Finance & Transactions

Q
Payout of the pension fund
Assalamu alaykum, A) If a person had a Compulsory Pension Fund, and he made a bequest that if he passes away before the money can be released, the funds should be given to his ailing mom. Now that he passed away before that, and the Pension Fund made the payout, will the mother be entitled…
February 26, 2018
Answered by Mufti Ismail Moosa
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Q
Purchasing something re-possessed by the bank
Assalamu alaykum Mufti, I would appreciate if you could kindly assist with the following:What is the ruling of repossessed items? Is it permissible to purchase re-possessed items from the bank? What is a person already purchased such items? Thanks
February 26, 2018
Answered by Mufti Ismail Moosa
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Q
Ruling on car insurance
Assalamu alaykum, Is car insurance permissible? If not, will it be permissible to learn how to drive using a car that is insured?
February 26, 2018
Answered by Mufti Ismail Moosa
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Q
Ruling on Selling Newspapers and Magazines
What is the ruling of selling Newspapers, magazines,etc which contains obscene material, gossip or other salacious material? The customers who will purchase these are mostly non Muslims.
February 26, 2018
Answered by Mufti Ismail Moosa
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Q
Sellers knows money is from bank
Assalamu alaykum, If a buyer pays with a cheque, and the seller knows that the buyer Took a loan from the bank to pay for his goods, will it be permissible for him to conclude the deal?
February 26, 2018
Answered by Mufti Ismail Moosa
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Q
Working in an interest-based bank
Assalamualaykum mufti sahib, Is it permissible or impermissible to work in interest based banks in India, such as, State Bank of India, Punjab National Bank, etcetera?
February 25, 2018
Answered by Mufti Ismail Moosa
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