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 […]

Answered by Shaykh Muhammad Carr Question Is it permissible in Islam to trade gold (XAUUSD) through platforms like MetaTrader 5 with brokers like Exness? Answer In the Name of Allah, the Most Merciful and Compassionate. May Allah reward you for ensuring that your trading complies with Islamic Law. Allah says, “O believers! Intoxicants, gambling, idols, […]

Answered by Shaykh Muhammad Carr Question  I received free shares in a non-compliant company from a broker and referred a friend, who also received similar non-compliant shares. Since we had no control over what was given to us, are we allowed to sell the shares and keep the proceeds? ِAnswer In the Name of Allah, […]

Answered by Shaykh Muhammad Carr Question  Is it permissible in Islam to earn passive income by selling self-made digital products, such as slides and templates, online — even if each sale requires no further effort after the product is created? ِAnswer In the Name of Allah, the Most Merciful and Compassionate. I pray you are […]

Answered by Shaykh Muhammad Carr Question Do I need to repay the HMRC £100 penalty that was canceled after an appeal, if I later realized my income was just over the threshold? Answer Thank you for your question. The Prophet (Allah bless him and grant him peace) said, “Indeed, actions are judged by their intentions.” […]

Answered by Shaykh Muhammad Carr Question Is swap-free (interest/riba-free) online forex trading permissible (halal)? Answer Thank you for your question. May Allah reward you for ensuring that your income is permissible. Even without interest, forex trading remains impermissible. The Problem with Forex Trading The issue with the validity of retail forex trading is that, when […]

Answered by Shaykh Muhammad Carr Question Given that my Shari‘a-compliant mutual fund holds 8.1% cash in interest-earning CBLOs, should I exit the fund or purify my returns by donating 10–15% to charity? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your question. Allah says, “O you who believe, eat […]

Answered by Shaykh Muhammad Carr Question On an online platform where payment is required, the initial price displayed was £39. However, after encountering an issue, I went to fix it, and when I returned to the platform, the price had changed to £58. If I now pay the higher amount, does this constitute Riba (usury)? […]

Answered by Shaykh Muhammad Carr Question  I want to invest exclusively in Sharia-compliant stocks and use platforms such as Musaffa and Islamicly to screen for interest-bearing debt, assets, and impermissible income. If a stock meets these criteria, is it permissible to invest in it? ِAnswer In the Name of Allah, the Most Merciful and Compassionate. […]

Answered by Shaykh Muhammad Carr Question  I was looking for a way to earn some money and discovered that on Coinbase, if you purchase a Proof-of-Stake coin—like Ethereum—and leave it in your account, it can be used to help verify transactions on the network. In return, they pay you a fixed annual percentage of your […]

Answered by Shaykh Muhammad Carr Question I intend to trade with real money on a platform that offers an Islamic account, claiming to exclude riba. The trading involves predicting whether the price of an asset will rise or fall within a short time frame (1–5 minutes) using technical analysis rather than speculation. Is this type […]

Answered by Shaykh Muhammad Carr Question  In today’s world, especially given the current economic situation, it is becoming increasingly difficult to find a stable job or source of income. Considering the current economic challenges, is it permissible to take a government-issued business loan for an agricultural project if the loan involves interest? ِAnswer In the […]

Answered by Shaykh Muhammad Carr Question  Is it permissible in Islam to trade gold (XAUUSD) through platforms like MetaTrader 5 with brokers like Exness? ِAnswer Thank you for your question. May Allah reward you for ensuring that your trading complies with Islamic Law. Allah says, “O believers! Intoxicants, gambling, idols, and divining arrows are all […]

Answered by Shaykh Muhammad Carr Question  I trade futures contracts using an intraday scalping strategy. I open and close all trades within the same day and never hold positions overnight. I use only my own capital and apply leverage based on my own funds — no margin, borrowing, or interest (riba). My trading strategy relies […]