Transactions

November 10, 2024 1 min

Is It Halal to Take a Small Percentage of Profit When Selling an Item for Family...

Answered by Shaykh Abdul-Rahim Reasat Question When selling an item for family or friends, is it halal to take a small percentage for my effort without specifying the amount if they don’t ask for details? Or must I inform them of the exact deduction? Answer I pray you are well. It wouldn’t be permissible to take […]
November 1, 2024 2 mins

How Much of an Interest-Based Court Settlement Is Halal?

Answered by Mawlana Ilyas Patel Question I won a court case against an insurance company for non-payment. The judgment awarded me XX amount, including interest over ten years. The vehicle involved depreciated heavily during the legal battle. How much of the settlement is halal, and can I deduct the vehicle’s worth from the awarded amount? […]
October 22, 2024 1 min

Why Is Commercial Insurance Prohibited? – Shaykh Irshaad Sedick

Answered by Shaykh Irshaad Sedick Question Why is commercial insurance prohibited? Shaykh Irshaad Sedick explains why commercial insurance is prohibited in Islam. 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 authored “The Musnad of Ahmad ibn Hanbal: A Hujjah […]
October 15, 2024 6 mins

What Should I Do If My Debts Increase?

Answered by Shaykh Dr. Muhammad Abu Bakr Badhib Question What should I do if my debts increase? Answer In the name of Allah, and all praise is due to Allah, and blessings and peace be upon our master Muhammad, the Messenger of Allah, his Family, his Companions, and those who follow him. Circumstances A person […]
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