Business Dealings

Leasing out one’s premises to a bank

Question:- What is the ruling in regards to the following: A building is being bought where the bank is a tenant. The bank will stay on as a tenant for 12 more months after the purchase. Is the rent that’s paid for the first 12 months Halaal, and can the income be...

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‘My money is my money, and his money is my money’

Question:- What is the status of the following sentence: "My money is my money, and his money is my money"? Can one say that the husband is responsible for the wife, thus, she also has a share in his money and quote the above? Answer:- The quotation in question holds...

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Giving a loan in lieu of interest

Question:- I needed clarity on the following matter. I am providing capital to a friend for his business. This money is given as a Loan and will be paid back when I request.. The businessman uses the money, buys drinks and resells it to shops . We made an agreement...

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Salary earned from an insurance company

Question:- For many years, I worked as an accountant in a life insurance company. I did not record any interest and none of my duties involved any interest or loans . I did not sell any life insurance although I did report sales of life insurance, and I calculated...

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Phone screen cover

QUESTION: I wanted to enquire if Samsung Care+ is okay to subscribe to? They have a promotion with a new phone I had bought, which I pay a once-off amount of R499 and if within 12 months after paying, my screen breaks, then I won't be charged the full price of a new...

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Working for an insurance company

QUESTION: My sister served as an accountant in a life insurance firm (that also dealt with retirement annuities, loans) for several years, but resigned upon discovering it's in conflict with Islamic principles. She now follows specific guidelines for the money she...

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Selling expired goods

QUESTION: Is it permissible for a Muslim-owned supermarket selling food items such as groceries, consumable stores etc. to sell expired goods? ANSWER: As per South African legislation, it is illegal for traders to sell expired food products to consumers. In November...

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Selling “Forever Living” products

QUESTION: Is it permissible to sell "Forever Living" products? ANSWER: We understand that you will be selling products that are derived from the aloe plant. If all the ingredients of the products are Halaal, then there is no problem in selling the products. However,...

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