Transactions

November 24, 2025 5 mins

Is It Permissible to Purchase a House Through a Life Annuity Contract?

Answered by Shaykh Muhammad Carr Question In a country without Islamic banks, is it permissible to purchase a house through a life annuity contract, where the buyer pays a reduced price along with monthly installments for a fixed period, while the current owner continues to live in the house until the contract term ends? Answer In […]
November 24, 2025 4 mins

Should Zakat Be Calculated from the Original Investment Date or from the Date of...

Answered by Shaykh Muhammad Carr Question If I invest in mutual funds and later add more money to the same investment, should I calculate Zakat on the total amount from the date of the original investment or from the date I added the new funds? Answer In the Name of Allah, the Most Merciful and Compassionate. […]
November 22, 2025 2 mins

Is It Permissible to Use Employer-Provided Health Insurance If It Has No Afforda...

Answered by Mawlana Ilyas Patel Question Is it permissible to use employer-provided health and dental insurance if it reduces financial strain and has no affordable alternatives? Answer I pray you are in good faith and health. Thank you for your question. You can take advantage of health and dental insurance provided by your employer, which […]
November 22, 2025 4 mins

If Part of My Salary Is Invested in an Interest-Bearing Fund. Can I Sign the Con...

Answered by Shaykh Muhammad Carr Question Suppose part of my salary and my employer’s contribution are invested in an interest-bearing fund. Can I sign the contract if I plan to donate the entire interest amount to charity and retain only the halal portion? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you […]
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