Answered by Shaykh Muhammad Carr Question I enrolled in a $3000 coaching program with a no-cancel/no-refund agreement in the intake form (which did not meet the contract requirements under local law). I paid for three weeks and then withdrew, citing my legal right to rescind the contract and ethical reasons (privacy breach on YouTube, misleading […]

Answered by Shaykh Muhammad Carr Question  I plan to start a food processing business in Allahabad, Uttar Pradesh, under a government scheme that provides a 35% to 50% grant of the total project cost. This support is a grant, not a loan or interest-based financial assistance. According to the scheme, if I close the business […]

Answered by Shaykh Muhammad Carr Question  I have recently started trading using a new broking app called Motilal Oswal, which offers margin trading with 0% interest for the first month. Is it halal for me to use the margin trading facility in this case? Additionally, the app offers 0% interest for an extra month on […]

Answered by Shaykh Muhammad Carr Question  I understand that zakat is due on both the invested capital and any accrued profit in fixed-return investments structured under Murabaha. For example, if I invest £10,000 in a Murabaha agreement that yields a fixed profit of £3,000 over three years, my total return will be £13,000. The profit […]

Answered by Shaykh Muhammad Carr Question Some scholars deem crypto perpetual contracts impermissible due to factors such as interest (riba), lack of actual ownership, or their resemblance to gambling. However, if the exchange does not charge interest, the contract mirrors the asset’s price, and the trader employs leverage, stop-loss, and take-profit tools based on thorough […]

Answered by Shaykh Muhammad Carr Question Federal employees can enroll in a Spousal Survivor Pension Plan, distinct from a 401(k). Under this plan, the employer deducts 10% from the retiree’s monthly pension. In the event of the retiree’s death, the surviving spouse receives 50% of the retiree’s pension for the remainder of their life. However, […]

Answered by Shaykh Muhammad Carr Question How can I navigate restrictions on cryptocurrency, forex, and commodities trading in a country where they are banned, while ensuring compliance with both Shari‘a and local laws? Answer In the Name of Allah, the Most Merciful and Compassionate. I hope you are in good health and faith. Thank you […]

Answered by Shaykh Muhammad Carr Question Is it permissible to sell a distressed property at a higher price without owning it, and take the difference as profit while giving the seller their original asking price? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you are in good faith and health. […]

Answered by Shaykh Muhammad Carr Question I’m a day trader, and I only trade Shari‘a-compliant stocks. I do not use leverage and only trade with my deposited amount. Additionally, I don’t hold positions overnight. However, I still need to use a margin account for day trading. The profits on my platform take T+1 to settle, […]

Answered by Shaykh Muhammad Carr Question In my country, there’s a system called ƏDV, which allows people to scan purchase receipts and receive a small percentage of the amount spent as a Value Added Tax (VAT) refund. Some customers decline to take their receipts, so stores often collect and discard them—sometimes by throwing them away, […]

Answered by Shaykh Muhammad Carr Question Can transferring stock to a Donor-Advised Fund (DAF), which sells the stock and issues a check to a Zakat-eligible organization, be used to fulfill my Zakat obligations? Also, when should I make the niyya (intention) for Zakat? Answer In the Name of Allah, the Most Merciful and Compassionate. May […]

Answered by Shaykh Muhammad Carr Question I pay an evaluation fee to trade on a simulated forex account. I am granted a simulated funded account to trade CFDs if I reach the profit target. I do not incur any financial losses—the firm bears them. When I make a profit, I receive a payout, which is […]

Answered by Shaykh Muhammad Carr Question I had to take out a loan to pay for new flooring. I had the money to cover the payment from my salary, but one of my parents withdrew funds from my bank account without my knowledge. This caused the flooring company’s direct debit to fail, and they are […]

Answered by Shaykh Muhammad Carr Question A man invested in my cryptocurrency trading business, fully aware of the associated risks. We agreed to split any profits equally. There was no verbal or written agreement categorizing the investment as a loan or stipulating any obligation to repay it. During his lifetime, he accepted the incurred losses […]

Answered by Shaykh Muhammad Carr Question I bought a council property with my dad as a joint tenant with a 66% discount from the seller. I paid the full purchase price. My dad did not contribute to the purchase. I intended to buy it to please my father, allow my siblings to live rent-free, and […]

Answered by Shaykh Muhammad Carr Question I run a small business selling products on Amazon and am seeking guidance on how to calculate zakat for my merchandise and overall business situation. Currently, I have an existing product listed on Amazon, and additional inventory is on its way from China. I have only made a partial […]

Answered by Shaykh Muhammad Carr Question A small portion of my pension was initially invested in impermissible funds. Can I purify this amount now by removing an equivalent sum from my savings or other investments? Or must I wait to access the pension before removing the amount? I began contributing to my pension several years […]

Answered by Shaykh Muhammad Carr Question I intend to earn a livelihood by offering typing and design services through the Fiverr platform, which facilitates freelance work. Fiverr deducts a 20% commission from each payment I receive. For instance, if a client pays $5, Fiverr retains $1 as its service fee. Is it permissible to work […]

Answered by Shaykh Muhammad Carr Question In 2007, a house inherited from the father was sold for $100,000. The younger son took $30,000 from the proceeds, whereas his rightful share was $20,000, meaning he took $10,000 more than he was entitled to. At the time, this excess amounted to 10% of the property’s total value. […]

Answered by Shaykh Muhammad Carr Question What should a woman do if she owes zakat on her mahr and gold but can only pay in small monthly installments? Answer In the Name of Allah, the Most Merciful and Compassionate. Allah says, “Accept charity offerings from their wealth, cleansing them and making them grow thereby to […]

Answered by Shaykh Muhammad Carr Question I’ve been in a complicated situation involving a Ponzi scheme and a credit card refund. I was scammed out of an initial investment of £88,000, but later received a refund of £112,287 from American Express, which included an excess of £24,608.53. I also received £43,000 from the scam over […]

Answered by Shaykh Muhammad Carr Question The company offers a service for buying and selling gold online, with storage in a secure, collective vault. Customers can either buy and hold the gold, with free storage for holdings up to €10,000, or use the “GoldAvenuePay” e-wallet for instant transactions. All purchases are provided with a certificate […]

Answered by Shaykh Muhammad Carr Question The service enables clients to purchase and store gold within a pooled vault system, wherein identical products are collectively stored to optimize space utilization. The gold bars are not assigned individual serial numbers; however, each unit is physically present and fully allocated to the respective client’s account. The provider […]

Answered by Shaykh Muhammad Carr Question Person A gives $100 to Person B with the instruction to purchase a specific item for Person B’s own use. Person B then buys the item for himself using the $100. Afterward, Person A demands $200 from Person B as a condition for facilitating this purchase. Is this transaction […]