Is the Bounce Back Loan Scheme (BBLS) Shariah Compliant?
Question: Is the Bounce Back Loan Scheme (BBLS) Shariah Compliant? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The […]
Is Retail Forex Trading Shariah Compliant?
Question: Is Retail Forex Trading Shariah Compliant? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: Retail conventional […]
What should be done with surplus proceeds upon the sale of a collaterised asset?
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 Most […]
Does a Valid Sale Require Price Display?
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 ‘alaykum […]
Is the Teachers’ Pension CARE Scheme Permissible?
Question: Is the Teachers’ Pension CARE scheme permissible? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: It […]
Is The Lifetime ISA Shariah Compliant?
Question: Is The Lifetime ISA Shariah Compliant? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: As long […]
Indexation, Inflation and Investing in NS&I Index Linked Certificates
Question: Index-linked-saving certificates: These are on sale intermittently and for a term of 3 or 5 years. At the end of the term one can cash […]
Is The Pockit Prepaid Mastercard Shariah Complaint?
Question: Is The Pockit Prepaid Mastercard Shariah Complaint? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: The […]
Are Multiple Hire Agreements Valid and Shariah Compliant?
Question: We have a business of car rentals. We have vans which we lease out to different customers. Some vans are booked multiple times on the […]
The Principles of Profit-Sharing in Islamic Finance
Question: We are starting a business and need some guidelines on profit sharing. Can you kindly advise how profit sharing works in Shariah? In the Name […]