currency Archives - IslamQA

A vast repository of Islamic Q&A, provided by Darul Uloom Deoband in India. It’s the official site of the Ifta department of Darul Uloom Deoband.

Zakat Calculation

Answered by Darulifta-Deoband.com

Q 1. Suppose nisab amount is 300 and I got 300 on 1/1/17. So as per my understanding I have to wait one year and pay zakah on 1/1/18, if the money still holds nisab amount. Now my question is in between these time if I got another 100 after 6 month later on 1/6/17… read more »

Investing into Bitcoin

Answered by DarulIftaBirmingham

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… read more »

Is Forex trading halal?

Answered by DarulIftaBirmingham

Answered by:  Maulana Tahsin Alam Question: Assalamu Alaikum Wa Rahmatullah Is Forex trading halal? Answer: بسم الله الرحمن الرحيم In the name of Allah, the Most Gracious, the Most Merciful. “Forex, also known as foreign exchange, FX or… read more »

Online Forex App

Answered by DaruliftaaZambia.com

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… read more »

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