QUESTION: My mother has a debt exceeding R10 000 from a business which she started. She owns no jewellery and whatever income she earns, is used to pay for her household expenses and maintenance. She is paying the debt off very slowly. Can I use interest money to...
QUESTION: What is the ruling regarding the sale of goods online? I do not own any stock nor do I have it in my possession, but the supplier does have it on hand. I advertise the product with the price and a delivery timeline. The product is purchased online and paid...
QUESTION: I have a Retirement Annuity Fund which has already matured, but I have chosen not to cash it in until I turn 65 years old. According to the South African Pension Funds Act, I am unable to transfer the fund onto my wife's name, however, I can make her the...
QUESTION: Is it permissible to invest in Islamic Sukuk? ANSWER: Sukuk are Islamic financial certificates that mirror bonds in western finance but adhere to Shari'ah principles. Unlike traditional interest-bearing bonds, Sukuk involves selling certificates to...
QUESTION: Please advise if it is permissible to finance a vehicle via An-Nahl Finance. They describe their financing model as follows: FINANCE The finance is not a loan given on interest, it is a sale of commodities (motor vehicle, stock, equipment, property, etc.)...
QUESTION: Is the practice of not marking items for sale with prices on them, permissible in Shari'ah? ANSWER: Prices not being placed on items in a store can lead to disputes hence, it will not be permissible for store owners to operate in this manner. قال العلامة ابن...
QUESTION: I have family members who work for insurance companies, so will it be permissible to eat at their homes and accept gifts from them? ANSWER: In principle, if it is known with certainty that a majority of their income is from a Haraam source (i.e. from the...
QUESTION: Is trading with Forex or Meta Trader using a broker permissible? ANSWER: Forex trading contains many aspects which go against the principles of Shariah inter alia gambling, interest, not taking possession of the currency. Hence, it will not be permissible to...