2 votes

Is investment in the cryptocurrency OneCoin OneLife halal?

For an in-depth Research Paper covering the Onecoin ponzi scam and massive criminal fraud, written by Muslim scholars, please see: https://nawadir.org/2016/12/01/is-onecoin-permissible/. From this ...
TimTayshun's user avatar
2 votes
Accepted

Is there zakah on gold exchange-traded funds?

When you buy Gold ETFs, you essentially own some gold (the gold belongs to you), but do not have physical possession of it (its locked up in some vault somewhere), but you do have control over it (you ...
UmH's user avatar
  • 28.5k
2 votes

Investment without accepting loss on the invested amount. Permissible or not?

All perfect praise be to Allah In short no, this is haraam. Why? because: having a fixed percentage from the capital with a guarantee of the capital is forbidden, since it is like a loan that gives ...
Zia Ul Rehman Mughal's user avatar
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's user avatar
  • 28.5k
1 vote

Is working as a software developer in a Stock company permissible?

Wa Alaikkum wa salaam I used to work in a software company around 20 years back and they were developing accounting software. But later on they turned to banking software development and I had to work ...
Shafeek's user avatar
  • 1,063
1 vote

Indexed Linked Investment Certificates - haram or not?

After extensive research I have come to the conclusion that despite the potential halal investment there is still interest (Riba) involved. Therefore going into an investment with the intention of ...
dqnet's user avatar
  • 206
1 vote

I am looking for a company that I can invest in-ex;Buy shares - That is nearly 100% halal

This is typically a very hard question to answer, because it is not dealt with in the Islamic tradition so anything you can read would be some mufti saying something that may or may not contradict ...
ZakC's user avatar
  • 1,132
1 vote

Is it permissible to work in a financial institution, if you work in a role that does not directly deal with riba?

The nature of riba in Islam How do you think about this issue? I need some perspective on this, but perhaps I am being too idealistic in the world we live in? NO, you are definitively not too ...
Armando's user avatar
  • 107
1 vote

How is investing different from gambling?

your question is incorrect; A) gambling (in it's broadest sense) is based 100% on chance, no skill required: A mentally retarded person can gamble; all they have to do is pick what to bet on. If you ...
pythonian29033's user avatar
1 vote

What is the Islamic definition of 'trading' - Sunni view?

I think by the links you have provided it is clear that if you have something and your intention is not to sell it but to use it yourself, than its not for trade purpose, same as if i buy a house, and ...
Zia Ul Rehman Mughal's user avatar
1 vote

Zakat Calculation: Investments

A question of this nature requires a fatwa specific to your situation and your retirement plan. Generally speaking, zakāh is ordained on money that has been in one's possession for one Hijri year. ...
III-AK-III's user avatar
  • 14.7k

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