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Business

Paying creditors with a share of one’s expected inheritance

Nasihah (Advice): Relieving the burdens of a believer   Rasulullah Sallallahu Alayhi wa Sallam said: “Whoever relieves a Muslim of a burden from the burdens of the world, Allah will relieve him of a burden from the burdens on the Day of Judgement; And whoever helps ease a Muslim’s difficulty in …

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Seller’s commission when using Ebay and Paypal

  Nasihah (Advice):The dearest and most hateful lands to Allah   Rasulullah Sallallahu Alayhi Wa Sallam said: “The dearest land to Allah are its Masaajid, and the most hateful to Allah are its market places.” (Muslim)   __________________________________________   Question and Answer:   Q. Ebay charges me a commission for …

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Intentionally acquiring interest to help the poor

  Nasihah (Advice): The result in having greed for interest   Rasulullah Sallallahu Alayhi Wa Sallam said: “There is no one who deals in usury a great deal (to increase his wealth) but he will end up with little (i.e., his wealth will be decreased).” (Ibn-e-Maajah)   __________________________________________   Question and …

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Offering discounts for advance payment

Nasihah (Advice): A fixed price for advance payments   Rasulullah Sallallahu Alayhi wa Sallam said: “He who makes an advance payment should not make an advance payment except for a specified measure and weight (and for a specified period)” (Muslim)   __________________________________________   Question and Answer:   I want to enroll …

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Interest based savings account

Question I have got some interest money from my saving bank accounts as well as from my father’s account.But Due to not practicing islam my father do not know how to use this interest money as well as i can not make him understand at this stage.What should i do? …

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Ownership without transferral

  Nasihah (Advice): Usurping land   Rasulullah Sallallahu Alayhi Wa Sallam said: “Whoever usurps someone’s land unjustly, his neck will be encircled with it down the seven earths (the earth will swallow him).”(Bukhari)   __________________________________   Question and Answer:   My brother gifted his flat to me in his lifetime. …

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Forex Trading

   1)I want to know about FOREX trading.  In FOREX trading, currencies are traded over the counter with exchange rates varying in response to market forces. Currencies are always traded in pairs, one against the other. For example, the highest volume pair in the Euro/U.S. Dollar, which has the ISO (International Organization of Standardization) code EUR/USD. …

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Interest Money

Question: Please let me know if we can give our Interest Amount for Treatments of Muslim Patient (Hospital Bill). Please let me know if we have Fatwa on this. and were can i spent Interst Amount i get it from Banks ETC.. It is very urgent for me.  ( Question …

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Unable to locate creditor for paying a debt

  Nasihah (Advice): Repayment of debts   Rasulullah Sallallahu Alayhi Wa Sallam said: “Whoever borrows money of the people with the intention of repaying it, Allah will facilitate its repayment on his behalf, and whoever borrows it without the intention of repaying it, then Allah will destroy him.”(Bukhari)   _______________________________ …

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Provident fund?

Question If a job holder specifically knows that the profit of his compulsory provident fund is achieved from interest based bank, then can he take that money ? Answer In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. Provident funds or pension funds are …

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