Jobs and Income

March 31, 2024 3 mins

How Does Islamic Banking Differ from a Regular Home Loan?

Answered by Shaykh Muhammad Carr Question How does an Islamic banking loan differ from a conventional one? Despite choosing methods like Murabaha or Diminishing Musharaka, the repayment seems similar, leaving me apprehensive. Could you clarify how Islamic banking avoids interest despite repayment amounts exceeding the borrowed sum? Answer Thank you for your question. May Allah […]
March 31, 2024 3 mins

Is My Income Unlawful if Some of My Employer’s Wealth is Earned Unlawfully? 

Answered by Shaykh Irshaad Sedick Question  I am currently working for a non-Muslim family member from time to time. But now that he has received rent from an alcohol company that is renting a place on his farm. My job consists of permissible stuff like watering plants and other similar tasks. Are my earnings lawful […]
March 30, 2024 3 mins

Can One Book Invoices at a Higher Price than What It is Sold?

Answered by Shaykh Muhammad Carr Question Is it permissible to book clothes at higher prices than their size at my laundry company job? If I comply, am I considered a betrayer or accountable for violating human rights? Answer In the Name of Allah, the Most Merciful and Compassionate I pray you are in good faith […]
March 30, 2024 3 mins

Will I Be Sinful for Approving Riba-Based Loans?

Answered by Shaykh Muhammad Carr Question Will I be sinful if, as a Board Member of a state-owned company appointed by the Muslim Ruler, I approve riba-based loans despite being unable to reject the appointment due to potential termination from other positions, considering that riba is permitted and the norm in such companies? Answer In […]
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