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 […]
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Can I set up a Personal Injury Trust for my son?
Q: My son, who is 28 years old, is going to receive compensation for injury he sustained when he was attacked during his study in the UK. I, his mother, came from my country to care for him because he was left with brain damage and left paralysis. His father stayed home to work and […]
Read more...Is it permissible to purchase stocks using call and put options?
Q: Is it permissible to purchase stocks using call and put options? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: Call and put options are essentially the sale of a right which one party gives to another in return for a fee. The option holder purchases the option to hedge against possible negative […]
Read more...Does Islam encourage people to work even if the only work they can find is low paid manual employment?
Q: Does Islam encourage people to work even if the only work they can find is low paid manual employment? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: It is clear that Islam encourages hard work, enterprise and self sufficiency.[1] Even when one is rightfully eligible to receive from the public treasury it […]
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 […]
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