Business Fatwas

We are having a common practice of BC wherein few people join and set up a figure to be paid each month.In one of it forms they put an option for the partners to offer lowest amount and same amount will be given to the person. Each person …

Can i give monetory helpto a muslim from the bank interest ?

Is it permissable to buy a car in instalment scheme if the manufacturer and financier are the same company even if they are added intrest in the invoice value. How can we purchase a car in instalment scheme without involving haram aspects.

Due to my income, I can’t get an approval from one of the Sharia financing companies here in USA, like Guadance, LaRiba or Ijara, but I can get an approval from other banks. The question I have is, what if I go with another bank with 30 yr…

1) How is zakaat to be calculated on the Al Mabroor Buffalo Investment?

2) How much zakaat should I pay for the Mandela R5 coins. I paid a few thousand for them because of their rarity. The coins are still circulation coins. That is, if I…

For building home, bank loan on interest is permissible? i am residing in Saudi Arabia.

I got a job in a IT Company here my supporting client is CAPITAL ONE whcih is a bank.My job is Mainframes system administrator where I will be adding space in storage media of Mainframes storage DISK box and allocate there data in what eve…

A close friend who is very well in life wants to buy some frames and the owner made 22.000 rands he agreed and gave me the money but me I discussed with the business owner and managed to get all for 20.000 rands plus 2 small tables that ar…

I need to insure my car, house, and household content. Please advise me who to go for a Shariah Compliant company.

Dear Mufti saab, Assalamu-Alaikum,

I want to clarify the following:

AL HILAL BANK based in UAE offering islamic loans as mentioned below:

Al Hilal Bank Personal Finance Musawamah : Musawamah is a general and common kind of sale in which…