Question:
What is the Islamic ruling on premium bonds? If I was to purchase £10 in premium bonds which I can sell back to the government whom I bought them from. I will receive the same amount of money no less or no more, regardless of how long I have kept them for. There’s also a chance that my number could be drawn and I can win an amount. £25 to £1m. Will this be permissible for me?
Continue reading “Ruling on premium bonds”
Question:
Is it allowed to claim for PPI money which comes with interest? At times the interest is apparent and broken down, but most of the time the interest amount is unknown but its certainly added with the amount.
Continue reading “Ruling on PPI Money”
Question:
The Government of Bangladesh is currently giving a 2% incentive on money sent by expatriate Bangladeshis, e.g. If you are a Bangladeshi national sending money back home, the government will add 2% to your transfer. The 2% incentive will be given to remittance receivers either as cash or into their bank accounts. Is it permissible to accept that 2% incentive or will it be considered as interest?
Continue reading “Ruling about 2% incentive on remittance given by the government of Bangladesh”
Question:
Will it be permissible to lend someone money (qardh) with the condition of paying zakat on that amount? For example: one is to lend £2,000 for 2 years, adding condition for the borrower to pay zakat on that amount for the duration of 2 years on behalf of the lender.
Continue reading “lending someone money (qardh) with the condition of paying zakat on that amount”
Question:
Is it permissible to give interest money received from the bank to poor relatives?
Continue reading “Ruling on interest money received from the bank”
Question:
Is it permissible for a muslim to take out the government Bounce back loan, which is currently interest free for the first year? If one intends to pay the loan back within the first year but is also weary of the fact that if he/she is unable to pay it back for some reason then interest will be added to the loan. This is a government backed loan which means that the government takes liability to pay it back if the business can’t pay it back.
Continue reading “Ruling on The government Bounce Back Loan Scheme”
Question:
Is it permissible to work as a delivery driver for companies like uber eats, deliveroo etc where the job role is to deliver food/drink which may be halal or haram?
Continue reading “Ruling on working as a delivery driver for companies like uber eats, deliveroo etc where the job role is to deliver food/drink which may be halal or haram”
Question
Is it permissible to pay off interest with interest money? e.g one uses interest money received from the bank to pay off interest on borrowed money from loan company.
Continue reading “Paying off interest with interest money”
Question
A person rented out a property and his tenant wants to convert it into a restaurant, which will include serving alcohol. Is the rent going to be halal?
Read more
