QUESTION: As Salaamu Alaikum, Is it permissible to invest in mutual funds (for example in Unit Trust Corporation) whereby the investor does not utilize the dividends, but instead cashes in on the increased share value price over the initial investment? ANSWER: Wa Alaikum As Salaam, […]
QUESTION: As Salaamu Alaikum, I have heard that life insurance is forbidden in Islam. If, at the end of the insurance period I get my premiums refunded WITHOUT any interest will this be permissible? Also, with regard to my pension plan; if I can get […]
QUESTION: As Salaamu Alaikum, Husband and wife went into business 50/50 Business was not making much money, no profit or salary was given to either the husband or wife, whatever profit made, was used to pay workers and run the home of the husband and […]
QUESTION: As Salaamu Alaikum, Wanted to find out in FCB they have an investment name Immortelle Fund which gives out dividends is this account permissible to open? Thanks ANSWER: Wa Alaikum As Salaam, With respect to what you have asked about, I have checked the […]
Question: Assalaamu Alaikum Mufti, When it comes to marketing online for items, there are often a lot of material that can be used. However, music is often used in the marketing videos for the items etc. I wanted to know if we have to silent […]
QUESTION: As Salaamu Alaikum, I am enquiring if the business of renting event/party decor, backdrops and set ups et . will be considered a safe and halaal means of earning income or if it would be unquestionable? Someone brought it to my attention that non Muslims may use such […]
QUESTION: As Salaamu Alaikum, I was wondering, if you all are familiar with First Citizens, they have an investment account called the Abercrombie account. Is it permissible to join that account? ANSWER: Wa Alaikum As Salaam, The Abercrombie Fixed Income Fund is an investment fund […]
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 […]
As Salamu Alaikum QUESTION: Is it permissible to day trade stocks. Kindly Share Fatwa Jazakallah Wa Alaikum As Salaam, ANSWER: Day trade stocks entail buying stocks and selling them on the same day. It will be permitted to do such trading when one owns and […]
As Salaamu Alaikum, Question: I wanted to know if mining crypto currency via a PC is allowed? Mining with a PC involved a program on the PC that is running an it uses graphic cards on the PC to do the mining with. Wa Alaikum […]