Finance & Transactions

Q
DISTRIBUTION OF DECEASED AUNT’S REMAININGS
MY AUNT EXPIRED WITHOUT CHILDREN AND I / MYSELF, BEING A FOSTER SON NEEDED TO DISTRIBUTE THE REMAININGS OF MY AUNT WHICH INCLUDE CASH, JEWELLERY, FURNITURE, CLOTHINGS & ETC., PLEASE GUIDE AS PER HANAFI MASLAK / MADHAB TO WHOM I SHOULD DISTRIBUTE
September 12, 2019
Answered by Mufti Ismail Moosa
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Q
Sharia compliant tax saving schemes in India
Assalam walekum. I am from India and I work as a software engineer. Every month tax is deducted from my account. In order to save tax I have to invest in many tax saving government schemes. Q1) Can i invest some of my money in ELSS. ELSS is a scheme where every month you invest…
September 12, 2019
Answered by Mufti Ismail Moosa
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Q
Delivering Haram Food
The customer places an order from a restaurant through the business website or app. The business offer a delivery service for the customer as the restaurant does not deliver. The business charges for delivery. The business pays for the food when they pick it up for the customer. So the customer orders it then the…
August 24, 2019
Answered by Mufti Ismail Moosa
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Q
Shariah distribution of property
Assalaam waalaikum, Curious to know answers for below questions : 1) My Grandfather deceased 29 years ago and he left some property what is the ratio of division to 1) married son 2) married daughter 3) grand son and grand daughter when son is deceased 2) My Grandmother deceased 20 years ago and she left…
August 22, 2019
Answered by Mufti Ismail Moosa
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Q
Islamic home finance
I am looking into the option of Islamic Home Finance in Canada. Currently considering 1. Aya Financial http://ayafinancial.com 2. Zero Mortgage http://www.zeromortgage.ca/ 3. IjaraCDC https://ijaracdc.com 4. Manzil https://manzil.ca/ I have three questions: 1. In all the models and contracts followed by all companies all loss and gain is passed to the buyer. Without sharing loss/gains…
August 22, 2019
Answered by Mufti Ismail Moosa
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Q
Lease option agreement
Is lease option agreement is halal. WHAT IS A LEASE OPTION? A lease option is a legal agreement that allows you to control a property and generate income from it, with the right (but not the obligation) to buy it later. It's actually two separate agreements bundled into one, and it's easier to understand when…
August 21, 2019
Answered by Mufti Ismail Moosa
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Q
Inheritance rules on mother’s earnings
Asalaamalaikum warahmatullah, I would like to ask a question regarding inheritance especially in the modern day and age where women are now also more often then not, earning money from their own occupations. I know in Islam traditionally a boy receives 2 shares and a girl 1, however is that purely on inheritance from their…
August 21, 2019
Answered by Mufti Ismail Moosa
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Q
Is it OK for a software developer to work on bible app/softwre ?
AOA, I am a mobile application developer, i have been working on a bible mobile app from years. From couple of days i am having feeling that being a Muslim i should nothave done this. Please guide me, is it wrong ? for sure i will immediately stop doing if this is not good but…
August 21, 2019
Answered by Mufti Ismail Moosa
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Q
Buyback option for a plaza shop
Party 1 is building a plaza and selling a shop to party 2 for $100,000. The plaza will be ready in 2.5 years. Party 2 will pay full payment of the shop now. Party 2 has the option to sell the shop back to Party 1 after 2 years and before 2.5 years at $115,000.…
August 21, 2019
Answered by Mufti Ismail Moosa
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Q
Arranging finance
Can you please advise on the following, I run a business selling cars, the business was started with money saved up, not with a loan. We arrange finance at the request of the customer, we do not provide the loan for the vehicle the finance company does, we don't take any commission of the loan…
August 21, 2019
Answered by Mufti Ismail Moosa
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