QUESTION: Zaid was selling a product for R150 on order. Bakr placed an order and paid a R50 deposit. When the product arrived, the value of the product had decreased but Bakr did not have the money for the product. Can Zaid sell the product at the new value of R130...
QUESTION: A family member has bought a house in South Africa, while she is residing in Canada. She bought the house through the bank, and is renting it out for a year until she returns. Would this fall under Riba, or is the transaction in order? ANSWER: If your cousin...
QUESTION: I would like to find out the permissibility of making use of the following purchase option: The payment facility allows you to make monthly payments up to 6 weeks without charging any interest. If I make sure that the money is paid up in full before the 6...
QUESTION: If a woman has a home-run business and the domestic helper assists with work related to the business, must she be given separate wages for helping in that regard or will the work she does be included in her salary for working at the house? ANSWER: If the...
QUESTION: I receive interest in my bank account every month. I dispose of the interest amount from the cash I have on hand and do not remove it from the account. Is this allowed? ANSWER: It is not permissible to dispose interest funds accumulated in one’s bank account...
QUESTION: Is insider trading permitted? ANSWER: Insider trading is not permitted in terms of South African law. By engaging in ‘insider trading', one may be fined or imprisoned according to the law. It is not permissible for a Muslim to bring humiliation upon oneself...
QUESTION: I have been approached by someone who wants to lease my property with the intention of opening a non-Halaal takeaway or fast food restaurant. If it is permissible, are there any aspects that would render it impermissible? For example, if part of the items on...
QUESTION: It is not permissible to intentionally accumulate interest money. 1. If a person has an option at a bank to open a bank account whereupon one does not accumulate interest but opts for using another account, will this be considered as intentionally...