Islamic Banking

Fatwa ID: 03661 Answered by: Alimah Sabrina al-Faarsiyyah   Question In Islamic Banking, it is believed that the "time value of money" is prohibited in loan transactions only, but in case of trading on cre...

Halal Investments into Shares

Fatwa ID: 03637 Answered by: Maulana Tahsin Alam   Question I am contacting you with a question regarding halal investment. A few years ago, I purchased stock/shares in my previous employer (a publicly-traded e...

Is Life Insurance Allowed?

Fatwa ID: 03515 Answered by: Maulana Belaal Ahmed   Question Assalamu alaikum My question is about life insurance. For a twenty years term, if a monthly amount is paid to a company (say, $100 each month) and said th...