Answered by Mawlana Ilyas Patel Question Is charging a 50% refundable deposit for a service permissible? Answer In the Name of Allah, the Most Merciful and Compassionate. Yes, it is permissible to charge a refundable deposit when offering a service. A deposit is a trust (amana) in the hands of the one who holds it, […]

Answered by Shaykh Faraz Rabbani Question Is it permissible to buy and sell gold on a spot basis when the sale completes immediately, but the payment reaches the seller’s bank account a day later due to administrative bank processing? Answer In the Name of Allah, the Merciful and Compassionate. Yes, this is permissible. When the […]

Answered by Mawlana Ilyas Patel Question Is it permissible for a landlord to collect a security deposit if the law requires it to be placed in an interest-bearing account, and are there lawful alternatives? Is landlord or property insurance permissible to protect an investment? And what reliable resources are recommended for learning Islamic finance and […]

Answered by Shaykh Faraz Rabbani Question Is working in logistics for a financial regulatory organization considered impermissible if the work may indirectly facilitate unlawful financial activities? Answer In the Name of Allah, the Merciful and Compassionate. Working in logistics for a financial regulatory body is permissible, and the income you earn from such work is […]