This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.
My question is regarding Lending money. I leant a £1000 to a friend of mine 10 years ago. At the time, he was supposed to pay me back the following month, but failed to do so. Our friendship broke down and we lost touch, and have just recently managed to make up again. He is willing to… read more »
This is with reference to fatwa # 16250, 1- What if someone is working for a stock exchange broker, securities company or holding company under similar conditions. Will it still be permissible? 2- I have a confusion regarding fatwa # 16250 that although one is not directly involved in interest based transactions but aren’t they… read more »
I wanted to know if someone is taking a student loan (with interest on it) and there is some extra left, can he use that money to buy a grave for himself? Answer In the name of Allah, Most Gracious, Most Merciful Assalaamu `alaykum waRahmatullahi Wabarakatuh It is not permissible for a student to take… read more »
My question is regarding the Canadian Registered Retirement Savings Plan (RRSP). When a person places money into the plan, it acts as a tax shelter (i.e. pre-tax income goes into the plan). When a person (presumably when they’ve retired) takes money out of the plan they are taxed on it. Canada has a progressive income… read more »
Can somebody perform umrah in ramadan or hajj if they have an ongoing loan to pay off in small amounts that will take them the next 15 months but they will have saved enough money on the side for their umrah/hajj? Answer In the name of Allah, Most Gracious, Most Merciful Assalaamu `alaykum waRahmatullahi Wabarakatuh If… read more »
Salam waalaiykum, I would like to enquire if my income is halal or not. I currently work as a Software tester for a leading wall street foreign exchange trading firm. My basic function is to test the Back Office software. This software performs all calculations, account setups, and configurations, as well as facilitates the Trading… read more »