Questions tagged [money]
Currency; which is accepted as an exchange for goods and services.
161
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What is the ruling on giving orphans inheritance after our death?
I am aware that Islam encourages looking after the orphans. It also prohibits giving your own lineage in place of their original lineage (through a change in surname).
But what is the ruling related ...
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2
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Resolving an issue regarding shares in a partnership business
I am seeking for a Mashoora on a issue raised due to allocating shares in a partnership business among 4 best friends.
The industry was clothing and capital is 400k.
I shall name the business ...
3
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3
answers
10k
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Is it ok to buy a vehicle via an equated monthly installment (EMI)?
Is it ok to buy something via an equated monthly installment (EMI)? For example, I am planning to buy a vehicle which is of cost around 50,000(INR).
If I can't afford 50,000 outright, I have other ...
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1
answer
544
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Raising money for a charity drive
Salamu alaykum!
There is a charity drive being organized by fans of an (non-Muslim) artist to mark his birthday. The money will go to a fund to which he previously expressed his support, that is run ...
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2
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Is receiving commission on purchase haram? [duplicate]
I am working as a purchaser in a company. When I make purchases, I always bargain with suppliers to get lowest rate and give orders to suppliers who offer low rate. After the purchase, when company ...
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5
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Is income earned from a country one is not allowed to work in haram?
My father works and earns money in a country where he is not allowed to work because he is not a national of that country. Is his income halal or haram?
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3
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Can an employee receive commission for buying products from a company? [duplicate]
My husband works in a company where he has to purchase products for the company. Vendor gives commission on every product they purchase. Like if the product is 850$ then they will make a receipt of ...
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2
answers
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Is it permissible to add profit without manager's knowledge?
Detail: For example, a salesman makes a sales invoice of SAR-2,600/- and gets the cash from the customer & then he destroys the invoice and evidence then makes a new Invoice of SAR-2,400 and keeps ...
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1
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What should I do about a riba-based loan I took out in ignorance?
I just finished my second year of University and I took out a loan with student finance. I didn't know about the subject of the interest (Riba). What do you suggest could be the best thing I can do?
...
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1
answer
696
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Can I eat something from Non Muslim when it could be a chance that it is from Interest Income
I am working in private company where everyday I get an offer to eat something which they brought from their home-town or somewhere else.
Actually when interest credited in my account, I take it and ...
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0
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Is this a sahih hadith: "They are those who accumulated wealth without differentiating between lawful and unlawful..."?
Prophet narrated:
On the Night of Mi'raj, I saw people lying on their backs with drum-like, transparent bellies where there are all kinds of creatures. I asked my brother Jibrail, "What are they?" ...
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Is lease allowed in Islam?
Would you please clarify if purchasing goods on rentals are allowed in Islam?
According to what we studied, a fixed percentage of interest is added to the principal amount (current price) of that ...
5
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1
answer
283
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Is it halal to select an exchange rate to benefit my salary?
I am working in a company where I need to submit the daily expense bills in the system for my salary.
My company has fixed my salary (e.g. 10000 Yen/month) and they says that my bills should not ...
2
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2
answers
674
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Would accepting a Christmas bonus make me hypocritical?
I am someone who only celebrates 2 eids (celebrations), and don't recognize Xmas or even say happy holidays etc.
Now, would it be hypocritical of me to accept Xmas bonus? Also, if it is, could I ...
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What if I offer prayer while having pictures in my pocket?
I know that offering prayer in front of pictures or portraits is forbidden. If there is one or many pictures in the room we should not pray there.
What if I have a picture in my pocket while I am ...
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3
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Is profit from act for the sake of Allah or our deen halal?
I heard that if someone doing something for the sake of Allah ONLY, one should not earn any worldly profit from it, while the otherwise statement as well. However, neither of them that I saw any ...
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How do you increase your rizq?
If you pray your salahs regularly and ask for an increase in wealth, but your wealth decreases, is that a test?
How do you increase your rizq(sustenance) and wealth?
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1
answer
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The priorities of giving donation
I wonder what is the best manner to donate money, especially in these holy days, should donations be given as important amount, or it could be divided to reach the maximum of persons, as a result the ...
1
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1
answer
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If the current market has extortionate prices, what is the correct response?
If there is a product you need but cannot afford, OR could afford at an extortionate price that would leave you in indebted, what is the appropriate way to respond? By extortionate let's say it costs ...
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3
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If someone is poor, can he/she use pirated software?
I'm poor and I don't have a way to actually use credit cards to buy software. However I really need those software for my education. Also there are books which are too expensive so I download them ...
1
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1
answer
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Will a joke bet be honored during Aakhirah (afterlife) if a person dies?
I have heard in one jamaat that a person who takes debt from another person has to give good deeds during Aakhirah if he dies without returning his amount.
Now my question is: While playing or doing ...
3
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1
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If a supplier offers commission to a purchaser, is it halal?
I am working in company as an admin officer in UAE. Our company has 15 vehicles. I have to make insurance for all vehicles which is mandatory in U.A.E. The two insurance companies offered me same ...
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1
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Is mining bitcoins riba? Is it haram for some other reason?
Bitcoins can be acquired by 'mining' them, where a computer generates codes and if they're valid you going that bitcoin. Is this equivalent to Rica/interest?
Is it haram from some other means?
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How much Sales Profit is acceptable in Islam?
I've heard that selling something for more than its worth is a sin according to the Quran.
I would like to know, by how much can you mark up your items? Is there a limit to the amount of profit you ...
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3
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Are arcades considered haram?
