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Category - Financial Transactions

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<strong>Are all IRAs restricted like the 401(k) with the same Zakat rulings?</strong>
<strong>Are all IRAs restricted like the 401(k) with the same Zakat rulings?</strong>
<strong>Are gifts and cash incentives offered by banks to account holders Islamically permissible?</strong>
<strong>Are student loans Islamically permissible?</strong>
<strong>Can I give the interest money to relatives/friends of mine who are considered poor? And do I have to inform them?</strong>
<strong>Can I use the interest money to pay my student loan or my utility bills?</strong>
<strong>Do we pay Zakat on 401k before the due date matures?</strong>
<strong>Do we pay Zakat on 401k before the due date matures?</strong>
<strong>Is investing in 401k permissible in Islam?</strong>
<strong>Is investing in 401k permissible in Islam?</strong>
<strong>Is it allowed for me to use the interest money accumulated in my bank account?</strong>
<strong>Is it permissible in Islam for a person to take a loan on his own 401k and pay it back with interest?</strong>
<strong>Is it permissible to invest in Cryptocurrencies, specifically Bitcoin?</strong>
<strong>Is it permissible to purchase a house if the seller and the lender are the same entity?</strong>
<strong>Is it permissible to transfer an interest-based debt to a non-interest based debt or to a 0% interest rate debt, so the interest can be reduced or eliminated? If permissible, can I do it for one of my family members using my card?</strong>
<strong>Is working at a bank Islamically permissible?</strong>
<strong>Is Zakat owed on retirement accounts, such as a 401(k)?</strong>
<strong>Is Zakat owed on retirement accounts, such as a 401(k)?</strong>
<strong>Should a long-term debt be returned on the due date for the amount previously borrowed or its current value today?</strong>
<strong>What can Interest/impermissible money be spent on? Can you give interest money to charity in Islam?</strong>
<strong>What if a person owes Zakat to a retirement account but does not have the cash liquidity to pay from their available wealth?</strong>
<strong>What if the 401(k) account imposes restrictions and penalties if withdrawn prematurely?</strong>
<strong>What if the 401(k) account imposes restrictions and penalties if withdrawn prematurely?</strong>
<strong>What is the argument for paying Zakat on restricted accounts?</strong>
<strong>What is the argument for paying Zakat on restricted accounts?</strong>
<strong>What is the best way to get rid of the interest money?</strong>
<strong>What is the Islamic ruling on buying additional warranty coverage for electronic products?<br>Also, is it permissible to work at a store that sells these extended warranties?</strong>
As the majority of graduate programs provide unsubsidized loans, AMJA deems this impermissible due to the loan pertaining interest. The link states that unsubsidized loans are haram based on their own merit and can only be permissible in a state of necessity. The article then states that further investigation is needed as it has not been determined the point in which university education can be considered a necessity that allows for interest bearing loans. My question is where to go from here? I want to achieve higher education to provide a sustainable life for myself and future family insha Allah and not being able to have the means to do so because of America's interest system is saddening. Do Muslims that want to achieve a higher education but cannot afford it just stop going to school? How do Muslims work towards the positions in which they feel they can make a difference if interest based loans are preventing them from receiving the credentials society deems needed to be in those careers?
Can I make permenant charity (Sadaqa) for my late husband?
I have a question regarding refinancing my home. I bought my home from a builder then as expected they sold the loan to another loan company after few months. Now with the interest rate is lower than before, is it permissible to do refinancing from same lender I am with or another lender to reduce my payment?
if there is a way he can donate the weight of the baby's hair in actual gold instead of cash?
In Islam, if you borrow money from someone you are required to pay them back. What if someone offers to buy you something and they say that you do not have to pay them back? Are you still held accountable for paying back that debt, even if the person says that you are not required to?
Is investing in the stock market permissible in Islam?
Is it haram to shop for your son for clothes online?
Is it haram to shop online for your husband (in regards to clothes)?
Is it permissible to issue a credit card and is the ruling on accepting cash rewards?
is it permissible to receive money from online jobs that pay you to take surveys? Many sites pay you to give your opinion on a product or take a survey.
Is using a credit card to fund my Umrah trip permissible in Islam?
Should I take the interest money accumulated in my bank account, or should I leave it to the bank?
What is the Islamic ruling on options contracts on shares/stocks?
Is it permissible to buy or sell something at a specific price at a specific time; for example, to agree with someone to sell something for ten dollars on the thirty-first day, where my profit or loss will depend on the price of this thing at that time, and the same applies to buying? 
Is it permissible to receive cash back from a credit card company?
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الَّذِينَ يُنفِقُونَ أَمْوَالَهُم بِاللَّيْلِ وَالنَّهَارِ سِرًّا وَعَلَانِيَةً فَلَهُمْ أَجْرُهُمْ عِندَ رَبِّهِمْ وَلَا خَوْفٌ عَلَيْهِمْ وَلَا هُمْ يَحْزَنُونَ

Those who spend their wealth in charity day and night, secretly and openly—their reward is with their Lord, and there will be no fear for them, nor will they grieve.”
– The Holy Quran 2:274

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