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    Answers with Tag: customer

    Is it permissible to work in this company and receive halal earnings?

    Can I keep 10,000 of the customer’s payment to cover my loss if I cancel their order?

    Trade Questions

    Interest Bearing Loan for House Purchase

    Business Transactions: Advance Payments, Discounts, Etc.

    ATM Leasing and Sales

    I am interested in the Forex SPOT trading business and would like to know if it is halal. The trading that I will be doing will be as follows: Let’s say, I invest $1,000, the broker invests or lends $99,000 and together we buy the currency like euro worth $100,000. The broker will not charge any interest on the money that he invested or lend, because it will be a Shariah compliant account.     – If the rate of the euro goes up and I decide to sell the euro. The broker will take a small share of the profit and rest is given to me     – If the rate of the euro goes down below a certain margin which is determined by the amount I invest, my broker will close the trade and take his money back and I will lose the money I invested. Also, another place were interest may be involved is when the buying and selling is not done on the same day, then a rollover occurs which mean that either we have to pay interest or give interest on the currency you have bought, but the brokers is offering a swap free or interest free accounts for Muslims only, in which, even if you do not close the trade on the same day, they will not debit or credit any interest. I am interested in Spot trading not Future trading. Please let me know if this type of trading is halal.  

    Extra Freight Charges Kept by Airline Employees

    Pigskin for Shoes

    What makes a contract Shari’ah compliant?

    Is my job halal at a gas station that sells beer, wine etc?

    Is it permissible to act as an agent in the following scenarios?

    Is Goodwill permissible?

    Working at KFC

    Using credit card