Answered by Shaykh Muhammad Carr Question I sell card machines to businesses and could also sell a cash advance product. A customer can borrow up to 80% of their average monthly turnover. So, if a business has a monthly turnover of £10,000, it can borrow up to £8,000. The funding company charges a fixed fee. […]

Answered by Shaykh Muhammad Carr Question  My parents took out a home loan. My father transferred money to my account, and my mother asked me to withdraw it and accompany her to the bank to pay an installment on the loan. I am not the borrower, guarantor, or witness to the loan agreement. According to […]

Answered by Shaykh Muhammad Carr Question  I have received a job offer from D-Wave Quantum, a company that develops quantum computing hardware and software. Its core business appears to be permissible. However, according to the AAOIFI Shariah screening criteria used by Zoya, its stock is classified as non-Shariah-compliant due to excessive interest income. Its recent […]

يجيب عن السؤال الشيخ محمد فايز عوض السؤال السؤال: «أنا طالبٌ في مطلع التزامي، وأصدقائي يستعملون تطبيقات التقسيط (”اشترِ الآن وادفع لاحقًا“) لشراء الهواتف والملابس. تقول الشركة: لا فوائد، لكن هناك ”رسوم تأخيرٍ“ إن فات الموعد. فهل استعمالها حلال؟ وهل رسوم التأخير ربا؟ ومتى أتجنّبها؟» الجواب الحمد لله، والصلاة والسلام على رسول الله، أما بعد: […]