Transactions

October 2, 2023 2 mins

Am I Allowed to Pick Up a Finance Plan for a Laptop?

Answered by Shaykh Abdul-Rahim Reasat Question Am I allowed to pick up a finance plan for a laptop where there is no interest for 18 months and I am certain I will finish it before the 18 months.  Also, if someone lost an employee who left his watch a few months back and has not […]
September 29, 2023 1 min

What is the Ruling on Advanced One Month Rent and Increasing Rent Each Year?

Answered by Mawlana Ilyas Patel Question What is the ruling on charging last month’s rent and having a tenant pay the top each year when the rent increases? Would that be considered interest if the tenant is paying/adding to the amount he has kept as a loan? Answer In the Name of Allah, the Most […]
September 26, 2023 2 mins

Is It Hoarding When There Is No Scarcity?

Answered by Shaykh Abdul-Rahim Reasat Question I belong to a farmer family. Here if we sell our rice grain just after getting it we will face huge loss, so we delay its sale to avoid that loss. There is no scarcity of rice here in India. Is this hoarding? Answer I pray you are well.  […]
September 24, 2023 2 mins

Is Forex Trading Halal?

Answered by Shaykh Abdul-Rahim Reasat Question Is forex trading halal or not? In my research, I found out that there are some conditions where forex trading is halal like: If the currency you exchange with, you have full ownership rights over it. It shouldn’t be imaginary. While in most forex brokers, this is done in […]
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