Interest & Islamic Finance

Salam Dear Shayukh. Thank you so much for offering this service. My question is re: mortgages, but this question is perhaps quite specific to my circumstances. My father lives in a homeless shelter after he separated from my mum, renting via the UK council after he had to sell his home for various unfortunate reasons.…

If someone buys something from abroad with credit card and sells to me. Am I allowed to buy it according to Sharia law?

If you invest in a company and that company pays 8 to 12% of the amount invested according to the profit gained by company, is it interest? Please guide.

Asalam OAlekum I have a credit card which I used for home shopping such as groceries etc. But, I pay back quickly and never had any interest paid until now. There is an interest free duration of 55 days if paid then no interest charge. I know interest is haram so I pay back within…

I had some bank interest which I almost separated from my business account. Is it allowed to give this interest to my son in law?

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…

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…

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…

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.…

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…