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    Answers with Tag: Interest

    Online Bullion (gold) trading

    Hanafi Fiqh | | Darulihsan.com

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

    Hanafi Fiqh | Darulihsan.com

    Developing Options Trading Software

    Hanafi Fiqh | | Darulihsan.com

    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.    

    Hanafi Fiqh | | Darulihsan.com

    Working in Islamic Banks

    Hanafi Fiqh | | Darulihsan.com

    Student Loans and avoiding an interest based loan

    Hanafi Fiqh | | Darulfiqh.com

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

    Hanafi Fiqh | , | Darulfiqh.com

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

    Hanafi Fiqh | | Darulfiqh.com

    Is it permissible to use overdraft which is interest free

    Hanafi Fiqh | , | eFiqh.com

    Question on fixing a higher percentage ratio in a partnership

    Hanafi Fiqh | | Askimam.org

    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?

    Hanafi Fiqh | , | Askimam.org

    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.

    Hanafi Fiqh | , | Askimam.org

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

    Hanafi Fiqh | | Askimam.org

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

    Hanafi Fiqh | , | Askimam.org

    Can I work as a bank teller?

    Hanafi Fiqh | | Askimam.org