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    Answers with Tag: currency

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

    Hanafi Fiqh | , | Askimam.org

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

    Hanafi Fiqh | | Askimam.org

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

    Hanafi Fiqh | | Askimam.org

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

    Hanafi Fiqh | | Askimam.org

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

    Hanafi Fiqh | | Askimam.org

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

    Hanafi Fiqh | Muftisays.com

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

    Hanafi Fiqh | Muftisays.com

    Using Forward Echange Contracts as a Hedging Tool

    Hanafi Fiqh | | Daruliftaa.com

    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.

    Hanafi Fiqh | | Daruliftaa.com

    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?

    Hanafi Fiqh | | Daruliftaa.com

    “Islamic” Investment Banking, buying and selling.

    Hanafi Fiqh | | Askimam.org

    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).

    Hanafi Fiqh | | Askimam.org

    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?

    Hanafi Fiqh | | Askimam.org

    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.

    Hanafi Fiqh | Askimam.org

    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.

    Hanafi Fiqh | | Askimam.org