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Business

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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Interest (Riba ) Loan

  Detail: I am unable to decide on a disturbing issue.  as follows.  Please help me in taking that decision My father has taken a loan of Rs 6 lac from a bank on the condition that the loan with interest be repaid in monthly installments to be deducted from …

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Status of one’s earnings during Jumuah Salaah time.

Question I need some clarity on the Masa’lah of allowing one’s business to remain open at the time of Jumu’ah, either run by one’s wife or non-Muslim staff. The Shariah ruling – Halal status of one’s earnings during that period. Answer In the Name of Allah, the Most Gracious, the …

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Workplace Hours

  Nasihah (Advice): Verbal trusts   Rasulullah Sallallahu Alayhi Wa Sallam said: “If a man says something and then departs, it is a trust.” (meaning the information should not be divulged in a manner he would not consent to.) (Abu Dawood)   _________________________________   Question and Answer:   Mufti Saheb, …

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Zakaat on pension fund withdrawal

    Question   i intend leaving my employer at the end of the year for another employment, inshAllah.  How do I calculate my pension fund withdrawal. I have been working at my current employer for 4.5 years. Should i calculate 2.5% on my withdrawal amount or should i work …

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Responsibility of stolen money

Nasihah (Advice): Truthfulness   Rasoolullah Sallallahu Alaihi Wasallam said: “Abstain from that which causes you doubt for that which does not cause you doubt. For surely, truthfulness brings peace of mind and falsehood causes constant doubt.” (Tirmidhi)   __________________________________________   Question and Answer:   Q. I work as a manager in …

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Responsibility for a cancelled ticket

  Nasihah (Advice): Returning dues   Rasulullah Sallallahu Alayhi Wa Sallam said: “On the day of resurrection, rights (and dues) will most certainly have to be fulfilled to their rightful recipients. So much so that retribution will be taken from a horned goat in favour of a hornless goat (as …

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