QUESTION: In crypto-mining, there is something called "staking" which is basically an investment to confirm the transactions on a blockchain. After the transaction is confirmed in this manner, a fee is paid to the validators for this. Is staking in the validator's...
QUESTION: My father has some valuable items in his room at my grandparents' house. As a child when I would visit him there, he would always tell me that he had given it to me and it belonged to me, but I never took it with me as I was a child. There is some jewellery...
QUESTION: in our business, we sell car batteries. At times, the batteries are brought back in by customers and sent in to the agents for claims. During the interim, we give these customers batteries on loan (which are a temporary use for them; they are our batteries...
QUESTION: Does one have to pay Zakaat on the money that is given in a stokvel every month and hasn't received a turn yet? The stokvel is 2 years long. ANSWER: We understand from your query that the contribution of each member (which we assume is an equal, monthly...
QUESTION: Is the multi-level marketing form of business permissible, and is it like a pyramid scheme? ANSWER: Multi-level marketing is very similar to a pyramid scheme. The only difference is that one is encouraged to recruit new members in a pyramid scheme, whilst...
QUESTION: I would like to enquire if it is Halaal to take out cellphone contracts, as I understand it to be similar to that of a bond or loan? I would also like to inquire if it is permissible to sell cellphone contracts as a third party via telemarketing for...
QUESTION: A bank that we have an account with recently held a promotion (link to which is posted below). We were unaware of such a promotion, but fulfilled the requirements to qualify for it, and hence received the specified cash offer. Will this money be permissible...
QUESTION: When a person fails to pay back the loan from a bank, the bank reclaims his assets, for example, a car, and puts it on sale, is it permissible for a Muslim (who had nothing to do with the person who was unable to pay back the loan) to buy that car from the...