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    Answers with Tag: loan

    Is it permissible to open and share an investment account in a credit union?

    Hanafi Fiqh | Muftisays.com

    Can you use a grant obtained by lying about a parent’s income?

    Hanafi Fiqh | Muftisays.com

    Islamic Solution to Riba

    Hanafi Fiqh | , | Askimam.org

    Foreign Currency Exchange and the Islamic Perspective

    Hanafi Fiqh | , | Askimam.org

    Will, hunting deer and steroids

    Hanafi Fiqh | | Askimam.org

    Al-Hilal Personal Finance Musawamah

    Hanafi Fiqh | , | Askimam.org

    Question related to a partnership

    Hanafi Fiqh | | Askimam.org

    Can I work as a software developer for a Hedge Fund?

    Hanafi Fiqh | | Askimam.org

    Zakat on short and long term loans

    Hanafi Fiqh | | DarulIftaBirmingham

    Debtor paying zakat on creditors behalf

    Hanafi Fiqh | | DarulIftaBirmingham

    I have a muslim friend who is involved in different types of investments, for example:

    Hanafi Fiqh | Darulihsan.com

    Fatwa – Is Lottery permissible?

    Hanafi Fiqh | | Darulihsan.com

    Online Bullion (gold) trading

    Hanafi Fiqh | | Darulihsan.com

    Let’s say, I invest $1,000, the broker invests or lends $99,000 and together we buy the currency like euro worth $100,000. The broker will not charge any interest on the money that he invested or lend, because it will be a Shariah compliant account.     – If the rate of the euro goes up and I decide to sell the euro. The broker will take a small share of the profit and rest is given to me     – If the rate of the euro goes down below a certain margin which is determined by the amount I invest, my broker will close the trade and take his money back and I will lose the money I invested. Also, another place were interest may be involved is when the buying and selling is not done on the same day, then a rollover occurs which mean that either we have to pay interest or give interest on the currency you have bought, but the brokers is offering a swap free or interest free accounts for Muslims only, in which, even if you do not close the trade on the same day, they will not debit or credit any interest. I am interested in Spot trading not Future trading. Please let me know if this type of trading is Halal.    

    Hanafi Fiqh | | Darulihsan.com

    Student Loans and avoiding an interest based loan

    Hanafi Fiqh | | Darulfiqh.com