currency

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“Islamic” Investment Banking, buying and selling.

Shaykh Ebrahim DesaiRead

I will be buying one currency on spot rate with my money (nothing from brokers) and wait for the right time to sell it off on a spot rate and that is the profit I make, is this Halal or not? (No interest element involved in it, in this transaction I can gain or lose).

Shaykh Ebrahim DesaiRead

1. Will a person be discharged from his obligation of zakāh if he gives something other than cash? 2. Is it permissible to charge the debtor the lost value of the current currency against another currency?

Shaykh Ebrahim DesaiRead

1. what can you do to leftover foods like chapatti etc because you cannot give it to the ducks etc…2. 2. you’ve got a house in pakistan 3 floors.Bottom floor has 4 houses on rent and the rest 2 floors is used by my dads family back home. do we have to give zakaat on the rent of those houses as they are extra.

Askimam.orgRead

I am thinking of buying/investing in Gold through the following company on the internet and wanted to check whether doing so would be according to Shariah.

Shaykh Ebrahim DesaiRead

I have purchased certain islamic books (hadis ,serath etc) on first page on book this statement is written”All rights reserved. No part of this book

Shaykh Ebrahim DesaiRead

My parents are travelling to Malaysia next month, I have heard that some Muftiyan e Kiraam permit Medical & Travel Insurance, I would like to know if its permissible for my parents to take out Medical & Travel Insurance?

Shaykh Ebrahim DesaiRead

I have a doubt regarding Forex trading & when i searched for it on the site, i didnt get the answer for my doubt.

Shaykh Ebrahim DesaiRead

I have 1000 us dollars in cash. i have a brother who wants to buy them. the current rate is 10 rands to a dollar. he says he will not be able to pay me cash. i offered to sell him the dollars at 15 rands to the dollar and give him 6 months to pay. all is fixed and agreed. is this permissible.

Shaykh Ebrahim DesaiRead

Is it allowed to do currency trading online buying and selling of euros and dollars through internet, we are in india we want to do through the indonesian…

Shaykh Ebrahim Desai, Shaykh Ismail MoosaRead

I am a 21 year old lady, working in the insurance industry, however i have been asked to take out a life cover by my fellow colleagues (how can i try and sell the product if i dont even have 1 myself)….

Shaykh Ebrahim DesaiRead

I would like to know if there is any islamic way of saving our cash savings from inflationary devaluation of currency.

Askimam.orgRead

I have a property ,which i took on a loan and still paying the loan amount.Apart form that laon i haev some other laon also which i took for family needs.(sister marrigae.father support)

Shaykh Ebrahim Desai, Shaykh Ismail MoosaRead

I have booked an apartment for 10% down payment, it will be constructed in 5 years approx and I will pay the remaining amount in installments till 5 years…

Shaykh Ebrahim DesaiRead

My friend has had some money in his possession for quite along time and I think Zakat was due from him. Now he has realised what a great mistake and sin he has committed. So he wants to give the compensation for it. He used to receive a yearly bank statement (from september to august) each year.

Shaykh Ebrahim DesaiRead

Is it permitted to hoondi business? Exactly like what western union, money gram companies are doing ?

Shaykh Ebrahim DesaiRead

My question is about how to calculate the zakat for earning and savings in the bank?how much money should i have had received before i am entitled to pay zakat for both

Shaykh Ebrahim DesaiRead

I live in the uk. I used my indian credit card to buy car insurance in the UK for 68 pounds. The exchange rate at which the credit card company was Rs 79 for 1pound(which is Rs 5372). They charged me in indian rupees….

Shaykh Ebrahim DesaiRead

Im currently studying overseas and i come to south africa for holidays. one of my teachers asked me to buy something for him. he did not have enough money with the business concerned so he asked us to pay the remainder and he will pay me when i come back. how should he pay me?

Shaykh Ebrahim DesaiRead

I am currently in the process of purchasing a property in the UK, the loan has been approved. …Secondly I have other savings in shares

Shaykh Ebrahim DesaiRead