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...Category: Earning Halal Fatawa
Working as a pensions administrator
Q: Is working as a pensions administrator allowed in Islam? الجواب حامدا ومصليا ومنه الصدق والصواب A: The permissibility of working as a Pensions Administrator depends upon the nature of the work involved. However, it is very highly likely that a significant part of the role if not most of the role will involve processing […]
Read more...Can you transport alcohol and haram food as part of your job?
Q: I would like to ask if you can work as a lorry driver who distributes all types of food to supermarket like Tesco ASDA including pork meat and alcohol drinks. So my Question is in islam can you work like that driver who distributes these food including the alcohol and pork meet although compared with […]
Read more...Can we take a mortgage in order to own one house?
Q: Alhamdulilah my family has kept away from bank loans and mortgages due to interest involvements but as everyone knows house is a necessity so some scholars do say one can compromise on interest issues when it comes to buying one house in your life time,please clarify how strong is this argument.what should one do in […]
Read more...Does Zakah need to be paid on maternity pay that may need returning?
Q: Does Zakah need to be paid on maternity pay that may need returning if one can’t go back to work and hence has been kept aside? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Once maternity pay is received the recipient becomes owner of the same. As it is not a loan it will […]
Read more...Can I be a partner in a company that borrows interest based loans?
Q: I want to buy a business with a Muslim friend, and I want to avoid using an interest bearing loan from the bank. My friend has studied the issue of interest and holds the opinion it is permissible in this country. If the bank agrees to loan the money to my friend whilst I make a contribution towards […]
Read more...Can I sell property to a buyer with a conventional mortgage?
Q: Can I sell property to a buyer with a conventional mortgage? We are in the business of buying and selling properties in the U.K. and wish to ensure that our business is ethical, halâl and permissible. We list below the 3 options of conducting our business on which we would be pleased if you […]
Read more...Can accountants take on clients who sell alcohol?
Q: Can accountants take on clients who sell alcohol? A: It is permitted to draw up financial accounts of a client who sells alcohol. If the client is non-Muslim then the remuneration is also ritually pure. If the client is Muslim and remunerates you from the proceeds of the alcohol specifically or from a co-mingled pot […]
Read more...Is it permissible to open a current account with a bank which offers cashback on household bills?
Q: Is it permissible to open a current account with a bank which offers cashback on household bills? الجواب خامدا ومصليا ومسلما ومنه الصدق والصواب A: This is a form of riba as the money deposited with a bank is a loan which brings the added benefit of a discount when using the account to pay […]
Read more...Is interest permissible if below the inflation rate?
Q: Is interest permissible if below the inflation rate? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: The permissibility of interest at or below the rate of inflation is not supported by Al-Qalam and the majority of scholars. Please see the following link: http://www.1stethical.com/wp-content/uploads/2010/07/StudentLoans.pdf Rather, any loan that attracts a conditional increment is not permitted. This […]
Read more...If one has to pay money to apply for a grant, would this be considered gambling?
Q: If one has to pay money to apply for a grant, would this be considered gambling? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If the fee represents real costs for processing the application it is permissible to charge such fee.
Read more...Can I use an Auto-Order option for online trading?
Q: In trading, when looking at charts, you can leave a auto-order to buy for you when price reaches a certain level. If you are not there at this time, is the purchase permissible? Is your presence necessary for the contract? Sometimes, you might be asleep but want to purchase at a given price, so you […]
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