Is the government contribution in the help to buy scheme permissible?

Q: Is it permissible to have a savings account for a help to buy scheme where, if u have about £12000 the government will give you £3000?   الجواب حامدًا و مصليًا و منه الصدق و الصواب A: The contribution paid by the government in an Help to Buy: ISA is actually a gift and not […]

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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 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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Due to the nature of the IR35 tax legislation, Can I take out insurance cover?

Q: HMRC have made a law against disguised employees in (April 2000) who are operating under a Ltd company. This law is called IR35. The problem is no matter how safe you think you are if case goes to court its just simply your word against theirs. If you represent yourself you will mostly likely lose the […]

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If my wife isn’t working can I make National Insurance contributions on her behalf?

Q: Is it permissible to make voluntary National Insurance contributions for my wife who is not in work and will not be in work for the coming years?   الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If your wife is unemployed and not receiving any benefits she can pay voluntary class 3 contributions.  See:https://www.gov.uk/voluntary-national-insurance-contributions/who-can-pay-voluntary-contributions  If your […]

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Can we sell on the Amazon website using the Fulfilment by Amazon (FBA) arrangement service?

Q: I have a question regarding selling on Amazon. The way it works is you buy stock from a supplier of a particular good which are often abroad. You also have an Amazon warehouse (which you pay to use) where the goods are sent following purchase. When good gets bought by an online buyer off of […]

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Is the CARE pension scheme offered by Network Rail permissible?

Q: I understand you have answered questions regarding CARE pension schemes and regard it as permissible. However the option (from Network rail) I have been given states that I contribute 7% of my pensionable salary to earn a unit of pension which is 1/60 of the salary. The company states that employee contributions cover 40% […]

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Can we take part into the Free Postcode Lottery?

Q: I came across the Free Postcode Lottery http://freepostcodelottery.com/ http://www.moneysavingexpert.com/deals/free-postcode-lottery#fpl and was wondering whether this is Halal to take part in? You don’t pay to enter and they are funded by advertising.   الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: The is no apparent prohibition in entering the Free Postcode Lottery.

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Is the new NHS pension scheme shariah compliant?

Q: The CARE (Career Average Revalued Earnings) is a type of defined benefit pension scheme. A defined benefit scheme guarantees a certain level of benefit at retirement, according to a fixed formula. In this respect it is similar to the current final salary sections of the NHS Pension Scheme. In a CARE scheme your pension is […]

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In the case of an insurance claim, can one include the value of the premiums paid for other cars?

Q: I understand that with car insurance claims, one should only recoup a sum equivalent to the total paid to a particular company to date, and any excess received beyond this sum be ‘repaid’ through future premiums to that same company. In both cases (historical payments and futures insurance cover), can one include the value […]

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