I trade in stocks. Please let me know if the following are halal or haram: 1. a margin account (an account that lets me borrow for a few hours, days or months to buy stocks. The money has to be repaid with a variable interest); 2. day trading (buying and selling the same stock in one day or over a short period of time)? 3. futures and commodities?.. More
Asalam Alikum. Thanks God for finding a precious and helpful guide for Islamic people, I am confused and I do not know what to do concerning my problem. I am an orphan since I was three years old, my father has been kidnapped in the Lebanese war in 1982 and we have never heard from him since and we think he is dead, he left a family of three members.. More
Referring to question No. 1354, if the one who died had made a will of paying 1/3 of his money to the charity, would the percentage of interest be considered a part of the 1/3 or do we have to pay the 1/3 and the percentage of usury?
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Can you please answer the following question:1. Somebody wants take a house on mortgage (which is Rahen in urdu) 2. He will pay Rupees: 80,000 to the owner of the house. As a guarantee, the owner will vacate the house, and give to the person who is paying the money. This is a gurantee for the money. The person paying will stay with his family in.. More
I would like to ask if someone received an inheritance from his/her relative whose earnings had some haram things like interests and he or she knows this, what is he or she supposed to do?
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I am a married man with two kids. I have a decent job but I cannot save enough to build a house for my family. Here in Tunis we don't have Islamic banks, so all banks that give credit for building house charge an interest rate. Does our religion give permission in such a situation to get credit from the bank? I have to note that I called the ex-Mufti.. More
First I would like to say that I have no intention to buy a house, but many people say that taking a loan from banks and paying interest for buying a house in occidental countries when the house is not for commercial purpose is allowed. Can you please clarify this for me? wa jazaqumu ALLAHU khairan WASSALAMU ALAIKUM
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I have three small questions. Q1: If you have a bank account and you hear that you have won a big prize from the bank, is this money Halal or Haraam? If this is Haraam, what is the Ayat or Hadith that proves this? Q2: If this prize is Haraam, can it be used to help in any way (any kind of help)? Q3: If the Bank gives you something (watch, keyring, or.. More
long time ago I made a company with another man whom I met for the first time, he came from another country, he told me that he have many companies in many countries, because he is Muslim and he have a good method to talk with Qura'n and Hadeeth I think he is a honest man, I gives him my money and we begon the new company me in Holland and he from.. More