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    Answers with Tag: Government

    I always hear that one should not take or give interest. My question is, how can you start a business or deploy industry or for that matter do anything that requires capital without paying interest? Actually if you think about it, we are all getting affect by interest one way or other. Our governments go out and borrow money from IMF to pay its bills and give money to the banks for borrowing? So if the government is>borrowing money you can understand the impact it has on all citizens of that country. Please help me understand how you can setup any business in this world without borrowing money (paying interest) unless of course you are Bill Gates.

    Have Salafis Taken over the Muslim World and Muslim Communities.

    Giving Zakat in the form of Salary

    Car Membership and Insurance

    Seeking Help from non-Muslims in Major Issues

    Goverment Benefits for House-Mortgage

    Avoiding Paying Tax.

    There are two types of bonds: 1) Prize Bonds £1 buys you 1 bond. No interest is accumulated or paid. You are always able to redeem your bonds for cash – the same amount as you paid originally. Periodically, a number of ‘prizes’ are distributed and every bond has an equal chance of winning a prize. You may win much or nothing. But you cannot lose your investment. 2) “Bonds” in the traditional sense You can purchase, for example, government bonds whereby you invest £1000, on which the government will guarantee you a 4% annual return. There is no doubt that that number 2 is purely riba-based and hence haram as you have mentioned previously on your website. My question is whether number 1 is also haram?

    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?

    Lottery Funding for Islamic Projects

    Question regarding inheritance

    My mother doesn’t want to stay in America because of the effect the environment has on our imaan. My father can’t settle down anywhere except America.

    I would like details about Hadrat Ali’s (radiyallahu anhu) demise?

    Can you please send me a Shari῾ah compliant lease agreement and an Islamic Employment contract or give me some guidelines on how to draw these two contracts?

    What is the validity of haj which was paid using money which my wife received through inheritance?