Q: Is it permissible to work as a Tax Compliance and Transfer Pricing Accountant or in the Finance Department of an insurance company? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: When one works for a company where a major portion of the business activities of the company do not conform to the dictates of Sharīʿah […]
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Am I allowed to claim tax benefits as I have just been working a cash-in-hand job over the summer?
Q: Am I allowed to claim benefits as I have just been working a cash-in-hand job over the summer? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If the tax regulations allow for you to claim tax benefits then you can claim, otherwise not. It would be appropriate for you to seek advice from your local […]
Read more...Is checking the terms of use of a website required when carrying out research as part of my work?
Q: Is checking the terms of use of a website required when carrying out research as part of my work? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If you are making commercial use of the website content then you must abide by the copyright restrictions as required by the copyright holder/copyright law. It is not […]
Read more...Is it permissible to sell land at a profit knowing it will be used for burial purposes of Muslims or non-Muslims?
Q: Is it permissible to sell land at a profit knowing it will be used for burial purposes of Muslims or non-Muslims? الجواب حامدا ومصليا ومنه الصدق والصواب A: One may purchase and resell land at a profit knowing that it will be used for burial purposes irrespective of whether it is for Muslims or non-Muslims.
Read more...If the product purchased is not as advertised and eBay give me a refund due to the seller not responding, what do I do with the product?
Q: If the product purchased is not as advertised and eBay give me a refund due to the seller not responding, what do I do with the product? الجواب خامدا ومصليا ومسلما ومنه الصدق والصواب A: It would appear that eBay guarantees the performance of the contracting parties. The refund you have received is from eBay […]
Read more...What is the Islamic viewpoint on UK Student Loans?
Q: What is the Islamic viewpoint on UK Student Loans? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Please see link below: Student Loans
Read more...Is it permissible to take out a loan in which repayment with interest is not required so long as it is paid off prior to the expiry of the grace period?
Q: Is it permissible to take out a loan in which repayment with interest is not required so long as it is paid off prior to the expiry of the grace period? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: In principle, if one agrees to take a loan from another with a grace period in relation […]
Read more...Is paying back more to a loan I take from my pension fund considered interest?
Q: I intend to purchase a property for my business use for which I intend to borrow the money from my own pension funds. I have a self-administered pension scheme to which I and my partners contribute, the scheme allows us to operate and invest the money at our own discretion as so far as […]
Read more...I intend to purchase a property for my business use for which I intend to borrow the money from my own pension funds.
Q: I intend to purchase a property for my business use for which I intend to borrow the money from my own pension funds. I have a self administered pension scheme to which I and my partners contribute, the scheme allows us to operate and invest the money at our own discretion as so far […]
Read more...Can I invest in premium bonds?
Q: Can I invest in premium bonds? The Al-Qalam Shariah Scholars Panel is respectfully requested to advise on the Islamic position regarding premium bonds. Are they a suitable way for Muslims to invest? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: Premium Bonds are not suitable for Muslims to use as an investment […]
Read more...Can I take a student loan if it’s the only way I can afford to go to university?
Q: Can I take a student loan if it’s the only way I can afford to go to university? الجواب حامدًا و مصليًا و منه الصدق و الصواب A :Whilst the importance of getting a university education is acknowledged, it must be maintained that it cannot be done at the expense of the […]
Read more...Can you explain the concept of LIBOR?
Q: Can you explain the concept of LIBOR? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Please read from page 117 from the link below: http://islamicfinancenews.files.wordpress.com/2009/09/an20introduction20to20islamic20finance.pdf It has covered this issue in a very easy to understand way.
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