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Halal and Haram

January 16, 2024 3 mins

Is a Partial Mortgage Permissible?

Answered by Shaykh Irshaad Sedick Question I purchased a house in Canada and covered most of the cost. However, I secured a mortgage equivalent to 1/6th of the property’s value and funded the remaining 5/6th by myself. Subsequently, I rented out the house. As a single mother, I reside in Egypt and utilize the rental income […]
January 10, 2024 2 mins

Is it Permissible to Wear a Watch with a Bezel Made of Gold for Men?

Answered by Mawlana Ilyas Patel Question You already answered the question in the following link. (Is It Permissible to Wear Watches That Have Small Amounts of Gold in Them?). However, I still had a question on that. What would it look like if only the bezel on a watch were made of white gold? Is […]
January 9, 2024 3 mins

Can I Take Another Insurance Contract to Reduce the First One?

Answered by Shaykh Irshaad Sedick Question I live in the UK, where you are required by law to buy car insurance. Even with the lowest coverage, insurance at my age is very expensive. I have been given advice by the insurance company that if I pay for home insurance (which I intend never to use or […]
January 8, 2024 7 mins

Is Investing in Index Funds and S&P 500 permissible?

Answered by Ustadh Sufyan Qufi Question I’d like to inquire about investing in the stock market, specifically in Index Funds and the S&P 500. Is this permissible? If not, what are the reasons? Are high-value savings accounts also permissible? My assumption is no since there is interest involved, but I’d like to clarify how to […]