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2 answers
80 views

Cryptocurrency - Synthetic Futures - Leveraged Tokens - Halal or Haram?

Assalamu aleikum wa rahmatullahi wa barakatuh, My friend and I are planning to invest in cryptocurrency leveraged tokens, specifically BTC, ETH, and Solana, using a DeFi platform called TLX. You can ...
1 vote
1 answer
92 views

Is it halal to work at this job?

Assalam alikoum My question is related to a job I was working on through the internet before, where I was earning money thats in crypto payment method, so basically I was in the niche of NFTs, I dont ...
0 votes
0 answers
15 views

Ruling of Zakat on bank balance

Is Zakat payable on the minimum bank balance within the year or the bank balance available on the day of Zakat? Kindly guide Jazak Allah
-1 votes
1 answer
74 views

How come all money making methods online are haram?

So recently my friend has told me due to the ayah ( يَا أَيُّهَا الَّذِينَ آمَنُوا أَوْفُوا بِالْعُقُودِ..) Which means "Quran 5:1 O you who believe fullfil contracts." Now people mention ...
0 votes
0 answers
49 views

Is Kalshi haram?

Kalshi is a regulated exchange where you can trade on the outcome of real world events. They provide a place to trade event contracts. I'm not entirely sure if this is haram or not because it's not ...
0 votes
0 answers
9 views

Product segregation and pricing

Is it halal for a producer, say a farmer, to segregate his products from the same farm into lower quality and higher quality (e.g. smaller oranges vs. larger oranges) and sell them at different prices?...
1 vote
1 answer
319 views

Is loopholes are halal in islam

Is loopholes are permissible in islamic finance? I am a bussiness man someone adviced me to buy loopholes to avoid taxes and increase you bussiness rapidly..
0 votes
0 answers
31 views

Is it usury or exploitative if the artist charged a trading fee when someone trades his arts?

I am an artist, and I make digital arts. Is it usury or exploitative if I charge a trading fee everytime someone trades my artwork on a secondary market? because there are market platforms with this ...
0 votes
0 answers
16 views

Business agreement between a doctor and a reputed drug company is halal or haram?

I need a suggestion from you based on the following scenario: "Suppose, Dr.X is working in a private hospital. He makes a business agreement with one of the best companies of a country which ...
0 votes
0 answers
5 views

Is it permissible to work in a financial brokerage house as a marketing and sales representative?

Before going to start job in a financial brokerage house I want to confirm that is it permissible or not. In a financial brokerage house I have been selected as a business development executive in ...
4 votes
4 answers
19k views

Is interest entirely haram or can there be exceptions under neccesity?

A query in similar to a question posted on this site (Is interest-based educational loan allowed? ) (this may seem like a similar question, but from a clear angle). Allah says: “Those who devour ...
1 vote
0 answers
30 views

Islamic financing doesn't make sense (house mortgage)?

I'm aware there are 3 types: I'll buy and then rent it to you and you pay it off slowly I'll buy it and sell it to you for higher price I'll buy and sell it loss/profit will be shared 3 and 1 are ...
3 votes
1 answer
9k views

Is crypto future trading halal or haram?

I recently started exploring crypto and noticed that exchange like Binance.com offers future trading on their platform. So I want to know if this is halal or haram? Binance clearly mentioned in their ...
0 votes
2 answers
338 views

Is it permissible to work as a sales rep in this case?

Assalamu Alikoum I work as a sales representative (I get a commission for each deal closed) for a marketing agency and this agency promotes projects and each project is different, some projects have ...
0 votes
1 answer
23 views

Taking financial loan from islamic organization

Salam, I currently live & work in USA. I am planning to buy an apartment & wanted to take loan from an Islamic organization which claims they use profit instead of fixed interest rate to give ...
2 votes
1 answer
623 views

Is there a difference between taxes and customs in Islam?

هل هناك دليل شرعي يخرج الضرائب من المكوس ذات العقوبة العظيمة في الإسلام؟ هل فرض النبي أو أحدا من الخلفاء دفع مال علي المسلمين غير الزكاة؟ Is there evidence that makes taxes different than customs ...
1 vote
0 answers
13 views

Are Wildlife Conservation Bond halal shariah complaint investments?

