Permissibility of Sealed and Unsealed Bids When Selling Properties

Q: If two or more parties have offered the asking price of a property. The standard process is for the estate agent to enter all interested parties into sealed or un-sealed bids in order to achieve the best possible price for the propery.  Usually this results in offers being made  above the asking price. Sealed […]

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Is the final salary/defined benefit scheme permissible?

Q: I am a teacher in a secondary and one thing that is offered to all teachers is the Teacher Pension scheme. such a scheme or any pension scheme deemed as halal, would it be better to opt-out of such schemes? It is the teacher pension scheme offered by the government. Each month an amount […]

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Is it permissible to under-declare income for a means-tested grant?

Q: I would like to know, if a student applies for a means tested grant, is the money halal, if the parent is required to declare their income in the application and they fail to declare it truthfully.  Is the student blameworthy for applying despite not being able to persuade the parent to declare their […]

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Is it permissible to work as an energy trader?

Q: Is it permissible to work as an energy trader? The role would involve trading futures contracts. الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Trading in futures contracts does not comply with Shari‘ah requirements and so any remuneration earned for performing such activity is not halal. Essentially, a sale contract must be contracted at […]

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Is my income as a para-planner halal?

Q: Is my income as a para-planner ḥalāl, since I will be doing the research but not the advising on the different products (life insurance, mortgages, fixed interest bonds, mutual funds with non sharīʿah compliant companies etc)? I am currently training as a para-planner at a small independent financial advisory firm and I wish to […]

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My employer wants me to exaggerate the time spent on tasks on a timesheet for a client

Q: My employer wants me to exagerate the time spent on tasks on a timesheet for a client. الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: You cannot make a dishonest claim even if it is at the insistence of your employer. If it is normal practice that the time taken to register the time […]

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Can I sell property to a buyer with a conventional mortgage?

Q: Can I sell property to a buyer with a conventional mortgage? We are in the business of buying and selling properties in the U.K. and wish to ensure that our business is ethical, halâl and permissible. We list below the 3 options of conducting our business on which we would be pleased if you […]

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Is it permissible to take an offset mortgage?

Q: Many conventional banks have products called ‘Offset’ Mortgages. These are mortgages whereby:  If i have a mortgage of 50K and savings of 50K the savings offsets the interest on the remaining mortgage value. So in the above case 50K mortgage, 50K savings means zero interest.  Hence, is it permitted to take a conventional mortgage whereby […]

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Is it permissible to invest in a Sharesave scheme of a bank?

Q: Can you tell if the following two forms of investments are permissible from a sharia perspective.  Intention is to use the schemes as tax efficient vehicles only with a view of separating any impermissible profit and donating it to charity at the end of the scheme. 1. Sharesave – Sharesave scheme of a bank […]

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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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Is it permissible to sell halal products to night clubs and bars?

Q: Is it permissible to sell and provide halal products to night clubs and bars. I would only be entering their premises during the day time when they will not be engaged in active business. The halal products that I would be supplying is an energy-shisha vapour product and dispensed from a vending machine located […]

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