Business Dealings

Unpriced Items In Retail Stores

QUESTION: Is the practice of not marking items for sale with prices on them, permissible in Shari'ah? ANSWER: Prices not being placed on items in a store can lead to disputes hence, it will not be permissible for store owners to operate in this manner. قال العلامة ابن...

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Income Earned From Insurance Companies

QUESTION: I have family members who work for insurance companies, so will it be permissible to eat at their homes and accept gifts from them? ANSWER: In principle, if it is known with certainty that a majority of their income is from a Haraam source (i.e. from the...

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Trading With Forex

QUESTION: Is trading with Forex or Meta Trader using a broker permissible? ANSWER: Forex trading contains many aspects which go against the principles of Shariah inter alia gambling, interest, not taking possession of the currency. Hence, it will not be permissible to...

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Investing With Al Barakah

QUESTION: Will it be permissible to invest money in Al Baraka bank's investments, more specifically, in Al Baraka's Tax-Free investment? Profit is earned in the following way: The bank earns a profit from its financing activities which are carried out on the basis of...

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Commission

QUESTION: A company we have been supplying for many years has employed a new buyer who has drastically reduced purchases from us by about 70% and split it with another supplier. This reduction has affected us greatly. Is it permissible to offer the buyer an incentive...

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eBucks

If a person uses his virtual card via his Google Wallet App, FNB places the individual on a higher tier for the eBucks rewards program, allowing one to earn more eBucks. My brother and I manage the expenses of our household. He pays for the utilities and the...

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Kraal Manure

QUESTION: Is it permissible to sell kraal manure? ANSWER: Firstly, one needs to understand the nature of manure. Generally, manure is used as an organic fertilizer made from the dung of domestic livestock. Usually, soil and other ingredients are also mixed with the...

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Working For A Financial Institution

QUESTION: I work in a claims and disability assessment position, where I assess severe illness and disability, for Old Mutual. Someone brought it to my attention that Old Mutual works with interest. Is it permissible to work for this type of institution? ANSWER: Based...

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