Answered by Shaykh Muhammad Carr Question Is it permissible to rent a product with an option to purchase it later, if late payments may result in additional charges through debt collection? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you are in good faith and health. Thank you for your […]

Answered by Shaykh Muhammad Carr Question Some investment platforms grant full legal ownership of whole shares, but treat fractional shares as Contracts for Difference (CFDs), meaning no actual ownership of the underlying asset exists for that portion. Since trades are executed by monetary value rather than share count, price fluctuations make it technically impossible to […]

Answered by Shaykh Muhammad Carr Question I have a question regarding my income. I used to work for a company for about seven years. This company sells a specific type of product. Two years ago, I found a second job while still employed at the first company, so I currently have two jobs. My first […]

Answered by Shaykh Muhammad Carr Question Is it permissible to purchase gold and later resell it at a higher price for profit? Answer In the Name of Allah, the Most Merciful and Compassionate. May Allah reward you for ensuring that your transactions comply with Islamic Contract Law. The purchase of gold and its subsequent resale […]