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Hanafi Fiqh

Putting money in a non Islamic Bank

Q1) Is it halal to put money in a bank account which is with a non Islamic bank because the bank will use that money to lend to others and then earn interest on that money which is haram. Answer Assalāmuʿalaikum Wa Raḥmatullāhī Wa Barakātuh, In principle, it is not...

Hanafi Fiqh

Praying Salah With Hand Sanitizers On

Answered by: Alimah Sofia Mirza   Question: Salam, I have purchased a hand sanitiser which has 70% alcohol content. The ingredients are as follows: Ethanol, Aqua, Glycerol, Propylene, Glycol, Carbomer, Aminoethyl, Propanol. Will my salah with this hand sanitiser...

Hanafi Fiqh

The Basis of Car Insurance Being Permissible

Answered by: Alimah Nasima Umm Hamza Question Assalamu Alaikum. Car insurance (at a minimum level) has been permitted in countries where it is a legal requirement. What is the basis of permissibility? بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allah, the Most...

Hanafi Fiqh

Is Shrimp Halal?

Answered by: Maulana Mustafa Umar Question Is shrimp halal?  بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allah, the Most Gracious, the Most Merciful Answer: In the Hanafi school, it is only allowed to eat animals from the sea which are classified as fish....

Hanafi Fiqh

Does Dividend Stock Pay Interest?

Answered by: Imam Abdul-Malik Sheikh Question Dividends stocks pay the shareholder a certain amount of money every couple of months (if the shareholder holds the stock and doesn't sell it). For example, if a stock is £50, the company might pay the shareholder £5 every...

Hanafi Fiqh

Is Margin Trading Permissible?

Shaykh Abdul-Rahim Reasat answers a question on the legality of margin trading. Can you please confirm if margin trading is permissible? This is where you predict if the market will go up or down by using leverage positions. Thank You. I pray you are well. Margin...