Q: Would it be Islamically permissible for martial arts’ students to take out insurance cover for health and safety purposes – as this is the requirement of the law of the land? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Conventional insurance contravenes the Sharī‘ah prohibition on ribā, gharar, and maysir. Therefore, one should only […]
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How should I dispose of income earned from a carnival game?
Q: I worked in a carnival in the summer and it was a kids’ game where they drop a quarter (money) into different slots that had (for example colours, different months) and then I would roll the ball. If for example the ball lands on the month September then anyone who put a quarter in […]
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...Paying someone to get results of fixed matches and then betting accordingly
Q: My spouse has been gambling for 3 years. Over these years the family has been through hell. As a result of his gambling he has lost over half a million pounds. All his hard work has been wasted. He still has an outstanding debt of 15 thousand pounds to pay. The family is just surviving […]
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