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Answers with Tag: currency

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…

Hanafi Fiqh | , | Askimam.org

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)….

Hanafi Fiqh | | Askimam.org

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

Hanafi Fiqh | Askimam.org

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)

Hanafi Fiqh | , | Askimam.org

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…

Hanafi Fiqh | | Askimam.org

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.

Hanafi Fiqh | | Askimam.org

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

Hanafi Fiqh | | Askimam.org

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

Hanafi Fiqh | | Askimam.org

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….

Hanafi Fiqh | | Askimam.org

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?

Hanafi Fiqh | | Askimam.org

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

Hanafi Fiqh | | Askimam.org

Person A lends some money to Person B, say $500. At the time of lending, $500 will buy you 1 ounce of gold….

Hanafi Fiqh | | Askimam.org

If the money is so big in terms of their currency, is it possible that we can re- distribute this money among various poor needy persons or others without the knowledge of the Zakath payer.

Hanafi Fiqh | | Askimam.org

My question is related to Zaakat

Hanafi Fiqh | | Askimam.org

The bank gives me a VISA debit card. I go online and purchase something for (lets say) 100 dollars inclusive of shipping charges from a buyer in some other country. Since the purchased item is in dollars, the money deducted from my account uses a currency exchange rate. Please tell me if such a transaction is permissible.

Hanafi Fiqh | | Askimam.org

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