This answer was collected from the official ifta website of Darul Uloom Deoband in India.
A person wants to buy some products from online shops and have to pay dollar or other foreign currency. It is noted that he will not have to pay local currency because he will buy product from abroad. But he has no way to transact dollar or foreign currency in this mean another company (as… read more »
Answered by: Maulana Jamal Ahmed Question Nowadays many people are investing in bitcoins and other cryptocurrencies. Many leading financial institutions have warned that it is very risky and all these currencies may appear one day and it’s similar to a pyramid scheme. However, it is growing very… read more »
Question Assalam aleykom ww. Is Zakaat accepted if given to your Sister or Brother? Sorry if I formed the question wrongly. Answer In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. In principle, it is permissible to discharge one’s Zakaat to… read more »
Question Assalaam. Are we allowed to engage in business through this app? I haven’t used it but it seems to be a forex trading app. https://play.google.com/store/apps/details?id=net.metaquotes.metatrader4 Answer In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The application in reference is… read more »