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Zikat on plot in Islam

If someone has bought a plot for investment for his retirement or using it later for children then would he has to pay Zikat on the plot? Also when he has more money in his saving , he sell the plot ...
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1answer
20 views

investment without accepting loss on the invested amount. Permissible or not?

My friend wants to invest with someone. He is willing to accept the profit or loss on the income amount. But he is not willing to accept the loss on the amount invested. For example if he want to ...
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1answer
37 views

Investment Finance Query

I recently made an investment but now am uncertain if the returns are halal. Below is the agreement between me and the company. 1) I invested a sum of money for a project in India and have a stake ...
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2answers
396 views

Is crowd-funding Halal?

Is it Halal to donate money to company (who need money to fund a product/project/etc...) online via crowd-funding sites such as: Kickstarter or IndieGoGo? What if I gave money to a company (who need ...
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1answer
388 views

Saving accounts - Investments - what is halal and what is not

I have been reading a few articles recently in regards to interests/profit accrued from saving accounts and found out that they are forbidden. I currently have a current account that works as a ...
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1answer
77 views

Can I earn interest from 457 plan?

Since I work for the government company we get 457 plan similar to 401k. Can I earn interest from that and not from the bank? If not what are my other options?
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2answers
81 views

Is profit from selling various products which include red wine halal?

Ok im asked to join this program, where we park our money in it and we are given 1-3% profit. The profits come from the buying and selling of items from different merchants in the program, from every ...
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2answers
108 views

Dues my brother should have given me after me selling my property for a business proposal

I sold my flat for a property investment with my brother twice. He had got the proposal which seemed good and I trusted him. I have no written proof because I trusted him blindly. When he didn't give ...
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2answers
2k views

Contract for Difference (CFD)

UPDATE 1: So those sharia compliant CFD's, how are they different interms of gambling from the non sharia complient CFD's? As even the non sharia complient CFD's have no interest if you don't hold ...
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1answer
58 views

Is it necessary for the mudarib to reveal his dealings to the rab-al-mal?

In a mudarabah-based business, does the rab-al-mal have the right to know which businesses the mudarib chooses to invest the capital in? If, for example, the mudarabah contract clearly requires the ...
3
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1answer
633 views

Islamic investments

I've been reading about the Islamic stock market and have been looking at some of the companies in some of the Islamic indexes and/or Islamic funds. I have noticed that they include companies which ...
2
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1answer
4k views

Investment in Islamic Business conglomerate that gives almost fixed returns

We have been investing in Heera Gold an Islamic company which aims to remove interest in society by allowing investment in their mainly gold export import business with an apparently profit sharing ...
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1answer
892 views

What is the Islamic definition of 'trading' - Sunni view?

What is the Islamic definition of trade? I understand that Zakaat is not paid on Diamond jewelry, as long as the diamonds are not bought for trading purposes: Shaykh Ibn Baaz (may Allaah have ...
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0answers
380 views

Is working in an investment bank halal? [duplicate]

Many students and graduates do internships and sometimes go further to pursue a career in an investment bank. I wanted to know: what is the ruling on working in an investment bank? I also wanted to ...
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2answers
2k views

Are islamic Funds and/or ETF's really halaal investments?

According to iShares: The MSCI World Islamic Index offers exposure to stocks from the MSCI World Index which comply with Shariah investment principles. I don't get it, the ETF LSE:ISWD (...
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1answer
2k views

Investing in Gold EFTs

I've noticed that the stocks and shares market gives investers the ability to invest in physical gold without having to have the physical gold, i.e. view EFT's such as LON:PHGP. ETFS Physical Gold ...
3
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1answer
66 views

Pension schemes and zakaat

Apparently in the UK, work based pension schemes will become obligatory in 2014. I have done a little research in this and it is possible to choose a company you want to invest in, allowing you to ...
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1answer
2k views

Zakat Calculation: Investments

I originally asked this question which I am splitting up. Investments and shares for retirement: Pay while contributing on the contribution amount or pay when retiring and we are able to withdraw the ...
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13answers
61k views

Is investing on stock market Haram?

Recently while talking to a non-muslim person he said "stock market is nothing but gambling". And I have met many people with same thought. As per my understanding Gambling is something where you bid ...