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.
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When applying for a grant to be used for a specific purpose, is it permissible for one to use the grant received for a different purpose?
Q: When applying for a grant to be used for a specific purpose, is it permissible for one to use the grant received for a different purpose? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If the award of the grant is based on qualifying criteria then the criteria must be satisfied for the grant […]
Read more...In my Final Salary Pension there is a ‘death in service’ agreement, whereby lifetime assurance cover is payable which is 4 times the salary value. This is paid by the employer an no contributions are made by the employee. Is it permissible for my spouse to receive this lump sum?
Q: In my Final Salary Pension there is a ‘death in service’ agreement, whereby lifetime assurance cover is payable which is 4 times the salary value. This is paid by the employer and no contributions are made by the employee. Is it permissible for my spouse to receive this lump sum? الجواب حامدا ومصليا ومسلما […]
Read more...Please could you comment on the permissibility of a Final Salary Pension Scheme?
Q: Please could you comment on the permissibility of a Final Salary Pension Scheme? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Please visit the following links for further information: https://alqalam.org.uk/wp-content/uploads/pensions-and-gross-uncertainty-revised-V1aa.pdf and http://213.175.220.56/~alqalamo/wp-content/uploads/Zakah-on-Pensions.pdf. The above two links provide background and some of the answers to your questions. However, to answer in brief: Final Salary […]
Read more...Is it permissible to work as a Tax Compliance and Transfer Pricing Accountant or in the Finance Department of an insurance company?
Q: Is it permissible to work as a Tax Compliance and Transfer Pricing Accountant or in the Finance Department of an insurance company? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: When one works for a company where a major portion of the business activities of the company do not conform to the dictates of Sharīʿah […]
Read more...What is the ruling on Binary options trading?
Q: What is the ruing on Binary options trading? الجواب حامدا ومصليا ومنه الصدق والصواب A: Please see the following link: https://alqalam.org.uk/fatawa/investments-fatwa/is-it-permissible-to-purchase-stocks-using-call-and-put-options/ Binary options (all-or-nothing options) are simply another form of call or put options and are not sanctioned in Islam.
Read more...Is a Muslim better off earning no interest on money in the bank, or taking interest with intention of giving it to the poor?
Q: Is a Muslim better off earning no interest on money in the bank, or taking interest with intention of giving it to the poor? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: If it is possible to open an account with an Islamic bank or the Islamic window of a conventional bank and […]
Read more...Am I allowed to claim tax benefits as I have just been working a cash-in-hand job over the summer?
Q: Am I allowed to claim benefits as I have just been working a cash-in-hand job over the summer? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If the tax regulations allow for you to claim tax benefits then you can claim, otherwise not. It would be appropriate for you to seek advice from your local […]
Read more...Is checking the terms of use of a website required when carrying out research as part of my work?
Q: Is checking the terms of use of a website required when carrying out research as part of my work? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: If you are making commercial use of the website content then you must abide by the copyright restrictions as required by the copyright holder/copyright law. It is not […]
Read more...Is it permissible to sell land at a profit knowing it will be used for burial purposes of Muslims or non-Muslims?
Q: Is it permissible to sell land at a profit knowing it will be used for burial purposes of Muslims or non-Muslims? الجواب حامدا ومصليا ومنه الصدق والصواب A: One may purchase and resell land at a profit knowing that it will be used for burial purposes irrespective of whether it is for Muslims or non-Muslims.
Read more...If I invest in a partnership with other parties, do I need to verify whether their source of finance is Halal?
Q: If I invest in a partnership with other parties, do I need to verify whether their source of finance is Halal? الجواب حامدا ومصليا ومنه الصدق والصواب A: If you have reason to believe that their source of funding does not conform to Sharī‘ah then you must actively ascertain as to whether that is indeed true. If […]
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 […]
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