Answered by Shaykh Muhammad Carr Question Is it permissible to sell a silver coin still valid for circulation for more than its face value due to its silver content? Answer  Selling a coin for more than its face value on account of its silver content is permissible when the transaction involves gold or any other […]

Answered by Shaykh Muhammad Carr Question My employer’s retirement plan offers only Shari‘a non-compliant funds. Is it permissible to participate to receive the employer match while investing in the least non-compliant option available and purifying any dividends received? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your question. Viewed […]

Answered by Shaykh Muhammad Carr Question Is it permissible to purchase gold or silver from a physical shop using a credit card (such as Visa or Mastercard), considering that the actual transfer of payment is delayed due to the nature of credit card transactions? Answer In the Name of Allah, the Most Merciful and Compassionate. […]

Answered by Shaykh Muhammad Carr Question Is it permissible to have gold jewelry manufactured abroad, maintain a cash amana with the factory, and conduct spot transactions by phone in which the factory completes the items, calculates the gold price and associated charges, immediately deducts the amount from my amana, issues an invoice, and sets the […]