Is the Islamic Account Offered by Lloyds Bank Shariah Compliant?
Question: Does the Islamic (current) Account offered by Lloyds Bank contain interest and is it permissible? In the Name of Allah, the Most Gracious, the...
Is The Profit and Loss Account Used For Zakat Calculation?
Question: Is The Profit and Loss Account Used For Zakat Calculation? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi...
Can I Open an Interest bearing Bank Account in Order to Donate the Interest to Charity?
Question: Can I Have an Interest bearing Bank Account in Order to Donate the Interest to Charity? In the Name of Allah, the Most Gracious,...
Are Overdraft Facilities in Bank Accounts Permissible?
Question: Are Overdraft Facilities in Bank Accounts Permissible? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer:...
Is Zakat payable on Fixed Term Deposit accounts in Islamic Banks managed under Wakalah?
Question: Is Zakat payable on Fixed Term Deposit accounts in Islamic Banks managed under Wakalah? In the Name of Allah, the Most Gracious, the Most...
Are Deposits Held in an Offset Mortgage Account Subject to Zakat?
Question: Are Deposits Held in an Offset Mortgage Account subject to Zakat? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum...
Are ISAs Shariah compliant?
Question: Are ISAs Shariah compliant? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: Individual Savings Account...
Is it permissible to benefit from the incentives offered for switching to a Reward Current Account with Halifax?
Question: Is it permissible to benefit from the incentives offered for switching to a Reward Current Account with Halifax? In the Name of Allah, the...
Is the Rewards Account in Natwest Bank Shariah compliant?
Question: Is the Rewards Account in Natwest Bank Shariah compliant? Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi...
How would a couple calculate Zakat on a joint account?
Question: How would a couple calculate Zakat on a joint account? Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum...
Can a traveller who was robbed accept zakāt funds if he still has access to his bank account?
Question: A traveller (musāfir) was robbed whilst travelling and lost the means of his return home. He has wealth equal to nisaab in his own...
