investment

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,…

Assalamu ‘alaykum warahmatullahi wabarakatuhu,   “I work in the “contracts” department of a company. Its core business is management and seeking human resources within the company. Thus, there are contracts – regulating such services – between the company I work for and other companies of the group. One of the many clauses states that if…

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 now in a debt. However,…

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 had the house registered in his name.…

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 pressurized by the creditors to repay such debt, and I’ve been asked to…

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…

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

Assalamu alaykum, Is car insurance permissible? If not, will it be permissible to learn how to drive using a car that is insured?

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 drinks, but rather for example working as deliverer, ware-houseman or office worker/employee..”

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…