How is the Wildlife Conservation Bond generating money to pay out the dividends? Is it Shariah complaint? Ref: https://www.worldbank.org/en/news/press-release/2022/03/23/wildlife-conservation-bond-...
1 vote
1 answer
78 views

Do the principles of Islamic finance apply to central banking?

Given the current situation in Turkey, I was wondering whether the principles of Islamic finance applied to central banking, as I thought they only applied to the retail banking sector, but President ...
1 vote
0 answers
28 views

Short selling in Islamic finance

Does sharia finance allow you borrow an asset and re-sell it and then purchase it back at a later date in order to return the asset? Assume that no finance charges (interest) is charged on the ...
1 vote
0 answers
451 views

Working at Amazon and receiving Restricted Stock Units as compensation Halal?

Amazon includes RSUs as a part of the total employee compensation. However, the company stock is non-sharia compliant http://testblog.islamicly.com/StockReport/shariah-stock-status-report-amazon-inc-...
1 vote
1 answer
121 views

What is the difference between investment and gambling?

Assalam Alaykum my dear brothers and sisters in Islam. I was recently wondering what is the difference between business investment and gambling in Islam? Since as far as I know investing in businesses ...
2 votes
0 answers
106 views

Is Day trading (cryptocurrency) haram?

I've read that buying and selling of something you don't possess is haram however cryptocurrency is different than stocks trading as you don't have to wait for t+2 days for the settlement of the stock....
0 votes
1 answer
41 views

Be Under An Obligation(Owe)

Assalamualakum! I'm in big trouble!{Please consider my language.English isn't my first language.} I am a family man who in most cases have to look after the affairs of the family. Even though I am the ...
0 votes
0 answers
38 views

Is giving equity in exchange of debt riba?

on shark tank you often see deals where an investor say I'll give you $100k as debt. But i'd like 5% equity in company as well. equity is taken right away. debt is paid over time. from one perspective ...
0 votes
1 answer
771 views

What exactly is "shuf'ah"?

What is "shuf'ah" in Islamic sharia? I kindly inquiry for 3 example cases that illustrate shuf'ah, for better understanding.
1 vote
0 answers
58 views

Compound interest=usury?

Usury/Riba is without doubt forbidden in Islam. All contention concerning usury has only ever been about which types of transactions can be categorised as either ill earned or justly earned. Compound ...
1 vote
0 answers
96 views

Is exchanging currency through internet is considered as "hand to hand"? [closed]

Salam Aleikom, Islam has put two rules when exchanging currency, which one of them is that it should be hand to hand transaction. These days people are using internet and mobile applications, this ...
1 vote
0 answers
25 views

What concept(s) does the Islamic jurisprudence offer to save a person from ruining himself and his family?

In some of the ahadith which quotes testaments and limits a testament part to one third of the wealth of a person. The Prophet () warns a sahabi not to leave his inheritors (children) poor due to his ...
1 vote
0 answers
122 views

Selling and buying back stock holdings on the same day

I know short selling is haram because selling whats is not in my posession yet is not permissible, but I am not able to find if these boundary level conditions fall in permissible or not permissible ...
3 votes
3 answers
8k views

Are we allowed to save money in Islam?

I've heard that Allah does not like someone who stores his money and do not spend on poor. I think this is based on the verses 104:1-2: Woe to every scorner and mocker Who collects wealth and ...
1 vote
1 answer
1k views

Shariah Compliant Investment Holding Term/Duration

I've referred to a lot of blogs, articles and documentation about shariah compliance in stock market investments but have failed to find the limits about the minimum duration to hold on a stock before ...
1 vote
1 answer
109 views

Is loan / finance job is halaal for muslim?

Assalam u alaikum My husband is working as an ASM in a financial company from last 15 years. As l had gone through quraan translation i came to know that direct/ indirect riba, people who make entry ...
-1 votes
1 answer
1k views

Is Etoro Halal?

