Answered by Shaykh Muhammad Carr Question Is it permissible to use international payment gateways that charge a percentage-based fee? And how should I navigate differing scholarly opinions on this matter while striving to ensure that my income remains halal? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you are in […]

Answered by Shaykh Muhammad Carr Question Is it permissible in Islam to trade gold (XAUUSD) through platforms like MetaTrader 5 with brokers like Exness? Answer In the Name of Allah, the Most Merciful and Compassionate. May Allah reward you for ensuring that your trading complies with Islamic Law. Allah says, “O believers! Intoxicants, gambling, idols, […]

Answered by Shaykh Muhammad Carr Question Is swap-free (interest/riba-free) online forex trading permissible (halal)? Answer Thank you for your question. May Allah reward you for ensuring that your income is permissible. Even without interest, forex trading remains impermissible. The Problem with Forex Trading The issue with the validity of retail forex trading is that, when […]

Answered by Shaykh Muhammad Carr Question Given that my Shari‘a-compliant mutual fund holds 8.1% cash in interest-earning CBLOs, should I exit the fund or purify my returns by donating 10–15% to charity? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your question. Allah says, “O you who believe, eat […]