Transactions

November 28, 2024 1 min

Is It Permissible to Use Islamic Banking Services to Generate Profit? – Shayk...

Answered by Shaykh Irshaad Sedick Question Is it permissible to use Islamic banking services that generate profit? Shaykh Irshaad Sedick explains the permissibility of using Islamic banking services to generate profit. Shaykh Irshaad Sedick graduated from Dar al-Ulum al-Arabiyyah al-Islamiyyah, under the tutelage of Shaykh Taha Karaan. He received Ijaza from several esteemed scholars and has […]
November 24, 2024 2 mins

Is Airdrop Mining Permissible?

Answered by Mawlana Ilyas Patel Question Is airdrop mining permissible in Islam? Many Muslims are involved in it, especially in countries like Nigeria, Bangladesh, and Pakistan. How can we determine if a project involves gambling or interest (riba)? Please provide detailed guidance. Answer In the Name of Allah, the Most Merciful and Compassionate I pray […]
November 18, 2024 2 mins

Can I Use the Return on Funds That I Plan to Gift?

Answered by Shaykh Muhammad Carr Question  I plan to gift my share of the inheritance to my brother, but we haven’t been able to connect due to misunderstandings. Can I keep the money in my halal savings account, which generates profit, and use the profits while I wait to give him the full amount? Is […]
November 12, 2024 4 mins

Can I Adjust a Loan Repayment for Currency Devaluation?

Answered by Shaykh Bassem Itani Question If I lent money to someone at a time when the currency was stronger than it is today, is it permissible for me to demand repayment equivalent to its original value? Answer All praise is due to Allah, Lord of the worlds, and blessings and peace be upon our […]
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