Council Fatwas

These answers are approved by all members of the Fiqh Council of North America.

Interest-Bearing Student Loans in the United States of America

Question: Is it permissible for a Muslim student in America to take an interest-bearing student loan to pay for higher education? Summarized answer: Borrowing with

Amount of Fidyah and Zakāt al-Fiṭr

For 2025, the Fidyah amount is recommended to be $15, and the Zakāt al-Fiṭr amount is recommended to be $10.

Giving Zakat for Political Campaigns

Question: Given the reality of what is happening in Gaza, and that one of the most effective ways to help prevent genocide is by supporting politicians

Zakah on Stocks

Drafted by Shaykh Umer Khan. Approved by the Fiqh Council. All praise is due to Allāh ﷻ, and may peace and salutations be upon the Prophet ﷺ. Stocks As a Form

What is the Islamic ruling on investing in stocks?

Investing in common stock of a company is permissible if the company’s main business is permissible, interest-bearing loans are <30% of market value, interest-bearing deposits are <30% of market value, and unlawful income is <5% of revenue. Unlawful income should be purified. Also note that the following are not permissible: preferred shares, margin trading, short selling, CFDs, futures, forwards, options, and other derivatives.

Zakat on Retirement Accounts

Zakāt on retirement funds is an annual obligation due on the withdrawable amount – meaning the amount one would possess if they were to liquidate the account and pay any penalties and taxes.