Money & Finance

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…

3D Modeling of humans for software engineering

Question (#068) Salaam I am asking this on behalf of a Pakistani friend, who is an expert in CAD. A technology that is able to show 3D models of buildings, trees, gardens etc. It’s mainly used in construction field. However 3D models of humans and animals can be created for education, medicalscience, cartoons, etc. Is such 3D…

Dispute settlement outside the court

Question (#062) Is there something in Muslim law that when a dispute or something is taken tocourt, that a cash payment outside of the judicial system is a preferable wayof settling the dispute?  Or something along these lines? Are you able topoint me to a reference?ThanksCheers Answer بسم الله الرحمن الرحيم السلام عليكم و رحمة…

Ijara Muntahiyya Bit-Tamleek

Question (#043) Assalamualikum. In a Islamic financial transaction –  Ijarah Muntahia Bittamleek , can the lessor avoid risk and reward by giving the whole risk and reward to the lessee ? Answer بسم الله الرحمن الرحيم السلام عليكم و رحمة الله و بركاته حامدا و مصليا و مسلما Muhtaram We have received your query dated…

Purchasing a house on interest

Question (#037) Asalam o Alliqum respected Mufti sahib, I have a query regarding buying a house on conventional Mortgage. I am currently living in New Zealand and have a plan to live here for long. My current situation is that I am renting a 3 bedroom house. The rents are increasing almost every year. It…