Is foreign currency trading and trading shares on platforms permissible.
This type of trading is not permissible. Shares are haraam.
Category
Finance - Banking - Business
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Is it permissible to demand payment (wages) for a service beforehand?
If the employer agrees, then it is permissible. Obviously you will not be paid in advance without the employer's agreement.
Is it permissible to take out life insurance just in order to cover the exorbitant death duty, with the remainder and excess to be given away in chari
In our opinion life insurance is not permissible even if the intention is to save on the haraam exorbitant death duty. However, on this issue we are not dogmatic. You may refer to…
I have some interest money which I had withdrawn from my banking account.
Once you have separated money with the intention of it being interest, then it will not be permissible to use it for your own benefit in any way whatsoever. Hence, you may not make…
A person deposits money in his banking account.
There is no conundrum here. Regardless of what the bank does and how it records the money, the depositor is the owner and it is his asset.
Is it permissible to hire premises to a non-Muslim who will operate a bottle store?
It is haraam to hire premises for a bottle store or for any other haraam activity. Such income will not be permissible. The errors of our seniors do not constitute daleel (proof)…
Who is acceptable to have as a tenant?
A Muslim should always be conscious of halal income and distance himself as much as possible from alcohol, interest and other non- Shari'ah compliant s o u r c e s o f i n come.…
In the case that I am selling products for a supplier as his representative, do I have to hand the full price received to him and wait for my wage/ co
This deal is not permissible. Whatever amount over and above the stipulated price is received also belongs to the supplier.
A Muslim brother entered a clothing store with a packet of goods (clothing) in his hand worth R510 which he bought from another store.
The worker is the wakeel of the store. He instructed the customer to place his parcel in an unprotected spot, hence the store is liable to pay the customer for the loss. If the…
Is it permissible to buy a property off plan?
Buying a property off plan is baatil. It is not permissible. It is a sale of a non-existent item (Bay'ul Ma'doom).
Is trading in foreign currency permissible?
Trading in foreign currency is permissible only if both parties finalize the deal in the same session. Both parties must mutually hand over their currencies.
Is it permissible to buy a property off plan?
Buying a property off plan is baatil. It is not permissible. It is a sale of a non-existent item (Bay'ul Ma'doom).
Is it permissible to sell board games such as ludu?
It is not permissible to sell anything which is haraam. Selling ludu and similar board games is not permissible.
I have invested a large amount of money in a business.
You have to pay Zakaat on the invested amount if the money was used for purchasing stock for reselling, as well as on the profit which is still in the business. The capital…
In some types of business, a restraining clause is added to the sale contract if the business is sold.
The 'restraint clause' is baatil. It has no validity in Islam. It is not permissible. According to the Shariah you are free to operate a similar new business. The purchaser of your…
Many Ulama who receive salaries are not punctual.
Such molvis are guilty of khiyaanat (Abuse of Trust), and such abuse is a Sign of Qiyaamah. The conduct of these molvis is most despicable. They are thieves. They are worse than a…
Is it permissible to work as a surgical pathologist?
Islam prohibits deriving any use from human organs, human parts or tissue in the same way as it prohibits use from any pig parts regardless of the benefits. The benefits are not…
Is the 'diminishing mushaarakah' system of buying-leasing a property compliant with the Shariah?
This agreement is in conflict with the Shariah. In the past we had written a detailed refutation of this type of salelease deal. It is a haraam deal fabricated by Mufti Taqi.
Is it permissible to work in an Islamic bank?
It is not permissible to work in these so-called Islamic banks. These banks are the same as other conventional kuffaar banks. They utilize Islamic terminology to deceive people.…
In Saudi Arabia, for obtaining work permits, a fee is paid to a local Saudi Arab for the use of his name.
It is not permissible to pay for the use of the name of a person. It is in the category of riba.