Interest

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I have funds invested with albaraka bank called “regular income provider”

Darulihsan.comRead

Use of Credit card facility

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If an organisation receives interest, can this interest funds be used to pay its expenses

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Online donation

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Fatwa – Paying fines with interest money

Shaykh Shafiq JakhuraRead

Online Bullion (gold) trading

Shaykh Shafiq JakhuraRead

Handling of the Quran Shareef and Quran Khatams at a funeral home.

Darulihsan.comRead

Developing Options Trading Software

Shaykh Shafiq JakhuraRead

Let’s say, I invest $1,000, the broker invests or lends $99,000 and together we buy the currency like euro worth $100,000. The broker will not charge any interest on the money that he invested or lend, because it will be a Shariah compliant account.     – If the rate of the euro goes up and I decide to sell the euro. The broker will take a small share of the profit and rest is given to me     – If the rate of the euro goes down below a certain margin which is determined by the amount I invest, my broker will close the trade and take his money back and I will lose the money I invested. Also, another place were interest may be involved is when the buying and selling is not done on the same day, then a rollover occurs which mean that either we have to pay interest or give interest on the currency you have bought, but the brokers is offering a swap free or interest free accounts for Muslims only, in which, even if you do not close the trade on the same day, they will not debit or credit any interest. I am interested in Spot trading not Future trading. Please let me know if this type of trading is Halal.    

Shaykh Shafiq JakhuraRead

Working in Islamic Banks

Shaykh Shafiq JakhuraRead

Student Loans and avoiding an interest based loan

Shaykh Faraz AdamRead

Can interest money be given to a children’s hospital?

Shaykh Ebrahim Desai, Shaykh Faraz AdamRead

Can I take a student loan to finance my University education?

Shaykh Faraz AdamRead

Is it permissible to use overdraft which is interest free

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Question on fixing a higher percentage ratio in a partnership

Shaykh Ismail DesaiRead

I would like to find out if I can use my credit card to purchase a sheep for Qurbani, is it allowed will it be accepted by Allah?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

I wanted to buy an ipad. There is guy who offered me to pay on my behalf and then afterwards I can pay him back on 6 installments in 6 months. He will over charge me 17.5% of the total amount. Is this whole process according to Shari’ah.

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Is it permissible to get a mobile phone or laptop on contract?

Shaykh Ebrahim DesaiRead

Is “Lloyds TSB Planned Overdraft Facility” Shari’ah Compliant?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Can I work as a bank teller?

Shaykh Ebrahim DesaiRead