Q: The 1st Ethical Zakah guide mentions Zakah cannot be given to one’s spouse. However this Hadith appears to indicate giving Zakah to one’s spouse is permissible. Please can you clarify? الجواب حامدا ومصليه ومنه الصدق والصواب A: There is a difference of opinion as to whether a wife can give Zakah to her poor husband. The position […]
Read more...Q&A Fatawa
If a student has an unpaid education related loan, can his parents use their Zakah money to pay off the loan?
Q: If a student has an unpaid education related loan, can his parents use their Zakah money to pay off the loan? الجواب حامدا ومصليا ومنه الصدق والصواب A: Firstly, for the valid discharge of Zakah one must make the recipient owner of the Zakah. One cannot simply pay off the recipient’s debt on his behalf […]
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 there an Islamic way where you can guarantee percentage of profitability for the investor?
Q: Is there an Islamic way where you can guarantee percentage of profitability for the investor? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: It is not permitted to guarantee a percentage of profit to the investor. Rather, the very basis for his eligibility for profit is that he is also exposing himself to […]
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...I have ceased trading temporarily due to education, however will resume upon completion, do I have to pay Zakah on the remaining stock even though I am not going to be selling it soon?
Q: I have ceased trading temporarily due to education, however will resume upon completion, do I have to pay Zakah on the remaining stock even though I am not going to be selling it soon? الجواب حامدا ومصليا ومنه الصدق والصواب A: As long as the items are intended to be sold, whether immediately or at […]
Read more...As a foreign student in the UK, my government estimates living expenses and deposits the money in my account, is this liable for Zakah even though it’s living expenses?
Q: As a foreign student in the UK, my government estimates living expenses and deposits the money in my account, is this liable for Zakah even though it’s living expenses? الجواب حامدا ومصليا ومنه الصدق والصواب A: If the ownership of the deposited amount has transferred to you and it is above the Nisab then you […]
Read more...Do I have to pay Zakah on a personal loan I have lent to my brothers?
Q: Do I have to pay Zakah on a personal loan I have lent to my brothers? الجواب حامدا ومصليا ومنه الصدق والصواب A: A personal loan is a strong debt upon which Zakah remains payable for the duration of the loan even before one recovers possession of the same. Thus, you will have to pay […]
Read more...