17 Rabi al-Thani 1442

Islamic Economy

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Nov 2nd, 2020
ANSWER: No problem in this as long as everyone gets the same amount that they contributed, not a penny more or a penny less....
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Oct 14th, 2020
ANSWER: In order for any investment into the shares of a company, two conditions must be fulfilled: 1- The line of work is halal.  2- The company do...
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Aug 30th, 2020
ANSWER: I don’t know about this company or their dealings. It is not enough to have celebrities endorsing it without actually knowing their true ...
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Aug 30th, 2020
ANSWER: Trading in stocks is permissible providing that the line of work of such companies is halal and that they don’t finance their projects wi...
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Aug 6th, 2020
ANSWER: If the product belongs to you, it is permissible to sell it at any price you want....
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Aug 2nd, 2020
ANSWER: Pyramid schemes are not permissible....
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Jul 29th, 2020
ANSWER: If he is going to sell it to you after buying it, this is permissible as the sin is on him! However, you must not commit to buying it or give h...
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Jul 27th, 2020
ANSWER: If you mean by intraday is buying and selling on the same day, this is only permissible when there is no obligation to sell at a specific time....
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Jul 20th, 2020
ANSWER: This is not permissible as he is selling what he doesn’t possess....
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Jul 8th, 2020
ANSWER: This concept is a form of buying shares in a company or a project that one buys for a certain period of time where he is a partner in loss and ...
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Jun 22nd, 2020
ANSWER: It is permissible to share the profit in any percentage they agree upon. However, she should know that the percentage is from the profit and no...
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May 11th, 2020
ANSWER: If he sells you something that is well described to you while naming a fixed price and giving it to him in advance in full and he gives a fixed...
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Apr 29th, 2020
ANSWER: 1- In order for any investment into the shares of a company, two conditions must be fulfilled: 1- The line of work is halal 2- The company does...
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Mar 29th, 2020
ANSWER: It is also prohibited as you are agreeing to pay riba but after 24 months. ...
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Dec 22nd, 2019
ANSWER: If you are acting as his agent, you must first agree with him to the commission he is going to give you. You can’t sell it and make a pro...
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Nov 17th, 2019
ANSWER: This is permissible providing that those investing money know that if the investment has total loss in money, they will lose their money and ca...
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Sep 22nd, 2019
ANSWER: If the store deducts from your bank account 25 $, this is permissible as it is like using ATM card for withdrawing money from your account. ...
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May 22nd, 2019
ANSWER: You need first to know what is the percentage of your investment from the whole capital so that when you want out, you can estimate the actual ...
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Mar 23rd, 2019
ANSWER: We must study the transactions of such a company in order to figure out whether it is dealing in halal or in haram.  Money exchange issues hav...
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Mar 16th, 2019
ANSWER: You must be cautious as this sounds like a ponzi company and all your money would be lost. One must not believe whatever people say to him! His...