Darul Fiqh | Gateway to the Islamic sciences

Research Paper: Retail Forex Trading: Views from the front lines of Islamic Finance

Foreign exchange trading has been one of the fastest-growing activities among private investors in the past 15 years. According to...
Research Paper: Shariah Analysis of Contingent Convertible Bonds (CoCo)

Coco bonds are different to regular convertible bonds in that the likelihood of the bonds converting to equity is “contingent”...
Research Paper: Decoding Compliance of Initial Coin Offerings

Initial Coin Offerings are an innovative way to raise funds by issuing tokens through blockchain technology. The issued tokens can...
Research Paper: The Shariah Factor in Cryptocurrencies and Tokens

Cryptocurrencies have become a buzzword across the world. The potential financial returns from cryptocurrencies have attracted Muslim investors, whilst the...

What should be done with surplus proceeds upon the sale of a collaterised asset?

Posted by Mufti Faraz Adam in Finance, Money & Finance, Q & A

Question: What should be done with extra money received over and above one’s debt when a collateral is sold? In the Name of Allah, the...

What does one need to do if they failed to perform Qurbani?

Posted by Mufti Faraz Adam in Do's and Dont's, Miscellaneous, Q & A

Question: I did not perform Qurbani, what do I do? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh....

Is it Necessary to do an Additional Qadha for a Broken Qadha Fast?

Posted by Mufti Faraz Adam in Q & A, Sawm (Fasting)

Question: I had to make up a fast for Ramadhan which I missed. Whilst performing the Qadha, I had to break my Qadha fast due...

Is it Disliked to Slaughter Qurbani Animals at Night?

Posted by Mufti Faraz Adam in Do's and Dont's, Miscellaneous, Q & A

Question: I was told that the books of fiqh mention it is disliked to slaughter at night. Is there anything wrong with slaughtering Qurbani animals...

Does a Valid Sale Require Price Display?

Posted by Mufti Faraz Adam in Business & Jobs, Money & Finance, Q & A

Question: Is it necessary to display the prices of goods in a shop? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu...

Bitcoin: Shariah Compliant?

Posted by Mufti Faraz Adam in The Library

The concept of money has been evolving across time. Goods, gold, silver, banknotes, electronic money have all played the role of money. The birth of...

Is it Permissible to Invest in a Property Fund and What is the Zakat Liability on Such a Fund?

Posted by Mufti Faraz Adam in Money & Finance, Q & A, Zakaat/Sadaqaat (Charity)

Question: I have invested in a property fund which invests in commercial real estate and rents out these real estate on the high street. The...

Is Zakat Due on Child Trust Funds?

Posted by Mufti Faraz Adam in Money & Finance, Q & A, Zakaat/Sadaqaat (Charity)

Question: Is Zakat Due on Child Trust Funds? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer:...

How Should Raw Materials be Valued in a Business for Zakat?

Posted by Mufti Faraz Adam in Money & Finance, Q & A, Zakaat/Sadaqaat (Charity)

Question: How should raw materials be valued in one’s business? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh....