Do we pay Zakat on 401k before the due date matures?
The scholars have differed on zakah due on 401(k) and adopted three main opinions. Some have considered the zakatable amount to be that after subtracting penalties and taxes that would […]
Is investing in 401k permissible in Islam?
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 […]
Is it permissible to issue a credit card and is the ruling on accepting cash rewards?
I pray all is well and may Allah (swt) accept all your good deeds and bless you for your keenness, eagerness, and enthusiasm to learn the authentic Sunnah in following […]
What is the Islamic ruling on buying additional warranty coverage for electronic products?
Also, is it permissible to work at a store that sells these extended warranties?
It is permissible to buy/sell products with a warranty for a specific length of time, and this comes under the heading of a promise or stipulating a benefit for the […]
What is the best way to get rid of the interest money?
One should immediately dispose of it by giving it to a public charity cause, without the intention of receiving a reward for it.It is best to give it to a […]
Can I give the interest money to relatives/friends of mine who are considered poor? And do I have to inform them?
Yes, if the relative/friend is poor or needy, you may give him/her the interest money.No, you do not need to inform them of the source of the money and you […]
Can I use the interest money to pay my student loan or my utility bills?
It is not permissible to pay off your student loan or utility bills with interest money. You cannot use your interest money for any of your personal expenses or spend […]
Should I take the interest money accumulated in my bank account, or should I leave it to the bank?
You should not leave it to the bank, but rather take it and spend it on any public charity project, without the intention of receiving a reward for it. However, […]
Is it allowed for me to use the interest money accumulated in my bank account?
It is not permissible to use the interest money accumulated in your bank account, as this act is considered a major sin. Allah says in Quran ( what could be […]
What is an Islamic Wassiyyah?
Al-waṣiyyah is an integral part of the Islamic law of inheritance. Giving a stipulated fraction out of a Muslim’s Legal estate/Islamic Will willingly to non-heirs while alive is an applauded […]
If all heirs are in full agreement to voluntarily distribute the estate in different shares than what is specified in the Quran, can they do that?
If the heirs agree voluntarily and without any compulsion amongst themselves to share the wealth equally amongst themselves, so that there will be no difference between males and females, this […]
Can one of the heirs give up their rights of inheritance to other deserving members?
It should be noted that inheritance becomes irrevocably part of a person’s property, but if a person wants to give it up after that to other heirs, there is nothing […]
