are required to invest purchasers money in an investment account, which accrues interest or profits from Islamic accounts with FNB. Does this constitute facilitation of interest as it is compulsory in the profession? A1. If investing the...
QUESTION: Zaid wanted to buy a phone from Bakr. Bakr gave Zaid the phone to test out. After keeping the phone for a day, Zaid said the phone was working perfectly and decided to buy it. After 3 days, a problem appeared on the screen (commonly caused due to falling)....
QUESTION: Is it permissible to take out Medical Aid with Discovery? What about "Vitality Rewards" with Discovery? Is this Jaaiz? ANSWER: We have not approved of Discovery health insurance or the Vitality rewards programme that is linked to health insurance. We...
QUESTION: If we have a retirement annuity and it will only be accessible in about 5 years time, do we have to take out Zakaat on the annuity? ANSWER: If the policy is an involuntary policy which was enforced upon by one’s employer, then Zakaat will only be due upon...