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 […]

Answered by Shaykh Muhammad Carr Question Recently, I started investing in gold—buying and selling digital gold for profit. But after the recent incident in Fasher, Sudan, my conscience is troubled about continuing this activity. Please advise me: should I stop, or would it be sinful if I continue? Answer In the Name of Allah, the […]

Answered by Shaykh Muhammad Carr Question The ULIP Structure A Unit-Linked Insurance Plan (ULIP) consists of two components: Insurance: A fixed, non-refundable mortality charge is deducted from the investment to provide life insurance coverage. Investment: Funds are invested in a portfolio composed exclusively of Shari‘a-compliant stocks and companies. Are such ULIPs permissible (Halal) under Shari‘a? The primary […]

Answered by Shaykh Muhammad Carr Question Is it permissible to participate in a mandatory Provident Fund in which contributions are deducted automatically and invested exclusively in Shari‘a-compliant funds, and to receive the full payout upon leaving the job? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you are in good […]

Answered by Shaykh Muhammad Carr Question If an employer matches an employee’s donation, can the matched amount be considered for zakat purposes? For example, if I owe $4,000 in zakat and donate $2,000, and my employer contributes the remaining $2,000, would my zakat obligation be considered fulfilled? Answer Thank you for your question. May Allah reward […]

Answered by Shaykh Muhammad Carr Question Do I have to pay zakat on my workplace pension scheme in the UK if its value exceeds the nisab, considering that it is a defined contribution plan funded solely by my employer? Answer In the Name of Allah, the Most Merciful and Compassionate. May Allah reward you abundantly […]

Answered by Shaykh Muhammad Carr Question Is it permissible to work as a compliance analyst at a brokerage firm that derives part of its income from interest-based transactions, given that my responsibilities would be limited to ensuring regulatory and ethical compliance rather than participating in any trading activities? Answer In the Name of Allah, the […]

Answered by Shaykh Muhammad Carr Question I gave Zakat to a contact in Gaza who used USDT to transfer and distribute it to his wife’s brother. Is my Zakat valid? I gave Zakat to someone in Gaza who claimed to be eligible, but I later discovered that he owned more than the nisab. However, all […]

Answered by Shaykh Muhammad Carr Question In a country without Islamic banks, is it permissible to purchase a house through a life annuity contract, where the buyer pays a reduced price along with monthly installments for a fixed period, while the current owner continues to live in the house until the contract term ends? Answer In […]

Answered by Shaykh Muhammad Carr Question If I invest in mutual funds and later add more money to the same investment, should I calculate Zakat on the total amount from the date of the original investment or from the date I added the new funds? Answer In the Name of Allah, the Most Merciful and Compassionate. […]

Answered by Shaykh Muhammad Carr Question Is a major non-Muslim government-owned defense-electronics manufacturer considered Shari‘a-compliant, given that some sources provide differing opinions? If it is not compliant, what should I do with the shares I have held for the past two years? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for […]

Answered by Shaykh Muhammad Carr Question Suppose part of my salary and my employer’s contribution are invested in an interest-bearing fund. Can I sign the contract if I plan to donate the entire interest amount to charity and retain only the halal portion? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you […]

Answered by Shaykh Muhammad Carr Question My friend and I co-own a business, with each of us holding a 50/50 share. A year ago, the total value of our inventory exceeded twice the Nisab. However, neither of us individually owns wealth equal to the Nisab, except for our share in the inventory. Is Zakat due on […]