What options are available to fund university education?

Q: What options are available to fund university education in the absence of Shari’ah compliant student finance?  A: For options on funding University education please see information provided on the Halal Student loans website as copied in the link below. http://www.halalstudentloans.co.uk/wp-content/uploads/1.-Options-Toolkit.pdf Admin Al Qalam Shari’ah Panel

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Is it permissible to declare false earnings?

Q: It is permissible to show false earnings to get the Islamic home finance? Also will the rental money earned from such property be halal?   A: Declaring false earning is not permissible as it is prohibited to deceive others. The prophet (peace be upon him) said: “Whoever deceived us is not one of us”. [Muslim] […]

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What is the view on working as a payment protection insurance handler?

Q: Is it permissible as a case handler investigating payment protection insurance complaints? The role involves the following aspects:  1) Investigating PPI complaints and if they have been mis-sold. The role involves identifying if a policy was mis-sold by following bank process and procedures and determining if a case is mis-sold. 2) Role operates from a bank […]

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Is it permissible to work in IT at an investment bank?

Q: Will it be halal income/earning working at Investment banking ( Barclay’s Investment Bank) IT as Software Engineer? A: When working as an employee in a business where a major portion of the business does not conform to the dictates of Sharīʿah there are principally two issues that must be determined: 1. Is the job itself […]

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Is it permissible to take a business loan which requires payment of an insurance premium?

Hawkesbay Investment Corporation Limited The business is in conformity with standards and in line with normal  corporate ethics. Based on the loans agreement   drafted by our client and we guarantee that our client will only enter into a legitimate  business transaction as proposed with the funds. Legal & General Insurance  company  hereby  guarantee the safety […]

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Can interest money be used for paying Council Tax and car insurance?

Q: Can interest money received be used for paying Council Tax and car insurance? Additionally should interest money be disposed with non Islamic charities? A: Interest money cannot be used to pay council tax or car insurance. It should instead be given to the poor or utilised in public welfare projects without any intention of […]

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Is it permissible to pay for a Gold Safekeeping Facility for fixed monthly fee?

Q: Is it permissible to pay for a Gold Safekeeping Facility for fixed monthly fee (charged in proportion to the weight of Gold that is safeguarded)? http://www.amanabank.lk/en/personalbanking/banking-services/gold-safekeeping-facility As outlined on the above site, this service also includes a facilty to borrow ’emergency cash’ secured against the safe kept gold. The bank has said that the […]

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Can I use an Auto-Order option for online trading?

Q: In trading, when looking at charts, you can leave a auto-order to buy for you when price reaches a certain level. If you are not there at this time, is the purchase permissible? Is your presence necessary for the contract? Sometimes, you might be asleep but want to purchase at a given price, so you […]

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