3
votes
Is crypto future trading halal or haram?
I regularly use to do future trade in the past made huge and lost aswell i was misguided by the concept that the interest is the fee like any other service provider . but later on i came across a ...
3
votes
Are we allowed to save money in Islam?
I found the answer I was looking for. As written here https://islamqa.info/en/96115:
Islam does not forbid saving up wealth in all cases, rather what is
forbidden and what a stern warning is ...
- 363
2
votes
Is Usufruct (where a loaned item produces something) a form of interest?
Usufruct is allowed and is not interest. Its simplest examples are that it is permitted for a farmer to rent land for cultivation, it is permitted for a merchant to use a rental horse to travel for ...
- 23
2
votes
Is there a difference between taxes and customs in Islam?
On the history
To answer your last question there's no report saying that the Prophet () or the rashidun caliphs have imposed any custom on Muslims. Note that 'Omar has imposed some duty customs on ...
- 46.1k
2
votes
Accepted
Shariah Compliant Investment Holding Term/Duration
If it was permissible to buy the particular shares (depends on conditions like whether the business is halal and whether it has physical assets etc.) then it is permissible to sell them at any time.
...
UmH♦
- 31.4k
1
vote
What exactly is "shuf'ah"?
Simply speaking -I hope I could find the right words because it is a bit difficult to translate and explain- Shuf'ah الشُّفْعة is the right of a partner (in business or neighbor) to buy the share(s) ...
- 46.1k
1
vote
Is loopholes are halal in islam
163 And ask them about the town that was by the sea - when they transgressed in [the matter of] the sabbath - when their fish came to them openly on their sabbath day, and the day they had no sabbath ...
- 13k
1
vote
Taking financial loan from islamic organization
It sounds to me like you are describing a murabahah contract. These are generally considered acceptable in Islam so long as the following conditions are met:
The final price is agreed upon by both ...
- 13k
1
vote
Is it permissible to work as a sales rep in this case?
Islamic opinion on the drawing of living things or drawings of things that can represent living things varies among different scholars.
Common Opinions
All drawings of living things are haram.
...
- 462
1
vote
Do the principles of Islamic finance apply to central banking?
In simplest terms, Islamic principles need to apply to all aspects of life and government. Which means the principles of Islamic finance need to apply to all financial transactions, regardless of ...
- 13k
1
vote
Accepted
Is Etoro Halal?
The website clearly mentions the following solutions for Islamic finance.
No interest on contracts lasting longer than 24 hours – zero rollover interest consistently.
eToro doesn’t take any ...
- 146
1
vote
Is binary option trading halal?
I’ve done extensive research into regular option and binary options trading being haram or halal.
The short answer after my research is: Binary Options Trading is HARAM.
Why? In Binary Options ...
- 28
1
vote
Is Usufruct (where a loaned item produces something) a form of interest?
These are two separate agreements that do not link to each other.
If the horses produce a foal, then the foal's owner is decided based on the contract. If the purpose of the horses was travelling ...
- 10.1k
1
vote
If interest is haram, how can a Muslim get a house or a car in modern times?
There are special programs for this. Basically, you purchase the house or car and pay no interest, but in addition to your principle payments you also pay "rent" to the bank (or trust) which is ...
- 166
1
vote
What happens in a Murabaha mortgage when the seller defaults?
maybe i can help a little, i work at one of islamic/syariah bank in indonesia. according to my associate, apart from reconstruction or rescheduling, in case of default,
rather than
grab the house ...
- 26
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