BUYING ON INTEREST

QUESTION: As Salaamu Alaikum, I would like to know if financing directly from the manufacturer/owner is halal? No banks involved. Eg a company is offering their products for sale under a 5year financing term with a 5% interest rate. Although they are calling it interest […]

NISAAB & ZAKAAH

As Salaamu Alaikum, QUESTION: If my cash savings and the value of my gold is not equivalent or more than the gold nisaab I saw listed on the site, does that mean I have to pay zakaah. Both would of course be more than the […]