30 Dhul-Qa'dah 1443

Islamic Economy

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May 23rd, 2022
ANSWER: Once it becomes legal, official and approved by monetary systems in the world, only then we can revise the fatwa. Until then, the ruling stays ...
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Dec 15th, 2021
ANSWER: The profit should be a fixed percentage, on the actual profits the company makes and not a fixed amount of money. If you don’t share any loss...
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Oct 2nd, 2021
ANSWER: The prophet salla Allahu alaihi wa sallam said: The honest truthful merchant is with the Prophets, Siddiqeen and martyrs on the day of judgment...
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Sep 1st, 2021
ANSWER: No problem in this if you don’t have the option of current account and if there is no Islamic bank in your city. And if you get any inter...
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Jun 29th, 2021
ANSWER: Of course you are totally sinful for signing on such papers and a partner in Allah’s curse to him and to you, equally! ...
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Apr 8th, 2021
ANSWER: You must take the actual amount from them unless you have a deal with them beforehand that you will take so much money for buying that for them...
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Mar 16th, 2021
ANSWER: No, this is not permissible. The deceased person’s heirs will inherit him after he dies....
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Jan 28th, 2021
ANSWER: You must have it done legally with proper paper work and documents. Many friends turned into enemies because of similar incidents. ...
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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...