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…
Charging of fee on mobile topup
(#105) Aslamualikum wr wb I want to ask,is that allowed giving mobile company $50 cents on $5 topup?they say that $50 cents are there services charges. . Kindly give me an answer,so that we can continue or discontinue this practice. JazakAllah khair Answer بسم الله الرحمن الرحيم السلام عليكم و رحمة الله و بركاته حامدا و مصليا…
Buying a house on interest
(#103) Is it permissible to buy a house on bank loan in New Zealand. I don’t have sources to buy with cash. This home will be for myself and family not for investment purpose. Answer بسم الله الرحمن الرحيم السلام عليكم و رحمة الله و بركاته حامدا و مصليا و مسلما Muhtaram We are in receipt of…
Shares
(#089) Is it permissible to purchase shares in the stock market? Answer بسم الله الرحمن الرحيم السلام عليكم و رحمة الله و بركاته حامدا و مصليا و مسلما Muhtaram We acknowledge receipt of your question pertaining to the Shar’i ruling of Shares. Our response is as follows: As we mentioned that there is a difference…
Concerning student allowance or the unemployment benefit
(#085) Assalaamualaikum,Concerning student allowance or the unemployment benefit. If i am receiving a student allowance from Studylink of say $150 p/w, a condition is added that on top this i can earn a maximum of $40 p/w from any legal job. Any dollar I earn above $40 will result in my allowance being reduced by 70 cents per additional…