With the current happenings in the gold market, appreciate if you could share your views and advice on possibility of investing in gold EFT's as part of the portfolio.
A known gambler asks for some money claiming that he has to pay a council tax bill otherwise it will be doubled with a fine. Although he is a know gambler he has never asked me as I am his friends daughter.He said he was desperate. My brother told me not to lend him money as he was lying and I will never see it again. I decided to give him the benefit of the doubt about the whole council tax bill story even though there was a doubt in my mind as to whether he had actually gambled his wage away and was not taking my money to hand over to his wife as his ''wage''. Anyway, I gave him the money and he promised to pay it back within two weeks...did I do the right thing in giving him the benefit of the doubt and believing him or have I just encouraged a gambler in his addiction and will Allah not be pleased with what I intended was to get him out a situation from getting worse with the council tax? What happens if he comes back for more money as he is a well known gambler in the community?
Is it permitted in Islam to lend money to Non-Muslims who are in need of money? They might use it for things that are not permitted in Islam. Is this ok?
I want to borrow money from a person working in my office for a period of six months. I will return the money with increased amount. Is it Jayez (permissible)?
My father is a business man. Few years back, a person cheated him and he incurred heavy loss. After that, there was no business and in order to run the existing business and get new business and to cover our educational/family expenses, he took loans from relatives, banks and various financial institutions with an intention to pay it back soon. But, he faced more losses again and he sold our house to pay off part of the debts. He still has loans/debts which he is trying very hard to pay off. He has paid so much of interest till today, for the loans he has taken. He regrets for it and prays to Allah to forgive him and works very hard to pay off his debts soon. He has gone old and gets tired soon. He is running the business just to pay off his debts. He does not have money or property which he can use to pay off his debts and close his business. If he closes his business and does not pay the loans/debts which he took and informs everyone that he lost everything in business and has nothing to pay back, will he be questioned by the Almighty Allah for not paying it off? As a son, am I obliged to pay off his loans/debts?
I stay in a western country and soon I will get admitted to a university this year. The state government has stopped giving out grants for students but they do give loan, which is interest free but is has to be paid back at the rate of inflation. In real terms the repayment I make is not worth more than I borrowed as you can only buy the same amount of goods with it. Although in physical terms I would be paying back more. For example in 2010 I borrowed 100 pounds which could buy me say a week’s food. Rate of inflation is 2%. In 2011 although I repay 102 pounds (due to inflation) but I can still only buy the same amount of food with it. I would like to know if this is Halal for me or is it same as paying interest (Riba)?
I wanted to know can I take money from a friend, knowing that it is not. Can I eat food from a friend that purchases his goods with Haram money? If a friend gives me an asset which is brought with Haram money, can I accept it?
I am govt. employee I have purchased House on loan. I am having about Rs. 10 lakhs loan. I am also having about 4 lakhs rupees worth gold. As my loan is far too more than my wealth, in this situation, do I have to pay Zakat or not, kindly clarify.
Why short Selling is not allowed?
If Mr X is asking for a loan of Rs 30000 from me & I am putting the condition that I am giving you this money which is equivalent to 10 Grams of Gold price & whenever you will return this money to me the amount should be roughly equivalent to 10 Grams of gold. Is this type of lending allowed in Islam?
I have sold my car at Rs. 3, 50,000 but the buyer fails to pay in scheduled time. My question is can I sell it to someone else now?
Is Forex Trading is HALAL or NOT?
Is it permissible in Islam to invest in mutual funds?
Is it allowed to make entry in share market according to Islam? Please explain.
I would like to know if Trading in Shares (especially doing Intra-Day i.e. Purchasing and selling the same day) is it Halal? If we see the other way that a hawker purchases onion in the morning with an intention to sell it during the day. Can't the same principal get applied to Intra-day share trading
If somebody entrusts you with some money, for example, 1000 they have not lent the money to you but have just given it to you for safe keeping. Can I Invest that money in Halal finance, and benefit from the profits? Or does the money earned through profit have to be given to the rightful owner? Can you please advice?
Is it permissible to take any items on instalments and paying more money to that item? Because it is not possible for me to pay the whole amount at a time, please reply.
We are into the business of Real Estate. Can we give service to Alcohol Beverage Company? Would the commission that we get from them be halal as we are just giving the real estate services?
I want to start a new business, which involves chemical trading, in partnership with a non-Muslim. Both of us are going to invest equal amounts of money. My question is that is it halal for me to do a business with a non-Muslim partner.
What are Islamic laws concerning use of credit card? If I have credit card and I pay the whole amount at the end of the month, it does not incur any interest, is it permissible to carry credit card?
If I kept some gold items to a jeweller for a certain period he charges me interest. In that case can I give my bank interest amount to release my gold items or it is Halal to keep the gold items to a jeweller in case of urgent need.
From Gulf I transfer my earnings to a savings account in an Indian Bank. Every six months the bank adds interest money to my account. I heard that interest money can be donated without the intention of any reward. If this is right, please advise me as to whom I can donate this interest money to. Can it be given to needy relatives of mine?
Is working as a commission agent for any Halal trade is considered Halal in Islam?
I import goods for trade, then I sell them before they arrive and I receive them. What is the ruling on that?
In Mudarabah contract under Islamic Finance, one party provides investment he is called the Investor (rab-ul-maal) while the other gives technical & management expertise he is called the manager or entrepreneur (Muzarib). Profit if any, is divided between both the parties on prefixed basis while loss, if any, is only borne by the investor. Is it not exploitation of the investor and does Islam allow this?
Is Investing in Stock Market (buying shares) HALAL or HARAAM?
Some people say that fixed deposit interest money received from the banks can be used for the purpose of constructing building toilet bathroom and cleaning of nail and garbage (kura) around our home.
We are into the business of Real Estate. Can we give service for Alcohol beverage company Get them a house the commission what we get from them is it halal we are just giving the real estate services?
I know that lottery money is haram. But is it permissible to use it to pay off my debts to the bank and my siblings debts to the bank, so long as I am careful not to use it for anything else?
Can we invest money on Life Insurance Corporation Policy for future securities and are the returns from that policy Halal money?
I have purchased a flat for which I have made full payment to the builder; the flat will be given to me after 5 years. Should I pay the Zakat for the amount I purchased the flat this year or I should pay the Zakat after getting the flat?
A person who is an Indian Government employee and he has taken loans from Banks several times and now he wants to go on Haj. My question is that; is Haj obligatory for him with this loan? Can perform Hajj in this situation?
I am about start an online business I will just have to make a website and get it registered with Google or yahoo and then people clicking on my page will profit me. Should I go with this business?
There are children out there whose parents, for example, are dealing in riba and who are fed with meat attained through this money. What should the children do in this case?
If a person won the lottery, than he wants to offer me money to perform Hajj or Umrah, is it allowed to accept it?
I gave some money to my friend when he is in need. At that time I didn't do the neeyat of anything. Now he is not in a position to return that amount. Can I neeyat now that I spend this money as a Zakat.
I gave my wife a Gold chain from the money of her maher. Shall I have to pay Zakat on that Chain? Or it is the responsibility of my wife because it is her property now?
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