business

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Microfinance: Is it Islamically Permitted for a Financier to Demand a Fixed Return from the Borrower?

Shaykh Muhammad ibn AdamRead

How does a Muslim scholar, serious student, and others who have devoted their lives to the service of Islam and the Muslims support himself/herself? I ask because this is perhaps one of the main reasons why parents don’t wish for their children to become scholars of Islam — they are usually poor, they don’t get paid much at all (if at all), and they attract trouble from different extremist groups. I come from an upper middle-class family. How can I convince my parents that I can become a Muslim scholar and have sufficient finances to support myself and my family?

Shaykh Muhammad ibn AdamRead

Question on the Fiqh of Financing

Shaykh Muhammad ibn AdamRead

I want to ask about this justification which I use based on understanding of some Ulema and majorly my own understanding, which I think could be wrong too, but if Ulema of Sunni Path concur then Insha ALLAH I will stick to it firmly, its about Riba and I want it to be clarified because Insha ALLAH I would be getting into Business field very soon. If a Bank gives you Service and takes a certain amount of money from you then would it be considered as Riba? Like for instance I am a Bank who says to Person X that I will secure your money of Rs 10,000 for the time period of 1 year and in return I take a calculated and fixed amount of money say for example Rs 1000, would this be considered as Riba? My Second Question is regarding Loan, for instance I take loan of Rs 10,000 from a Bank and the Bank says it will charge me Only Rs 1000 at the end of tenor and I will have to return the money in any case even if my business goes in loss would that be considered as Riba?, because usually what happens in Pakistan is that you have to payback the loan with interest so kindly distinguish between these 2 kind of situations.

Shaykh Muhammad ibn AdamRead

If One has not Paid Zakat for Several Years, How Does One Calculate it?

Shaykh Muhammad ibn AdamRead

Selling Cigarettes in one’s Newsagents Shop

Shaykh Muhammad ibn AdamRead

Zakat on Long and Short-Term Loans

Shaykh Muhammad ibn AdamRead

Zakat and the Subtraction of Loans

Shaykh Muhammad ibn AdamRead

I would like to know if it is ok to invest in the stock market, or work as a stock broker

Shaykh Muhammad ibn AdamRead

Do you have to pay back what you stole when you were a small child? Is it better to repay the actual store you stole from, or the major corporation? And I already repaid some stores, some which have changed their business (meaning one store became a different store, same items sold though), does this count as repayment? Can one take this cheaper option of paying insurance instead of risk losing £500?

Shaykh Muhammad ibn AdamRead

Ratio of Profit in Partnerships across the Madhhabs

Shaykh Muhammad ibn AdamRead

Partnership and Taking out an Interest-Based Loan

Shaykh Muhammad ibn AdamRead

Regarding Paying Debt After Divorce

Shaykh Muhammad ibn AdamRead

List of Questions that can be asked of a Potential Spouse

Shaykh Muhammad ibn AdamRead

I work for a web marketing company who is asking me to use Black Hat SEO methods to promote websites. Would my income be permissible?

Shaykh Ebrahim DesaiRead

Could you please clarify the rules of purchasing gold, silver, and currencies?

Shaykh Ebrahim DesaiRead

Clarification on a Hadīth regarding marriage

Shaykh Ebrahim DesaiRead

Do I have to get any feeling or see a dream after Istikhārah?

Shaykh Ebrahim DesaiRead

Is investing with a specified profit in return permissible?

Shaykh Ebrahim DesaiRead

Do we need to revise the view on interest (Riba)? If not then what solution does Shariah has for dire need owning a house for those living in the western countries?

Shaykh Ebrahim Desai, Shaykh Ismail MoosaRead