Is it acceptable to take a shari’ah compliant loan arranged by the Financing Sharia Enterprise?

Q: The government backed Start Up Loans Company is offering a shariah compliant loan to customers wanting a halal alternative. The shariah compliant loan is being arranged by the Financing Sharia Enterprise and from their website it appears they are using the Mudaraba system. Is this acceptable according to shari’ah? الجواب حامدا ومصليا ومسلما ومنه […]

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Are we permitted to work in a bank or insurance company if our job is limited to a non-haram part of the business (e.g. as an IT technician)?

Q: Are we permitted to work in a bank or insurance company if our job is limited to a non-ḥarām part of the business (e.g. as an IT technician)? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: When working as an employee in a business where a major portion of the business does […]

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Is it permissible for an accountant to produce external reports for banks?

Q: I currently work for my own company specialising in providing Accountancy Services mainly to large Corporate businesses. I work 6-12 month contracts on projects or providing short term cover. My contracts are primarily in the Banking sector. My key responsibilities are to support the production of external reporting for the Bank so that it […]

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What is the Islamic position on CFD Trading?

Q: What is the Islamic position on CFD Trading? I know Spread Betting is not allowed and is fundamentally different to CFD Trading as the former is a synthetic market that can be manipulated by the market makers. Additionally, with regards to ‘owning the stock’, an individual does not own the stock if bought via […]

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Can I be held liable for the tax evasion of my employers?

Q: What is the ruling on tax in Islam; specifically, employment tax? If I have a job where I am given cash in hand, so that the company can avoid tax, would I also be liable for escaping tax?  Alternatively if I am hired privately to do a one off job, for example to paint […]

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Is a husband obliged to pay back the debt of his wife?

Q: Is my wife’s student loan something that I as the husband should be considering repaying back on her behalf, on the basis that she may not go back into employment? Does the loan become the husband’s responsibility? What if the husband is currently in the process of clearing his own personal debts?   الجواب […]

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Would one be held liable Islamically, it they were to die before paying off thier student loan?

Q: When one dies still owing some student loan, it is written off. What is the Islamic perspective on this? Will we still be held accountable for this in front of Allah? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: As the loan is written off the borrower will not be held accountable for not […]

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Can I take a loan that gives a choice between paying the principal within a defined period or the payment of an increment after the period?

Q: Can I take a loan that gives a choice between paying the principal within a defined period or the payment of an increment after the period? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: In principle, any loan that gives a choice between paying just the principal within a defined period or the payment […]

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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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Is it permitted to claim unemployment benefits if one is readily able to find work but prefers to stay at home instead?

Q: Is it permitted to claim unemployment benefits if one is readily able to find work but prefers to stay at home instead? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: There are two main unemployment benefits: · Job Seekers Allowance (JSA) · Income Support (IS). JSA can only be rightfully claimed by […]

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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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