Q: My company offered me a voluntary retrenchment packages last year. To calculate our packages they used the number of years worked at the company. With me it was complicated as I was seconded/ temporarily transferred there not permanent initially. I only went permanent a year later at that company. So when they asked us …
Q: In a business where the majority is owned by the father, is it permissible for a son who is a manager to take more money that is above his stipulated salary without permission? A. The business belongs to the father and not the son. The son is merely working there and receives a salary. …
Q: The amount of money a person receives is written and predetermined, so does that mean you get that same amount whether it’s in a halal or haraam way? For example you gamble and win £30, so if that £30 was written for you then would you have got the same amount in a halal …
Q: Is network marketing on the internet permissible? There are these products on the internet such as google adsense that pay users of it a certain amount of money for clicking on the link. A. Making money from network marketing is lawful and Halaal. The company pays one for the use of his or her …
Q: What is the Islamic way of giving and receiving a loan to a needy person when lender and borrower are in different countries and therefore have different currencies? For example lender in USA gives $100 to borrower in Pakistan. Borrower converted the money at market rates of 60Rs and got Rs.6000. Later, the dollar …
Q: My company has taken an insurance policy for employees where the employees are covered for medical expenses. Is it halal to get my medical bills reimbursed using the said insurance? Note this is a traditional insurance company. A: If your company has made this a compuslory insurance policy for all its employees, and deducts …
Q: Is insurance right in Islam? A: This article outlines briefly the Shari’ah ruling on Life Insurance. Insurance of any type is basically the sale of money for money, of a greater or lesser amount, with a delay in one of the payments. It involves riba or interest and riba is forbidden in the Qur’aan, …
Q: In what avenues can interest monies be disposed? I am aware that they need to be disposed without intention for reward. Can they be given to poor Muslim families or Muslim organisations? Do you have to disclose to the family or organisation that it is interest money? Can it be used to pay traffic …
Q: I run a medical practice that I started personally 12 years ago. I am now looking for a partner or someone to buy into the practice. Is it permissible to sell the practice for a price, understanding that there is nothing physical to sell? I think the sale amounts to a royalty or goodwill. …
Q: If a person works for a consultancy firm, like McKinsey, in the Corporate Finance Practice, would his income be halal? I’ve mentioned a few websites below to give you an idea about McKinsey’s operations in general as well as particularly about Corporate Finance Practice, and, also, I’ve placed a link to let you know …
