Interest & Islamic Finance

Asalam-o-Alykum, I live in Sydney Australia with my wife and two kids. I am interested to buy a house, but as we know Interests is haram in Islam. But I see many muslims buy properties through bank loan and mortgage which includes interests. Is it permissible? For me it’s only been 6 years now in…

I would like to know ruling in Islam of invest in share / stock market

Aslam o alikum.. Sir I have very important questions to ask about use of interest money... I work in restaurant where I have to give 1 riyal on every 100 riyals of sales I do as a tip share to company. Means if I do 3000 sales I have to give 30 riyals every day…

Aslamo-alaekum. As we all know 'Riba/Usury' is 'Unjustified increment in borrowing or lending money, paid in kind or in money above the amount of loan'. If someone takes loan ($1000) from you and pay you back the same amount which is ($1000) after one year, but he offers you some 'FREE SERVICES or BENEFITS' during…

Assalamu’alaikoom Ya Mufti, Please kindly explain to me why a conventional loan annuity interest that is originally Haram due to Riba can change to Halal after the said interest is converted to Ujrah and the said Loan Transaction is converted to the ‘Aqad Ijarah. Jazakallah khair.

Assalam-O-Alaikum, Is it permissible to teach Finance (this would include teaching about interest and how to use it for calculations)? Also, is it permissible to do academic research in Finance (research may be on bonds or other interest bearing instruments and even if it is not directly related to interest bearing instruments, using interest rate…

With reference to my earlier question 1079, one solution given is that sign the rental contract first, and then sales contract, but how can i sign the rental contract and lease to someone , when i do not own that asset ?. Isnt the proper way to buy first and then rent out.

Assalum a Alaikum Mufti Sahib, The answer to this question will not only help me but many others also. I have an opportunity to buy a hotel apartment in Pakistan.In technical terms it is called "sell and leaseback" deal .The scheme works like following: 1. I will buy the hotel apartment at price X. However…

Dear Mufti sab - I am a freelance consultant in the field of finance and related services, the nature of my work is such that I am registered with few recruitment agencies, from time to time these agencies send me to various clients to do certain work, the duration of the work is normally 3-6…

Assalaamu Alaikum, I just wanted to know what your opinion is with regards to the Halal mortgage products provided by Aya Financial and Zero Mortgage in Canada. Whether or not, they really are Halal and Shariah compliant? If your findings suggest that they are not Halal, do you have any other suggestions for Halal options…