Category : Monetary Affairs

  • Bank

    ,السلام عليكم ورحمة الله وبركاته I’m thinking to start and open a Bank. As we know, we should not provide loans with requiring Interest (Riba, is the Cost of Borrowing Money). So my Business Model will be that I’ll provide loans to people and j...

    07 May 2019 Ref-No#: 1627
  • Commission

    I am a real estate broker, who helps sellers find buyers and buyers to find sellers, and get a commission (from buyer or seller money) for this work. Suppose the buyer I found deals with usury (Riba). Is it permissible in Islam to receive this money (commission)? Suppose the ...

    29 Apr 2019 Ref-No#: 1590
  • Fasting during pregnancy

    Assalamualikum. I will be in the last month of my pregnancy during ramadan. I wanted to ask that what is the ruling of fasting for me this ramadan since i will be nearing the end of my pregnancy. If i do not fast, can i still offer taraweeh or not? ...

    15 Apr 2019 Ref-No#: 1533
  • Permissibility of insurance

    Assalamualaikum, my parents bought for me 2 different insurance policies for me a couple of years back. One of the policy is that I have to pay premiums for 10 years and I’ll be covered for death and terminal illness until the policy matures which is around 50-60 years laters. The other pol...

    19 Feb 2019 Ref-No#: 1412
  • Property distribution after fathers death

    My father passed away last year leaving behind some property, We’re 4 sisters, 3 brothers & our mom. Two of Four houses from father property are occupied by brothers & mother , while the rest is on rental basis. All rent goes to brother & mother. I would app...

    19 Feb 2019 Ref-No#: 1360
  • Enjoying Free Services against given Loan.

    Aslamo-alaekum. As we all know ‘Riba/Usury’ is ‘Unjustified increment in borrowing or lending money, paid in kind or in money above the amount of loan’. If someone takes loan ($1000) from you and pay you back the same amount which is ($1000) after one year, b...

    17 Feb 2019 Ref-No#: 1367
  • Avoid tax using off shore payment

    Salaam alaikum. I live in europe. Each year I have a to pay tax on my income. Here tax is quite high but Alhamdulillah I am always paying. I work full time here however lately I am struggling financially. So this year I made an arrangement with my employer which is as follows: I will...

    15 Feb 2019 Ref-No#: 1372
  • Personal Indemnity Insurance Haram?

    Asalaamualaykum I am currently working as an optician in the UK where we have to be covered with personal indemnity insurance by law, which gives us legal cover if we are sued by a customer. At the moment my employer covers this for me but I’m planning to change jobs and won’t b...

    14 Feb 2019 Ref-No#: 1381
  • Inheritance

    Aslm Mufti Sahib I have a question regarding a masala. Example: There’s a land. 10 people have a haq over it. Zaid tells the remaining 9 inheritors to come and demarcate your haq so I can take my portion. The remaining 9 inheritors don’t come to demarcate and choose their portion of t...

    13 Feb 2019 Ref-No#: 1286
  • Discount pull

    I‘m going to go with my husband to Dubai. He doesn‘t understand all of islam fikh, and sometimes we have a lot of misunderstandings because of this. He wants to buy discount pull. It offers to get discounts from a lot of organizations in dubai. Is it permitted to buy this to get good discount...

    04 Feb 2019 Ref-No#: 1346