Transactions

February 14, 2025 2 mins

How Should Disputes Be Resolved in Joint Land Ownership Without Specific Demarca...

Answered by Mawlana Ilyas Patel Question What is the ruling on joint ownership of land where multiple owners know the total size and their percentage of ownership but not the specific part allocated to them? If one owner requests demarcation but the others cannot agree, how should disputes be resolved, especially if some owners wish […]
February 9, 2025 2 mins

Are These Conditions in a House Purchasing Contract Permissible?

Answered by Mawlana Ilyas Patel Question We have the opportunity to purchase a house in Germany with an interest-free loan from our employer. The conditions are a mortgage on the house as security for the loan and repayment within three months if we leave the job. Are these conditions permissible in Islam? Answer In the […]
February 7, 2025 3 mins

What Are the Conditions for a Valid Agency (Wakala) in Islam?

Answered by Shaykh Bassem Itani Question What are the conditions for a valid agency (wakala)? Answer All praise is due to Allah, Lord of the worlds, and blessings and peace be upon our master Muhammad, his Family, and all his Companions. Agency (wakala) is when a person appoints someone else to act on their behalf […]
February 1, 2025 7 mins

How Is Zakat Calculated on a Halal ETF Investment?

Answered by Shaykh Muhammad Carr Question  How is zakat calculated on a halal ETF investment? For example, if an initial investment of $100,000 grows to $125,000, should zakat be paid on the profit alone ($25,000) or the entire investment value ($125,000)? Additionally, does the same ruling apply to RRSPs invested in ETFs? ِAnswer In the […]
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