IslamQA

usury

Arranging finance

Can you please advise on the following, I run a business selling cars, the business was started with money saved up, not with a loan. We arrange finance at the request of the customer, we do not provide the loan for the vehicle the finance company does, we don’t take...

Zakat on saving money to build a house

Assalamualaikum….my father keep 100000rupees to build a house we don’t have house we are living in our nani house …my father income is also less will zakat will be valid on that money ? Answer Wa’alaykum as Salam wa rahmatullahi wa barakatuhu, Since the funds saved...

Zakat

Assalamualaikum wa rehmatullahi wa barkatuhu. My zakat due date is in Feb. But this year either in Aug/Oct I might have to use my savings partially or completely.so in this case what should be done. Should I pay my zakat now or should I delay it till late and pay on...

Is Multi level marketing schemes permissible?

Message: Assalaam Alaikum. Are multi-level marketing schemes (MLM’s) like Amway halaal or are they a form of Riba/Usury. The basic concept for some of these MLM’s is that as an individual you can earn money by selling products by yourself, but also make money through...

What should be done with Interest (usury)?

Q: Assalaamualikum Mufti saab, Who are the people deserving for the interest money which we get in our account, and I know that this money should be given without any niyah (intention). Detailed description would be helpful for me. A: Wa Alaikum As Salaam, Those who...

Fatwa against Insurance.

Question: I require a reference of any written fatwa against insurance and why is there any reliable Hadeeth in this order. Answer: In response to our inquiry about written fatawas regarding insurance, we produce the following: In a fatawa issued by Shaikh Abdullah...