Is the Legal and General Ethical Pension Fund Permissible?

Question: Is the Legal & General Ethical Pension Fund Permissible? https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx?type=custom_field.www_landg_co_uk.factsheet_SHIFA&user=flweb&id=62fc2302-3833-4cfb-bafb-e8eff5176882&track1=68896048-52f1-40eb-a86c-3e1d119e18a3&track2=LegalAndGeneralAdviser Answer: الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب The LEGAL & GENERAL PENSION ETHICAL FUND in question invests nearly 30% in the interest based financial sector and thus it cannot be considered to comply with Islamic law. And Allah knows best, Mufti Mohammed Zubair […]

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How can potential Zakat recipients be determined?

Question: When determining who is eligible for Zakat ,what information and verification is required?            Are any of the following acceptable methods of selecting Zakat recipients? Only ask the beneficiary, if they are eligible for Zakat? Ask the beneficiary for amount of savings, debts, income and expenditure to then calculate a rough eligility based on Nisab? Does […]

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Is it permissible to take out critical health insurance?

Question: Is it permissible to take out critical health insurance? Answer: الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب Conventional insurance is a commutative contract that involves gross uncertainty, contingent return, meysir and riba. Thus, conventional insurance is not permissible and is tolerated only where it is a legal requirement or a real necessity. Critical illness insurance […]

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Can Gift Aid Small be used for construction or running costs for a Masjid/Madrasah?

Q: Is it possible to claim using the Gift Aid Small Donation and use these funds for contruction or running costs for a Masjid/Madrasah project – especially as it’s not clear whether this is donors income tax or general public funds? Gift Aid Small Donations Scheme allows charities to claim gift aid on anonymous (e.g. bucket) […]

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