QUESTION: A franchisor regularly delivers goods to its franchise stores on credit. To protect itself against non-payment, or a store’s bankruptcy, the franchisor requires a large cash deposit (held as security). Is the standard franchise model permissible in...
QUESTION: I use a particular website to advertise my preloved/unwanted clothing and other items, etc. Upon purchasing an item, the buyer is required to pay for the item and these funds are held in the website's account. Once the buyer receives the item, the funds are...
QUESTION: Can we charge a service fee to a person doing an EFT in lieu of cash? For example, accepting cash and carrying comes with a high risk of endangerment. ANSWER: Yes, it is permissible on condition that there is mutual agreement between both the parties for...
QUESTION: Is digital marketing permissible? This could be on behalf of other companies, or the sale of courses whereby people can sign up to learn the art of digital marketing? ANSWER: Digital marketing is a type of marketing that uses the internet and online-based...
QUESTION: A business sells fresh farm milk. Is it permissible for them to boil the milk, remove the cream, and then sell the milk? Or, can they remove the cream with a cream separator and thereafter sell the milk? ANSWER: This is permissible on condition that the milk...
QUESTION: A person has cash and requires someone to do an EFT on his behalf. Is it permissible to charge the person a 3%-5% service fee for administering the EFT or will it be regarded as interest? ANSWER: Yes, this is permissible as the charge is in exchange for a...
QUESTION: I used an FNB Credit Card in my business around the year 2005. The business subsequently closed down around 15 years ago due to financial problems. The initial amount owed was around R120 000, but with interest accrued, it accumulated to R150 000. The...
QUESTION: Is it permissible to own a perfume store which stocks perfumes that are alcohol-based and not Itr. Is there any Hadith which mentions Barakah in selling perfume? ANSWER: Modern-day perfumes which are alcohol-based are made from synthetic alcohol, and not...