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Guest Impressions

N.B. Rulings are given in accordance with the Hanafi school of thought

Business

trade programQ: I work in a software house as software engineer. We build software product for NYSE, CBOE etc. The product is used to create orders for equity and options.  There are also other functions in the system as well related to the trading.

tobaccoQ: What does Islam say about tobacco/cigarette based business/job?

forexQ: I am interested in the Forex SPOT trading business and would like to know if it is Halal. The trading that I will be doing will be as follows:

Working in Islamic BanksQ: I am a chartered accountant by profession and have been facing a dilemma. During my article-ship (on job training) I have been mostly posted at different types of financial institutions.

MTN Zakhele sharesAfter due consideration of the MTN Zakhele share offering and consultation with Ulama our considered opinion is that the said share offering is not in conformity with Shariah principles, largely based on the fact that the offering is structured on the basis of interest based funding that is prohibited in the Shariah. Accordingly, it is not permissible to invest in this offering from a Shariah perspective.

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