Category : Monetary Affairs

  • Islamic home finance

    I am looking into the option of Islamic Home Finance in Canada. Currently considering 1. Aya Financial http://ayafinancial.com 2. Zero Mortgage http://www.zeromortgage.ca/ 3. IjaraCDC <a hr...

    22 Aug 2019 Ref-No#: 2152
  • Lease option agreement

    Is lease option agreement is halal. WHAT IS A LEASE OPTION? A lease option is a legal agreement that allows you to control a property and generate income from it, with the right (but not the obligation) to buy it later. It’s actually two separate agreements bundled into...

    21 Aug 2019 Ref-No#: 2128
  • Inheritance rules on mother’s earnings

    Asalaamalaikum warahmatullah, I would like to ask a question regarding inheritance especially in the modern day and age where women are now also more often then not, earning money from their own occupations. I know in Islam traditionally a boy receives 2 shares and a girl 1, however...

    21 Aug 2019 Ref-No#: 2138
  • Buyback option for a plaza shop

    Party 1 is building a plaza and selling a shop to party 2 for $100,000. The plaza will be ready in 2.5 years. Party 2 will pay full payment of the shop now. Party 2 has the option to sell the shop back to Party 1 after 2 years and before 2.5 years at $115,000. 1. Is this deal permissible un...

    21 Aug 2019 Ref-No#: 2150
  • Arranging finance

    Can you please advise on the following, I run a business selling cars, the business was started with money saved up, not with a loan. We arrange finance at the request of the customer, we do not provide the loan for the vehicle the finance company does, we don’t take any commis...

    21 Aug 2019 Ref-No#: 2070
  • LOAN REPAYMENT

    Assalamu Alaikum Mufti sab I want an Islamic guidance or ruling on my matter: I had borrowed money from my brother in law to buy a house equivalent to US$65,000 We agreed that I cud make my repayments flexibly to me The amount borrowed by me was in Local Malawian cur...

    22 Jun 2019 Ref-No#: 1959
  • Father’s Wish to divide his properties equally among his children

    Assalamu Alaikum Wa Rahmatullahi Wa Barakatu 1. My mother passed away on September 2010, 2 .My father passed away October 2018 leaving three daughters and a son as heirs 3. Properties are earned by my father but He bought all in my mother’s name 4. When my father wa...

    20 Jun 2019 Ref-No#: 1937
  • sadaqah jariyah

    ,السلام عليكم ورحمة الله وبركاته I want to start sadaqah jariyah. So let’s that I’ve donated $100, would that be considered as sadaqah jariyah? Lastly, can you tell me what is the best sadaqah jariyah idea which gives the most benefit? ...

    12 Jun 2019 Ref-No#: 1896
  • Zakat on Child Trust Bonds

    Assalamu Alaikum Wa Rahmatullah I apologise in advance for the long question that I am about to ask. It is related to Zakat and I will try to make it as short as possible. I have been paying Zakat on off just to stay safe, even though I don’t work, I do have a little sav...

    04 Jun 2019 Ref-No#: 1861
  • Returning a book to the library with kufr in it

    Salam alekom. Is it obligatory for me to return a book to a library that has elements of kufr and sin in it (if the library demands me to do this, because it is their property and they would fine me if I don’t do it)? Are there differences of opinion on this matter? ...

    02 Jun 2019 Ref-No#: 1744