Charging commission

Charging commission In the name of Allah, the most Beneficent, the most Merciful. Answer In a situation where the commission is fixed, such as when the broker sells a car and charges £100 for the brokering service, then ...

Bank and Credit card loans

Around 5 to 6 years ago I took out a series of bank loans and credit cards and catalogue accounts but I did not pay any of them back. I am now trying to sort all my previous errors in life I have come across these debts ...

Credit cards

Is it permissable to use a credit card?When we purchase anything using Credit card we are get Bonus/ Reward points on every £100 we spend. I want to confirm that these rewards points after redemption provide us gift vouc...

Interest Money to print leaflets

Interest Money to print leaflets In the name of Allah, the most Beneficent, the most Merciful. Answer The recipients of interest money are the poor and destitute. Some scholars have said that one may use the interest mon...

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...