Q: I have £1000 profit worth of shares in a bank (they were acquired through the banks company share save scheme which i’m an employee in the IT department.) I also have a mortgage with the same bank. Is it permissible for me to use the £1000 profit from the shares to pay towards reduction in mortgage. Note […]
Read more...Author: alqalam
Can you work for a music radio station?
Q: I’ve recently started a job with a company involved in the radio industry, they mainly play music. I work as a developer, on their back end systems, such as reporting what songs were played and when, etc and also on an iPhone application that lets people choose songs they want to listen to. Could you […]
Read more...Can I recover initial investments made towards CFDs?
Q: Would it be allowed to recover my initial investment made into CFDs or do I call it ‘quits’? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: You cannot take possession of any money that you have received through the CFDs investments even if it is to recover your initial capital deposit. As CFDs […]
Read more...Can we deduct the deposit due (e.g. for purchase of a house) and stamp duty from zakat calculation?
Q: 1. Before the start of Ramadhan, we agreed on the purchase of a house from Al-Rayan Bank. The property price has already been agreed and the solicitors are already involved with paperwork Insha’Allah to go through soon. I have money in my bank account but of course I am also liable to pay to the […]
Read more...Can I design revealing dresses for women?
Q: I have a bridal dressmaking/tailoring business. Majority of the time it western girls who come to me and ask for bespoke wedding dress. Of course this means that most of these are revealing and sometimes they ask me to do sketches of this dress. Is this business permissible ? 1)Me tailoring or getting my […]
Read more...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 […]
Read more...Is it permissible to work for a clearing house?
Q: I need your guidance in regards to a job offer that I have received. I have been offered a job at the VP (the central securities depository in Denmark) as a relationship manager. My main responsibility would be: •Ensuring that the clients are satisfied with the overall service they are receiving. •Promoting and selling […]
Read more...Can sadaqah be given on behalf of those we have hurt through backbiting etc?
Q: I have backbitten and hurt many people, I have asked those whom I have hurt or wronged to forgive me but never mentioned that I have backbitten them. What I have done so far is: 1) I asked Allah sincerely to forgive me and all those whom I have backbitten ( by saying O’Allah […]
Read more...When doing business, is there a limit on the amount of profit according to Islam?
Q: l had a question regarding silver bullion we buy & sell and wanted to know how do we determine how much to charge to sell these silver bars, what is a acceptable profit margin as my friends says there is none. Even if there is no limit on the profit one is allowed, l […]
Read more...Analysing the impact of changes in the interest rates as part of the job
Q: I was planning to apply for the Government Economic Service’s graduate scheme. Is it halal to work in such a profession in which I may be required to analyse, say, the impact of changes in the interest rates? The work is wide-ranging so it is not guaranteed that I would end up doing such a […]
Read more...Can we take out an individual voluntary arrangement (IVA) for paying off debts?
Q: I have a huge amount of debts and I am considering taking out an IVA plan even though I can make the payments to the companies, Is it permissible for me to take an IVA which means I will not pay back all the money I owe to the creditors which means up to 60% […]
Read more...Returning misappropriated funds
Q: I work as a Locum Optometrist, I did a day for Tesco opticians and it took them a while to pay me. I kept chasing it up and eventually they ended up paying me twice. I rang the store a number of times, unable to reach the manager so eventually left a message for […]
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