This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

Investing in Cryptocurrency

Answered by ShariahBoard.org

Assalamualaikum warahmatullah My question is about investing in digital or cryptocurrency, which offers a fixed amount of its coins for locking the original investment for a period of 6 months. As an example: We buy a package for 1200$ which gives us 120 coins at the price of 10$ each at the time of purchase… read more »

Working for Investment Banks

Answered by ShariahBoard.org

Assalamualaikum Warahmatullah  I am a software developer and just got a job in one an investment bank. Is it permissible to work for investment banks? I heard that investment banks do not work like commercial banks. Walaikumassalam Warahmatullahi Wabarakatuhu الجواب وباللہ التوفیق We are unaware of the details of the type of work and method… read more »

Mudarabah transaction

Answered by AnswersToFatawa.com

Assalaamu Alaikum Respected Mufti Saab. I require your advice and fathwa on a matter. About four years ago I approached my uncle with a business proposition.  It entailed an investment into a transport venture were a truck with carry goods for a furniture factory. It was mutually agreed between my uncle and I that he… read more »

Long term debt and Zakat

Answered by IslamicPortal.co.uk

I have taken a loan of £100,000 from family members to purchase my first house. The agreement is to repay the loan over ten years by giving £10,000 per annum. At the end of the first year, after paying the £10,000 that is due, I have £10,000 of savings. Do I have to pay Zakat… read more »

Laws pertaining to a partnership

Answered by Muftionline.co.za

Q: Could you please explain to me the basic laws of a partnership and how will the profit sharing take place? A: Contracting a shirkah (partnership) between two of more people is permissible provided each partner invests capital and the profit ratio is mutually agreed upon at the onset. It should be borne in mind… read more »


Answered by Muftionline.co.za

Q: I have a shop in Karachi. A friend of mine has opened a business in the shop. I did not agree to sharing the profit but agreed that he pays a nominal rent until the shop goes in profit. He is paying is this nominal rent. But he keeps saying that we should agree… read more »


Answered by Muftionline.co.za

Q: Which investments are Shari’ah compliant? And can you investment in an FNB Islamic unit trust or Albaraka unit trust? A: We have no knowledge about these. And Allah Ta’ala (الله تعالى) knows best.   Answered by: Mufti Ebrahim Salejee (Isipingo Beach) Original Source Link