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Tag - finance

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My father passed away three years ago, and the financial responsibility of the household has fallen upon me and my brother. My family is asking me to take an interest-based loan to pay for my younger sister’s college tuition, even though I cannot afford it and I am still recovering financially. Is it permissible for them to ask me to take a loan with ribā? Is it fair for them to demand more than I can handle? Is it permissible to buy a house through ribā when renting is possible? And is it permissible for my brother to manage a gas station where alcohol is sold?
I invested $2,000 in a small business. The agreement was that I would receive 1% of all sales until I receive my original $2,000 plus an additional 50%, meaning a total of $3,000. Is this arrangement permissible in Islam, or is it effectively a workaround for interest (ribā)?
A Muslim expresses a sincere desire to perform ‘Umrah, but currently works in a field related to finance and the cannabis industries, which often include impermissible elements under Islamic law. The work supports two families, and leaving it would create financial hardship. Given these circumstances, is it appropriate to perform ‘Umrah? What advice can help ensure sincerity and that the journey is pleasing to Allah ﷻ?
Is it permissible to receive cash back from a credit card company?
Are all IRAs restricted like the 401(k) with the same Zakat rulings?
What if a person owes Zakat to a retirement account but does not have the cash liquidity to pay from their available wealth?
What is the argument for paying Zakat on restricted accounts?
Do we pay Zakat on 401k before the due date matures?
Is it permissible to purchase a house if the seller and the lender are the same entity?
What is the Islamic ruling on options contracts on shares/stocks?
Is it permissible to sell the meat of the Udhiyah?

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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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