Is it OK to invest zakah 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: 1- Many jurists argue that it is prohibited to buy, own/hold or sell stocks of companies that makes any prohibited transaction whatsoever. …
Can we borrow money to construct the road as investment; hence we can share the profit of selling the land?
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: Financing investment from a loan without interest is permissible. Answering your question, Prof. Dr. Monzer Kahf, a prominent Muslim economist …
I am a public servant working in a governmental organization. In my office, our directors used to collect kickbacks and gifts from contractors and when they are sharing the money, they give some amount to us.
Can I have a loan from the bank to buy it? If not, what do you advise me to do?
A Toronto-based wealth management firm has introduced a new halal investing portfolio to engage observant Muslims seeking investments that adhere to Islamic laws.
In a marriage contract, if the woman doesn’t specify that she wants money for her mahr (dower), is it permissible in Islam to buy her material items
I want to borrow money from someone and use that money to build houses. Then I plan to sell some of the houses and rent the others out.