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...Category: Earning Halal Fatawa
Is paying back a student loan a requirement before going on Hajj?
Q: My husband and I have applied to go on hajj this year inshAllah. I was reminded by my husband however that I have not paid back my student loan of £9000, which i took out before I got married, to help pay fees and expenses of 3 years of a degree in Medicine. I say […]
Read more...Private pensions involve investment into the stock market, whereby, each person is required to select a level of risk they wish to undertake; low, medium, high. Is this risk halal?
Q: Private pensions involve investment into the stock market, whereby, each person is required to select a level of risk they wish to undertake; low, medium, high. Is this risk halal? The pension advisors mention that you may not receive the amount you invest (as a minimum) if you take a greater risk in investments. الجواب […]
Read more...Is leveraged trading through a broker providing interest free brokerage account permissible?
Q: Is leveraged trading through a broker providing interest free brokerage account permissible? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Leveraged trading is not permissible as you are selling something you don’t have or does not even exist.
Read more...What types of contracts may relate to a minor and what basic rulings apply?
Q: What types of contracts may relate to a minor and what basic rulings apply? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: There are three basic types of contracts that may relate to a minor: 1. Contracts that are only beneficial for a minor. E.g., acceptance of gifts, charity or wills. Such contracts do not […]
Read more...Can I pay Zakat on my mothers behalf even though I have a student loan to repay? Will it be considered a Sadaqah for me?
Q: Can I pay Zakat on my mothers behalf even though I have a student loan to repay? Will it be considered a Sadaqah? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: You can pay your mother’s Zakat on her behalf with her permission. This will be considered a Sadaqah for you. Repayment of debt is a […]
Read more...Is it permissible to give Sadaqah from your child benefit money or is the permission of the child required?
Q: Is it permissible to give Sadaqah from your child benefit money or is the permission of the child required? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Child benefit is a payment to and the property of the parent with parental responsibility. Whilst it is intended and indeed expected that the parent will use the […]
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 of 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...What is the Islamic position on ‘Spread Betting’?
Q: What is the Islamic position on ‘Spread Betting’? Please find below two definitions given for this activity. From http://www.investopedia.com/terms/s/spreadbetting.asp Definition of ‘Spread Betting’ A type of speculation that involves taking a bet on the price movement of a security. A spread betting company quotes two prices, the bid and offer price (also called the spread), […]
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 […]
Read more...My father said that if he gives me money as a gift, I must buy a house. Is this a type of riba statement?
Q: My father said that if he gives me money as a gift, I must buy a house. Is this a type of riba statement? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If your father gives you some money and stipulates that you must purchase a house therewith, irrespective as to whether the […]
Read more...Is paying off a person’s debt permissible if that debt was taken out for something deemed impermissible in Sharī‘ah?
Q: Is paying off a person’s debt permissible if that debt was contracted for something deemed impermissible in Sharī‘ah? الجواب حامدا ومصليا ومنه الصدق والصواب A: In principle, if you gift or lend someone some money that person is free to utilise that money in whichever way he/she feels even if you have […]
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