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...Author: alqalam
Do I need to pay Zakat on my pension each year or when I start receiving it?
Q: Do I need to pay Zakat on my pension each year or when I start receiving it at the age of 55? The pension is two fold. 1) My employer contributes £300 per month towards my chosen pension provider. 2) My annual bonus, rather than paying 40% tax on it, is paid to my […]
Read more...Is Zakat payable on wealth not held in possession for the entire year?
Q: In the beginning of the year 2014 my husband and I were looking to purchase our first home.We are currently renting privately. I had about £50,000 savings. We both work full time and our salaries were going to contribute to the eventual purchase (as it takes about 12-16 weeks for completion and all monies […]
Read more...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 […]
Read more...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 […]
Read more...Is income earned from a job as a wedding photographer halal?
Q: One of my friends is a wedding photographer. Is the job permissible? He doesn’t print the photos off and hands it to the customer as a CD, but the same time he takes photos in a mixed gender environment. Will the money he earns be halal? Or will he just incur a sin whilst […]
Read more...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 […]
Read more...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 […]
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 zakat due on an amount of money I only came to possess 11 days before my zakat anniversary?
Q: Is zakat due on an amount of money I only came to possess 11 days before my zakat anniversary, and which is going to be used to buy a house (and therefore not “surplus” wealth)? الجواب حامدا ومصليا ومنه الصدق والصواب A: Once one becomes owner of the nisab one’s lunar year commences. Any […]
Read more...Is it permissible to pay more than 2.5% in zakat?
Q: I understand that the zakah is 2.5% of assets but if one has more than that to pay and is able and willing, can they do that? Or does it have to be exactly 2.5%, no less or more? الجواب حامدا ومصليا ومنه الصدق والصواب A: One can pay more than the 2.5% that […]
Read more...Would it be permissible to pay zakat to an institution who are to spend it 100% on the living essentials of their pupils?
Q: Would it be permissible to pay zakat to the institution who are to spend it 100% on feeding, clothing and living essentials of the pupils? الجواب حامدا ومصليا ومنه الصدق والصواب A: It is not sufficient to simply spend the zakat funds upon eligible recipients even if it is 100%. This alone will not […]
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