Transactions

March 25, 2023 2 mins

Can I Ask PayPal for a Refund If I Receive Defective Goods and the Store Doesnâ€...

Answered by Mawlana Ilyas Patel Question I placed an online order and received defective items, but the store has not responded; can I get my money back from PayPal? Is it permissible to request a refund from PayPal if a store does not respond? Answer In the Name of Allah, the Most Merciful and Compassionate. […]
March 18, 2023 2 mins

How Should Interest Money Be Disposed Of?

Answered by Mawlana Ilyas Patel Question I have about £415, which is earned through interest. This has been invested in the stock market, and I know we should dispose of interest money by giving it to charity. My question is if in my wages, if I get to £415 and donate it, will my wealth […]
March 16, 2023 3 mins

Is It Obligatory To Support My Husband To Repay His Debts and Not Spend on My Ne...

Answered by Mawlana Ilyas Patel Question My husband owes 30,000 dollars to creditors. They have put a lot of interest charges on it. We have stopped paying back with interest which they haven’t accepted. Something we can afford. I want to buy a car for myself. Is it a halal purchase while my husband owes […]
March 10, 2023 2 mins

What Is the Ruling on Call/ Put Options If They Are Shari’a Compliant?

Answered by Mawlana Ilyas Patel Question I’ve been confused about this for a while because most Ulama opines that exercising call/put options is haram. But what about buying option contracts when one’s analysis of a stock predicts that the price of that stock will rise, thereby increasing the premium (cost) of its call options? So, […]
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