Q: Following the fatwa regarding Local Government Pension Schemes dated August 3rd 2015, does the issue of uncertainty render NHS pensions as impermissible? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: No, NHS defined benefit schemes follow the same rule as the Local Government defined benefit Pension Scheme.
Read more...Author: alqalam_ITYPE
Are “Income protection policies” & “Critical illness cover” permissible in Islam?
Q: Can you please confirm “Income protection policies” & “Critical illness cover” insurance policies are both haraam? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Income protection policies and critical illness cover are types of conventional insurance that suffer from the prohibitions of riba, qimar and gharar and are thus impermissible.
Read more...Zakat on real estate assets listed as “for sale or let”
Q: My question is how should real estate assets which are on the market as “for sale or let” be treated in realtion to zakah. Are they to be treated as trade stock or as rental stock? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: This all depends upon the intention with which the real […]
Read more...Is my pension scheme permissible?
Q: I work for the London borough of Newham and I have been opted in to the pension scheme with LGPS (Local Government Pension Scheme). I have heard some pensions are not permissable and would like to know if the LGPS pension scheme is permissable or not. الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: […]
Read more...Bartering in Islam
Q: Can we create an online and mobile platform for the bartering of goods among consumers? Kind of like a classifieds site specifically for bartering items. Users are able to exchange items (and potentially services) they possess for items/services other individuals possess through the platform. We were told some months ago that there may be an issue […]
Read more...What do we do if the nisab rate fluctuates before our zakat anniversary date?
Q: A year ago, I passed the nisab and I took note of the date and nisab amount. Before my zakah due date, I fell below that recorded nisab, but by then the current nisab had also fallen below what I possesed (so I have less than the nisab of the very first day I became […]
Read more...Can we use invoice factoring?
Q: I have a pharmacy and for all medical items we dispense, I claim a reimbursement from the NHS. They will pay me 2 months in arrears, so as an example, March payment will be paid on the 3rd of May. There is a finance company that can pay March’s payment at the end of March. […]
Read more...Receiving a refund for mis-sold PPI and interest
Q: My father has received a refund for mis-sold PPI on a credit card for period from 2000 – 2012. They have also refunded interest he paid, as well as 8% interest on top as statutory compensation. Is the refund of the interest he paid permissible to keep? Also the 8% interest as compensation? We […]
Read more...Is Zakat liable on invoices not issued yet?
Q: We have annual contracts signed in advance with our customers to provide service support for the year. Invoice is sent out each month. Is zakat liable on the months in advance, even though invoices have not been sent and service not provided yet? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: There is […]
Read more...Is working for the NHS halal since it is funded by taxes and national insurance?
Q: Is working for the NHS halal since it is funded by taxes and national insurance? There is a clear necessity for the NHS and it can only be funded realistically through such taxes. الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A:In Islam there are several sources of state revenue which include, Zakat, Ushr (agricultural […]
Read more...Would my income made from treating patients with Botox be halal?
Q: I write with regards to Botox treatment. I understand that there are differences of opinion with regards to Botox. I would like to know whether or not the income from Botox treatment is halal? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: In principle, if Botox does not contain any unlawful ingredient and is safe […]
Read more...Leaving a bequest in favour of my parents
Q: I have money which my parents gave to me to buy a house, as I feel this is still their money, when I write my will can I stipulate this must be returned to them as the house was never purchased due to my illness? I also have two brothers and a husband, but no […]
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