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investment

This answer was collected in 2012 from the website of Jameah Mahmoodiyah, South Africa. The original website no longer exists.

Du’aas For Health, Wealth, etc

Answered by Mahmoodiyah

Question: Assalamualaikum,     Please quote some authentic Du’aas from Nabi -Sallallaahu alaiyhi was Sallam- which I can read for wealth and health, please also provide its sources.   Was salaam Answer:     An authentic Du’aa for general and overall wellbeing: Abu Hurairah [R.A] said that Nabi [S.A.W] used make the following Du’aa; Allahumma aslih li… read more »

Is this Job Halaal?

Answered by Mahmoodiyah

Question: Assalamualaikum wa rahmatullahi wa barakatuhu Dear Respected Ulamaa I’m studying computer science at university and it is usual for 2nd year students to get work experience by participating in internship schemes, which are run over the summer holidays. It is purely optional and does not form part of the course, but provides relevant work… read more »

Is Hajj compulsory on me?

Answered by Mahmoodiyah

Question: A man owns a share in a property investment scheme where he gets a share of the monthly rental. The value of his investment is R50 000 and this is his only asset. Is hajj compulsory on him? Answer:                      If the income derived from your share in the property investment scheme is… read more »

Renting a shop for profit

Answered by DarulUloomTT.net

Q. There are two scenarios: 1) I rent out my shop for, say $1000 per month + 1% profit from what the tenant earns. In case he doesn’t make any profit then only rent. 2) I give out my shop to someone on the condition that I will take 50% of the profit earned per… read more »

Working as an Actuary for a consultancy firm

Answered by Tafseer Raheemi

Subject: Salaam Maulana Sahib, I have been offered a role within a Finance company and was hoping you could tell me whether the role is Halal. The job role is as follows: Design and day-to-day management of pension schemes, through to corporate transactions and ultimtely the final close-down of the plans when risk is passed… read more »

Working for investment company

Answered by Tafseer Raheemi

Question 1: I recently applied for a job in Barclays Wealth and have been successful on a temporary basis for six months. I was told that working for Barclays Wealth is not working for the bank, as it is a separate side of the group, an investment company – Wealth Management (global wealth manager by… read more »

Deducting Bond and Zakaat

Answered by CouncilofUlama.co.za

Q: I have an investment in shares to the value of R35,000. I also owe an amount of R450 000 on my house bond. Am I still required to pay zakaat on the R35,000 investment? A:You are allowed to deduct one years instalments from the 35,000. You will then pay on the balance if it… read more »

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