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Category:

Banking and Interest

  • Banking and InterestIncomeInvestments and ContractsIslamic FinanceMisc. Fiqh

    Working as an IT Manager in a Company Whose Core Business is Haram

    by Mufti Faisal September 29, 2025
    September 29, 2025 5 minutes read

    I seek guidance on the permissibility of my employment. I recently joined First Canadian Title …

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  • Banking and InterestIncomeInvestments and ContractsIslamic Finance

    Receiving Shares from a Bank as Gift

    by Mufti Faisal April 23, 2025
    April 23, 2025 8 minutes read

    A person is awarded some bank shares as a gift by his employer. Should this …

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  • Banking and InterestFiqhIncomeInvestments and ContractsIslamic FinanceMisc. Do's and Dont's

    Affiliate Marketing

    by Mufti Faisal February 3, 2025
    February 3, 2025 3 minutes read

    Affiliate marketing is an arrangement between a merchant and an “affiliate” in which the affiliate …

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  • Banking and InterestFiqhIncomeIslamic FinanceZakatul Fitr

    Zakāt on Money Paid for a Pre-Order (Istiṣnāʿ)

    by Mufti Faisal July 18, 2024
    July 18, 2024 4 minutes read

    Question: If we have made partial advance payment for some stock to our supplier, they …

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  • Banking and InterestIncomeIslamic FinanceMisc. Fiqh

    Using Ḥarām Money to Fund Research

    by Mufti Faisal July 18, 2024
    July 18, 2024 5 minutes read

    Question: I am thinking of doing some research projects in certain cancers (liver cancer) one …

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  • Banking and InterestInvestments and ContractsPermissible and Impermissible

    Car Financing through this arrangement with the dealer

    by Mufti Faisal October 3, 2023
    October 3, 2023 3 minutes read

    Question: My friend has redacted some information about the customer, vehicle and dealership details due …

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  • Banking and InterestIncomeInvestments and ContractsIslamic Finance

    Permissibility of HSBC Islamic Global Equity Index Fund

    by Mufti Faisal August 1, 2023
    August 1, 2023 1 minutes read

    Question: I was planning for investment, one agent from Singapore recommended this plan HSBC Islamic …

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  • Banking and InterestInvestments and ContractsIslamic FinanceMisc. FiqhZakatul Fitr

    Zakat on Plots or Land being purchased from a Colony Scheme

    by Mufti Faisal June 6, 2023
    June 6, 2023 16 minutes read

    Question: 1. Someone buys a piece of land on instalments and is paying for it …

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  • Banking and InterestFiqhIncomeInvestments and ContractsIslamic FinanceMisc. FiqhPermissible and Impermissible

    Student Accepting Government Money Without Needing It

    by Mufti Faisal February 15, 2023
    February 15, 2023 2 minutes read

    Question: I am an engineering student in Québec, Canada and the government gives 2500$ to …

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  • Banking and InterestInvestments and ContractsIslamic Finance

    Home Mortgage Situation in Canada and Islamic Finance Companies

    by Mufti Faisal January 18, 2023
    January 18, 2023 2 minutes read

    Question: Assalamualikum I am a new immigrant to Canada and settling in with my family. …

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  • Banking and InterestIncomeInvestments and ContractsIslamic FinanceMisc. FiqhPermissible and Impermissible

    Mortgage Purchase in this specific situation

    by Mufti Faisal December 29, 2022
    December 29, 2022 6 minutes read

    Question: I bought a house in Chateauguay in 2019. I was single and living alone …

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  • Banking and InterestIncomeInvestments and ContractsIslamic FinanceOther SocialPermissible and Impermissible

    Student Loans through FAFSA (Free Application for Federal Student Aid)

    by Mufti Faisal December 28, 2022
    December 28, 2022 4 minutes read

    Question: I am interested in counting my education in USA. I am a mother of …

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  • Banking and InterestIncomeIslamic FinanceMisc. Fiqh

    Filing Taxes in Canada

    by Mufti Faisal December 4, 2022
    December 4, 2022 6 minutes read

    Question: I want to ask whether filing corporate taxes, income taxes, investment taxes, or other …

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  • Banking and InterestIncomeInvestments and ContractsIslamic FinanceMisc. Fiqh

    Job in a Software Company Whose Main Clients are Banks

    by Mufti Faisal October 18, 2022
    October 18, 2022 8 minutes read

    Sep-29, 2025: IMP: An update to the criteria mentioned in this question has been posted …

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  • Banking and InterestIncomeInvestments and ContractsIslamic Finance

    A wife’s concern for the Riba’ in home for past 15+ years

    by Mufti Faisal February 27, 2022
    February 27, 2022 11 minutes read

    Question: We bought first house 15 years ago regarding for fatwa that okay for muslem …

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  • Banking and InterestCleanliness and PurityIncomeInvestments and ContractsIslamic Finance

    Purifying my Earnings

    by Mufti Faisal December 8, 2021
    December 8, 2021 3 minutes read

    Question Recently I have gotten serious about my faith and wish to continue forward in …

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  • Banking and InterestIncomeInvestments and ContractsIslamic FinanceMisc. Fiqh

    Stocks in an Investment Bank

    by Mufti Faisal December 6, 2021
    December 6, 2021 7 minutes read

    Question: Is it permissible to own stocks in an investment bank, such as Citigroup? Investment …

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  • Banking and InterestIncomeInvestments and ContractsIslamic Finance

    Home financing with Islamic or conventional bank

    by Mufti Faisal November 9, 2021
    November 9, 2021 5 minutes read

    Question: Assalamu ‘alaykum wa rahmatullaahi wa barakatuh dear Sheikh We live in Vancouver, Canada. After …

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  • Banking and Interest

    Buying a car through Bank Financing

    by Mufti Faisal August 11, 2021
    August 11, 2021 2 minutes read

    Question: I need fatwa about buying a car by financing where the bank will pay …

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  • Banking and InterestIncomeInvestments and ContractsMisc. Fiqh

    RRSP investment and pension plan payouts

    by Mufti Faisal May 3, 2021
    May 3, 2021 4 minutes read

    This article explains the Sharīʿah perspective on RRSP investments in Canada, distinguishing between permissible self-directed …

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