Q: I work in retail and with a manual till, so prices need to be entered in. I thought an item was 45p (it usually is for the last couple of months) but it was actually 42p, so I overcharged a customer 3p. The customer had taken it to give to their child so I didn’t […]
Read more...Category: Fatawa
Is Working as an External Auditor Acceptable?
Q: I am working as an external auditor. I have always had the conception that working for a bank is not lawful dealing in interest. I am currently looking for potential jobs and there are some well paid jobs being offered by some of the leading banks in their internal audit departments which look after […]
Read more...Is my income haram if a percentage of my income is from haram means?
Q: I work for a software distribution company, where the revenue is generated by selling the software to different types of companies like Oil & Gas, Media, Banks, Hospitals, Airlines, etc. We are not sure how their revenue is generated. I understand that banks run on the concept of riba and it is haram to […]
Read more...Is it permissible to use a non-islamic business account that does not accrue interest?
Q: Is it permissible to use a non-islamic business account that does not accrue interest for a ltd company? الجواب حامدا ومصليا ومنه الصدق والصواب A: It is permitted to use an account of a conventional interest-based bank that does not bear interest for a limited company. Any deposits in the account are essentially a […]
Read more...Do I have to pay tax on tips received during employment?
Q: Does my husband have to pay tax separately for small tips received during his employment? (For example, an average of £5 cash in hand per day). If it is obligatory to pay tax on this and he refuses to do so what is my extent of my obligation towards getting him to do this? […]
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...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...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...My children’s wealth does not reach the Nisab individually, but collectively it does, is Zakat due on the collective amount?
Q: My children’s wealth does not reach the Nisab individually, but collectively it does, is Zakat due on the collective amount? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Zakat is an individual payment to be paid on one’s own Zakatable assets but according to the Hanafi School the assets of children are not liable to […]
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...Can I take medical insurance as part of my salary package?
Q: Can I take medical insurance as part of my salary package? If an employer gives you a choice between taking some extra cash other than salary or get medical benefits, and one knows that medical benefits / insurance is more beneficial to him in terms of his expenses, and therefore he chooses to get […]
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 […]
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