Answered by Shaykh Muhammad Carr Question Is it permissible to sell a silver coin still valid for circulation for more than its face value due to its silver content? Answer  Selling a coin for more than its face value on account of its silver content is permissible when the transaction involves gold or any other […]

Answered by Shaykh Muhammad Carr Question  I entered into a verbal agreement with a company to develop a website for them. They provided me with a laptop, and I worked from home for most of the time. The payment was structured as follows: one third was paid in advance, with the remainder due upon completion. […]

Answered by Shaykh Muhammad Carr Question My employer’s retirement plan offers only Shari‘a non-compliant funds. Is it permissible to participate to receive the employer match while investing in the least non-compliant option available and purifying any dividends received? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your question. Viewed […]

Answered by Shaykh Muhammad Carr Question Is it permissible to purchase gold or silver from a physical shop using a credit card (such as Visa or Mastercard), considering that the actual transfer of payment is delayed due to the nature of credit card transactions? Answer In the Name of Allah, the Most Merciful and Compassionate. […]

Answered by Shaykh Muhammad Carr Question Is it permissible to have gold jewelry manufactured abroad, maintain a cash amana with the factory, and conduct spot transactions by phone in which the factory completes the items, calculates the gold price and associated charges, immediately deducts the amount from my amana, issues an invoice, and sets the […]

Answered by Shaykh Muhammad Carr Question I am considering a remote role selling life and supplemental insurance through virtual meetings, with income primarily from commissions and possible renewal payments. Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for reaching out and seeking clarification on this important matter. It’s commendable that […]

Answered by Shaykh Muhammad Carr Question Is it permissible to participate in a prop firm challenge that charges a fee, involves simulated trading, and pays profits from the firm’s funds based on performance? Answer May Allah reward you for ensuring that your income is permissible. Allah Most High says, “And aid one another in devotion […]

Answered by Shaykh Muhammad Carr Question Is participating in a funded trading program and earning profit by trading company stocks with a firm’s capital permissible in Islam if the trader only pays a subscription fee and shares profits with the firm? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you […]

Answered by Shaykh Muhammad Carr Question I seek clarification regarding proprietary trading models in which the trader operates only on a demo account. No real leveraged trades, interest-based transactions, or financial contracts are executed in the trader’s name. The trader effectively generates trading signals and receives compensation based on performance. In this case, is participating […]

Answered by Shaykh Muhammad Carr Question Must capital gains be purified? If so, can they be offset against capital losses before calculating the purification amount? If offsetting is permitted, may gains and losses be netted against different stocks? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your question. Capital […]

Answered by Shaykh Muhammad Carr Question Is it permissible to pre-book products online by paying a non-refundable booking fee when the seller only procures the item after the order is placed, and the product is commonly available and delivered through the seller’s own facility? Answer In the Name of Allah, the Most Merciful and Compassionate. […]

Answered by Shaykh Muhammad Carr Question If the bank agrees to reduce the amount and I pay the agreed-upon settlement, would I be sinful in the sight of Allah for paying less than the original debt? Would this be considered unjustly taking someone else’s money, even though the bank offered the reduction? Answer In the […]

Answered by Shaykh Muhammad Carr Question Is it permissible to keep savings in an XAU (gold-indexed) bank balance that is redeemable at any time only in local currency at the current gold rate, with no physical gold and no interest? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your […]

Answered by Shaykh Muhammad Carr Question Is it permissible to rent a product with an option to purchase it later, if late payments may result in additional charges through debt collection? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you are in good faith and health. Thank you for your […]

Answered by Shaykh Muhammad Carr Question Some investment platforms grant full legal ownership of whole shares, but treat fractional shares as Contracts for Difference (CFDs), meaning no actual ownership of the underlying asset exists for that portion. Since trades are executed by monetary value rather than share count, price fluctuations make it technically impossible to […]

Answered by Shaykh Muhammad Carr Question I have a question regarding my income. I used to work for a company for about seven years. This company sells a specific type of product. Two years ago, I found a second job while still employed at the first company, so I currently have two jobs. My first […]

Answered by Shaykh Muhammad Carr Question Is it permissible to purchase gold and later resell it at a higher price for profit? Answer In the Name of Allah, the Most Merciful and Compassionate. May Allah reward you for ensuring that your transactions comply with Islamic Contract Law. The purchase of gold and its subsequent resale […]

Answered by Shaykh Muhammad Carr Question If a person receives restricted stock units (RSUs) as part of their compensation and later sells the resulting shares, how should any gains be Islamically purified? Specifically, do shares that are automatically sold or withheld to cover taxes require purification? Additionally, when calculating the gain, what should be considered […]

Answered by Shaykh Muhammad Carr Question Is there a limit on the amount of profit a reseller is permitted to charge when selling a product they have purchased? Answer In the Name of Allah, the Most Merciful and Compassionate. You may factor your appraisal costs and profit margin into the price. Generally, a sale is […]

Answered by Shaykh Muhammad Carr Question Is it permissible to participate in a marketing business that follows a network marketing structure, where participants earn income through direct and indirect referrals, team bonuses, travel commissions, and residual income generated from team growth? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you […]

Answered by Shaykh Muhammad Carr Question I work in a medical clinic and have been assigned to establish contracts with health insurance companies and manage insurance claims. Does this type of work fall under assisting in Riba, or is it considered doubtful (shubha) in Islam? Answer In the Name of Allah, the Most Merciful and […]

Answered by Shaykh Muhammad Carr Question I bought a bracelet weighing 4 grams. I went home, and within an hour, I returned to the shop and asked to return it, and instead purchase something else, paying the difference since the new item would weigh more. I chose an item weighing 5 grams. The seller showed […]

Answered by Shaykh Muhammad Carr Question As a middleman in real estate, is it permissible to structure and assign deals that involve interest-based loans for the end buyer, even if I don’t handle interest myself? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your question. May Allah reward you […]

Answered by Shaykh Muhammad Carr Question Suppose a seller agrees to pay a “commission fee” to negotiators who promise to raise a buyer’s offer for his company from below-market value to a fairer price. Would such a payment be considered a bribe? If so, would the profit from the sale be considered haram, and would it […]