Is it permissible to under-declare income for a means-tested grant?

Q: I would like to know, if a student applies for a means tested grant, is the money halal, if the parent is required to declare their income in the application and they fail to declare it truthfully.  Is the student blameworthy for applying despite not being able to persuade the parent to declare their […]

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What is the Islamic position on CFD Trading?

Q: What is the Islamic position on CFD Trading? I know Spread Betting is not allowed and is fundamentally different to CFD Trading as the former is a synthetic market that can be manipulated by the market makers. Additionally, with regards to ‘owning the stock’, an individual does not own the stock if bought via […]

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Is zakat due on an amount of money I only came to possess 11 days before my zakat anniversary?

Q: Is zakat due on an amount of money I only came to possess 11 days before my zakat anniversary, and which is going to be used to buy a house (and therefore not “surplus” wealth)? الجواب حامدا ومصليا ومنه الصدق والصواب A: Once one becomes owner of the nisab one’s lunar year commences.  Any […]

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