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...Category: Gifts and Grants
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...My mother agreed to let her property be used for a madrassa, however she now needs to sell the property due to financial hardships. Is she able to do this?
Q: My mother agreed to let her property be used for a madrassa, however she now needs to sell the property due to financial hardships. Is she able to do this? My mother has been donating money to Islamic projects in the past and came across an Imam who wanted to establish a madrasa in […]
Read more...Are you allowed to give money to pay off someone’s debt while knowing that part of that is likely to go towards paying off interest?
Q: Are you allowed to give money to pay off someone’s debt while knowing that part of that is likely to go towards paying off of interest? The recipient of the financial help is a non-Muslim. الجواب حامدا ومصليا ومنه الصدق والصواب A: In principle, if you gift or lend someone some money that […]
Read more...Can I give my wealth to my children during my lifetime?
Q: Can I give my wealth to my children during my lifetime? I understand that when writing a will the Qurʾān tells us how our wealth should be distributed, e.g. 2/3 to the son and 1/3 to each of two daughters. But if I want to give my wealth to my children during my lifetime […]
Read more...Will a gift be completed through the legal transfer of deeds? What if the donee is not aware of the gift?
Q: I have two questions regarding inheritance and gifts: 1) a family of four (mother, father and two sons) live together in one house. The father wishes to gift his house to both of his sons in his lifetime. What is the correct way of doing this Islamically? 2) can a mother gift her house (that […]
Read more...The ruling on gifting a property and retaining the right to live in it
Q: Husband (H) and wife (W) have two daughters. H and W wanted security for their daughters and the following was therefore proposed. H & W gift the property to the daughters but reserve for themselves a right to live in the property for, say, twenty years or death of both H & W, whichever is […]
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...What are the Islamic rules regarding ownership of Gifts for Inheritance Tax purposes?
Q: In the UK, it is possible through a UK inheritance tax law, known as the 7 year rule for a mother to transfer ownership of a home to her son. The idea is that when the transfer is made, the individual who gifts the property has to live for 7 years for there to […]
Read more...If I have wrongly claimed Gift Aid, is repentance enough?
Q: If I have wrongly claimed Gift Aid, what is required of me now by sharia in this case? The transaction is now complete so is not reversible and was processed via a friend. If the charity does end up claiming gift aid, should I pay some money to the government to balance things out? What […]
Read more...Is it prohibited to get a tax refund on Zakāt?
Q: It is prohibited to get a tax refund on zakat? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: The benefit prohibited to the payer of zakāt is that which comes directly from the zakat itself. Incidental benefit from a third party, as in the case of a tax refund, is not prohibited.
Read more...I am getting a university grant, and a scholarship, should zakat be paid on this? if so, when should I pay it?
Q: I am getting a university grant, and a scholarship, should zakat be paid on this? if so, when should I pay it? i.e. pay today and then wait for one Islamic calendar to pass by then pay again? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If you are liable for zakat […]
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