Answered by Shaykh Muhammad Carr Question  I plan to start a food processing business in Allahabad, Uttar Pradesh, under a government scheme that provides a 35% to 50% grant of the total project cost. This support is a grant, not a loan or interest-based financial assistance. According to the scheme, if I close the business […]

Answered by Shaykh Muhammad Carr Question  I have recently started trading using a new broking app called Motilal Oswal, which offers margin trading with 0% interest for the first month. Is it halal for me to use the margin trading facility in this case? Additionally, the app offers 0% interest for an extra month on […]

Answered by Shaykh Muhammad Carr Question  I understand that zakat is due on both the invested capital and any accrued profit in fixed-return investments structured under Murabaha. For example, if I invest £10,000 in a Murabaha agreement that yields a fixed profit of £3,000 over three years, my total return will be £13,000. The profit […]

Answered by Shaykh Muhammad Carr Question Some scholars deem crypto perpetual contracts impermissible due to factors such as interest (riba), lack of actual ownership, or their resemblance to gambling. However, if the exchange does not charge interest, the contract mirrors the asset’s price, and the trader employs leverage, stop-loss, and take-profit tools based on thorough […]