Category : Interest
Is dropshipping on Amazon(or other similar) is halal?
assalamu aleikum. I stay in Malaysia. We have one website which is similar to Amazon. I want to do business based on dropshipping. My plan: To upload a product I want to sell. When order will come, I go to buy this product and then ship it to the customer. Many people already asked th...
Inquire about interest money
Aslam o alikum.. Sir I have very important questions to ask about use of interest money… I work in restaurant where I have to give 1 riyal on every 100 riyals of sales I do as a tip share to company. Means if I do 3000 sales I have to give 30 riyals every day whether I get from...
Commission
I am a real estate broker, who helps sellers find buyers and buyers to find sellers, and get a commission (from buyer or seller money) for this work. Suppose the buyer I found deals with usury (Riba). Is it permissible in Islam to receive this money (commission)? Suppose the ...
Teaching and researching Finance
Assalam-O-Alaikum, Is it permissible to teach Finance (this would include teaching about interest and how to use it for calculations)? Also, is it permissible to do academic research in Finance (research may be on bonds or other interest bearing instruments and even if it is not directly r...
Chit Funds
As’salamu alaykum wa rehmatullahi wa barkatuhu. There is a chit scheme.In this lets say about 10people and 1 agent will be involved..these 10 people will pay 10,000 each for 10 months(that means 100,000 (10,000*10people’s money) will be gathered each month).The agent will take ...
Gratuity and Pension Fund
I am employed in an organization where monthly deduction is made on account of Gratuity and Pension Funds (GPF). These funds are given at the time of retirement to the employee. The employer invests these funds . There are 02 categories of GPF interest bearing and non -interest bearing . B...
Filing away records of interest transactions
Assalamu ‘alaykum warahmatullahi wabarakatuhu, “I work in the “contracts” department of a comp...
Paying traffic fines with interest
Asslaamu alaykum, Can we pay our traffic fines with interest money? ...
Seller knowing that the customer is paying with money loaned from the bank
Assalamu alaykum wa rahmatullahi wa barakatuhu If a buyer pays with a cheque, and the seller knows that the buyer took a loan from the bank to pay for his goods, will it be permissible for him to conclude the deal? Likewise, if I sell cars and I know the customer is financing it thr...
Sellers knows money is from bank
Assalamu alaykum, If a buyer pays with a cheque, and the seller knows that the buyer Took a loan from the bank to pay for his goods, will it be permissible for him to conclude the deal? ...