Answered by Shaykh Muhammad Carr Question  I want to invest exclusively in Sharia-compliant stocks and use platforms such as Musaffa and Islamicly to screen for interest-bearing debt, assets, and impermissible income. If a stock meets these criteria, is it permissible to invest in it? ِAnswer In the Name of Allah, the Most Merciful and Compassionate. […]

Answered by Shaykh Muhammad Carr Question  I was looking for a way to earn some money and discovered that on Coinbase, if you purchase a Proof-of-Stake coin—like Ethereum—and leave it in your account, it can be used to help verify transactions on the network. In return, they pay you a fixed annual percentage of your […]

Answered by Shaykh Muhammad Carr Question My question is: Most investment brokers offer custodianship of shares today. Is this form of beneficial ownership considered permissible according to the Shafi‘i School? ِAnswer In the Name of Allah, the Most Merciful and Compassionate. I pray you are in good faith and health. Thank you for your question. […]

Answered by Shaykh Muhammad Carr Question  In today’s world, especially given the current economic situation, it is becoming increasingly difficult to find a stable job or source of income. Considering the current economic challenges, is it permissible to take a government-issued business loan for an agricultural project if the loan involves interest? ِAnswer In the […]