gambling Archives - IslamQA

Is it permissible to accept a Referral bonus?

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Question: Assalamualaikum Warahmatullahi Wabarakatuhu, Few months back i moved to USA for my Studies. My questions are – Regarding Credit Card referral bonus. If i refer any friend for a credit card, we both would receive a 50$ referral bonus from Credit card provider. Can i accept that bonus amount? I wan’t to clarify whether… read more »

Disposing Accumulated Interest (Ribā)

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Answered by Shaykh Yūsuf Badāt Question: My parents saved some money for me for my education and it has earned interest (ribā). How can I get rid of this ribā money? Answer: Jazāk Allāh Khayr/ Thank you for your question. If usury and or interest is accumulated, then it will be disposed of by giving… read more »

Is Playing Chess Questionable in Islam?

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Answered by Shaykh Yūsuf Badāt Question: Is it permissible to play chess in Islam? Answer: Jazāk Allāh Khayr/ Thank you for your question. Playing chess is permissible but prohibitively disliked. It is forbidden to play chess if it entails any of the following: Gambling is involved Common responsibilities or Islamic obligations such as ritual prayer… read more »

Life Insurance in Islam

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Answered by Shaykh Yusuf Badat Question: Is life insurance permitted in Islam? Answer: Jazakumullahu Khayran/ Thank you for your question. Islamically, life insurance is prohibited due to the elements of interest, gambling and future uncertainty. In almost all insurance cases, the insured who pays the premiums either receives no amount or more than the amounts… read more »

The Shar’ee ruling regarding futures

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Q: What is futures and is it permissible? A: Futures are contracts where a person agrees to purchase (offer and acceptance) some commodity or currency etc. at a future date. However, in practice, both parties do not intend to actually exchange that commodity. Rather at the due date (date of maturity), the difference between the… read more »

Third party insurance

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Q: A person wishes to take out third-party insurance. He claims that this form of insurance is permissible because the insurance company will not pay him anything in the event of an accident but will rather pay out the third party. Is third party insurance permissible? A: All forms of insurance are haraam due to the elements… read more »