Money & Finance

Loan from the bank

(#138) السلام عليكم ورحمه الله وبركاته I have a question regarding buying house in NZ with bank loan, i have been told before it is haram but my struggle at the moment that some fatwa say’s haram and other fatwa say’s halal, which is confusing so which should I follow, specially that if i am…

Gem visa & Zakaat

(#129) السلام عليكم    Respected Mufti Sahib,  With regards to long term debts (Gem Visa) where the consumer is given 6 months for certain purchases and some it’s even more months (36, 60 etc). Will all of them be classed as one (long term debt) and just take out only that month’s instalment or will…

Higher Purchase

(#127) Asalamalaikum , can we buy products with the 0% interest deals that shops allow, example noleeming selling phone for 12 months interest free and only $50 service charge, i know i can pay it back before the 12 months with-out getting interest charged. Answer بسم الله الرحمن الرحيم السلام عليكم و رحمة الله و…

AA services

(#126) Salam- is it permissible to take out a car breakdown cover plan such as AA please for the recovery of a vehicle? If not is it permitted to have such a service if included within the purchase price of the vehicle eg most new vehicles include 5 years breakdown cover within the purchase price….

Cryptocurrency

(#125) As Salaamu Alaykum, I would like to find out that What does Islam Say about the Investing in Cryptocurrency? Are we allowed to do trading in Cryptocurrency and if yes what are the ruling attached to it.Jazakallah Khairan   Answer بسم الله الرحمن الرحيم السلام عليكم و رحمة الله و بركاته حامدا و مصليا…

Interest loan

(#123) Salam Mufti  I see your answering questions on Facebook page of Auckland Islamic trust so I would like to get some help in clearing some issues. If a family member wants to buy a house on riba based system from the bank with the intention of renting to us and we say yes to…

Zakaat on shares

(#118) Asalamualaikum Warahmatulah Wabaraktuhu dear Ustad, Kindly request if you can give insight into buying shares and investing in companies on the stock exchange online via platforms such as Sharesies New Zealand (https://www.sharesies.nz/) or Hatch (https://www.hatchinvest.nz/). These are local online platforms that allow you to become shareholders with large companies such as Apple, Tesla etc….

Loan from the bank

(#109) assalamu alaykom: I hope this email finds you safe and well inshaAllah brother. I live in Christchurch and i have a question regarding loans from the bank. I would like to start my own business here in NZ and i am wondering whether it is ok to take a loan from a NZ bank…

Car dispute

(#108) Asalamalaykum Ustaad this is the question  Seller: zayd – Buyer : amr I zayd have driven my car for approximately 3-4 months the car has driven long distances and was in good condition I wanted to tell my car so I gave it to amr to sell on my behalf at his car yard ,…

Pet insurance

(#107) Asalamualaikum Warahmatullah Wabarakatuhu dear Shaykh, I pray this email finds you well Inshallah Me and my wife own two cats Alhamdullilah. We had a quick question about Pet Insurance. My understanding is most if not all insurance schemes are haram (forbidden) due to the uncertainty carried within them I assume the same for Pet…