Questions tagged [money]

Currency; which is accepted as an exchange for goods and services.

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3
votes
1answer
649 views

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 ...
18
votes
1answer
11k views

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 ...
8
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2answers
24k views

Are competitions haram?

I've heard that all contests and competitions that have prize money are haram. The Prophet (Sallallahu Alaihi wa Sallam) said: No contest is allowed except in swordplay or horse or camel racing.[0]...
10
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3answers
2k views

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 ...
5
votes
3answers
9k views

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 ...
1
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2answers
1k views

Is it permissible to use money found on the street?

Is it halal to use the money you found on the street when nobody is around anymore? What if I send it to the police and then someone makes a fake claim?
3
votes
1answer
3k views

Are tips allowed in Islam?

My brother owns a takeaway and my other brother works there sometimes. Sometimes I have to do deliveries and I get tips but my brother doesn't pay me nor do I get a salary. The only money I earn is ...
1
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3answers
1k views

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 ...
0
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1answer
609 views

Is black-hat hacking haram?

I made a virus that mines Ethereum silently in the background. You can already see that this is just for money. But I plan on paying the victim back through donations. My target is some gaming station ...
8
votes
1answer
2k views

What is the Shia justification for khums?

I would like to know about the justifications for khums as understood by Shi'a scholars. Their definition doesn't seem to appear in Quran, so I am wondering where it comes from. In particular, do we ...
5
votes
2answers
674 views

Is it haram to build a temple management software application?

I am looking for a job change, I had an interview and got the offer letter. The project for which they're hiring me is a temple management system, I'm feeling that it is haram to work on it, but I ...
4
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3answers
2k views

How to ratio passion for profession and passion for Islam?

Sometimes I get passionate about religion and sometimes about my profession. It's hard to maintain a balance, sometimes I am totally religious and I am left with little interest in my work and money. ...
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2answers
1k views

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 ...
1
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1answer
604 views

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 ...
10
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8answers
18k views

Did prophet Muhammad live a simple and humble life who had limited means?

We have been taught in schools that the Prophet lived a very simple and humble life. That is he hardly have enough food at home so that it would not last for the day. He would have patches in his ...
6
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1answer
1k views

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 ...
3
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4answers
6k views

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 ...
3
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2answers
1k views

Is it acceptable to accept donations from haram money cards?

We all know that credit cards and similar money cards are haram, so would it be haram to accept donations from such cards?
1
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0answers
489 views

Is giving prize money on an Islamic quiz considered gambling?

I'm a 13 year-old Muslim. I study and read the Quran with an Islamic scholar that lives near me with a few other people in my neighborhood. Recently, this scholar went to perform Hajj, and he said ...