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Should I Pay Back Lottery Money?

Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh.  In the Name of Allah, Most Gracious, Most Merciful.  All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: You and your brother have to get rid of this money as it was earned from lottery which is gambling, …

Four Things You Need to Know about Islamic Finance (IMF)

4 Things You Need to Know about Islamic Finance (IMF)

Islamic finance is growing rapidly but still remains concentrated in a number of jurisdictions. Its strong growth reflects a very strong interest on the part of Muslim populations, who have previously been underserved, but also the very strong growth…

Buying a House with Interest on the Price

Buying a House with Interest on the Price: Allowed?

Wa `alaykum as-Salamu wa rahmatullahi wa barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: 1- Usury (riba) is impermissible (haram) either in housing or any other dealings. 2- As for the kind of contract …

The Problem with Interest: Book Review by Joe Bradford

The Problem with Interest: Book Review by Joe Bradford

What is the problem with interest? Why is it an issue for Muslims? This book is an attempt to answer these questions. When Copernicus and Galileo attacked the science of their time, they suffered at the hands of established opinion. Whilst demanding a retraction of their heresy, the church conveniently ignored the growing gulf between …

If the Stock Splits, Does that Make it Haram?

If the Stock Splits, Does that Make it Haram?

If a person owns stock and the stock splits, does that make it Haram (unlawful)? Are dividends Haram (unlawful)? If so, then what exactly do you mean by dividends? Jazakum Allah Khayran.

Buying a Car With Interest

Buying a Car With Interest: Riba?

Wa `alaykum as-Salamu wa rahmatullahi wa barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: The finance department gives you a loan in fact not it sells you a car. The price 32995 is paid …

Can We Achieve Social Justice With Riba?

Can We Achieve Social Justice With Riba?

Isn’t it a fruitless venture, the attempt at social justice without first pondering over what kind of economic structure one is living in? While the systems of Riba (usury) prevail in the world



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