Transactions

February 1, 2024 2 mins

Can I Accept a Percentage of Received Income as Tip and Gift Through My Account?

Answered by Mawlana Ilyas Patel Question I have a friend who uses my bank account to receive Zelle money from his customers to provide them a service of helping them with some of their university classes that are offered fully online. After the payment comes to my account for his service, he helps college students […]
January 23, 2024 10 mins

Is It Permissible to Impose Late Payment Fees on Customers?

Answered by Shaykh Ahmed al-Ahmed Question Is it permissible to impose late payment fees on customers for installment payments? Answer In the name of Allah, and all praise is due to Allah, and prayers and peace be upon the Messenger of Allah. When a debtor delays repaying his debt at the specified time, he causes […]
January 19, 2024 2 mins

Is Crowdfunding for a Startup Permissible in Islam?

Answered by Mawlana Ilyas Patel Question I am the creator of a startup. I need to raise money in order to facilitate the growth of my company. I would like to launch a campaign to collect donations from Muslims worldwide. Is this allowed? In addition, I’d like to make the donations on a Crowdfunding platform […]
January 18, 2024 2 mins

It is Permissible to Write Assignments Daily and Get Payment For It?

Answered by Mawlana Ilyas Patel Question Is it halal to write an assignment and get paid daily depends on the registration if you have registered 1000 rupees, you will get 100 daily, and so on. Please let me know if it is halal. Answer In the Name of Allah, the Most Merciful and Compassionate I […]
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