Questions tagged [money]

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

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1answer
35 views

FreeLance: Getting full money but not yet completed whole work as we agreed [closed]

I have gotten $150 from my clint side as i have Completed half of my assigned work but not still complete it because Clint does not onlined after last discussion. Should I use now the whole money or ...
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0answers
231 views

Giving money to family on Eid

Is it permissible to give money to family members to celebrate the day of eid or is it considered bidah? We used to give gifts, but we want to avoid the usual, 'my present is better than yours'.
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2answers
757 views

Is the debt forgiven if the lender forgot?

I recently came to know the seriousness of having debts before dying. What if the situation arises where I borrow a very small amount of money, say the amount equal to the cost of a candy and after ...
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1answer
249 views

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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2answers
85 views

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 ...
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3answers
7k views

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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1answer
296 views

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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2answers
888 views

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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5answers
1k views

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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3answers
7k views

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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2answers
122 views

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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1answer
252 views

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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1answer
629 views

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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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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1answer
769 views

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 ...
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1answer
219 views

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 ...
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2answers
376 views

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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2answers
1k views

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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3answers
183 views

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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2answers
1k views

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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1answer
123 views

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 ...
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1answer
50 views

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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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 ...
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1answer
131 views

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 ...
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1answer
591 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 ...
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1answer
4k views

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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2answers
47k views

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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2answers
1k views

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 ...
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3answers
3k views

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 ...
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1answer
80 views

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?
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2answers
919 views

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 ...
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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 ...
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2answers
6k 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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0answers
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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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1answer
566 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 ...
5
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1answer
954 views

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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2answers
98 views

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 ...
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2answers
799 views

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 ...
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1answer
254 views

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 ...
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1answer
679 views

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?
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1answer
158 views

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 ...
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2answers
185 views

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?
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1answer
1k 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 ...
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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 ...
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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 ...
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1answer
192 views

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 ...
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0answers
7k 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
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 ...
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3answers
8k 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 ...
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1answer
2k views

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 ...