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 […]

Answered by Shaykh Muhammad Carr Question Suppose Party A hires Party B to sell their product and receives a fixed fee of $3 from each sale, while Party B retains the remainder of the selling price. Would this arrangement be valid under Islamic law, given that the payment is a fixed amount rather than a share […]

Answered by Shaykh Muhammad Carr Question I run a gold jewelry business and often sell pieces online through bank transfers or mobile payments. When purchasing from wholesalers, I exchange gold for gold by weight, with additional manufacturing charges. In light of the hadith, “Gold for gold, equal for equal, hand to hand” [Muslim 2970], are these […]

Answered by Shaykh Muhammad Carr Question I’ve heard that in the Shafi‘i School, including void clauses in contracts is considered sinful. If a software license contains a void condition (e.g., prohibiting resale or sharing), would it be sinful to violate that condition? Would the ruling differ depending on whether a person knew the clause? And would […]

Answered by Shaykh Muhammad Carr Question If a blockchain uses a Proof of Stake mechanism, does this make the blockchain impermissible for use? Would it be permissible to use decentralized apps built on such a blockchain? The most popular consensus mechanisms are Proof of Work and Proof of Stake. Many people argue that Proof of Stake […]

Answered by Shaykh Muhammad Carr Question The company purchases real physical items (e.g., Pokémon cards), scans them, and converts them into NFTs backed by real-world asset (RWA) value. Users buy a certain number of blockchain tokens, which can then be used to mint a random NFT. The type and rarity of the NFT are unknown […]

Answered by Shaykh Muhammad Carr Question What’s the Islamic ruling around company proving certain %age of stocks with employee contribution: Company matches x% of stocks if employee contributes x% , company is not shariah complaint still in tech business but not complaint as per AAOIFI standards. These benefits from company constitute yours total compensation and […]

Answered by Shaykh Muhammad Carr Question Is stock market trading permissible if I adhere to Shari‘a guidelines, such as avoiding prohibited industries, maintaining low debt ratios, and purifying any impermissible income? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your question. “So fear Allah all you can, and hear, […]

Answered by Shaykh Muhammad Carr Question I am seeking guidance regarding the ACCGN trading platform, which uses an artificial intelligence algorithm and claims to provide a guaranteed source of income, where no loss is possible. My questions are as follows: Is it permissible in Islam to use a platform that guarantees profits with no possibility […]

Answered by Shaykh Muhammad Carr Question I want to purchase a car through PCP financing with fixed monthly payments that include APR. I do not plan to make the final balloon payment to own the vehicle—only the monthly installments. In this case, are the payments considered interest, or are they more like rent since the […]

Answered by Shaykh Muhammad Carr Question Calculating purification for dividends is relatively straightforward, based on a company’s current activities. In contrast, capital gains are more complex, since they depend on a company’s future activities. Consider this scenario: I purchase a share for $10, and its price rises to $50. Suppose the stock was originally halal […]

Answered by Shaykh Muhammad Carr Question Is it permissible to use international payment gateways that charge a percentage-based fee? And how should I navigate differing scholarly opinions on this matter while striving to ensure that my income remains halal? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you are in […]