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Category:

Islamic Finance

  • 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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  • Islamic FinanceMisc. FiqhPermissible and ImpermissibleSadaqahZakatul Fitr

    Review of Launchgood’s Zakat Policy

    by Mufti Faisal March 18, 2024
    March 18, 2024 9 minutes read

    Question: Salam Sheikh. Launchgood is a P2P fundraising platform. They will be collecting zakat during …

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  • IncomeInvestments and ContractsIslamic FinanceMisc. Do's and Dont'sPermissible and Impermissible

    Raffles: Is SmartBox (UAE) Ḥalāl?

    by Mufti Faisal January 25, 2024
    January 25, 2024 4 minutes read

    Question: A shopping voucher sold by them. Is this Halal to use? This is the …

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  • FiqhInvestments and ContractsIslamic Finance

    Taking out an interest-bearing saving account

    by Mufti Faisal September 1, 2023
    September 1, 2023 2 minutes read

    Question: Brother is storing your money in a bank which does interest, however, I do …

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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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  • IncomeIslamic FinancePermissible and Impermissible

    Is a Credit Repair Business Permissible?

    by Mufti Faisal June 16, 2023
    June 16, 2023 2 minutes read

    In North America, a bad credit score can result in great difficulties. It may negatively …

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  • Islamic Finance

    Canadian ETFs and their permissibility

    by Mufti Faisal June 15, 2023
    June 15, 2023 1 minutes read

    ETFs (exchange-traded funds) are funds that are traded on a stock exchange. While ETFs can …

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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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  • Investments and ContractsIslamic FinanceMisc. Do's and Dont'sPermissible and Impermissible

    Buying a leased car at the end of lease

    by Mufti Faisal March 13, 2023
    March 13, 2023 3 minutes read

    Question: I have a leased car for which the duration was 36 months. That duration …

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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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  • FiqhFiqh SciencesIncomeInvestments and ContractsIslamic Finance

    Loan with interest to start my project

    by Mufti Faisal January 23, 2023
    January 23, 2023 3 minutes read

    Question: al-salāmu ‘alaykum, I need money to finance a small business (a halal bakery). I …

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    0 FacebookTwitterPinterestEmail
  • 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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  • FiqhFiqh SciencesIncomeIslamic FinanceMisc. Do's and Dont'sMisc. FiqhPermissible and Impermissible

    Assistance in Sin: Uber Eats vs. Waiter

    by Mufti Faisal January 18, 2023
    January 18, 2023 32 minutes read

    Question: Assalamualaikum wa rahmatullah wa barakatuh Ulema What is the Hukm for income earned through …

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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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    0 FacebookTwitterPinterestEmail
  • 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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  • Jeddah to Madinah First, Then Umrah: What Does Islamic Shariah Say About Miqat, Ihram & Umrah Rules?

    August 15, 2026
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  • Clarification Regarding the Story of the Scribe of Qur’an “Abdullah ibn Abi Sarh” Who Became Disbeliever

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