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...
QUESTION: Would it be permissible to sell cars on finance through a third party? This entails passing the client's documents over to another dealer who will proceed with approval checks at an additional cost to the client, on our behalf. We in turn, will receive the...
QUESTION: A family member runs an organization and collects Eid gifts for an orphanage. He takes these gifts and gifts them to children in the family as a gift from himself (whereas these gifts were gifted to the orphanage kids by others, and the family children are...
QUESTION: A brother in Singapore wants to purchase gold as a stable investment. Due to the difficulty of storing such a valuable commodity, the seller offers the option to purchase the gold, while the seller still retains physical possession of the gold. The buyer...
QUESTION: I am going to start an online store for my business. I will be using a courier company to deliver my orders. However they are advising that I insure my goods, reason being, that the high risk involved with their vehicles being targets of theft/hijacking. I,...
Question:- A few weeks ago my cellphone shop was held up and everything was taken. Alhamdulillah, no one was hurt or killed. There were a few people who left items with me to sell on their behalf and I am overwhelmed with the worry that I have to pay them for the...