The rulings of day trading, short selling, options and gold trading.
Praise be to Allah. 1. Day Trading (Cash Equities) Reality in Western markets: In the U.S., most shares are held in street name (Cede & Co./DTCC). The investor is the…
1 min read
Category
Islamic Finance
83 of the archive’s 436 rulings.
Can crowdfunding for a halal startup or business idea be considered acceptable under Islamic investment rules?
: Can crowdfunding for a halal startup or business idea be considered acceptable under Islamic investment rules?
2 min read
Musharakah: Islamic Partnership Contracts and Their Modern Applications
The Prophet ﷺ said regarding partnerships: “The hand of Allah is with the two partners as long as they do not betray each other.” (Narrated by Abu Dawud, 3383; classed…
3 min read
Is using buy-now-pay-later (BNPL) services Islamically permissible if paid off within the grace period?
: Is using buy-now-pay-later (BNPL) services Islamically permissible if paid off within the grace period?
2 min read
Is reverse mortgage (home equity release) permitted for Muslim homeowners to fund retirement needs?
: Is reverse mortgage (home equity release) permitted for Muslim homeowners to fund retirement needs?
1 min read
Is leasing a car halal?
: Is it halal to lease a car if the owner is not financing it? Since I’m not owning the vehicle and I don’t plan to buy it at the end, can I consider it as renting a…
1 min read
Can Muslims invest in ESG funds if they include companies with minor interest-based income?
: Can Muslims invest in ESG funds if they include companies with minor interest-based income?
1 min read
How should Muslims calculate zakah on digital assets like NFTs, stablecoins, and token holdings?
1. Understanding Digital Assets in Islamic Terms Before calculating Zakah, it’s essential to classify digital assets according to traditional Islamic jurisprudential…
2 min read
Repaying a Loan After Currency Collapse
: If someone lends money in Lebanese lira, and at the time of the loan it was worth a certain amount in US dollars, but the currency later collapses — can the lender…
3 min read
Are cashback and rewards from credit cards considered ribā (interest)?
: Are cashback and rewards from credit cards considered ribā (interest)?
1 min read
Can a Muslim invest in conventional stock markets or ETFs?
: Can a Muslim invest in conventional stock markets or ETFs?
1 min read
What is the ruling on cryptocurrencies in Islamic finance?
: What is the ruling on cryptocurrencies in Islamic finance?
2 min read
Is in-house financing for vehicles always halal?
Does in-house financing for vehicles always comply with Shariah? Or are there any specific requirements we should follow?
2 min read
Can I contribute to the Employee Investment Program that the company I work for offers?
Salamu Alaikum. My company offers a program where I can invest money into the company and receive a guaranteed return of at least 10%, with the possibility of earning…
2 min read
Can you explain halal financing through a Murabaha agreement?
: Can you explain what Halal financing through a Murabaha agreement is, and how it differs from conventional financing?
1 min read
Is it allowed to work for MasterCard or Visa?
: Is it allowed to work for MasterCard or Visa?
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Do I have to pay zakat on my watch collection?
: Do I have to pay zakat on my watch collection?
1 min read
Do Women Pay Zakat on Their Personal Gold Jewelry?
How to Understand the Hadiths and the Different Opinions 1. The Hadith About the Gold Bangles This is one of the key hadiths used as evidence by the Hanafi school: A…
2 min read
Can I use a credit card?
: How to live in western society without a credit card? Ex- rent, travel, credit score, etc. And how to discuss with family that wants you to get a credit card.
1 min read
What Is the Ruling on Pitching Phone Warranties and Late Payment Fees When Working at a Telecom Company?
: What Is the Ruling on Pitching Phone Warranties and Late Payment Fees When Working at a Telecom Company? Question If someone works at a phone company (such as Telus)…
3 min read
Are pawn shops allowed in Islam?
There are two situations to consider when it comes to pawn shops in Islam: 1. Selling Your Item with No Strings Attached: If you sell your item to the pawn shop for a…
1 min read
Why is in-house car financing halal if it involves interest, and how is it different from a mortgage?
: When in-house financing a car through Toyota, you can go through their own Toyota Financial Services . They still charge interest on the loan provided, why is this…
1 min read
Halal mortgage versus conventional mortgage
There is a difference between a halal Murabaha mortgage and a conventional mortgage, both in structure and underlying principles. 1. Fundamental Basis Conventional…
1 min read
Buying a Car through Islamic Financing: What’s Allowed and What’s Not
: When financing a car through Toyota, you can go through their own Toyota Financial Services . They still charge interest on the loan provided, why is this halal and…
1 min read