investment Archives - Page 40 of 66 - IslamQA

This answer was indexed from Qibla.com, which used to have a repository of Islamic Q&A answered by various scholars. The website is no longer in existence. It has now been transformed into a learning portal with paid Islamic course offering under the brand of Kiflayn.

Are Prize Bonds Halal

Answered by Qibla.com

Answered by Shaykh Ilyas Patel I have prize bond of difrent values such as Rs. 200 Rs. 1500, Rs, 15000 if I win the prize the money is halal or Haram & the buying of prize bond is also Halal or Haram Answer: In the name of Allah Most Compassionate MercifulI hope you are fine… read more »

Death Benefit Schemes

Answered by Qibla.com

Answered by Shaykh Muhammad ibn Adam al-Kawthari Please can you tell me if death benefit schemes are permissible in Shariah? These are typically schemes where you pay an annual amount, say £25 to an association, and if someone dies in the family, they then pay for all funeral costs. To me it seems to be… read more »

Paying zakat on Stocks

Answered by Qibla.com

Answered by Shaykh Faraz Rabbani In regards to paying zakat on stocks: 1. Are stocks regarded as ‘trade goods’? They are not really goods but perhaps investments or even loans which appreciate/depreciate with a company’s equity. 2. If there is a change in value from when first purchased – is the zakat is calculated on the year-end… read more »

Mutual Funds: Are they allowed?

Answered by Qibla.com

Answered by Shaykh Muhammad ibn Adam al-Kawthari Mutual Funds: Are they allowed? Answer: In the name of Allah, Most Compassionate, Most Merciful, A mutual fund is simply a financial intermediary that allows a group of investors to pool their money together with a predetermined investment objective.  The mutual fund will have a fund manager who… read more »

Zakat on Pension Schemes

Answered by Qibla.com

Answered by Shaykh Ilyas Patel My question is about pension schemes where your investment is locked until you retire. There are two things I understand:1) zakat is not payable on a second property you own that you rent out. Zakat is only payable on the rent itself, as part of your total cash balance on… read more »

Sidebar