Q&A Fatawa

Do I have to pay zakah on my salary, if I haven’t received it?

Q: What is the ruling in relation to zakāh on my salary? For e.g. an individual who is paid his salary at the end of the month has to calculate his zakāh on the 25th of the month. Does he have to pay zakāh on the proportion of salary owed to him on the 25th […]

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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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What is the ruling on life insurance?

Q: What is the ruling on life insurance? Does the ruling differ if one truly thinks ‘they need it’, as oppose to seeking financial security. And lastly, is it OK for them to take it if they have found an edict espousing a view holding it as permissible?   الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب   A: […]

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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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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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What happens to the wealth of a revert if they leave no Muslim inheritors?

Q: What happens to the wealth of a revert if they leave no Muslim inheritors?     الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب   A: A revert who leaves no Muslim inheritors may bequeath up to one third of his/her residual estate to non-Muslim relatives and friends etc.  Under an Islamic system, the remaining two thirds […]

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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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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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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 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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