Imam al-Nawawi said in al-Majmu’ (9/68):“The ummah has agreed that it is permissible to eat cheese so long as it is not mixed with anything impure, such as adding rennet […]
Islam deals with women on an equal footing with men. At the same time, Islam pays much more attention to protecting women against any harm. Women riding bikes, cars, and […]
The word music is very fluid nowadays. There was a debate among classical scholars in the past about the permissibility of listening to music. The debate was about pure sounds […]
Is It permissible for my daughter to forsake her father’s presence and consent to her Nikkah since he is an abusive or just a negligent father?
Islamically, the father has to be informed and has to be the one to agree to marry his daughter to this suitable young man. If and only if the father […]
Below, please find the summary of the Islamic Economic Forum’s Declaration on Bitcoin: Islamic Economic Forum (IEF) is a specialized group on WhatsApp founded by Sheikh Muhammed Khalid Hasani from […]
No. Some IRAs (like Roth IRAs) have their contributions taxed and because of this are penalty-free; so they work differently than 401(k) and non-taxed IRAs. At age 59-and-a-half, after one […]
What if a person owes Zakat to a retirement account but does not have the cash liquidity to pay from their available wealth?
The Fiqh Council of North America has ruled the following on this topic:If one’s due Zakat payment on such an account exceeds what one has the means to pay from […]
Scholars who contend that one must pay Zakat on restricted accounts hold that one can, in fact, withdraw from a restricted account, even if one incurs a penalty, fees, and […]
Scholars differ in their opinions on this topic:Some scholars say, no Zakat due if the account imposes restrictions and penalties on one’s use and withdrawal of its funds arguing that […]
Yes, if one has full, free access to the account.
The scholars have differed on zakah due on 401(k) and adopted four main opinions: 1. Some have considered the zakatable amount to be that after subtracting penalties and taxes that […]
The 401k structure itself is not problematic, rather the underlying investments are what determine permissibility from a religious perspective. You might consider checking with your company if they offer a […]