Finance & Transactions

As salam alaikum I have been making SIP payments to a few 100% equity based mutual fund in India since 2019. Recently I learned that its prohibited to invest in mutual funds that deal with banking and financial institutions, as they rely on riba. Since then I have stopped my monthly payments in those funds.…

Assalamu alaikum ua rahmatullahi ua barakatuh dear mufti saab! Could you please clarify what next excerpt meant in question Ref-No#: 202 (25 Feb 2018): Yes, payment should be done for the raw material which was used to make up that item. https://fatwaa.com/throwing-away-haram-items-owned-someone-else/

Two questions 1) can I sell what is not in my possession, hereunder is two scenarios A) i am an agent for a company, if someone orders from their catalogue via me and pays me immediately before I order and pay (normally o pay with my credit card or eft before goods are dispatched and…

A person died without donating or writing any will before, so French rules of inheritance applied. (which obviously differs from sharia rules) She left a husband, 5 adult daughters, many grand children, 3 adult brothers and a mother. According to our calculations, her effective Wuratha are : her husband (23%), her 5 daughters (12,3% for…

My business is about "sneakerbotting". There is a big and hyped market of sneakers, that are very sought after, but due to the supply of those specific shoes, being very low, there is a high demand, hence why it is profitable to buy and sell those shoes. But due to "sneakerbotting" being a popular business,…

Assalamu Alaikum Warahmatullahi Wabarakatuhu, Respected Mufti Saheb, I pray all is well Insha’Allah. Recently, we had a family approach us regarding certain inheritance issues after the passing of the husband/father. Hereunder, I will explain the current situation and the family’s concerns. Your input and assistance in this matter will be greatly appreciated. The husband/father has…

I own a business in the UK and wish to donate a portion/percentage of my profits to charity. With this in mind is there any guidance in the Quran and Sunnah as to what would be considered an optimum amount? I came across the hadith below and was wondering whether we could derive the following…

A person sells accommodation. Assalaamu Alaykum w.w. Can you please give me the ruling on the following. If someone bought accommodation as in timeshare etc and wants to cancel, can a 50% cancelation fee be charged? If yes, if we are able to resell the accommodation, can we then state that a full refund will…

Assalamualikum wa rahmatullahi wa barakatu Muftisaheb I have a question regarding the R350 social distress grant as offered by the South African government, please. 1) Please can muftisaheb advise whether it is permissible for an individual who is unemployed but whose needs and wants are taken care of, and who doesn't have any expenses, nor…

‎السلام عليكم  و رحمة الله و بركاته Through your experience, what’s the proper and most convincing answer to give to a dunyawi minded person / family members when they ask how will you earn money if you become an Alim? ‎جزاك الله خيرا