Q: If two or more parties have offered the asking price of a property. The standard process is for the estate agent to enter all interested parties into sealed or un-sealed bids in order to achieve the best possible price for the propery. Usually this results in offers being made above the asking price. Sealed […]
Read more...Category: Earning Halal Fatawa
Is it permissible to buy and sell precious metals and commodities on the market?
Q: I am interested in trading precious metals and commodities on the market and wanted to know if this is halal. Looking at the market they seem to sell silver based on GBP. Am I allowed to buy and sell these items in the same way shares are bought and sold, in order to gain […]
Read more...Is the final salary/defined benefit scheme permissible?
Q: I am a teacher in a secondary and one thing that is offered to all teachers is the Teacher Pension scheme. such a scheme or any pension scheme deemed as halal, would it be better to opt-out of such schemes? It is the teacher pension scheme offered by the government. Each month an amount […]
Read more...Can a loan be transferred to a 3rd party?
Q: I have taken a loan from my sister and then I have lent the money to a 3rd party on the condition that, they will repay back the loan to my sister directly. Am I still responsible for the loan? If yes then how do I include it in my Will? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: You remain responsible for […]
Read more...Can someone work in restaurant where alcohol is served?
Q: One of my sister-inlaws family member has recently started working in a restaurant as a chef or waiter where alcohol is also served. Would his income halal and is my sister inlaw ok to go over and stay with them and eat with them? الجواب حامدا ومصليا ومنه الصدق والصواب A: It […]
Read more...Can I work for the London Stock Exchange (LSE)?
Q: Is earning any money from the London Stock Exchange halal i.e they are not a bank where majority of the income is from riba but an exchange and make most of their money on fixed commissions on trades and other data services. Does it matter if I am a cleaner or in the IT department? My […]
Read more...Would it be permissible to benefit from a tax relief whislt donating haram earnings to a charity?
Q: I have about £1000 worth of shares in a bank. I now understand its impermissible to hold such shares, so I was going to sell them and give the money to charity with no expectation of reward. However I’ve learnt from HMRC that if I gift qualifying shares to a charity there is income tax […]
Read more...What is the status of the wealth of a revert acquired through haram means?
Q: What is the status of such wealth of a revert which was accrued by him/her prior to accepting Islam and was done So through haraam means? E.g. such pension policies which invested in haraam unit trust companies etc. liquor, pork industry? Is there a difference between riba-warned wealth and haraam product earned wealth of […]
Read more...Is it permissible to work in the Compliance department for a bank?
Q: I have received an offer for a paid internship at Barclays, in the compliance department. I will have a graduate level role, making sure that the bank stays within financial regulation set by the UK’s financial regulators. This will include verifying that financial products that the bank offers are in regulation. This is a general […]
Read more...Can we buy a warranty at the same time of making a purchase?
Q: http://alqalam.org.uk/fatawa/is-it-permissible-to-take-out-a-service-contract-for-the-home-boiler/ It states warranties are not permissible. What if the warranty is purchased at point of purchase eg Laptop £300 + £50 warrantly(parts & Labour). Or Gas boiler £1000 +£100 7yr warranty parts n labour. The following fatawa indicates if done at point of purchase. “In this case, the fee for the warranty will […]
Read more...Working in a hotel that sells alcohol
Q: I have started working for a hotel company, at their HQ, in their marketing department. My concern is that most chains sell alcohol at their premises – is this a company I should avoid working for? The money made is minimal compared to the revenue generated from actual room bookings. Or should I dispose […]
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 […]
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