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Tag - money

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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?

A man was given a sum of money by a non-Muslim, and he performed Hajj and Umrah with it. What is the ruling on his Hajj/Umrah?

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?

What is Fidya of not being able to fast?

Is it permissible to invest in Cryptocurrencies, specifically Bitcoin?

What is the argument for paying Zakat on restricted accounts?

What if the 401(k) account imposes restrictions and penalties if withdrawn prematurely?

Is Zakat owed on retirement accounts, such as a 401(k)?

Do we pay Zakat on 401k before the due date matures?

Is investing in 401k permissible in Islam?

Is it permissible to purchase a house if the seller and the lender are the same entity?

Is it permissible to sell the meat of the Udhiyah?

Are gifts and cash incentives offered by banks to account holders Islamically permissible?

Should a long-term debt be returned on the due date for the amount previously borrowed or its current value today?

Is working at a bank Islamically permissible?

Are student loans Islamically permissible?

Is investing in the stock market permissible in Islam?

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?

What can Interest/impermissible money be spent on? Can you give interest money to charity in Islam?

Is it permissible to invest in Cryptocurrencies, specifically Bitcoin?

Are all IRAs restricted like the 401(k) with the same Zakat rulings?

What is the argument for paying Zakat on restricted accounts?

What if the 401(k) account imposes restrictions and penalties if withdrawn prematurely?

Is Zakat owed on retirement accounts, such as a 401(k)?

Do we pay Zakat on 401k before the due date matures?

Is it permissible to issue a credit card and is the ruling on accepting cash rewards?

What is the best way to get rid of the interest money?

Can I use the interest money to pay my student loan or my utility bills?

Should I take the interest money accumulated in my bank account, or should I leave it to the bank?

Is it allowed for me to use the interest money accumulated in my bank account?

What is an Islamic Wassiyyah?

Can one of the heirs give up their rights of inheritance to other deserving members?

Can a person distribute their estate before they die if there is a legitimate reason?

Do adopted children inherit as biological children?

Is disinheritance of beneficiaries allowed in Islam?

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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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