Finance, Trade & Loans – The Majlis

Are any business deals of the Islamic banks permissible?

A company went into liquidation. In terms of the government’s law, the state will pay the salaries of all the employees. Can these workers still hold the company’s owners liable for their salaries?

My friend, Faatima bought a microwave. I paid for it with some haraam money which I had in my possession. After some days, Faatima gave me a sum of money. When I asked her about it, she said that it was not payment for the microwave. It was a gift. Is this ‘gift’ halaal for me?

Is it permissible to sell wild animals for trophy hunting or for hunting for sport? And, is it permissible for a Muslim farmer to sell cattle, goats and sheep to non-Muslims who will use the animals for rituals, killing them in horrific ways? Can a Muslim sell his animals to kuffaar abattoirs?

Is it permissible to buy and sell frequent flier miles?

A loan of R2,000 was given in 1984 to Zaid who never repaid it. Now, in 2016 Zaid wants to pay his debt. How much should he pay?

We sell goods by the laybye system. Our time limit is two months. If the customer does not collect his laybye, we wait another two months then open the parcel and sell the goods. If he comes thereafter, we give him a refund of the amount he had paid. What should be done if the customer does not come?

The Indian government has invalidated certain denominations of their currency notes. Many people are sitting with millions of rupees of these notes. However, some people are exchanging these notes for less than two thirds their value, e.g. for 300,000 rupees, they give 100,000. They have some way whereby they will make a profit. Is this type of dealing permissible?

I have been told that a lease in the Shariah is not permissible for more than three years. Is this correct?

Is the diminishing mushaarakah concept valid? Is it permissible to buy a property from an Islamic bank in terms of diminishing mushaarakah?