Q: A year ago, I passed the nisab and I took note of the date and nisab amount. Before my zakah due date, I fell below that recorded nisab, but by then the current nisab had also fallen below what I possesed (so I have less than the nisab of the very first day I became […]
Read more...Author: alqalam
Can we use invoice factoring?
Q: I have a pharmacy and for all medical items we dispense, I claim a reimbursement from the NHS. They will pay me 2 months in arrears, so as an example, March payment will be paid on the 3rd of May. There is a finance company that can pay March’s payment at the end of March. […]
Read more...Receiving a refund for mis-sold PPI and interest
Q: My father has received a refund for mis-sold PPI on a credit card for period from 2000 – 2012. They have also refunded interest he paid, as well as 8% interest on top as statutory compensation. Is the refund of the interest he paid permissible to keep? Also the 8% interest as compensation? We […]
Read more...Is Zakat liable on invoices not issued yet?
Q: We have annual contracts signed in advance with our customers to provide service support for the year. Invoice is sent out each month. Is zakat liable on the months in advance, even though invoices have not been sent and service not provided yet? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: There is […]
Read more...Is working for the NHS halal since it is funded by taxes and national insurance?
Q: Is working for the NHS halal since it is funded by taxes and national insurance? There is a clear necessity for the NHS and it can only be funded realistically through such taxes. الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A:In Islam there are several sources of state revenue which include, Zakat, Ushr (agricultural […]
Read more...Would my income made from treating patients with Botox be halal?
Q: I write with regards to Botox treatment. I understand that there are differences of opinion with regards to Botox. I would like to know whether or not the income from Botox treatment is halal? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: In principle, if Botox does not contain any unlawful ingredient and is safe […]
Read more...Leaving a bequest in favour of my parents
Q: I have money which my parents gave to me to buy a house, as I feel this is still their money, when I write my will can I stipulate this must be returned to them as the house was never purchased due to my illness? I also have two brothers and a husband, but no […]
Read more...Distribution of wealth once the shares have already been allocated to the heirs?
Q: I have a question in regards to writing a will. Once the shares have been allocated to the heirs, how is the remaining amount distributed? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Upon ones death one has […]
Read more...Working as a breast cancer surgeon
Q: I work as a breast cancer surgeon. I reconstruct the breast after it has been removed for cancer. The reconstruction is done by utilising patients own tissue and and silicone implants. Research has shown that patients who lose their breasts have a higher psychological morbidity than patient who have breast reconstruction. Is this islamically permissible […]
Read more...Islamic Car Finance from “InterestFree4Cars”
Q: Can we buy cars from “Interest Free 4 Cars” company? http://www.interestfree4cars.com/islamic-car-finance-at-interestfree4cars/ الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: I have spoken with the company concerned today. I have been informed that the cars are owned by the company and they arrange finance with a conventional finance provider for a period of five […]
Read more...Can we impose a condition in a gift?
Q: A mother has 3 children. Among her children one was financially well off, another was getting onto the ladder of success while one was struggling to cope. She fell quite ill and gave a gift to the 3rd saying that at the moment others do not need my assistance, BUT if one needs assistance this […]
Read more...Is it permissible to do an Accountant’s letter for a client if it helps with his mortgage application?
Q: Is it permissible to do an Accountant’s letter for a client if it helps with his mortgage application? Please answer for both conventional and ‘Islamic’ mortgages. الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If the letter or accounts are of a generic nature that simply state the financial position of the client then it […]
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