IslamQA

income

Zakaat On Investments

Question:Is there Zakat for money given in an investment? Answer: If a person invested funds in a trading business or goods of merchandise then Zakaat is payable at the market value of the goods on one’s Zakaat due-date. However, if one has invested in a building, or...

Employment at an Insurance Company

Question:Someone was working at a bank, he resigned when he found out that it is impermissible to work there. Since then he has applied for numerous jobs bit all in vain. Recently he was offered to work as a Financial Advisor at ?????? (a life insurance...

Employment As A Pilot

Question:My brother in law is a pilot. Due to the nature of his job, i am concerned about his income and permissibility of my family taking his benefits of free business class.1. Eg being a pilot there is free mixing and laxity with air hostresses2. Indirectly...

Pension Scheme

Question:I work for the local council, and have been enrolled onto the Local Government Pension Scheme. I have tried to find out how the fund is invested, to find if none shariah compliant transactions are involved. Although it is not clear, given how most...

Action Cricket/Soccer Business

Question:I need to get a fatwa on whether or not its permissible to open a action cricket or soccer for business purposes.  Answer: Before addressing the issue in question, it is important for us to discuss a few preliminary aspects in order for the issue to be...

What To Read For A Good Proposal

Question:What should one read for a good proposal? Answer: Marriage is one of the most important aspects of one’s life. When searching for a suitable spouse, seeking good counsel from the right people is of paramount importance. First and foremost, one must consult...

Income From The Sale Of Cigarettes

Question:My aunts husband owns a cigarette factory along with other businesses.. Initially he had other businesses (supermarket& appliances) then he started the cigarette factory, those businesses don’t belong to him any longer however he now has other businesses...