If one has to pay money to apply for a grant, would this be considered gambling?

Q: If one has to pay money to apply for a grant, would this be considered gambling?   الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If the fee represents real costs for processing the application it is permissible to charge such fee.

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Is interest permissible if below the inflation rate?

Q: Is interest permissible if below the inflation rate?   الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب   A: The permissibility of interest at or below the rate of inflation is not supported by Al-Qalam and the majority of scholars.  Please see the following link: http://www.1stethical.com/wp-content/uploads/2010/07/StudentLoans.pdf Rather, any loan that attracts a conditional increment is not permitted. This […]

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Is it permissible to be an accountant?

Q: Is it permissible to be an accountant? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: It is permissible to be an accountant.  However, one should not involve oneself in anything that is prohibited in Sharī‘ah or is unlawful according to the laws of the state.  The hadith in which the scribe and witnesses of riba […]

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Are my earnings as a waiter serving Haram food, considered as Halal income?

Q: Are my earnings as a waiter serving Haram food, considered as Halal income? In light of the fatwa regarding permissibility of working in supermarkets that sell alcohol, is it permissible for me to work as a waiter, serving Haram food?   الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Whilst in principle the two scenarios are […]

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Is it permissible to open a current account with a bank which offers cashback on household bills?

Q: Is it permissible to open a current account with a bank which offers cashback on household bills?   الجواب خامدا ومصليا ومسلما ومنه الصدق والصواب A: This is a form of riba as the money deposited with a bank is a loan which brings the added benefit of a discount when using the account to pay […]

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Can I reduce my tax liabilities through lying, as Islamically we are entitled to whatever we earn?

Q: Can I reduce my tax liabilities through lying, as Islamically we are entitled to whatever we earn? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If the revenues of the state are not sufficient to meet its expenditure needs a tax may be levied on the population provided it is proportionate to the need. […]

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Is trading “covered warrants” on the stock market permissible?

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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Is it permissible to over claim benefits by under-declaring income?

Q: Is it permissible to over claim benefits by under-declaring income? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: It is not permissible to over claim benefits by under-declaring one’s income. Any excess benefit fraudulently received in this manner is unlawful and must be returned to the state. However, if the excess benefit […]

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Zakat on real estate assets listed as “for sale or let”

Q: My question is how should real estate assets which are on the market as “for sale or let” be treated in realtion to zakah. Are they to be treated as trade stock or as rental stock? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: This all depends upon the intention with which the real […]

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What elements of my pension do I need to pay zakah on?

Q: What elements of my pension do I need to pay zakāh on? If my pensions is a “zakātable” asset then what do I need to pay the zakāt on? The entire holding (i.e. fund value) or pay zakāt on the annual contribution? Is zakāt payable on my contribution alone or mine and my employer’s […]

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Is the PayPal Working Capital scheme shariah compliant?

Q: Please could you have a look at the new scheme from PayPal called ‘PayPal Working Capital’ and let me know if it’s permissible, I have had a few people ask me and after looking at it, the scheme looks promising, but my limited knowledge cannot determine if it is indeed Sharia compliant?  الجواب حامدا […]

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