Q: I’m in the process of opening an Internet pharmacy and just needed clarification on which types of insurance would be permissible Employers liability. This is a legal requirement when employing staff and is to cover them in case of personal injury etc at work. If there was to be an incident then the potential […]
Read more...Category: 3. Contract wording Fatawa
Is the government contribution in the help to buy scheme permissible?
Q: Is it permissible to have a savings account for a help to buy scheme where, if u have about £12000 the government will give you £3000? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: The contribution paid by the government in an Help to Buy: ISA is actually a gift and not […]
Read more...Is it permissible to take a business loan which requires payment of an insurance premium?
Hawkesbay Investment Corporation Limited The business is in conformity with standards and in line with normal corporate ethics. Based on the loans agreement drafted by our client and we guarantee that our client will only enter into a legitimate business transaction as proposed with the funds. Legal & General Insurance company hereby guarantee the safety […]
Read more...Can I use an Auto-Order option for online trading?
Q: In trading, when looking at charts, you can leave a auto-order to buy for you when price reaches a certain level. If you are not there at this time, is the purchase permissible? Is your presence necessary for the contract? Sometimes, you might be asleep but want to purchase at a given price, so you […]
Read more...Is dropshipping permissible?
Q: I have a question which I was hoping you could shed some light on insha-Allah. I’m looking to start an online store insha-Allah. There is one model which is pretty common now, which you would offer a product to the customer but you haven’t purchased it yet from the manufacturer. Once your customer places […]
Read more...Due to the nature of the IR35 tax legislation, Can I take out insurance cover?
Q: HMRC have made a law against disguised employees in (April 2000) who are operating under a Ltd company. This law is called IR35. The problem is no matter how safe you think you are if case goes to court its just simply your word against theirs. If you represent yourself you will mostly likely lose the […]
Read more...If my wife isn’t working can I make National Insurance contributions on her behalf?
Q: Is it permissible to make voluntary National Insurance contributions for my wife who is not in work and will not be in work for the coming years? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If your wife is unemployed and not receiving any benefits she can pay voluntary class 3 contributions. See:https://www.gov.uk/voluntary-national-insurance-contributions/who-can-pay-voluntary-contributions If your […]
Read more...Presales and Assignment in Islam
Q: I would like to know what can make a pre sale purchase and assignment before ownership halal? In general, the model is some brother pay down payment on a property that is under construction and agree on a purchase price at completion over a year or more, and then by the time its ready before […]
Read more...Can we sell on the Amazon website using the Fulfilment by Amazon (FBA) arrangement service?
Q: I have a question regarding selling on Amazon. The way it works is you buy stock from a supplier of a particular good which are often abroad. You also have an Amazon warehouse (which you pay to use) where the goods are sent following purchase. When good gets bought by an online buyer off of […]
Read more...Is the CARE pension scheme offered by Network Rail permissible?
Q: I understand you have answered questions regarding CARE pension schemes and regard it as permissible. However the option (from Network rail) I have been given states that I contribute 7% of my pensionable salary to earn a unit of pension which is 1/60 of the salary. The company states that employee contributions cover 40% […]
Read more...Can we take part into the Free Postcode Lottery?
Q: I came across the Free Postcode Lottery http://freepostcodelottery.com/ http://www.moneysavingexpert.com/deals/free-postcode-lottery#fpl and was wondering whether this is Halal to take part in? You don’t pay to enter and they are funded by advertising. الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: The is no apparent prohibition in entering the Free Postcode Lottery.
Read more...Is the new NHS pension scheme shariah compliant?
Q: The CARE (Career Average Revalued Earnings) is a type of defined benefit pension scheme. A defined benefit scheme guarantees a certain level of benefit at retirement, according to a fixed formula. In this respect it is similar to the current final salary sections of the NHS Pension Scheme. In a CARE scheme your pension is […]
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