Answered by Mawlana Ilyas Patel Question I trade E-mini Nasdaq futures (NQ) through a prop firm called Tradeify using simulated evaluation accounts and profit-split payouts. Is this permissible in Islam? Answer In the Name of Allah, the Most Merciful and Compassionate. It is not permissible to trade through any of the prop firms due to […]

Answered by Mawlana Ilyas Patel Question My friend asked me to buy him an online subscription using my money; he would return it afterward. It had 6 pages of items, but received only 4, with 2 pages still to come and the rest unknown. Is this a gharar transaction? Answer In the Name of Allah, […]

Answered by Mawlana Ilyas Patel Question If one spouse owns a house and, after divorce, wants the other to pay damages even if they didn’t live there, and the case goes to court and the spouse loses, they must pay half the house’s value as part of marital property division. Plus, if there’s a late […]

Answered by Shaykh Faraz Rabbani Question If a real estate purchase agreement contains an assignment clause, is the written disclosure Islamically sufficient, or must I also verbally inform the seller that I may assign the contract? And in negotiation, may I say “I can offer you X,” or must I clarify that another buyer may […]