Is Takaful insurance compliant with the Shariah?
Takaful is haraam. It is the same as conventional kuffaar insurance. The name is deceptive.
Category
Finance - Banking - Business
427 answers. Every one links back to its page or issue on themajlis.co.za.
If a customer fully pays for goods today and he says he will collect at a later date.
Neither is it permissible to increase the 'price' nor is it permissible to cancel the sale. The condition stipulated by the businessman as mentioned by you is baatil even if the…
During the old 1950's era the South African Pound was the currency in use and it had the 'promise to pay', making it a Promissory Note having the opti
The original cur- PAYING OLD DEBT rency which was a 100% representation of gold is extinct. The loan given in that era has to be incumbently paid today in terms of gold. The amount…
Kindly advise if it is permissible for a wealthy person whose wealth is known to others to take out insurance that will pay his ransom in the event of
Taking out insurance as cover for possible future kidnapping is an aggravated haraam act. Insurance is haraam. The evil is aggravated by diverting the focus away, far away from…
I gave someone a loan of R33,000 in 1998.
In 1998 the value of gold was R1,878 per ounce. The current value is R27,627. Due to the massive discrepancy, the Rand of 1998 is in reality extinct. The current 'rand' is not even…
My tailor told me he is stitching which they are going to wear for some religious function.
Your advice to the tailor is valid and correct. It is not permissible to sew religious garments for kuffaar. It is I'aanat alal which the Qur'aan strictly prohibits. Wages for…
What is the Shar‟i position regarding trading in cigarettes particularly now that many Muslims have entered the manufacturing realm in this trade turn
Trading in cigarettes is haraam. The billions of rands earned are all haraam which must be given in Sadqah without niyyat of thawaab. They are another dimension of druglords. They…
If South African employers compel Muslim employees to vaccinate, will it be permissible to be vaccinated.
If one submits to the demand of the employer and takes the devil‟s potion (vaccine), then while one will not be sinful, one will still have to suffer the evil / harmful /…
Many people charge „key money‟ when hiring out their vacant shops.
„Key‟ money or goodwill money is haraam. It is Riba.
A customer wants to return the item he bought and wants a refund.
If the item is not defective and the customer wants a refund, then the seller is not obliged to accept the item and give a refund. Nevertheless, cancelling the sale and giving him…
Is it permissible to work for an Islamic bank?
Working for any bank, even if it is so-called „islamic‟, is not permissible. It is like working in a winery or a brothel. All banks are institutions of riba.
Is it permissible to acquire a car via FNB IJARA system?
These muftis are morons who trade the Shariah for a miserable price of some rands and dollars. It is necessary to be extremely suspicious of the muftis who sit on bank boards, who…
Is it permissible to work in a bank as a security guard or a cleaner or a driver?
A bank is a haraam entity. It is primarily the worst institution of riba. Riba, is worse than zina said our Nabi (Sallallahu alayhi wasallam). The services of a bank may be used to…
I gave a brother a loan which he is unable to repay.
You cannot offset your Zakaat with debt owing to you. Your Zakaat will not be discharged. However, you may give the debtor your Zakaat, then after he has taken possession, you can…
I am moving out of the rented flat.
It is not permissible for the landlord to refuse refunding the deposit and to use it for painting the flat. His action is haraam. He must refund the deposit.
Customers pay me 50% deposit for products which I sell to them on a laybye system.
Once you have taken the deposit, the sale is concluded and final according to the Shariah. Your ownership is then extinguished. You are entitled to keep in your possession the item…
What is the ruling on a mufti who threatens this staff member by saying that if you don't do additional work like extra khidmat (outside working hours
The mufti who threatens his staff as you have explained is a zaalim (oppressor/tyrant). It is haraam for him to issue such threats and to oppress the workers. If workers work…
Relatives and friends have given money to my children.
Do not waste the money of the children. Do not spend their money recklessly buying toys and the like. Buy toys with your own money. If the children's money is sufficient to buy a…
Can the active partner in a partnership business receive a salary as well as profit share?
Shareholders in a partnership business (Shirkat) are entitled to only profit, not to salary. The partners have to proportionately share in both the profit and the loss. The salary…
Some of my female relatives work in banks and other institutions.
It is not permissible to accept gifts from women who work in the public domain, especially in banks even if they are close relatives.