Investing into Companies

Is investment halal or haram? In the name of Allah, Most Compassionate, Most Merciful. It is permissible to make financial investments provided they are in line with Shariah, i.e. investments in companies who have fixed ...

Buying Shares

Buying Shares In the name of Allah, the most Beneficent, the most Merciful. Answer There is a difference of opinion amongst the scholars with respect to whether buying or selling shares are permissible.  Hazrat Mufti Taq...

Student Loan

What is the Islamic ruling for Student Loans? In the name of Allah, Most Compassionate, Most Merciful. Allah states in the Quran, “Allah has permitted transactions and has forbidden riba” (Surah Al Baqarah v.275) Ali ibn...

Travel Insurance

I have a question which is a bit controversial, I joined a company called world wide travel plan as an affiliate, they gave me a free website and a free company email, but the thing is the main purpose is to sell travel ...

Lottery Funding

Can lottery funding be obtained from the national lottery funding to build an Islamic centre for the benefit of the community bearing in mind that the funding has changed hands.  Also can funding be obtained to pay an in...

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...