Answered by Mawlana Ilyas Patel Question I am seeking clarity regarding the Shariah ruling on LEAP stock options. I reviewed the SRB paper “Taking a LEAP with Shari‘a in the World of Options,” which states that options are impermissible due to gharar and invalid subject matter. However, the claim that price speculation is simply “a […]

Answered by Shaykh Abdul-Rahim Reasat Question Is opening a real estate business permissible where insurance is legally required? Answer I pray you are well. Yes, this can be permissible in situations where insurance is legally required and comes under indemnity and liability laws. Sometimes, property insurance or public liability insurance is required to operate. In many […]

Answered by Shaykh Abdul-Rahim Reasat Question May one earn a referral income after directing a client to impermissible insurance offered by others? Answer I pray you are well. No, this would not be permissible. You are assisting someone in sin, and then earning money from that referral. This is no different from directing someone to something […]

Answered by Shaykh Faraz Rabbani Question What is the ruling on a gifted house without a full transfer of ownership? How should it be distributed after the parent’s death? Answer In the Name of Allah Most Merciful and Compassionate. The Importance of Clarity in Ownership Matters of ownership are very critical in Islam. The early […]