Questions tagged [money]

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

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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 ...
2
votes
1answer
1k views

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
votes
1answer
132 views

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 high). I ...
1
vote
1answer
219 views

Is forcing you to buy something to use a mosque permitted?

Does islam allow the sale of things by force? For example: buyer: I would like to use this mosque for prayer purposes seller: No problem, please go to the stall and purchase something for $200, and ...
4
votes
1answer
2k views

Is participating in the game show “Deal or No Deal” haram?

There is a game show called Deal or No Deal, where people are presented with a number of boxes containing unknown amounts of token money, and the contestant has to try and eliminate boxes which have ...
4
votes
1answer
81 views

How does zakaat work with pension schemes?

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 ...
8
votes
2answers
22k 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
votes
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 ...
4
votes
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. ...
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 ...
4
votes
2answers
9k views

What should be the intention and practices for Sadaqah?

I have 2 questions about the intention one should make when giving sadaqah, and hope someone here knows the answer. Is there a recommended intention one should make when giving sadaqah? Is it ...
2
votes
1answer
128 views

Are those falsely on benefit considered 'beggers'?

Quoting from another question Islam mandates zakaat to help poor. Zakaat eliminates beggary to an extent but what about habitual beggars who can otherwise earn a living? How should the lazy and ...
3
votes
2answers
982 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?
4
votes
2answers
180 views

What are the duties of wealthy aside from zakat?

I read a hadith which says that there are other duties on a wealthy person other than zakat, well I am wondering what those duties might be. The Hadith: Fatimah bint Qais narrated that : she asked ...