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), […]

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Paying someone to get results of fixed matches and then betting accordingly

Q: My spouse has been gambling for 3 years. Over these years the family has  been through hell. As a result of his gambling he has lost over half a million pounds. All his hard work has been wasted. He still has an  outstanding debt of 15 thousand pounds to pay. The family is just  surviving […]

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Is it allowed to take out mandatory travel insurance in order to be able to volunteer in a charity abroad?

Q: I have signed up to volunteer for a charity working abroad but have found out that I will be required to take out Travel Insurance. Is it permissible for me to get travel insurance cover or should I opt for volunteering somewhere else where this will not be a requirement?     الجواب حامدا […]

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Would insurance be permissible for martial arts’ students to take out health and safety purposes – as this is the requirement of the law of the land?

Q: Would it be Islamically permissible for martial arts’ students to take out insurance cover for health and safety purposes – as this is the requirement of the law of the land? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Conventional insurance contravenes the Sharī‘ah prohibition on ribā, gharar, and maysir.  Therefore, one should only […]

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