Transactions

May 25, 2026 8 mins

How Is Zakat Calculated on Long-Term Investments?

Answered by Shaykh Faraz Rabbani Question How is zakat calculated on a long-term investment portfolio? Is it due on the entire value, or only on the zakatable portion of the underlying assets? If one’s intention changes from trading to long-term holding, is this change of intention enough, or must the assets be sold and repurchased? […]
May 22, 2026 6 mins

Does a Late-Fee Clause Make Income Haram?

Answered by Shaykh Faraz Rabbani Question If a company’s contracts include impermissible late-fee or interest clauses, are the goods and money flowing through them haram, and is it impermissible to deal with such companies or develop software for them? Answer No. The goods are not haram, and ordinary purchases from such companies remain permissible. The […]
May 18, 2026 3 mins

Is Using a New Account Discount with the Same Details Dishonest?

Answered by Mawlana Ilyas Patel Question We wanted to order from a restaurant but chose my phone for a 50% discount, since I had ordered from it before on my sister’s phone. I realized my account had her name, addresses, and her card, as she had used my phone before. Is this haram or deceit? […]
May 18, 2026 5 mins

Is It Allowed for an Agent to Receive Payment Before Inspection?

Answered by Shaykh Faraz Rabbani Question I run a halal jewelry business. My supplier appoints me as their agent (wakil). I inspect items at home, then ship them to the customer. Ownership stays with the supplier until delivery. A customer pays in advance; I inspect days later before shipping. Is this structure permissible? Does my […]
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