investment Archives - IslamQA

Is it permissible to conduct business transactions in Itikaaf?

Answered by Fatwa-TT.ccom

Question: Is it permissible for a businessman to undertake business transactions (buying and selling) through calls and emails while observing I’tikaaf. Answer: بسم الله الرحمن الرحيم   It is permissible for a person observing I’tikaaf to conduct business transactions in the Masjid provided that the merchandise is not presented in the Masjid. The Jurists however,… read more »

Investment claims in a partnership (shirkah)

Answered by Fatwa-TT.ccom

Question: Can they offset other peoples’ money against what (if any) money I might owe them. Given that they are fully aware that the funds do not belong to me and have come directly from the investors to them. I was simply an introducer. In offsetting are they scuppering the amanaat of others. Your urgent… read more »

Zakaah on shares and dividends.

Answered by Fatwa-TT.ccom

Question: Does Zakaat have to be paid on Shares? Also does one have to pay on the capital and the dividend also? Jazakallah   Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. On the outset one should ensure that the company in which shares are owned are… read more »

Zakāh for Stocks, Shares, RRSPs and RESPs

Answered by Mathabah.org

Answered Shaykh Omar Subedār Question: Is Zakāh (mandatory charity) payable on stocks, shares, RRSPs, and RESPs? Answers: Please find the answers to your questions below: Stocks and Shares: If stocks/shares are purchased with the intention of actively trading them, then zakāh will be given on the market value of the shares. If however the stocks/shares… read more »

Fundamental Fiqh of Business, Investment & Trade

Answered by Mathabah.org

Answered by Shaykh Yusuf Badat Question: Can you summarize for me the basics of Islamic business and trade rules. Answer: Thank you/ Jazakumullahu Khayran for your question. The following are major conditions for a valid transaction in the light of the Qur’an & Sunnah: The offer and acceptance. The offer and acceptance can be conducted… read more »

Inheritance

Answered by Muftionline.co.za

Q: A friend of my brother passed away and left behind a mother, wife, 4 brothers and a sister. His brother had an investment of a million rand which would be paid out in the near future insha Allah. He asked me to find out what is the split of inheritance between the family. How… read more »

Investment that accrues interest

Answered by Muftionline.co.za

Q: I am investing with a group but the investment attracts 3% interest. I know interest is haram. If the investment makes a profit and my share is given to me, can I reject the 3% of my profit which stands out as the interest to make my profit halaal? A: The safer way will be… read more »

Zakaat on loans

Answered by Muftionline.co.za

Q: As an employee, I am facilitated to take 3 types of loan from my employer. Loan type 01: This loan is termed as ‘Salary Advance’. In case of emergency, the employee can take a loan from the employer to a maximum of 6 times his basic salary. The lent amount will be deducted from… read more »

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