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Answers with Tag: currency

A Muslimah who has not been giving Zakat for the previous eight years

Money is borrowed for business investment. No fixed time for repayment is made. Payback an X amount per week for as long as capital sum not paid is the condition as profit. Is this allowed in Islam.

Can I disburse of interest by paying Rands locally against interest earned on a bank account overseas in US Dollars thereby making the US Dollars halaal?

I am in debt, aware that I may be evicted soon, and uncertain of how I will continue, in any weeks henceforward

Is it Halal/Haram? to buy & sell the new iraqi dinar to make a profit on the currency value over a period of time.

Trading in forex

Can dowry be given to wife in the form of Gold. Or is it a must that it should be given in the form of currency.

From Dubai I buy 100,000/- Euro and fly to Amsterdam and sale the Euro Currency in Amsterdam(Holland). I make a handsome Profit due to the currency difference. Is it Halal for me?

Is forex trading allowed ?The procedure of a normal interest based trade is: you buy one currency against dollar for

I am married know & no longer working .Can my husband pay zakaat on my behalf

I had a dream in which my deceased father ,i and a girl is in a house.My father wants me to marry her.Than my father give 3 currency notes to me for prpration of marriage.

What is the shariah ruling concerning converting local currency to stronger international currencies on the black market?

Is it pemissibale to deal in currencies on the foreign exchange markets.Whereby you buy and sell rands,dollars.etc.

Please advise how I can calculate 2.5% on gold jewellery as some were gifts and the rest I purchased.

I would like to know if the paper money we used as currency is considered to be riba?