Asalam wa alakum, well my close friend is celebrating her birthday party, and we are going to the arcades(you know where you pay to play games, then you win a prize and there is also bowling there) so ...
4
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3
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Accepting money from non-muslims for charity
I have a doubt with getting money from non-muslims.
Me and my friends just started a group ( a charity group to help and feed poor people in our area).
Some of my non-muslim friends also have much ...
0
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1
answer
108
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Can one give riba to their poor sibling?
If we have siblings who are NOT SO financially fit and need extra help in terms of money then in that case can one sibling being financially sound give his/her riba to the other sibling?
5
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2
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1k
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What to do with money earned as a musician performing gigs at venues which serve alcohol?
I'm a socially conscious musician. I rhyme about things that occur in society in order to bring awareness. I don't swear in my music nor do I encourage anything that is un-islamic, in my lyrics. A lot ...
3
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4
answers
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Is it halal to give commission or gifts to clients to get contracts?
I have a client who has asked for commission from our company in order to give us the yearly contract for their hospital systems maintenance.
If I don't give it to him, then he will definitely ...
4
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2
answers
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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 ...
2
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0
answers
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I exchanged some money for another country's money, Can I use that money? [duplicate]
Recently, I got a 10 AUD banknote from someone and as a courtesy, bought him coffee(costing me more than 10 AUD)
In another instance, i got 50 Mexican Pessos from someone and again as a courtesy, I ...
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1
answer
703
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Is it permissible to earn money by selling foreign currency or gold?
Nowadays, many people try to find shortcuts to earn money.
One such "shortcut" is to carry foreign currency from one country to another and profit by selling the foreign currency. Some people around ...
5
votes
1
answer
1k
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Is my salary halal given that it's paid from an account which mixes money earned from a bar?
I'm working in a golf club as a security supervisor. There is a bar in the golf club, but I'm not at all involved.
However, the golf club makes money from landscape, the bar and from golfing. At the ...
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2
answers
104
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Is it acceptable to give money I get from attending college to charity?
I receive money from college every week. I want to give this money to my chosen charity. Will this be acceptable? Because I have not earned it; I only get this money if I attend college. So is this a ...
5
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2
answers
835
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Fixed return of invested money in manufacturing plant
Assalam,
I had invested money in oil manufacturing plant where the owner gives me fixed return on invested money. The agreement is working since three years. Is it halal to accept that income ...
3
votes
1
answer
556
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Zakat on annual savings
I started paying zakat last year, 2012. In it I paid $2,500 zakat on a $10,000 saving. This year, 2013, my savings have increased to $12,000.
Should I now pay zakat on $12,000 or only the net ...
3
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1
answer
718
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What is money in Islam?
What is considered currency in Islam? Can gold coins, foodstuffs be used as currency? And are these modern bank issued paper notes shariah compliant currency?
2
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4
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Is islam compatible with Capitalism?
Capitalism is an economic system in which capital assets are privately
owned and goods and services are produced for profit in a market
economy.
Source: http://en.wikipedia.org/wiki/Capitalism
...
3
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2
answers
265
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Is it permissible to make a charitable donation in advance knowing that interest amount will be credited in my bank at the end of year?
Is it ok to make charity today (ie. in advance) knowing that exact interest amount that shall be credited in my bank account at the end of year?
5
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1
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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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2
answers
1k
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What is the islamic definition of "Excessive"?
What exactly does "excessive" mean in Islam?
For example, lets imagine we have 2 people, person 1 and person 2:
Scenario 1:
Person 1 makes $1000 a month, but in one of those months he spends $600 ...
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3
answers
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Intention to get rid of Riba money?
I have some Riba money in my account. With what intention do I get rid of this money from the list below?
Lillah
Sadaqah
Zakat
Sadaqah Wajibah
Fidya (Kaffarah)
I have been presented with these ...
2
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1
answer
273
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Are monetary benefits to encourage conversion to Islam wrong?
Is it wrong to encourage conversions to Islam by giving monetary or materialistic benefits as a symbol of support, help and brotherhood?
Also, There is a verse in the Quran that defines people who ...
2
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0
answers
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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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1
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Are monthly payments an Islamically acceptable way to receive money for your goods?
I'm sure not many people will agree to such a purchase, but if I went out and bought a phone for $500, with the intention of making a profit, and advertised it as:
Pay monthly installments for this ...
5
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4
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14k
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Is it ok to pay interest debt with interest money?
Assalaamu aleikum, this query has been on my mind for quite a while now.
I was wondering if it is ok to pay interest debts with interest money.
For instance, I have a few friends who's bank accounts ...
2
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1
answer
2k
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Halal or Haram income sources
Assalamu Alaikum!
I am working in a company other than Purchasing Dept. In short if instead of giving my due increment, my immediate management gives me chance to deal with the suppliers to buy ...
18
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1
answer
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Is Bitcoin a halal investment instrument?
Is the Bitcoin internet currency halal, considering the fact that it has no intrinsic value and is almost randomly mined? There is chance (?) and hence could be interpreted as gambling. Excessive ...
3
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1
answer
2k
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What to do if I can't find the person whom I'm indebted some money to?
I am indebted some money to a person whom I can't find. This debt is a headache to me.
I've looked for this person for some years now, but still no trace!!!
What should I do in this situation? I'm ...
6
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1
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Asking for more than the agreed upon labor cost?
Today I rode a rickshaw. After reaching my destination, I asked the driver how much the fair was. He asked for an impossible fare and wanted extra money for "the waiting"(which was still too ...