JOIN OUR MAILING LIST     facebook    twitter    skype

Guest Impressions

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

Islamic Question and Answers

From the Fatwa Department

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.

Gifts from Riba IncomeQ. My uncle worked for NIT and then for National Bank of Pakistan till his retirement with a golden handshake. All of his life he worked for these groups by his own will and never tried to get another job to avoid riba related activities. Now he has given me some amount from his assets. Is that amount halal for me to take and spent on my family?

Working as an Accountant in a Restaurant Bar and LoungeQ: If someone works as an accountant in a restaurant bar and lounge where people have food as well as alcohol, is their earning halal or haram?

Working as an Insurance AgentQ: I have been offered a position as an insurance agent selling auto insurance which is mandatory in Toronto, Canada. I only provide a quote for coverage but it is not binding. The insurance company does the binding/transaction. Will this be a halal option for me?

Page 14 of 15

What is your question?

GET CONNECTED WITH US       facebook       twitter      skype