QUESTION: Is it permissible to invest in crypto currency or trade with Cryptocurrency? ANSWER: Our Darul Ifta has reservations in regards to the Shariah compliancy of Cryptocurrency/Bitcoin. We therefore advise abstention. Consider the following Hadith: عن النعمان بن...
QUESTION: Is it permissible to sell dog food? ANSWER: If all the ingredients from which the dog food is manufactured is 100% Halaal, then it will be Halaal to buy and sell the product, otherwise not. نهي رسول الله صلي الله عليه وسلم عن ثمن الكلب وهذا التحريم كان اذا...
QUESTION: I had the opportunity to purchase stock from a broker on credit and sell it to a customer on credit as well. The customer agreed to pay me after one or two weeks, giving them enough time to fulfill their payment. Once I received the payment, I made sure to...
QUESTION: Are we allowed to take out an extended warranty on a vehicle when the current warranty is expiring? ANSWER: Purchasing an extended warranty for one’s appliances or vehicle is tantamount to purchasing insurance, which is Haraam. The elements of gambling and...
QUESTION: Can a landlord request a deposit to be paid when letting out his premises? ANSWER: We assume your query is regarding paying a deposit when renting a shop or house. If so, then yes, it is permissible for the landlord to ask for a deposit as this does not...
QUESTION: In a partnership, can an active partner take a salary? ANSWER: Yes, it is permissible for the active partner to take a salary. However, it is imperative that the following conditions be adhered to: 1. The employment contract must be an independent contract...
QUESTION: My dad passed away 11 and 1/2 years ago. He had an Old Mutual retirement fund which he had made my mum a beneficiary of. She has been receiving R330 p/m, from the time of his death. We have now received correspondence from Old Mutual to say she can cash it...
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...