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...Q&A Fatawa
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...Do I have to pay zakah on my salary, if I haven’t received it?
Q: What is the ruling in relation to zakāh on my salary? For e.g. an individual who is paid his salary at the end of the month has to calculate his zakāh on the 25th of the month. Does he have to pay zakāh on the proportion of salary owed to him on the 25th […]
Read more...What is the ruling in relation to paying zakah on outstanding invoices owed to my business?
Q: What is the ruling in relation to paying zakāh on outstanding invoices owed to my business? For e.g. if a wholesaler sells his merchandise to retailers on credit; How should the wholesaler treat the outstanding amounts on the invoices for the purposes of zakāh? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: […]
Read more...Do I have to pay zakah on a deferred loan repayment?
Q: Do I have to pay zakāh on a deferred loan repayment? What is the ruling in relation to a loan resulting from the sale of personal property with payment deferred to a later date? For e.g. an individual has purchased a new car and paid the price in full. He has sold his old […]
Read more...Do I have to pay zakah on a loan that won’t be repaid to me?
Q: Do I have to pay zakāh on a loan that won’t be repaid to me? If a lender has lost all hope of recovering his loan how should he treat the outstanding amount for the purposes of zakāh? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: If a lender has lost all […]
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...Please explain which descendants of the Holy Prophet Muhammad are not allowed to receive zakah?
Q: Please explain which descendants of the Holy Prophet Muhammad (s)are not allowed to receive zakāh? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: It is actually not the descendants of the Holy Prophet Muhammad (s)that are prohibited from receiving Zakat but rather certain descendents of Banu Hashim of whom the Holy Prophet […]
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 […]
Read more...Please can you advise on the Shariah permissibility of guarantees and extended warranties.
Q: Please can you advise on the Shariah permissibility of guarantees and extended warranties. By guarantees I mean when the manufacturer gives a guarantee for a product without any monetary compensation and extended warranty where essentially a guarantee for the product is purchased. الجواب حامدًا و مصليًا و منه الصدق و الصواب A: Guarantee The […]
Read more...Is a person who has an Islamic Home Purchase Plan able to deduct any future rental installments due to the bank from their zakatable assets?
Q:Is a person who has an Islamic Home Purchase Plan able to deduct any future rental installments due to the bank from their zakatable assets? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: The client cannot deduct rental payments for future periods from his zakatable assets. Only those payments that have fallen due […]
Read more...What is the Shari’ah position with regards to zakah on Murabaha home purchase plans?
Q: What is the Shari’ah position with regards to zakāh on Murabaha home purchase plans? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: Under the Murabahah home purchase plan the client incurs a debt for the balance of the purchase price that is payable over an extended period [typically 25 years as mentioned]. […]
Read more...