Answered by Shaykh Muhammad Carr Question Can transferring stock to a Donor-Advised Fund (DAF), which sells the stock and issues a check to a Zakat-eligible organization, be used to fulfill my Zakat obligations? Also, when should I make the niyya (intention) for Zakat? Answer In the Name of Allah, the Most Merciful and Compassionate. May […]

Answered by Shaykh Muhammad Carr Question I pay an evaluation fee to trade on a simulated forex account. I am granted a simulated funded account to trade CFDs if I reach the profit target. I do not incur any financial losses—the firm bears them. When I make a profit, I receive a payout, which is […]

Answered by Shaykh Muhammad Carr Question I had to take out a loan to pay for new flooring. I had the money to cover the payment from my salary, but one of my parents withdrew funds from my bank account without my knowledge. This caused the flooring company’s direct debit to fail, and they are […]

Answered by Shaykh Muhammad Carr Question A man invested in my cryptocurrency trading business, fully aware of the associated risks. We agreed to split any profits equally. There was no verbal or written agreement categorizing the investment as a loan or stipulating any obligation to repay it. During his lifetime, he accepted the incurred losses […]