Answered by Shaykh Muhammad Carr Question  Can an expected profit clause, such as “The expected profit is X% per month,” be included in a wakala bi al-Istithmar contract without violating the principle that the wakil cannot guarantee profits? ِAnswer In the Name of Allah, the Most Merciful and Compassionate. I pray you are in good […]

Answered by Shaykh Muhammad Carr Question  Is my job halal or haram? I assist merchants by advancing my funds to clear negative balances, and in return, I receive a commission three times the usual amount earned by the merchant. Additionally, I earn a “lucky bonus” as a reward for covering negative balances. Does this arrangement […]

Answered by Shaykh Muhammad Carr Question  I am starting an online business selling 18k gemstone jewelry and seek guidance on setting a permissible, profitable price. Should I use an appraisal to determine the price and include both my profit and appraisal costs? ِAnswer Thank you for your question. May Allah bless you and your business. […]

Answered by Shaykh Irshaad Sedick Question If a mother acquires credit cards to care for her family due to the father’s refusal to provide adequately, would the sin of interest fall on her or the father? Answer In the Name of Allah, the Most Merciful and Compassionate. Both the mother and father bear responsibility for their […]