Al-Qalam – Contemporary Financial and Legal Sharī‘ah Advice

Al-Qalam Sharī‘ah Scholar Panel seeks to provide a scholarly perspective on commonplace legal and financial questions and challenges facing Muslims living in Britain / the West. We specialise in Charity Giving (Zakāh), Wills and Inheritance Queries (Wasiyyah), Trusts, Pensions, Child Trust Funds, Divorce Settlements, Investment Permissibility, Business Contracts etc. We also offer chargeable advisory and sharia certification audit services on a ‘not-for-profit’ basis for businesses and professionals.

We regularly update the Q&A section of this website.

For more information about what we do please visit the About section.

Latest Updates

Q: Is trading “covered warrants” on the stock market permissible? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Warrants represent a right to purchase an asset similar to a call option and do not represent the underlying asset itself. Thus, they cannot be traded.

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Q: Can I accept a marriage proposal from an investment banker? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: There is no sin in the marriage itself. However, if the marriage does go ahead then he will remain obligated to provide your maintenance via halal means and you should continue to encourage and urge him […]

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Q: Is gold bought for personal use subject to Zakah? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Yes. According to the Hanafi opinion, gold and silver are always subject to Zakah, irrespective of whether it is for personal or business use, whether it is in nugget, coin, jewellery or other form. Gold is considered […]

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