Is conventional vehicle leasing via In-house finance in Toyota Halal?
Assalam O Alaikum Wa Rahmatullahi Wa Barakatuhu, I have a question regarding conventional vehicle leasing offered by Toyota dealerships in Canada through Toyota…
4 min read
Category
Islamic Finance
83 of the archive’s 436 rulings.
Working as a Middle Office Operations Analyst in Fund Services: Is It Permissible?
I am considering a role where I support hedge funds, private equity firms, and institutional investors through trade support, fund accounting (NAV), investor reporting…
2 min read
Working as an Enumerator for CMHC: Is the Income Halal?
As-salamu Alaykum wa Rahmatullahi wa Barakatuh, I am seeking your guidance regarding the permissibility (halal status) of a specific job I am applying for at the Canada…
3 min read
Can a Muslim Partner with an Atheist in Business?
: Can I partner up with an atheist in a business? He wants me to partner up with him or he might want to pay a certain percentage of the work that he does. I am…
2 min read
Paying Sadaqah via Interest-Free Installments After Donation: Is It Permissible?
Asslamu Alykum Is it permissible to pay sadaqah in installments? And if so, what is the maximum number of installments? Context: I payed sadaqah using a credit card, and…
3 min read
Trading Gold for Gold in Jewelry Upgrades: Is It Permissible?
Is it permissible to buy/trade gold for gold? And why? I went to a jeweller and traded some old gold pieces I had to upgrade them for new styles. He didn’t give me money…
3 min read
Is a Conventional Mortgage Permissible When Islamic Financing Exists in Canada?
Peace be upon you, and the mercy and blessings of Allah. I moved to Canada eight months ago. I sold my house in Syria to fund my travel, and currently, my income is very…
3 min read
Can You Take Bank Interest If You Are Already Paying Interest on a Loan?
Interest vs interest Are we allowed to take interest if we are paying for one. Example i have car loan and they are charging me 100$ interest for every month and i am…
3 min read
Is Profit From Selling a House Purchased With a Conventional Mortgage Haram?
as salamu alaykum Sheikh. I have a question regarding profit I made on my house. I bought my house on a traditional Mortage. I bought it at $485,000 and sold it at…
3 min read
What Debts Can Be Deducted When Calculating Zakat? Are Credit Cards, Student Loans, and Monthly Payments Deductible?
My third question is about the deductions around Zakat calculations. I read one of your previous posts but just want to confirm. It is immediate debts that can be…
3 min read
Who Is Required to Pay Zakat al Mal? Does Having Less Than the Nisab Mean Zakat Is Not Obligatory?
My first question is about who qualifies to pay zakat al mal. I am aware that there is the threshold of Nisab that correlates to the price of gold or silver. The current…
3 min read
How Is Zakat Calculated If You Have a Personal Loan Used for Business?
What’s the ruling on your zakat if you have a loan on your name. example your friend lent you 20,000 dollars and your using it for your business, if my understanding is…
3 min read
Is a “Halal Mortgage” Valid If the Contract Clearly Lists Interest and a Standard Amortization Schedule?
Assalamu Alaikum, I am seeking guidance on a residential financing agreement I am entering into. The provider marketed this as a “Halal” financing option (Tjara), but…
4 min read
Is Zakat Obligatory If Someone Has Debt Such as Student Loans or a Mortgage?
Salam! (Asking on behalf of my wife) she was discussing the zakat al Fitr with people & some people have different opinions. Some people are saying that you are not…
3 min read
Is Day Trading Through Online Prop Firms Permissible in Islam?
Salam alaikum sheikh. I wanted to ask for a ruling regarding day trading through online proprietary trading firms (“prop firms”). Based on your ruling that cash equity…
3 min read
Can I Count Money I Owe My Friend Toward My Zakat?
My friend paid $4,000 for something I wanted… when we came home I offered to pay him the money but he said it’s okay leave it for now and I’ll get the money from you…
2 min read
Should I Remove the 2.3 Percent Interest from My RRSP and Then Switch to a Halal Provider?
So, the RBC, the 2.3 interest reinvested, calculate exactly that amount and those 2.3 interest that they invested before, giving it for charity, and the rest is good…
3 min read
Is It Permissible to Sell Clothing with Images of Female Celebrities Who Promote Indecency?
I buy and sell various items. I found a Dolly Parton shirt with her picture showing her face, hair, and neck. Since she is a music celebrity and such figures often…
3 min read
Is Zakat Obligatory on Gold Received for Personal Use (Wedding Jewelry)?
I received 100 grams of gold from my in-laws’ house and my father’s house for my wedding, alhamdulillah. I received this gold for my own personal use. Is it obligatory…
3 min read
Rulings on Common Legal Practice Issues: Statutory Interest, Damages Beyond Actual Loss, and Contracts Containing Riba
Salam Sheikhna, I am a practicing lawyer and would like Islamic guidance on several issues that commonly arise in legal practice. Question 1: Pre Judgment and Post…
4 min read
Is It Permissible for a Student to Intern at a Bank in a Cybersecurity or IT Role Despite Riba?
Assalamu alaykum, Is it permissible for a student to work in a bank for an internship in a cybersecurity or IT role, knowing that banks deal with riba? Due to the poor…
3 min read
Is the Nisab for Zakah in Canada Based on Gold Only, and Why Is 21K Gold Used?
Salam Imam, is the nisab for zakah based on gold and not silver today, since cash is no longer backed by silver? And is the correct gold standard 21K gold rather than…
3 min read
What Is the Sharia Ruling on Investing in Real Estate Investment Trusts (REITs)?
Assalam alaykum Sheikh. Please we need a fatwa stand on the following business related question. Real estate investment trusts (REITs) are companies that own, operate…
3 min read
Is General Forex Trading Haram, and Does Trading Gold, Silver, or Platinum Change the Ruling?
Salam alaykum. Is general forex trading haram? What if it is used only for buying earth minerals like gold, silver, and platinum? Would it be permissible in this case?…
3 min read