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.
Read more...Tag: Earning Halāl Fatwā
Does Islam encourage people to work even if the only work they can find is low paid manual employment?
Q: Does Islam encourage people to work even if the only work they can find is low paid manual employment? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: It is clear that Islam encourages hard work, enterprise and self sufficiency.[1] Even when one is rightfully eligible to receive from the public treasury it […]
Read more...Can someone stuck in a ribā-based loan give voluntary charity, or do they need to pay off the ribā-based loan first?
Q: Can someone stuck in a riba-based loan give voluntary charity, or do they need to pay off the riba-based loan first, given that is a duty, and thereafter resume with giving voluntary charitable donations? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: One who has taken a haram loan or a conventional mortgage should […]
Read more...Is income generated from selling musical instruments haram?
Q: I have a question re income generated from selling musical instruments. In my ‘pre-practising’ days I had purchased musical equipment such as keyboards and subwoofers. The money used to purchase these back then was Halal. If I did now sell these, is the money I make still deemed as Halal? And if for some […]
Read more...Is working for the financial conduct authority permissible?
Q: Is working for the financial conduct authority permissible? I understand that they regulate all businesses including banks, and set the standard for all businesses. I also know that you have to work closely to the banking industry as part of this role. الجواب حامدا ومصليا ومنه الصدق والصواب This will depend upon the principle […]
Read more...Is it permissible to use a non-islamic business account that does not accrue interest?
Q: Is it permissible to use a non-islamic business account that does not accrue interest for a ltd company? الجواب حامدا ومصليا ومنه الصدق والصواب A: It is permitted to use an account of a conventional interest-based bank that does not bear interest for a limited company. Any deposits in the account are essentially a […]
Read more...Do I have to pay tax on tips received during employment?
Q: Does my husband have to pay tax separately for small tips received during his employment? (For example, an average of £5 cash in hand per day). If it is obligatory to pay tax on this and he refuses to do so what is my extent of my obligation towards getting him to do this? […]
Read more...What is the Islamic position on ‘Spread Betting’?
Q: What is the Islamic position on ‘Spread Betting’? Please find below two definitions given for this activity. From http://www.investopedia.com/terms/s/spreadbetting.asp Definition of ‘Spread Betting’ A type of speculation that involves taking a bet on the price movement of a security. A spread betting company quotes two prices, the bid and offer price (also called the spread), […]
Read more...Is it permissible to give Sadaqah from your child benefit money or is the permission of the child required?
Q: Is it permissible to give Sadaqah from your child benefit money or is the permission of the child required? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Child benefit is a payment to and the property of the parent with parental responsibility. Whilst it is intended and indeed expected that the parent will use the […]
Read more...Is leveraged trading through a broker providing interest free brokerage account permissible?
Q: Is leveraged trading through a broker providing interest free brokerage account permissible? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Leveraged trading is not permissible as you are selling something you don’t have or does not even exist.
Read more...Is a Muslim better off earning no interest on money in the bank, or taking interest with intention of giving it to the poor?
Q: Is a Muslim better off earning no interest on money in the bank, or taking interest with intention of giving it to the poor? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: If it is possible to open an account with an Islamic bank or the Islamic window of a conventional bank and […]
Read more...What is the ruling on Binary options trading?
Q: What is the ruing on Binary options trading? الجواب حامدا ومصليا ومنه الصدق والصواب A: Please see the following link: https://alqalam.org.uk/fatawa/investments-fatwa/is-it-permissible-to-purchase-stocks-using-call-and-put-options/ Binary options (all-or-nothing options) are simply another form of call or put options and are not sanctioned in Islam.
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