Tag Archives: finance

  • Ownership of the house bought through the muncipality

    Salam Mufti,

    Can you assist with the following:

    A father intended to buy a house through the municipality and applied for it at the municipality and his application was accepted. Since he did not have enough money, his eldest son paid the installments of the house and consequently h...

    27 Feb 2018 Ref-No#: 307
  • Paying off the debt of the deceased

    Assalamu ‘alaykum wa rahmatullahi wa barakatuhu Mufti Sahab,

    Recently a brother passed away (rahimahullah), and we’ve been informed that he left behind a debt of 180’000 euros to privates and 200’000 to business/bank (I don’t know precisely).

    Now, the widowed “wife” is...

    26 Feb 2018 Ref-No#: 302
  • Paying zakaat on money earned at a temporary job

    Asalaamu Alaikum wa rahmatullahi wa barakatuhu

    I am 18, i sometimes work at my fathers shop when they are short staffed. He pays me for the days I work and this money is for my own use, whether I,d like to spend it or save it.

    Do I have to pay zakaat on this money?

    Shukran wa...

    26 Feb 2018 Ref-No#: 295
  • Payout of the pension fund

    Assalamu alaykum,

    A) If a person had a Compulsory Pension Fund, and he made a bequest that if he passes away before the money can be released, the funds should be given to his ailing mom. Now that he passed away before that, and the Pension Fund made the payout, will the mother be entitled...

    26 Feb 2018 Ref-No#: 292
  • Purchasing something re-possessed by the bank

    Assalamu alaykum Mufti, I would appreciate if you could kindly assist with the following:What is the ruling of repossessed items? Is it permissible to purchase re-possessed items from the bank? What is a person already purchased such items? Thanks

    26 Feb 2018 Ref-No#: 276
  • Ruling on car insurance

    Assalamu alaykum,

    Is car insurance permissible? If not, will it be permissible to learn how to drive using a car that is insured?

    26 Feb 2018 Ref-No#: 253
  • Ruling on Selling Newspapers and Magazines

    What is the ruling of selling Newspapers, magazines,etc which contains obscene material, gossip or other salacious material? The customers who will purchase these are mostly non Muslims.

    26 Feb 2018 Ref-No#: 251
  • Seller knowing that the customer is paying with money loaned from the bank

    Assalamu alaykum wa rahmatullahi wa barakatuhu

    If a buyer pays with a cheque, and the seller knows that the buyer took a loan from the bank to pay for his goods, will it be permissible for him to conclude the deal?

    Likewise, if I sell cars and I know the customer is financing it thr...

    26 Feb 2018 Ref-No#: 242