Trade

Lottery funding for Islamic projects?

Shaykh Muhammad ibn Adam al-Kawthari

I have recently started employment as a manager at a voluntary organisaton which is reliant upon funding to sustain and develop the local community in which we are based.

Leasing a car - Is it permitted, and if so with what conditions?

Sidi Salman Younas

Is leasing a car allowed? ie you make monthly payments so that in essence you are renting a car. Answer In the Name of Allah, Most Gracious, Most Merciful salamu `alaykum wa rahmatullah I pray you are well and in the bes…

Mutual Funds: Are they allowed?

Shaykh Muhammad ibn Adam al-Kawthari

Mutual Funds: Are they allowed?

Regarding Investing in the Stock Market...

Shaykh Muhammad ibn Adam al-Kawthari

I am slightly confused. Firstly, one cannot invest (i.e. buy shares) in a company without it being listed on the stock market.

Are Prize Bonds Halal?

Shaykh Muhammad ibn Adam al-Kawthari

There are two types of bonds: 1) Prize Bonds:£1 buys you 1 bond. No interest is accumulated or paid. You are always able to redeem your bonds for cash – the same amount as you paid originally.

Shared ownership schemes

Mufti Muhammad Taqi Usmani

There is a scheme in the UK which is called shared ownership. This allows a person to part buy and part rent a property. Typically a percentage equity would be up for sale so at 25% equity for a property worth 200,000 on…

The Fiqh of Working for a Bank

Shaykh Muhammad ibn Adam al-Kawthari

I am currently working for a bank, and I know at a basic level that you're not allowed to work in bank due to Interest.

Al-Azhar Fatwa Declaring Interest Permissible

Mufti Muhammad Taqi Usmani

There are media reports of a new Al Azhar declaration on Interest. This poses a serious dilemma for us in the West and your guidance is needed as to how we should deal with it.

Not comfortable with fatwa on stocks: does this make them haram for me?

Shaykh Faraz Rabbani

I have read an extensive article on this website by Mufti Taqi Usmani regarding the permissibility of investing in the stock market.

Borrowing Money Across Borders

Shaykh Faraz Rabbani

In 1960, I had borrowed R 40.00 from someone and subsequently forgot about it. How much do I repay now, R 40.00 or the present face-value? Answer In the Name of Allah, Most Gracious, Most Merciful Walaikum assalam, One w…

Buying and selling gold for profit?

Shaykh Abdurrahman ibn Yusuf Mangera

I would like to know if it is permissible to buy and sell gold for profit.

Can we take out a mortgage? It is both financially advantageous, and avoids a lot of immigration headaches for close relatives...

Shaykh Muhammad ibn Adam al-Kawthari

Can we take out a mortgage? It is both financially advantageous, and avoids a lot of immigration headaches for close relatives...

Can I work at bank which works with riba? I live in a non-Muslim country.

Shaykh Abdurrahman ibn Yusuf Mangera

Can I work at bank which works with riba? I live in a non-Muslim country. Answer In the Name of Allah, Most Gracious, Most Merciful Assalamu alaykum In the name of Allah most Gracious Most Merciful Interest and usury has…

Compensation Fund Increased in Value: Halal or Haram

Shaykh Faraz Rabbani

My cousin suffered an accident when she was younger and was granted compensation. This was then held in a trust fund until she was eighteen (she was not allowed to have the money by law) and as a result the money is more…

How to dispose of unlawful money

SunniPath Answer Service Team

I have haram money (from a savings account). So, I’m supposed to spend it on disposable objects. Does a computer mouse/a fan/ or any everyday object count?

Copyright Law is Binding: Answering the Argument The Copyright Is Haram Because It Contravenes Ownership Rights Owner At The Time

Shaykh Faraz Rabbani

Answering the Argument That Copyright Is Haram Because It Contravenes Ownership Rights owner at the time!

Delays in Making Credit Card Payments

Shaykh Faraz Rabbani

Is paying late fees on credit card bills allowed or is it considered riba? the full balance is paid monthly so no interest accrues ... however, if the person doesn't pay by the due date a late fee of a fixed amount is ch…

Would a career in real estate, as an agent, broker, or appraiser be permissible?

Shaykh Abdurrahman ibn Yusuf Mangera

Would a career in real estate, as an agent, broker, or appraiser be permissible? Answer In the Name of Allah, Most Gracious, Most Merciful Assalamu alaykum In the name of Allah, the Inspirer of truth.

Do our scholars understand? RE: I have put money in an endowment policy: Is this fine?

Shaykh Faraz Rabbani

There are two reasons for this. Firstly, interest, as the policyholder receives an excess amount on the original payment. Do you see now the problems that these fuqaha are having in their analysis of investments? This on…

My mother forgot to pay the credit card bill on time, and now there's an amount of interest sh

Shaykh Faraz Rabbani

My mother forgot to pay the credit card bill on time, and now there's an amount of interest she has to pay. On that card I had bought many things, including Islamic books, and other stuff. Is all this stuff now haram? Mu…

Investing in the stock market: Is passive income permissible?

Shaykh Muhammad ibn Adam al-Kawthari

I have read the answer to the question on investing in the stock market by Mufti Taqi Usmani (hafidhullah).

Getting Rid Of Riba Money

Shaykh Faraz Rabbani

I heard that its allowed in the Hanifi madhhab to give interest money to the needy, is this correct and if it is, does it include people with debts?

Honesty in Business Transactions

Shaykh Faraz Rabbani, SunniPath Academy Teacher

My friend works for a company (Muslim, overseas, engineering) and is one of the head engineers developing a certain product for a client.

Gifts from Bank Money and Salary During Leave of Absence

Shaykh Faraz Rabbani

Should one accept a monetary gift from one's father or mother in the form of a personal check (or cash) if he saves money in an interest bearing account? If not, why not? What if rejecting such a gift would hurt his feel…

Leasing a Franchise that sells haram products

SunniPath Answer Service Team

I would like to know if it is Halal for a Muslim to lease a food shop like McDonalds or Subway where pork will be one of the food items. And also is it permissible to start a gas station in which alcohol will be sold?

House Contract, A Girl, and Parents

Shaykh Muhammad ibn Adam al-Kawthari

I have a house with a mortgage my father helped me with the deposit off the house he made me sign a agreement that I would marry a Muslim girl.

How to Get Rid of Haram Money

Shaykh Faraz Rabbani

How to get rid of haram money? Answer In the Name of Allah, Most Gracious, Most Merciful In the Name of Allah, Most Compassionate, Most Merciful, There are a few important points here: 1. Giving and taking interest are b…

I have put money in an endowment policy: Is this permitted

Shaykh Muhammad ibn Adam al-Kawthari

I have an endowment policy that I put money into. The aim is that the money will grow through being invested on the Stock Market. The final value of the saving is not guaranteed and indeed I could get back less than I ha…

If you have a mortgage, do you have to pay zakat?

Shaykh Muhammad ibn Adam al-Kawthari

If you have an interest-bearing mortgage on a house, the amount of which is more than your total 'zakaatable' assets (which are above the minimum amount required to pay zakaat) then do you still pay zakaat?

Insurance Claims

These questions came to light after discussing them with ulema, who advise me to put forward these questions to Mufti Taqi Usmani sahib and inform them of the view of our beloved Mufti Sahib. 1. In England to have car in…