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Transactions (Shafii)

February 25, 2024 5 mins

Can I Respond to an Invitation to a Riba-Purchased Home?

Answered by Shaykh Irshaad Sedick Question Is it permissible for me to accept an invitation from Muslims to a house that was undoubtedly purchased with riba (interest)? Similarly, does the same ruling apply when I must travel in a vehicle financed through Riba? I am concerned about whether, by doing so, I might inadvertently be […]
February 21, 2024 4 mins

Can I Buy Gold or Silver Online?

Answered by Shaykh Irshaad Sedick Question I recently invested in gold and silver and purchased silver bullion through a reputable online website. The process involved placing a buy order and an immediate email reply containing details for transferring the money within one banking day for transaction processing. Due to my lack of awareness, I transferred […]
February 17, 2024 3 mins

Can I Steal From a Gift That Was Promised to Me?

Answered by Shaykh Muhammad Carr Question  My mother plans to give me all her gold before she passes away, as I am her only daughter. She has already given me some. If I take a portion without her knowledge to sell for essential expenses, is it considered stealing and impermissible (haram)? If so, what steps […]
February 8, 2024 3 mins

Is Prop Firm Demo Trading (Forex) Permissible?

Answered by Shaykh Muhammad Carr Question  I understand why Forex trading is not shari’a compliant. None of those undesirables apply to prop firm demo trading, as you are not trading with real money on the markets. You are not involved in borrowing money, interest, gharar (uncertainty), or gambling. You are being paid based on your […]