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Interest

This answer was collected from Fatwaa.com which is an excellent Q&A site managed by Mufti Ismail Moosa from South Africa. .

Investing

Answered by Fatwaa.com

I would like to know ruling in Islam of invest in share / stock market Answer Wa’alaykum as Salam wa rahmatullahi wa barakatuhu, There are a few conditions which have to be fulfilled in order for it to be permissible to invest in the stock market: The business should not contravene any law of Shariah,… read more »

Inquire about interest money

Answered by Fatwaa.com

Aslam o alikum.. Sir I have very important questions to ask about use of interest money… I work in restaurant where I have to give 1 riyal on every 100 riyals of sales I do as a tip share to company. Means if I do 3000 sales I have to give 30 riyals every day… read more »

Enjoying Free Services against given Loan.

Answered by Fatwaa.com

Aslamo-alaekum. As we all know ‘Riba/Usury’ is ‘Unjustified increment in borrowing or lending money, paid in kind or in money above the amount of loan’. If someone takes loan ($1000) from you and pay you back the same amount which is ($1000) after one year, but he offers you some ‘FREE SERVICES or BENEFITS’ during… read more »

Permissibility of insurance

Answered by Fatwaa.com

Assalamualaikum, my parents bought for me 2 different insurance policies for me a couple of years back. One of the policy is that I have to pay premiums for 10 years and I’ll be covered for death and terminal illness until the policy matures which is around 50-60 years laters. The other policy is an… read more »

Personal Indemnity Insurance Haram?

Answered by Fatwaa.com

Asalaamualaykum I am currently working as an optician in the UK where we have to be covered with personal indemnity insurance by law, which gives us legal cover if we are sued by a customer. At the moment my employer covers this for me but I’m planning to change jobs and won’t be covered in… read more »

Istikhaara done several times

Answered by Fatwaa.com

السلام عليكم Mufti saheb. Kindly advise. A boy wants to come to see a girl for marriage purposes. the family has done homework about the boy and acc to all hes a good and pious boy, compatible for her. The girl has been making istikhara as to whether to see the boy or not. On… read more »

Intercaste marriage/dream

Answered by Fatwaa.com

Salams, I am a sister. Around couple of years ago a female best friend of mine introduced me to her uni male friend (we didn’t meet/talk)- she simple told him that I could be a potential for him. He asked her direct questions about me and then asked my best friend to ask me if… read more »

Teaching and researching Finance

Answered by Fatwaa.com

Assalam-O-Alaikum, Is it permissible to teach Finance (this would include teaching about interest and how to use it for calculations)? Also, is it permissible to do academic research in Finance (research may be on bonds or other interest bearing instruments and even if it is not directly related to interest bearing instruments, using interest rate… read more »

Loan Interest Hukm

Answered by Fatwaa.com

Assalamu’alaikoom Ya Mufti, Please kindly explain to me why a conventional loan annuity interest that is originally Haram due to Riba can change to Halal after the said interest is converted to Ujrah and the said Loan Transaction is converted to the ‘Aqad Ijarah. Jazakallah khair. Answer Wa’alaykum as Salam wa rahmatullahi wa barakatuhu, We… read more »

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