They have an Islamic account as well : https://www.etoro.com/customer-service/islamic-account/ My doubt is mainly around CFDs (contract for differences).
1 vote
1 answer
275 views

Dealing in Interest while Living in a Non-Muslim Country

If a person lives in a country which has an interest based banking system then is he not allowed to work in any company or institution then? As all companies will comply with the government rules ...
10 votes
1 answer
269 views

Is it permissable for a scholar to recieve govermental salary?

The Holy Quran in different verses says that the Prophet(PBUH) did not ask any wage for Islam. For example: لِكَ الَّذِي يُبَشِّرُ اللَّـهُ عِبَادَهُ الَّذِينَ آمَنُوا وَعَمِلُوا الصَّالِحَاتِ ۗ ...
4 votes
4 answers
9k views

Does Islam Permit Tax Evasion?

Given a question on how an Islamic state handles tax, I'm sure some people are wondering: does Islam permit tax evasion? Tax evasion refers to "trying to get out of paying tax that you rightfully owe,...
6 votes
1 answer
537 views

What happens in a Murabaha mortgage when the seller defaults?

The question Why is Murabaha not considered Riba? discusses the theoretical difference between Murabaha and riba. I would like to know if there is any practical difference. To be concrete, let's talk ...
7 votes
1 answer
6k views

Should a mortgage be treated as loan and hence be deducted from net worth when calculating zakat? [closed]

A mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while ...
1 vote
3 answers
3k views

Is binary option trading halal?

I want to know about binary option trading. In this trading a person predicts that if the currency goes up in the next 1 minute to 1 day, then one will buy and if one's prediction is correct one gets ...
10 votes
2 answers
266 views

Is Usufruct (where a loaned item produces something) a form of interest?

There is a concept called "Usufruct" (use fruit) where an item is lent, but it produces something during the period of the loan. I lease my two horses to Omar for a year while he uses my house. These ...
5 votes
1 answer
2k 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 votes
0 answers
97 views

Does one have a profit in an Islamic banking system?

Usually when you open an account in a bank they try to attract you with interest. My question is how so called Islamic banks can -likewise- offer their customers, especially as riba (and interest is ...
2 votes
1 answer
10k views

Is it permissible to work in a financial institution, if you work in a role that does not directly deal with riba?

I am a Muslim undergraduate student in the US who is contemplating career options and thinking about the finance track that a lot of undergrads gravitate towards (positions in investment banking or ...
2 votes
0 answers
173 views

Is a UK university student loan riba, and if so, is it "necessary" if I have no other means to pay for education or to provide for my family?

I’ve heard student loans deemed as Ribaa. However, for a UK university student loan, the conditions are documented: How much you repay You pay back 9% of your income over the minimum amount of: £17,...
1 vote
0 answers
112 views

Are jizya and zakat/sadqa the only sources for state finances in Islam?

As far as I know the Islamic state has mostly developed in the time of the caliphs and the later dynasties. But surely there must be some sources that might have guided and inspired what we now may ...
2 votes
1 answer
307 views

Ethereum Casper and Proof of Stake

Ethereum is a blockchain technology that allows code to run on it called smart contracts. Its base currency is $ETH. You can think of the ethereum blockchain as a super computer that you can run ...
2 votes
0 answers
71 views

Investing in halal company that is partnered with company planning to add leverage trading (involves interest) in the future

Salam all, I have invested in a cryptocurrency ICO (like an IPO for cryptocurrencies/crowdsale) after researching into it to find any sort of haram connections or actions taking place by the company. ...
3 votes
2 answers
4k views

If husband and wife are both working, does wife have to contribute money to running the household?

Is it always man's responsibility to run the house? Does wife has to contribute in case where she has a job? What is the situation where husband is jobless and wife is working? What is Islamic ruling ...
6 votes
1 answer
7k views

What is Mudarabah in Islamic Banking? How is this different from traditional banking?

I believe that the Islamic Banking system is pure from impurity of Riba (interest). But some of the Muslims do not see any difference between the Islamic Banking and traditional interest based ...
7 votes
3 answers
6k 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 (ISHARES ...