FAQ Category: Financial

Jazak Allahu khair. Would you explain a little why these insurance companies are haraam and what makes takaful halaal? I live in a muslim country though but the riba and interest are common as food(Allah forbid). Its relating to my field hence i am asking for a some detail. May Allah reward you.

Conventional insurance is when people pay money in a pool, which…

Asalam o alaik brother. Is it halaal to work in a life insurance company?

Wa alaikum assalam sister Ayyesha, conventional insurance is considered impermissible by…

What is the ruling of insurance in Islam???

Conventional insurance where people pay money in a pool, which is…

Assalamu alaykum warahmatullah wa barakatuh… Akh my question is about eid sacrifice, my husband is unable to make sacrifice due to financial constraints, can I give him 1/3rd as sadaqa?

Wa alaikum assalam wa rahmatu Allah wa barakatuh, Sister, as per…

for only introducing two people in your downline. And this process continues but the matching bonus increases as the number of your downline is increasing. I would really like to know the view of Islam on this business.

First off, sorry for the delayed reply.. kindly find your answer…

Okay so when you say all of the money being haram because the business itself is haram, can you give examples of what type of business it must be or what conditions must be met for it to classify as completely haram business?

Anything forbidden in Islam becomes Haram when converted into a business,…

I want to ask you about taking a loan from a family member who earns his money in a haram way, like lying and deceiving to the government and not paying taxes, cheating people to make his business succeed. So in time of need, can I borrow money from him and pay him back the exact amount later on?

First, let us differentiate between deceiving governments/people in making money from…

In UK,university fees are £9000,my parents only earn £16000.It is impossible for us to pay this fees as we already struggle so much financially. Rent is £8400 a year for us. Then food,bills use the rest money, we have no savings.There are loans available for university but with interest of 1.5%

There is a lot more into this.. I know exactly where…

Some companies hold monthly price draws where people who enter the draw, are chosen out of monthly draws to win either products or money. To enter prize draws, the company asks you to complete a survey & when you do, you’ll be entered to the draw. Is it haram to enter these prize draws to win money

It is “very” important to differentiate between two types of competitions/draws…

In UK, all normal banks give interest even on basic accounts. I don’t have credit card because of interest but on my basic debit card account I get about £0.01 interest every month in my bank account. I don’t use it and leave it in my bank and my intention is to never use it. Is this still haram?

The best option is to have a current account, which receives…

Is it bad or greedy/selfish if I make dua for a husband who is wealthy and has enough money to be able to give me and our children a good life without me having to work? I really don’t want to work but money is a huge problem these days so I make dua that Allah gives me a rich husband. Is that bad

It’s perfectly ok, but please add to your Dua that Allah…

About University loans :( Should one take it? Btw, are there any Uni loans that don’t have interest?

No :( I’m so sorry if this sounds unfair.. but you…

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Jazak Allahu khair. Would you explain a little why these insurance companies are haraam and what makes takaful halaal? I live in a muslim country though but the riba and interest are common as food(Allah forbid). Its relating to my field hence i am asking for a some detail. May Allah reward you.

Asalam o alaik brother. Is it halaal to work in a life insurance company?

What is the ruling of insurance in Islam???

Assalamu alaykum warahmatullah wa barakatuh… Akh my question is about eid sacrifice, my husband is unable to make sacrifice due to financial constraints, can I give him 1/3rd as sadaqa?

for only introducing two people in your downline. And this process continues but the matching bonus increases as the number of your downline is increasing. I would really like to know the view of Islam on this business.

Okay so when you say all of the money being haram because the business itself is haram, can you give examples of what type of business it must be or what conditions must be met for it to classify as completely haram business?

I want to ask you about taking a loan from a family member who earns his money in a haram way, like lying and deceiving to the government and not paying taxes, cheating people to make his business succeed. So in time of need, can I borrow money from him and pay him back the exact amount later on?

In UK,university fees are £9000,my parents only earn £16000.It is impossible for us to pay this fees as we already struggle so much financially. Rent is £8400 a year for us. Then food,bills use the rest money, we have no savings.There are loans available for university but with interest of 1.5%

Is it bad or greedy/selfish if I make dua for a husband who is wealthy and has enough money to be able to give me and our children a good life without me having to work? I really don’t want to work but money is a huge problem these days so I make dua that Allah gives me a rich husband. Is that bad

About University loans :( Should one take it? Btw, are there any Uni loans that don’t have interest?

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