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Answers with Tag: currency

Mahr: How Much Should It Be?

I would like to know if it is permissible to buy and sell gold for profit. My understanding in the past has been that transactions where a certain amount of gold is purchased at one price and the same amount sold at another (higher price) are not permissible as the money comes into the category of riba. Is this correct? I have an opportunity to buy into Gold index fund. These are funds/stocks that are based purely on the price of gold. The price of these funds will fluctuate depending on the price of gold. Am I allowed to invest in such funds?

Zakat on money saved for fees

Zakat on money saved to buy a house

Zakat on Maintenance grant

Zakat on Investment property

Zakat nisab in terms of money

Zakat Nisab

What is the difference between sadaqa and zakaat?

Selling gold in exchange for money

What are the Qurbani rules for husband and wife & children?

Is Zakat obligatory on a female widow?

Forex Markets

Currency Trading

According to which currency I would calculate the Mahar