Murabaha

Is it permissible to buy a house from a bank when it has been taken over and possessed by the bank and then they sell it directly without a third party involved? They still charge interest but there are only two parties ...

Legal Plans

Are legal plans permissible? In the name of Allah, the most Beneficent, the most Merciful. Answer From an Islamic point of view a legal plan in essence is like an insurance in which the customer pays “x” amount of money ...

Islamic Finance

With the introduction of Islamic banking and Islamic products such as (takafol (halal insurance) and halal mortgages) I was wanting to undertake gainning some qualifications in islamic finance and islamic investments. No...

Is Investment Banking permissible?

Is Investment Banking permissible? In the name of Allah, the most Beneficent, the most Merciful. Answer Investment Banking is permissible as long as there is no interest involved. Only Allah Knows Best Mohammed Tosir Mia...