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Answers with Tag: currency

In which currency should I pay zakat on the Gold ? The currency in which itwas bought or the currency in which I amearning.

Is it right for parents to want their child to marry for household help?

Can I accept money for a gift that has already been given?

Using Forward Echange Contracts as a Hedging Tool

I would be highly obliged if you please guide me about the foreign exchange trading (hedging, futures, options) and its legitimacy in Islam. Many of my friends are indulged in this business and they argue that it is halal from the sharaih point of view but I am doubtful. I had posted the same question to Mufti taqi Usmani Sahib but after waiting for several days, I could not get answer. So the sooner you would help me, the better it would be for me. Please also refer to some useful links in this regard.

Is it permissible to buy and sell currency in the foreign exchange market with the intention to make a profit based on mathematical models and economic forecasts?

“Islamic” Investment Banking, buying and selling.

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).

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?

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.

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.

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

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?

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

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.