Category Archives: Finance

Asking for an increase in repayment of loan.

6 month ago in Finance

Question: Assalamu Alaykum, A few years ago I lent someone $200,000. The arrangement was that he would give me a parcel of land instead of repaying the loan. After two years he is saying he cannot ...

Is it compulsory for the seller to refund the cust

6 month ago in Finance

Question: I sold a car to a customer stating on the contract sold as is. If the customer discovers a fault after 1 week is it compulsory for me to take back the car and refund the customer ? Can I ...

Can I utilize the monies received from bonds?

8 month ago in Finance

Question: Assalaamu Alaikum wa Rahmatullahi wa Barakaatuh,  If one had a money bond and over the years it built up interest, when you went to cash it, is it permissible to use that money towards ...

Distribution of inheritance from parents, marriage

10 month ago in Finance, Marriage

Question: A Muslim brother passed away and is survived by a wife, two daughters, two full sisters, one brother from father, one sister from father and one sister by mother. His father and mother were ...

Is IT(Information Technology) job in an insurance

1 year ago in Contemporary Laws, Finance

Question:  Assalam Alaikum I’d like to know it IT (information Technology) job in following insurance company is allowed, according to Quran & Sunnah or not? Company name: Wesfarmers Insurance ...

Raising funds in the Masjid.

1 year ago in Finance, Social Issues

Question: Is it permissible for an imam to raise funds for the towns Islamic school in the masjid via pledges?   Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum ...

Advice on father having interest bearing account.

1 year ago in Finance

Question: Respected sir I am facing a very serious problem. Actually my father was having a sum of money and initially he told to my family that he has made that amount fix in a bank on interest, I ...

Zakaah on shares and dividends.

1 year ago in Contemporary Laws, Finance, Money & Finance, Zakat & Sadqah

Question: Does Zakaat have to be paid on Shares? Also does one have to pay on the capital and the dividend also? Jazakallah   Answer: In the Name of Allah, the Most Gracious, the Most Merciful. ...

Is this contract bribe?

1 year ago in Finance

Question: In our business we offer the delivery of raw materials to construction companies. Sometimes, when we approach to the representative of a company we offer him a price, for example 200 for ...