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  • This is about taking a sub- brokership (also known as Franchiser) in the Share Trading Company.                        In the Sub-Brokership we run a business where the share traders open there accounts and trade (Buy/Sell Shares, Futures, Options) through us. These traders are called Clients. We get a percentage of the brokerage fee as agreed between us and the Share Trading Company. Kindly tell me is this kind of business is permissible in Islam…

    August 27, 2012
    Franchise of a Share Trading Company By Mufti Shafiq JakhuraPosted: 28 Muharram 1431, 14 January 2010 Q. This is about…

  • Celebrating Islamic New Year

    August 27, 2012
    Celebrating Islamic New Year By Mufti Shafiq JakhuraPosted: 28 Muharram 1431, 14 January 2010 Q. I have noticed many Islamic…

  • Combining Zuhr and Asr at ‘Arafah

    August 27, 2012
    Combining Zuhr and Asr at ‘Arafah By Mufti Shafiq JakhuraPosted: 28 Muharram 1431, 14 January 2010 Q.Is it permissible to…

  • Using Scented Soap for Shaving to End the State of Ihram

    August 27, 2012
    Using Scented Soap for Shaving to End the State of Ihram By Mufti Shafiq JakhuraPosted: 28 Muharram 1431, 14 January…

  • I need your help to resolve a personal problem that has made my life very difficult for many years.

    August 27, 2012
    Difficulty Sustaining Wudu By Mufti Shafiq JakhuraPosted: 28 Muharram 1431, 14 January 2010 Q.I need your help to resolve a…

  • Standing Alone Behind the Jama’ah

    August 27, 2012
    Standing Alone Behind the Jama'ah By Mufti Shafiq JakhuraPosted: 28 Muharram 1431, 14 January 2010 Q.Could you please explain whether…

  • My question is regarding taqdeer (fate): if Allah has written the taqdeer for every individual, then why does He punish accordingly, since it is He that has prescribed this . For example the u ncle of the Prophet , (Abu Talib) was not able to accept Islam as Allah did not appoint him with hidayat (guidance). If that was the way Allah had prescribed his life, then why should he be punished?  

    August 27, 2012
    Taqdeer By Mufti Shafiq JakhuraPosted: 28 Muharram 1431, 14 January 2010 Q.My question is regarding taqdeer (fate): if Allah has…

  • I work in a software house as software engineer. We build software product for NYSE, CBOE etc. The product is used to create orders for equity and  0ptions.  There are also other functions in the system as well related to the trading.  The product is only used for operations related to order creation and routing. There is no risk management, interest management or any other such management involved in it. Although one component of the system is involved with commission calculation and allocation of shares at end-of-day of the trading. Please note that the same product is also used for equity trading.   Now I have read that option trading is not allowed in Islam, so I want to know if building such software products for option trading would be halal or haram? And salary earned by such work would be halal according to Islam?   

    August 27, 2012
    Developing Options Trading Software By Mufti Shafiq JakhuraPosted: 18 Dhul Hijjah 1430, 5 December 2009 Q.I work in a software…

  • I would like to know if celebrating wedding anniversaries is permissible in Islam. Also if celebrating them is allowed then what is preferable.  

    August 27, 2012
    Wedding Anniversaries By Mufti Shafiq JakhuraPosted: 18 Dhul Hijjah 1430, 5 December 2009 Q.I would like to know if celebrating…

  • When to Rise up to Complete Remaining Salah In Jama’a

    August 27, 2012
    When to Rise up to Complete Remaining Salah In Jama'a By Mufti Shafiq JakhuraPosted: 18 Dhul Hijjah 1430, 5 December…

  • I would like to know what is the minimum number of muqtadis necessary for a Jamaat (apart from Jumaa which requires 3 muqtadis apart from the Imam)? Kindly answer in light of Hanafi school of thought.   

    August 27, 2012
    Minimum Number of Followers in Congregational Prayer By Mufti Shafiq JakhuraPosted: 18 Dhul Hijjah 1430, 5 December 2009 Q.I would…

  • Nasheed Questions

    August 27, 2012
    Nasheed Questions By Mufti Shafiq JakhuraPosted: 18 Dhul Hijjah 1430, 5 December 2009 Q.I would like to know regarding present…

  • I am interested in the Forex SPOT trading business and would like to know if it is halal. The trading that I will be doing will be as follows: Let’s say, I invest $1,000, the broker invests or lends $99,000 and together we buy the currency like euro worth $100,000. The broker will not charge any interest on the money that he invested or lend, because it will be a Shariah compliant account.     – If the rate of the euro goes up and I decide to sell the euro. The broker will take a small share of the profit and rest is given to me     – If the rate of the euro goes down below a certain margin which is determined by the amount I invest, my broker will close the trade and take his money back and I will lose the money I invested. Also, another place were interest may be involved is when the buying and selling is not done on the same day, then a rollover occurs which mean that either we have to pay interest or give interest on the currency you have bought, but the brokers is offering a swap free or interest free accounts for Muslims only, in which, even if you do not close the trade on the same day, they will not debit or credit any interest. I am interested in Spot trading not Future trading. Please let me know if this type of trading is halal.  

    August 27, 2012
    Forex Trading By Mufti Shafiq JakhuraPosted: 18 Dhul Hijjah 1430, 5 December 2009 Q.I am interested in the Forex SPOT…

  • What does Islam say about tobacco/cigarette based business/job? Actually I am Director Sales & Marketing of a world renowned tobacco group and some of my Muslim brothers told me that it is Makroh-e-Tehrimi (close to Haram). They tell me that I am selling cancer stick, and I will be held accountable by Allah because of my role in expanding heart diseases and cancer. I am very much curious since I am earning a living through this business.    

    August 27, 2012
    Earning a Living from Tobacco Sales By Mufti Shafiq JakhuraPosted: 18 Dhul Hijjah 1430, 5 December 2009 Q.: What does…

  • Seeing the name of Maulana Mufti Taqi Usmani in the Shariah Board and reading his fatwa on the permissibility of Meezan Bank products, I opened a saving account with Meezan Bank Limited. Now I have found out that there is a controversy on the subject and even Mufti Taqi does not recommend the bank now. Please guide me should I continue with the said bank or not? Where I should keep my money if even this bank is not Shariah compliant?  

    August 27, 2012
    Meezan Bank By Mufti Muhammad Taqi Usmani Posted: 19 Rajab 1430, 12 July 2009 Q.: Seeing the name of Maulana…
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