Islamic economy

Sheikh, i watched your video where you’ve mentioned about buying share is not halal if a company involved in 50% or 70% riba. As all the companies in my country by default involved in some sort of riba transaction, what percentage of riba involvement of a company will make it permissible to buy it’s share?

26 Oct

ANSWER: There isn’t any prescribed percentage. Some scholars say that even one percent is prohibited as you are part of the owners. Other scholars said that it shouldn’t exceed one third of the financing as the third is used a lot in sharia.

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Islamic Banking….is just the Name enough to make it halal?

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i want to buy a flat but i am wondering if i can go with the installment plan which is interest free..but the project is like if i buy directly from an owner who already bought that flat from a builder few years a go on installment it costs me 300k but if i buys the flat from builder it costs me 350k but it will be divided on 60 monthly installments.builder have only this option

Islamic economy

17 Apr

If the 350k is fixed and can’t be increased even after 60 months, this is permissible.

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21 Aug

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Contemporary Islamic Issues Jan 14th 2016 #HUDATV

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11 Mar

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my friend’s husband sold his house after he converted to islam because he found out that it is haram. Then he looked for islamic banking housing and now they bought a house with islamic banking thinking that’s halal because the imams are saying that it is permissible. So will they be held accountable for that sin or not since they are following the imams fatwa?

Islamic economy

09 Nov

If they believe that these Imams are knowledgeable and know, there is no sin on them in sha Allah,

What is the ruling on spending money in shops that are accused of giving money to the yahood in Israel who are oppressing the Muslims?

Islamic economy

08 Nov

Buying from the disbelievers is permissible as the Prophet salla Allahu alaihi wa sallam and his companions used to deal with the Jews, Persians and the Romans. However, it is best for a Muslim not to buy from them if there is an alternative.

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