Transactions (Shafii)

March 1, 2025 2 mins

Does Islam Permit Paying a Print Provider in Advance When Etsy Withholds Payment...

Answered by Shaykh Muhammad Carr Question Is paying a print provider in advance acceptable, given that Etsy withholds customer payments for several days or weeks and deducts fees before releasing the funds? Answer Thank you for your question. May Allah reward you for ensuring that your dealings are by Islamic Law. Allah says, “O you […]
February 28, 2025 2 mins

Are Memecoins Like Dogecoins Halal?

Answered by Shaykh Muhammad Carr Question Are meme coins like Dogecoin permissible (halal) in Islam? What criteria must a cryptocurrency meet to be considered halal, enabling me to evaluate the permissibility of future meme coins? Answer Thank you for your question. I pray you are in good faith and health. Thank you for your question. […]
February 23, 2025 5 mins

Is It Permissible to Trade Bitcoin and Cryptocurrencies in Islam?

Answered By Shaykh Dr. Muhammad Fayez Awad Question What is the ruling on dealing with digital currencies like Bitcoin? Answer All praise is due to Allah, Lord of the worlds. Blessings and peace be upon the Master of the Messengers, his Family, and all his Companions. Definition and Characteristics Cryptocurrencies are a new development that […]
February 23, 2025 5 mins

Does Late Payment Fees Render a Contract Impermissible?

Answered by Shaykh Muhammad Carr Question I run a fragrance business, Alhamdulillah, and I am considering listing my products on a price-comparison website that charges on a per-click basis. However, their agreement includes late payment fees, which I understand are impermissible (Riba) in Islam. I have read that such contracts may sometimes be tolerated for […]
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