Transactions

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 […]
January 31, 2025 3 mins

Is It Permissible for a Lawyer to Include Interest Claims in Lawsuits, as Mandat...

Answered by Mawlana Ilyas Patel Question Is it permissible for a lawyer in a non-Muslim country to include interest claims in lawsuits, as mandated by law? If not, can this be delegated to a secretary or another party? Alternatively, can the interest claim be omitted but later added by someone else with the lawyer’s signature […]
January 29, 2025 1 min

My Husband Passed Away While Having Unpaid Debts, What Do I Do?

Answered by Shaykh Yusuf Weltch Question My husband has borrowed some amount from his parents to pay for our house. He has died without paying the money. What do I have to do? Answer In the Name of Allah, the Most Merciful and Compassionate May Allah have mercy on your husband and grant you beautiful […]
January 26, 2025 2 mins

Can I Follow Hanafi Rulings Permitting Interest-Based Mortgages to Buy a House?

Answered by Mawlana Ilyas Patel Question Can I follow Hanafi rulings permitting interest-based mortgages for a first house out of necessity, given high rent costs and the need to fulfill my mother’s rights? We currently live in a rented house and cannot buy outright. Renting is short-term, but my parents want long-term stability. If such […]
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