Transactions (Shafii)

May 24, 2026 4 mins

Is it Permissible to Invest in a Shari‘a Non-Compliant Retirement Fund?

Answered by Shaykh Muhammad Carr Question My employer’s retirement plan offers only Shari‘a non-compliant funds. Is it permissible to participate to receive the employer match while investing in the least non-compliant option available and purifying any dividends received? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your question. Viewed […]
May 21, 2026 3 mins

Is It Permissible to Buy Gold or Silver Using a Credit Card?

Answered by Shaykh Muhammad Carr Question Is it permissible to purchase gold or silver from a physical shop using a credit card (such as Visa or Mastercard), considering that the actual transfer of payment is delayed due to the nature of credit card transactions? Answer In the Name of Allah, the Most Merciful and Compassionate. […]
May 17, 2026 3 mins

Is It Permissible to Buy Gold Jewelry Remotely Using a Pre-Deposited Amana Balan...

Answered by Shaykh Muhammad Carr Question Is it permissible to have gold jewelry manufactured abroad, maintain a cash amana with the factory, and conduct spot transactions by phone in which the factory completes the items, calculates the gold price and associated charges, immediately deducts the amount from my amana, issues an invoice, and sets the […]
May 17, 2026 3 mins

Is It Permissible to Work in Commission-Based Life Insurance Sales?

Answered by Shaykh Muhammad Carr Question I am considering a remote role selling life and supplemental insurance through virtual meetings, with income primarily from commissions and possible renewal payments. Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for reaching out and seeking clarification on this important matter. It’s commendable that […]
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