Answered by Shaykh Muhammad Carr Question Is stock market trading permissible if I adhere to Shari‘a guidelines, such as avoiding prohibited industries, maintaining low debt ratios, and purifying any impermissible income? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your question. “So fear Allah all you can, and hear, […]

Answered by Shaykh Muhammad Carr Question I am seeking guidance regarding the ACCGN trading platform, which uses an artificial intelligence algorithm and claims to provide a guaranteed source of income, where no loss is possible. My questions are as follows: Is it permissible in Islam to use a platform that guarantees profits with no possibility […]

Answered by Shaykh Muhammad Carr Question I want to purchase a car through PCP financing with fixed monthly payments that include APR. I do not plan to make the final balloon payment to own the vehicle—only the monthly installments. In this case, are the payments considered interest, or are they more like rent since the […]

Answered by Shaykh Muhammad Carr Question Calculating purification for dividends is relatively straightforward, based on a company’s current activities. In contrast, capital gains are more complex, since they depend on a company’s future activities. Consider this scenario: I purchase a share for $10, and its price rises to $50. Suppose the stock was originally halal […]