Q. What are the permissible financial investments an individual can make? A. There are different modes of financial investments that a person can make. However, all must conform to the guidelines and principles of the Shariah. At the onset, one must refrain from every such […]
Q. Can we use a Credit Card if we replace the monies used before interest is added on? A. Yes, it is allowed to use the credit card as long as you stay away from paying interest. This means that you must always make your […]
Q. What is Darul Uloom’s view on boycotting certain companies or products that give of their profits to support Israel’s expansion and oppression. A. It is permissible and in fact, encouraged in Islam for one to boycott certain companies who use their profits to support/help […]
Q. My questions concerns working and investing in the Unit Trust. I am an employee of that firm. Are there chances of my earning being haraam? I read the article on investing in the UTC. However, I have researched the companies in which investments are […]
Q. I gave my mobile phone to a friend for repairs. Some days later he give me back my mobile phone and said that there is another problem in it, maybe the battery. When I took my phone from him it was the same as […]
Q. I would like to know if I have intentions of leasing out a part of my property and the tenant decides to sell alchol and certain meats, would this be acceptable in our Muslim Faith? A. Owing to the nature of the intended business, […]
Q. With the cost of goods and services increasing ever so rapidly, it’s very unlikely that most people would have enough money in cash to purchase expensive items such as a car, house and land, etc. They are required to take a loan. When taking […]
Q. My friend works as a Manager in a commercial bank. According to the banks reports, more than 50% of their profit is from interest. My friend wishes to donate a rug for the masjid floor. Can we accept it from him? If not, how […]
Q. I am in a 50:50 business partnership with someone who is not a Muslim and does not agree to paying Zakaat. Can I pay Zakaat on the 50% of the stock and funds or should I pay on all? A. You are simply required […]
Q. What can one do with Interest that accrues in a bank account? A. Interest which has accrued in the bank must be taken out and given to the poor and needy. And Allah knows best. Mufti Waseem Khan