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RafiqQuestions

المعاملات

Money and work

01 What is riba (interest), and why is it haram? Riba is any stipulated increase taken without a lawful exchange — most recognisably interest charged on a loan — and it… 5 sourcesRead 02 Can I keep my money in an interest-bearing savings account? No — an interest-bearing savings account is not permissible. The scholars are clear that the interest such an account… 6 sourcesRead 03 What should I do with interest money I have received? Interest money is not yours to keep and not yours to spend on yourself — it must be disposed of. If you took it knowing… 4 sourcesRead 04 Are credit cards haram? A credit card is not haram in itself — what decides the ruling is whether the card's contract carries a riba (interest)… 6 sourcesRead 05 Are student loans haram? A student loan that carries interest is riba, and riba is forbidden — this is the position of the Permanent Committee… 6 sourcesRead 06 Is insurance haram? Commercial insurance is not permitted in Islam. This is the position of Shaykh Ibn Baz, Shaykh Ibn Uthaymeen, Shaykh… 6 sourcesRead 07 Is investing in the stock market halal? Investing in the stock market is permissible in principle, provided the company's core business is lawful and it does… 4 sourcesRead 08 Is forex trading halal? Forex trading is not forbidden in itself — the scholars' ruling turns entirely on how the trade is structured. IslamWeb… 9 sourcesRead 09 Is playing the lottery haram? Playing the lottery is haram. It is a form of maysir (gambling), which Allah forbade in the Qur'an and which the… 4 sourcesRead 10 Can a Muslim work in a conventional bank? Working in a conventional interest-based bank is not permitted, and this is the position of Shaykh Ibn Baz, the… 7 sourcesRead 11 Can I work at a place that sells alcohol or pork? It depends on what your job actually involves. If you would sell alcohol or pork, carry it, serve it, or help someone… 9 sourcesRead 12 What is murabaha? Murabaha is a sale in which the seller tells the buyer the price he paid for the goods and then sells them on for that… 1 sourcesRead 13 Is buying on instalments allowed when the price is higher than cash? Yes — buying on instalments at a price higher than the cash price is permitted, and this is the position of the… 6 sourcesRead 14 What does Islam say about debt? Debt in Islam is a serious obligation, not a casual arrangement: the debtor must repay what he owes, and the scholars… 5 sourcesRead 15 How is inheritance divided in Islam? Inheritance in Islam is divided according to a fixed system Allah set out in the Qur'an: each heir receives a share… 1 sourcesRead 16 How does an Islamic will (wasiyyah) work? A wasiyyah (an Islamic will) is a bequest of up to one third of your estate, made to someone who is not already an… 3 sourcesRead 17 Is dropshipping halal? Dropshipping is permissible in principle but usually not in the form it is practised, because the standard model has… 6 sourcesRead 18 Is multi-level marketing (MLM) halal? Multi-level marketing — network or pyramid marketing — is not permitted in its usual form. IslamWeb has ruled it… 7 sourcesRead 19 Is giving a bribe ever allowed? Giving a bribe is forbidden in principle — it is one of the major sins, and the Prophet ﷺ cursed the one who gives it… 6 sourcesRead 20 Can I sell something I do not own yet? No — you cannot sell something you do not yet own. The Prophet ﷺ forbade it in explicit terms, and the scholars across… 6 sourcesRead

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