Tag Archives: investment
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Charging for Goodwill
Assalamu alaykum,
A, B, C, D and E are joint partners in a running business concern. A and B own shares of 25% each; whilst C and D own 20% each. The remaining 10% is owned by E. D and E are now negotiating to purchase the shares of A and C. The stock, debtors, equipment and other assets h...
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Filing away records of interest transactions
Assalamu ‘alaykum warahmatullahi wabarakatuhu,
“I work in the “contracts” department of a comp...
Institute using Zakah funds
Assalamu alaykum wa rahmatullahi w abarakatuhu,
We are running an Islamic organization here in the Klerksdorp area. Since we provide free education for the poor, the vast majority of our students do not pay the prescribed school fees. This has called a huge short fall of funds and we are n...
Ownership of the house bought through the muncipality
Salam Mufti,
Can you assist with the following:
A father intended to buy a house through the municipality and applied for it at the municipality and his application was accepted. Since he did not have enough money, his eldest son paid the installments of the house and consequently h...
Paying off the debt of the deceased
Assalamu ‘alaykum wa rahmatullahi wa barakatuhu Mufti Sahab,
Recently a brother passed away (rahimahullah), and we’ve been informed that he left behind a debt of 180’000 euros to privates and 200’000 to business/bank (I don’t know precisely).
Now, the widowed “wife” is...
Payout of the pension fund
Assalamu alaykum,
A) If a person had a Compulsory Pension Fund, and he made a bequest that if he passes away before the money can be released, the funds should be given to his ailing mom. Now that he passed away before that, and the Pension Fund made the payout, will the mother be entitled...
Purchasing something re-possessed by the bank
Assalamu alaykum Mufti, I would appreciate if you could kindly assist with the following:What is the ruling of repossessed items? Is it permissible to purchase re-possessed items from the bank? What is a person already purchased such items? Thanks
...Ruling on car insurance
Assalamu alaykum,
Is car insurance permissible? If not, will it be permissible to learn how to drive using a car that is insured?
...Working in a winery or in a Salami Factory
Assalamu ‘alaykum wa rahmatullahi wa barakatuhu Mufti Sahab,
“Is working in a winery or a “salumificio” (a place in which pork-meat “salami” is produced) permissible for a Muslim? I’m not asking regarding the actual manufacturing/production of haram foods and dr...
Zakah to sister in law
Assalamu alaykum,
I would like to know if we are allowed to give zakaat to my sister in law she is a widow. Before we use to give her zakaat then we found out that she had some jewellery and some money then we stopped giving it to her, now she has made intention that some of the jewellery ...