Category : Monetary Affairs

  • Salary of an Accountant who is working in Pay and Use Toilet company.

    Assalamualaikum Sir, Actually my sister is working as an Accountant in Pay and Use toilet company. But her work place is another place. Many times my sister is worried thinking that her income is not halal. I want to know whether my sister’s Income is Halal? Please reply at th...

    26 Nov 2018 Ref-No#: 1209
  • Property distribution as a gift to child and grandchild

    As Salamu Alaikum, My father has two children. (a). me (daughter) and (b). Son (my brother).I am married with 3 children (2 daughters-10 years and 3 years, 1 son-6 year). My brother is just married for 6 months no children yet. My father has many property and cash. He ...

    08 Nov 2018 Ref-No#: 1176
  • Working for Fostering Agency

    Asalamualaikum I was wondering if it was halal to work in a fostering agency doing admin work. I could work to promote the agency and help recruit new foster carers. I’m worried about possibly having to recruit carers with kids who have reached puberty. This is an issue becaus...

    05 Nov 2018 Ref-No#: 1165
  • Loan Interest Hukm

    Assalamu’alaikoom Ya Mufti, Please kindly explain to me why a conventional loan annuity interest that is originally Haram due to Riba can change to Halal after the said interest is converted to Ujrah and the said Loan Transaction is converted to the ‘Aqad Ijarah. Jazakallah khair....

    25 Oct 2018 Ref-No#: 1144
  • Teaching and researching Finance

    Assalam-O-Alaikum, Is it permissible to teach Finance (this would include teaching about interest and how to use it for calculations)? Also, is it permissible to do academic research in Finance (research may be on bonds or other interest bearing instruments and even if it is not directly r...

    23 Oct 2018 Ref-No#: 1123
  • Rulling of shariah on money as gift

    Assalam o alikum , My question is someone has given some money to me as gift for my personal usage such person is Hindu ….. I wanted to know tht money can I use for religious purposes of the following 1) perform umrah or Hajj 2) give sadqa 3) help poor for the ...

    18 Oct 2018 Ref-No#: 1106
  • follow up to Ref-No#: 1079

    With reference to my earlier question 1079, one solution given is that sign the rental contract first, and then sales contract, but how can i sign the rental contract and lease to someone , when i do not own that asset ?. Isnt the proper way to buy first and then rent out. ...

    17 Oct 2018 Ref-No#: 1097
  • PARENTS WILL

    My grand father (maternal) has 3 daughters and 1 son, he recently received funds from the sold property of his own father, most of his brothers have already distributed these funds among his daughters and sons, but my grand father claim is that he will not distribute this during his life and only...

    17 Oct 2018 Ref-No#: 1081
  • Property investment

    As Salaam Ua Alaikum. As one would invest in a company by buying shares and remaining a silent investor having absolutely no input in the day to Day running of the company and simply taking ones dividend at the end a particular period. (For example buying shares in Apple stock – you have no...

    15 Oct 2018 Ref-No#: 1095
  • Sell and Leaseback in Islam

    Assalum a Alaikum Mufti Sahib, The answer to this question will not only help me but many others also. I have an opportunity to buy a hotel apartment in Pakistan.In technical terms it is called “sell and leaseback” deal .The scheme works like following: 1. I will ...

    11 Oct 2018 Ref-No#: 1079