QUESTION: My mother bought a property before marriage with her own money which my father forced her to sell and he bought another apartment with that money. Now that apartment is on rent and my father takes the rent money. Since the property is on my mother’s name, is my father legally and islamically allowed to take the rent himself and not give it to my mother?

Fiqh of Marriage, Inheritance, Islamic economy
18 Jan

ANSWER: If it is in your mother’s name and was bought with her money, he has no right in the rent or in anything related to it. 

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QUESTION: I buy currencies online(not forex). I can put a automatic order to buy Riyals when they reach a certain price. My order may be filled for a slightly better price, since its looking for a seller at that price. So if I set a limit order at 2 euro per Riyal, it may also execute if it finds a seller at 1.99 euro per Riyal, which is better. It will never execute at worse price only better.

Halal/Haram Matters, Islamic economy, Jobs
28 Nov

ANSWER: This is not permissible and it is a form of riba. 

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QUESTION: If my aunt asks me to buy soap for her, and I buy it and then sell it to her while keeping some profit for myself, is this halal for me to do?

Islamic economy, Jobs
29 Aug

ANSWER: This is not permissible if you’re doing it without her knowledge!

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QUESTION: Is freelancing for a company/individual I have limited information about as to whether their activities are halal or haram considered a haram income?

Halal/Haram Matters, Islamic economy
12 Aug

ANSWER: It is not haram income unless their activities are actually haram. Your job is halal as long as your job description is halal and you are not collaborating with them on haram! It is illogical to work for a company or an individual only to learn later on that they deal in haram which […]

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QUESTION: I know a person X he told me that he supply blezzer to Y at 600 dollar…..I thought to supply blezzer to Y at 550 dollar am I sinful because person X told me casually about it and I am taking advantage of it.. can I do this?? Am I cheating him

Islamic economy
09 Aug

ANSWER: It is not permissible to sell and cut off your Muslim brother by going to his buyer and telling him that you can sell it cheaper so that he stops dealing with him and buys it from you!  No Muslim would behave in such a fashion and betrays his Muslim brother like this! 

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QUESTION: Is future trading halal??? ..

Islamic economy
28 Jul

ANSWER: In Islam, it is prohibited to sell what you don’t actually possess. You are bidding over a speculation of stocks that you don’t own! This is gambling and prohibited transaction. 

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QUESTION: Imagine two individuals, X, and Y. Person X lent 1 lakh (100,000) to Y to help start a business. X wants to receive a specific percentage of the profits Y earns from that 1 lakh after a certain period. Will the profit that X receives be halal?

Islamic economy, Loans
16 Jan

ANSWER: If this is a loan, this is clear riba and one of the major 7 sins in Islam.  If he is a partner or investor, he should also be liable for loss and ready to lose his money if anything goes wrong in the business.  A loan can only be given and taken back […]

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QUESTION: If I get treasure in an unknown place and know that it is from nature. If I took those and sell to get money. Is that be halal for me ?

Islamic economy
28 Nov

ANSWER: If you found it in a land that doesn’t belong to anyone and it has the marks of pre-Islamic period, it is yours after giving 20% of it to the poor and needy Muslims. This is called as rikaz.

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QUESTION: Is it true that there is a legitimate, respected difference of opinion on whether forex trading is halal or haram? Majority say it’s haram right? Can one follow the opinion of it being halal, without being blameworthy? This person is a layman.

Halal/Haram Matters, Islamic economy
05 Jun

ANSWER: Such cherry picking can’t be considered part of Islam as this is forming your own new religion! https://islamqa.info/en/answers/106094/ruling-on-dealing-in-currencies-in-the-forex-system-and-paying-fees-for-delaying-the-deal

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QUESTION: We gave some money as qarz to someone in foreign currency now many years has been passed and currency rate has changed Are we sinful if we demand the qarz back in same currency in which it was given to them? There was no agreement at that time about currency

Islamic economy
23 May

ANSWER: You must take back the same currency you gave to them.  If you gave it to them in rupees, you must take it back in rupee. But if you gave it to them in dollars, you must take them back in dollars.

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