gold

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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.

Shaykh Muhammad ibn AdamRead

How does a Muslim scholar, serious student, and others who have devoted their lives to the service of Islam and the Muslims support himself/herself? I ask because this is perhaps one of the main reasons why parents don’t wish for their children to become scholars of Islam — they are usually poor, they don’t get paid much at all (if at all), and they attract trouble from different extremist groups. I come from an upper middle-class family. How can I convince my parents that I can become a Muslim scholar and have sufficient finances to support myself and my family?

Shaykh Muhammad ibn AdamRead

If One has not Paid Zakat for Several Years, How Does One Calculate it?

Shaykh Muhammad ibn AdamRead

How does a Wife Who Has No Source of Income Pay Zakat on Her Jewellery?

Shaykh Muhammad ibn AdamRead

Pendants

Shaykh Muhammad ibn AdamRead

I had a question related to inheritance. My step-father passed away a month ago leaving behind my mother, his real daughter, his brother who is deceased and was from the same mother but different father, and another brother, again who is deceased from same mother but different father. I and my brother are his step children; my mother married my father and that is the daughter they have. As far as we are aware there are no other family connected with my father. Please advise on how his inheritance will be calculated.

Shaykh Muhammad ibn AdamRead

The Legal Penalty for Theft

Shaykh Muhammad ibn AdamRead

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?

Shaykh Muhammad ibn AdamRead

I’m thinking of starting an online PC shop. Consumers would see PC’s on my website and if they buy any, they pay for it straight away. However I would only buy the relevant parts after I have received payment from the consumer. The reason for this is that consumers can customize the PC’s so the parts may vary and I do not have the funds to keep that much stock. Can you tell me if it is permissible for me to trade like this?

Shaykh Muhammad ibn AdamRead

Removing hairs from between the eyebrows; wearing 9ct jewellery and determining the completion of haidh.

Shaykh Ebrahim Desai, Shaykh Faraz AdamRead

What are the rights of the spouses to each other?

Shaykh Ebrahim DesaiRead

“Islamic” Investment Banking, buying and selling.

Shaykh Ebrahim DesaiRead

I have enough resources to go for Hajj. My wife is pregnant and my father wants me to do Hajj next year. Is Hajj obligatory on me?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Is it permissible to wear this watch?

Shaykh Ebrahim DesaiRead

Gold items for men

Shaykh Ebrahim DesaiRead

Few questions regarding Aqīqah

Shaykh Ebrahim DesaiRead

What does the Qur’an have to say about mortgage?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

What does the Qura’an have to say about mortgage?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Can I give zakat to an elderly couple?

Askimam.orgRead

1. Is zakaat payable on goods and money having had the goods and money for 1 whole year ? 2. Is it on the purchase price or the sale price? 3. Can we discharge Zakat on daily basis?

Shaykh Ebrahim Desai, Shaykh Faizal RizaRead