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… Read More »Interest-Bearing Student Loans in the United States of America
Question: Are credit cards permissible to obtain and use? Answered by: Shaykh Umer Khan Summarized answer: Obtaining and using a conventional credit card is permissible… Read More »The Permissibility of Credit Cards
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
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… Read More »Zakah on Stocks
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.
Shaykh Umer Khan Originally published in Aghaz Insights. History And Need Founded in 1606, Virginia Company was one of the earliest joint-stock companies. The idea… Read More »Halal Stock Investing: Shariah Standards Explained
AUTHOR: Dr. Zulfiqar Ali Shah بسم الله الرحمن الرحيم Islamic Economic Forum’s Declaration on Bitcoin No. 1/2018 Dated. 11/01/2018 الحمد لله رب العالمين، والصلاة والسلام… Read More »Islamic Economic Forum’s Declaration on Bitcoin
AUTHOR: Dr. Jamal Badawi I. INTRODUCTION There are nearly 1.3 Billion Muslims worldwide; about one fifth of the total world population. As is the case with… Read More »Islamic Business Ethics
Question: Is it permissible to buy and sell Bitcoins? And if so, what are the rulings that apply to such transactions? Answer: All praise is… Read More »Regarding the Islamic Ruling on Bitcoins
The Unites States government passed the Coronavirus Aid, Relief, and Economic Security Act [CARES Act] on March 26, 2020 which allocated $2 trillion to help… Read More »Is an Interest-Bearing Loan announced by US Government under CARES Act Permissible according to Shari’ah?
