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Individual

These answers are the personal opinions of the authors and do not necessarily represent the opinion of every member of the Fiqh Council.

Are Stock Options Halal?

Are stock options halal? Trading options, including covered calls and cash-secured puts, is impermissible because the premium is paid for a bare right that is not property. Employee stock options granted as compensation are permissible.

Are Credit Cards Halal?

Are credit cards halal? Obtaining and using a conventional credit card is permissible for a Muslim who reliably pays the full statement balance by the due date, so that no interest or late penalty is ever incurred. It is impermissible for anyone who carries a balance, takes cash advances, or uses fee-bearing balance transfers. Cashback, points, and miles are permissible.

Zakah on Sukuk

Question: How much Zakat do I owe on my Sukuk? Answered by: Shaykh Umer Khan In the Name of Allāh ﷻ, the Most Merciful, the Most… Read More »Zakah on Sukuk