gold and silver Archives - Page 20 of 24 - IslamQA

Darul Ifta, though based in Birmingham, runs with the assistance, du’as and regular rectification by the senior Muftis of Darul Uloom, Bury. The site is supervised by Mufti Mohammed Tosir Miah.

Forex Markets

Answered by DarulIftaBirmingham

Forex Markets In the name of Allah, the most Beneficent, the most Merciful. Answer There are two possible situations to your question. If by Forex markets you mean the foreign exchange market, which allows banks and other institutions to buy and sell currencies, then the Islamic viewpoint is as follows: It is stated in Hidayah… read more »

Diamond Wedding Ring

Answered by DarulIftaBirmingham

  Assalamualykum   Dear brother is it permissible for a man to wear a diamond(s) wedding ring….   In the name of Allah, Most Compassionate, Most Merciful.   Answer Men are only permitted to wear a silver ring. Rings made from materials other than silver, such as stone, metal, brass are not permissible. It is… read more »

Currency Trading

Answered by DarulIftaBirmingham

Is Currency Trading & Margin Trading permissible? . In the name of Allah, the most Beneficent, the most Merciful. Answer It is stated in Hidayah that Bai-sarf is that transaction where both the buyer and seller are making a transaction using either gold or silver. In such transactions excess on either side is not permissible… read more »

Are royalties in mining companies permissible?

Answered by DarulIftaBirmingham

I’d like to know if the nature of business of royalty mining companies (like Royal Gold and Silver Wheaton) are Shariah compliant. I’m not asking about these companies in particular, but in general if the business itself is Islamically acceptable Basically, the royalty companies pay upfront cash to mining or prospective companies in return for… read more »

i would like to know that is zakaat payable on gold plated jewellery and also i have gold plated dinner sets 4 my home which i hardly use do i pay zakaah on these?

Answered by Askimam.org

also there is a doubt concerning jewellery that one utilises daily and the stored away ones.do u pay zakaat on all jewellery wheter or not u r using it or not?where i the quran or hadith does this appear. Answer Gold plating is a thin layer of real gold over some other metal. One only… read more »

Can men wear a cloth which has some proportion of silk in it? Or is it completely forbidden?

Answered by Askimam.org

Answer Huzaifah (Radhiallaahu Anhu) narrates that nabi (Sallallaahu Alayhi Wasallam) prohibited us from eating and drinking in utensils of pure gold and silver and wearing garments of silk.(Sahih Bukhari; Fathul Bari pg.291vol 10) There are some narrations of Umar (Radhiallaahu Anhu) that Nabi (Sallallaahu Alayhi Wasallam) allowed wearing silk to the amount of the index… read more »

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