Business Dealings

True value of the USD in Malawi

QUESTION: In Malawi, there's a "bank official rate" and there's a "black-market rate". So the dollar for example, on the black-market will be around MWK1,800/1,900. There'll be different rates for buying and selling. However, it's illegal. Then there's a bank rate...

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Participating in Vodabucks

Question:- Are we permitted to participate in the Vodabucks programme? Answer:- We understand that to acquire Vodabucks one is required to participate in the Vodabucks loyalty programme at no charge. Each time a prepaid user purchases voice minutes, data or integrated...

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Renting out land to someone who farms pigs

QUESTION: Is it possible for me to rent out my land to a farmer who is intending to do pig farming? ANSWER: No, it will not be permissible to rent out a land to a farmer who intends farming pigs. (قَوْلُهُ: وَجَازَ حَمْلُ خَمْرِ ذِمِّيٍّ بِأَجْرٍ) أَيْ فَيَطِيبُ لَهُ...

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Inheritance from life insurance

QUESTION: My father passed away few weeks ago (24 Rabiul Akhir 1445), and he did not have a will. We managed to find out about most of the people he owed money to and managed to settle their accounts, Alhamdulillah. However, my daddy had debts with the bank amounting...

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Profits from FNB Islamic Banking

QUESTION: Is "Islamic Profit Share" from FNB halaal? ANSWER: The Darul Ifta does not approve of FNB Islamic Banking and their investments, as we are not aware of their modus operandi. We therefore advise that the profits earned through such investments must be given...

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