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 […]
Read more...Tag: Earning Halāl Fatwā
If the product purchased is not as advertised and eBay give me a refund due to the seller not responding, what do I do with the product?
Q: If the product purchased is not as advertised and eBay give me a refund due to the seller not responding, what do I do with the product? الجواب خامدا ومصليا ومسلما ومنه الصدق والصواب A: It would appear that eBay guarantees the performance of the contracting parties. The refund you have received is from eBay […]
Read more...What is the Islamic viewpoint on UK Student Loans?
Q: What is the Islamic viewpoint on UK Student Loans? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Please see link below: Student Loans
Read more...Are my earnings as a waiter serving Haram food, considered as Halal income?
Q: Are my earnings as a waiter serving Haram food, considered as Halal income? In light of the fatwa regarding permissibility of working in supermarkets that sell alcohol, is it permissible for me to work as a waiter, serving Haram food? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Whilst in principle the two scenarios are […]
Read more...Is it permissible to take out a loan in which repayment with interest is not required so long as it is paid off prior to the expiry of the grace period?
Q: Is it permissible to take out a loan in which repayment with interest is not required so long as it is paid off prior to the expiry of the grace period? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: In principle, if one agrees to take a loan from another with a grace period in relation […]
Read more...Is it permissible to be an accountant?
Q: Is it permissible to be an accountant? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: It is permissible to be an accountant. However, one should not involve oneself in anything that is prohibited in Sharī‘ah or is unlawful according to the laws of the state. The hadith in which the scribe and witnesses of riba […]
Read more...I intend to purchase a property for my business use for which I intend to borrow the money from my own pension funds.
Q: I intend to purchase a property for my business use for which I intend to borrow the money from my own pension funds. I have a self administered pension scheme to which I and my partners contribute, the scheme allows us to operate and invest the money at our own discretion as so far […]
Read more...Can I perform my prayers during the time in which clients have paid for my services?
Q: Can I perform my prayers during the time in which clients have paid for my services? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Whilst you are required to perform your obligatory prayers within the correct time and it is very understanding of your employer to allow you to do so, you cannot charge […]
Read more...My employer wants me to exaggerate the time spent on tasks on a timesheet for a client
Q: My employer wants me to exagerate the time spent on tasks on a timesheet for a client. الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: You cannot make a dishonest claim even if it is at the insistence of your employer. If it is normal practice that the time taken to register the time […]
Read more...Can you explain the concept of LIBOR?
Q: Can you explain the concept of LIBOR? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Please read from page 117 from the link below: http://islamicfinancenews.files.wordpress.com/2009/09/an20introduction20to20islamic20finance.pdf It has covered this issue in a very easy to understand way.
Read more...Is it permissible to remind a friend of a loan repayment they owe me?
Q: Is it permissible to remind a friend of a loan repayment they owe me? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: It is permissible for you to ask for the amount you loaned to your friend.
Read more...Can I take a loan that gives a choice between paying the principal within a defined period or the payment of an increment after the period?
Q: Can I take a loan that gives a choice between paying the principal within a defined period or the payment of an increment after the period? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: In principle, any loan that gives a choice between paying just the principal within a defined period or the payment […]
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