Q: I have a sister who works as a teacher for a school but she does not take hijab nor pray, but she stays in our house, is her earnings halaal? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: The lawfulness of any earnings depends on the lawfulness of the role being performed. Failure to maintain […]
Read more...Author: alqalam_ITYPE
Can I pursue a career in the financial sector?
Q: For a long time now I have decided to study accountancy and other finance based subjects at university and go on to do a masters degree in Islamic Finance. My understanding is that Islam does not permit any use of interest and even those who deal with interest i.e. accountants, have sinned just by […]
Read more...Do we have to verify the source of income of an investor before going into partnership with them?
Q: We are planning to start a school in India. Our intention is to start with a conducive learning environment to our Muslim children without compromising our ethics and values, which is totally missing in non-muslim institutions. Though the school is based on a business model, all investors have agreed to pay back 40% of the […]
Read more...In the case of an insurance claim, can one include the value of the premiums paid for other cars?
Q: I understand that with car insurance claims, one should only recoup a sum equivalent to the total paid to a particular company to date, and any excess received beyond this sum be ‘repaid’ through future premiums to that same company. In both cases (historical payments and futures insurance cover), can one include the value […]
Read more...How to determine the unlawful percentage received from dividends?
Q: I would like to know with regards to investing in stocks and shares more specifically on purification of the income received as a result of an investment in a company that is sharia compliant according to your screening criteria outlined in the article on ‘investing in stocks and shares’ https://alqalam.ivirtualsites.com/research-papers/investment-in-stocks-and-shares/. The question I would like to […]
Read more...Is a mentally disabled person exempt from paying zakat?
Q: I have a query regarding whether my mother has to pay zakah on her wealth. My mother has been diagnosed with vascular dementia and the assessments by mental health professionals have concluded that she lacks mental capacity to manage her personal and financial affairs. I have applied and have been successful in being granted the […]
Read more...The time value of money in Islam
Q: A father invested 850,000 rupees into an interest profit scheme in Pakistan in 1995 in one of his sons name. In 1995 the value of the rupees was strong. The rupees rate to the English pound was £1=55 rupees. Therefore 850,000 rupees was £15,454 in the year 1995. After 20 years, in 2015 the interest […]
Read more...Cooling off period in shariah
Q: I’m looking to sell via Amazon inshaAllah. As a seller you would normally offer your customers a refund period. I heard that in fiqh this period cannot be longer than 3 days, is this correct? As the society norms is usually 14 days, 28 days etc… Could you shed some light on this and […]
Read more...Can we use zakat fund to pay off university fees?
Q: Is it permissible for someone to give zakat to a student to pay their uni fees, if that student does not possess nisab, and lives at parent’s home, who pay for all living expenses. Also can people of a family pay zakat into a trust fund to be used for uni fees for their […]
Read more...Is the rent received from a barber shop halal?
Q: My dad has a shop which he has rented to a barber shop, my father had no idea if that money would be haraam, now he has given his word and that person has bought all the equipment’s for his saloon and renovated the shop. what the ruling of this money earned? الجواب حامدا ومصليا ومسلما ومنه الصدق […]
Read more...Can I use an item that I have found outside?
Q: We have this stainless steel fork and it is an odd one from the other 2 types we have. Me and my mum are not sure if it belongs to our neighbour or not. Should we find out or can we just forget about it and use it? Would it be sufficient to just put the […]
Read more...Will a gift be completed through the legal transfer of deeds? What if the donee is not aware of the gift?
Q: I have two questions regarding inheritance and gifts: 1) a family of four (mother, father and two sons) live together in one house. The father wishes to gift his house to both of his sons in his lifetime. What is the correct way of doing this Islamically? 2) can a mother gift her house (that […]
Read more...