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Collecting Interest

Can a muslim get interest from a bank in a gayrimuslim country? ...

Paper money

Is paper money haram and riba? ...

Student Loans/Gold Standard/Inflation

At the time of the Messenger (peace be upon him) the medium of exchange was gold and silver thus there was no inflation....

Mobile Phone Cashback (..again!)

Investments

The National Deposit www.ndfs.co.uk has a scheme whereby you can invest into one of three types of products. Bonds, Property and Equity. The first...

Limited Companies

Many Clients starting in Business ask whether they should trade as sole trader/partnership or a limited company. The limited company has clear tax advantages...

Selling to non muslims

What is the Islamic ruling on selling products such as tobacco, alcohol and pornographic magazines, to non-muslim customers.Will a person be sinful for selling such...

Is medical insurance such as BUPA permissible?

Is it permissible to purchase medical insurance in the case where using the NHS would result in a long wait for any particular treatment and/or...

Can you please recommend a financial institutions offering halal mortages in the UK

Can you please recommend a financial institutions offering halal mortages in the UK...

Unable to repay Loans & Credit Cards

I have borrowed a loan and used few credit cards and now I am unable to pay them. I intended to pay the debt...

Are annuities permissible in Islam?

I'm not certain what 401(k) law stipulates, but I'd be surprised if it doesn't compel individuals to buy an annuity with their pension fund on...

Are "notional" pension funds permissible in Islam?

This is my third and final question on pensions inshaAllahI work for the government in the UK and so our pension scheme is, in fact,...

Private Healthcare / State Pension

1) Is it permissable for a Muslim to make use of private healthcare because his/her employer pays for this on their behalf without any deductions...

Permisibility of mobile phone cash-back contracts

I would like to ask you about the permisibility of mobile phone chash-back contracts. I am not sure if you are aware abouth such schemes,...

Are mobile phone cashback schemes permissible?

There has been recent conjecture with regards to the permissibility of the cashback scheme provided by many mobile phone companies. Can you clarify whether this...

Is Car Leasing permissible

I'd be grateful if you could tell me if the following car leasing plan is permissible according to Shari'ah? It is a complex deal so...

Is a savings' committee allowed in Islam?

Some people do committee (they put their money every week and it goes to one of the members every month, in this way all the...

Riba on house loans - halal?

I have recently spoken with a brother who told me that he bought a house with the help of some interest loan. He told me...

Is making profit halal?

If I bought a book for 20 dollars, then I sold it for 25 dollars, is this permissible?...

Endowment Plan

My mother took out an endowment policy 14 years ago and made monthly contributions. Unfortunately she is uneducated in Islam and at that time she...

Interest

I try and give dawah as much as I can, however when it comes to the prohibition of interest, I am a little weak in...

National Savings - Premium Bonds

Are Premium Bonds permissible under Shariah Law? I understand that the system to work as follows: 1. The person buys a a minimum of 1...

Shares in a company

I would like to know if it is haraam to buy shares in a company?...

Bank Accounts in Interest Based Banks

Is it wrong to have accounts with banks that deal with interest but you do not recieve interest as you have told them to take...

Is it permissable for Islamic Banks to make 'profit' as opposed to 'interest'?

Is there any such thing as an islamic bank? they say it is profit not interest is this legit?...

Taking out a loan on behalf of someone

Is it permissable for me to take out a halal loan for another person who has a bad credit rating or whom has reached his...

Investing Child Trust Fund (CTF) voucher in a non-Islamic account

My son's Child Trust Fund (CTF) voucher has been automatically invested in a non-Islamic account. I have been looking into making use of this voucher...

Company pension scheme and interest

I recently discovered that my company pension scheme is invested into various equitable markets that earn interest on the amount invested. Can this be defined...

Zakat on business

My friend has a Restaurant in partnership, and he has invested £10.000. However, he does not receive some profits at all times. Does he need...

Student Loan Scheme

Would the following scheme be permissible: A student takes out a loan on which there is interest (at the rate of inflation). However the student...