investment Archives - IslamQA

Darul Iftaa Mahmudiyyah – Zambia

Online Investment Scheme

Answered by DaruliftaaZambia.com

Question Assalamu alaykum. There’s an online business that requires people to invest a certain amount of money for a certain amount of time and then for each day from the time of investment they give u a certain percentage of your  money which u can withdraw any time. Say there’s what… read more »

Partnership Queries

Answered by DaruliftaaZambia.com

Question Assalamu alaikum The business proposal with the financier was thus that he invest in cold room business selling frozen stuff and I’ll be on the working side sharing the profits 50/50. -So I bought cold room worth k254.000 Zambian kwacha.but K4ooo was returned to him from profits to round it off… read more »

PARTNERSHIP DISPUTE – SPLIT

Answered by DaruliftaaMW.com

Question: Assalamualaikum Respected Mufti Saab I have a question regarding sharing wealth amongst brothers. We are 2 brothers and both of us where working but leaving together with our parents. My father was also working. After the death of my late father we got his dues from the company he was… read more »

PARTNERSHIP & SALARIES

Answered by DaruliftaaMW.com

Question: I am in a partnership with my brother in a business are we allowed to take a salary every month? My brother invested in the business  and we agreed that he finances and i use my effort and time ,for this i will be given a 16.5% profit share at the… read more »

Is it permissible to conduct business transactions in Itikaaf?

Answered by Fatwa-TT.com

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.com

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.com

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 »

Is my employer’s pension scheme permissible?

Answered by Fatwa-TT.com

Question: Asalamualaikum. Muhtaram Hazrat. I am wishing to enrol for my employer’s pension scheme. However, I would like confirmation first to ensure it is halal. I contribute 10%, and my employer matches it. I believe this is permissable, as it would be considered a gift? It’s really the investment aspect that needs to be reviewed…. read more »

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