Transactions (Shafii)

April 26, 2025 4 mins

Can a Gold Loan Be Repaid in Gold or Its Equivalent Value at Repayment?

Answered by Shaykh Muhammad Carr Question I have 100g of gold, which represents my entire life savings. Despite my current financial difficulties, I do not sell it and continue to pay zakat on it yearly. However, a close friend asked me to borrow 50g of gold from my 100g, requiring me to sell it on […]
April 26, 2025 4 mins

How to Repay a Foreign Loan After Local Currency Devaluation and Inflation?

Answered by Shaykh Muhammad Carr Question I borrowed 93,000 KES (local currency) from a friend, but she provided it in USD, which was equivalent to 600 USD at the time. Although I initially requested the loan in KES, it was given in USD. A year later, due to currency fluctuations, 600 USD now converts to […]
April 19, 2025 2 mins

Can a Recruitment Agent Receive Payment Before Hiring and Managing an Employee?

Answered by Shaykh Muhammad Carr Question If Person A pays Person B to hire and manage an employee, giving them both the employee’s salary and a service fee upfront, Person B then recruits, pays, and manages the employee for the month. Is receiving the service fee and salary in advance permissible before hiring and managing […]
April 17, 2025 2 mins

Is It Permissible to Monetize a YouTube Video Downloader App?

Answered by Shaykh Irshaad Sedick Question Is it halal to monetize a mobile app that allows downloading YouTube videos despite platform restrictions? Answer In the Name of Allah, the Most Merciful and Compassionate. Allah Most High says: “O you who believe! Fulfill your obligations.” [Quran, 5:1] This verse underscores the importance of respecting lawful agreements and […]
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