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Interest

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Interest Dealings in Non-Muslim Lands

Shaykh Ebrahim DesaiRead

Interest Bearing Loan for House Purchase

Shaykh Ebrahim DesaiRead

Installment Buying

Shaykh Ebrahim DesaiRead

Helping a Sister Who Bought a House Through Interest Based Financing

Shaykh Ebrahim DesaiRead

Expulsion of non-Muslim Forces From the Land of Two Harams

Shaykh Taqi UsmaniRead

1- If the payments of the credit card bills are made to the Credit Card company on due date, whether its use for buying will be Halal or not? 2- If the payment is some times delayed and made with additional charges, what will be the Hukm? 3- If some one draws some cash from the Cash Machines against the limit he has been assigned by the credit card company, whether the use of this cash amount will be Halal? Abdul Rehman (Muhtamim Ma’had Al-Faqeer Al-Islami Pakistan)

Shaykh Taqi UsmaniRead

Central Bank Employment

Shaykh Taqi UsmaniRead

Consulting for a Bank

Shaykh Taqi UsmaniRead

There are media reports of a new Al Azhar declaration on Interest. This poses a serious dilemma for us in the West and your guidance is needed as to how we should deal with it. [Abdul Hai Patel]

Shaykh Taqi UsmaniRead

Atlanta Interest Free Investment Fund for House Purchase

Shaykh Taqi UsmaniRead

Advice To The Trustees (Mutawallis) Of The Masjids

Albalagh.netRead

ATM Leasing and Sales

Shaykh Taqi UsmaniRead

I work in a software house as software engineer. We build software product for NYSE, CBOE etc. The product is used to create orders for equity and  0ptions.  There are also other functions in the system as well related to the trading.  The product is only used for operations related to order creation and routing. There is no risk management, interest management or any other such management involved in it. Although one component of the system is involved with commission calculation and allocation of shares at end-of-day of the trading. Please note that the same product is also used for equity trading.   Now I have read that option trading is not allowed in Islam, so I want to know if building such software products for option trading would be halal or haram? And salary earned by such work would be halal according to Islam?   

Shaykh Shafiq JakhuraRead

I am interested in the Forex SPOT trading business and would like to know if it is halal. The trading that I will be doing will be as follows: 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

I am a chartered accountant by profession and have been facing a dilemma. During my articleship (on job training) I have been mostly posted at different types of financial institutions. Now that I have decided to enter the industry, my CV shows significant experience of banking and other financial institutions. This has resulted in most of the job offers being made by different banks to me. In this regard, what I want to ask is (i) Is there any permissibility for working as an employee with the bank in the capacity of an accountant or auditor? (ii) What is your view on Islamic banks and is it allowed to join an Islamic bank in the above-mentioned capacities?

Shaykh Shafiq JakhuraRead

IT Jobs in Bank

Shaykh Ebrahim DesaiRead

Real Estate Brokerage

Shaykh Abdur Rahman ibn YusufRead

Manuscript Sources for Sahih Bukhari

Shaykh Ebrahim DesaiRead

Can a Girl Get Married on Her Own?

Shaykh Ebrahim DesaiRead

Islamic Finance Courses

Shaykh Taqi UsmaniRead