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 […]

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 […]