Frequently Asked Questions
Business & employment
Ref. No. 1911/44-2263
In the name of Allah the most Gracious the most Merciful
The answer to your question is as follows:
If the shopkeeper already agreed upon giving you 2/% commission while he does not overcharge the customers, then this amount received from the shopkeeper is permissible as a broker's wages, and if it is not pre-agreed, then this amount is permissible too as a reward. Shopkeepers do this so that electricians can take their customers to those shops. However, if the shopkeeper increases the price of the goods, then it is not permissible to do so. And if the electrician doesn't go along, still he gets the commission then it's not allowable.
And Allah knows best
Darul Ifta
Darul Uloom Waqf Deoband
Business & employment
Ref. No. 1652/43-1237
In the name of Allah the most Gracious the most Merciful
The answer to your question is as follows:
Crypto currency is a fictitious currency and it is not controlled or issued by the government nor does any government take responsibility for it. Hence, according to Shariah, crypto currency is not a property and it is not conventionally used as a currency either. Nowadays the business running online with crypto currency is a form of gambling and interest, hence it is not permissible to buy or sell it. It is not permissible to invest in crypto currency and avail profit. Therefore, it should be avoided before it causes a big loss to your wealth. However, it must be noted that in the future, if it is approved by a government or used conventionally as a currency, then the shariah ruling will be different.
قال اللّٰہ تعالی:وأحل اللہ البیع وحرم الربا الآیة (البقرة: ۲۷۵)،یٰأیھا الذین آمنوا إنما الخمر والمیسر والأنصاب والأزلام رجس من عمل الشیطن فاجتنبوہ لعلکم تفلحون( المائدة، ۹۰)،وقال رسول اللہ صلی اللہ علیہ وسلم:إن اللہ حرم علی أمتي الخمر والمیسر(المسند للإمام أحمد،۲: ۳۵۱، رقم الحدیث: ۶۵۱۱)،﴿وَلَا تَأْکُلُوْا أَمْوَالَکُمْ بَیْنَکُمْ بِالْبَاطِلِ﴾ أي بالحرام، یعني بالربا، والقمار، والغصب والسرقة(معالم التنزیل ۲: ۵۰)، لأن القمار من القمر الذي یزداد تارةً وینقص أخریٰ۔ وسمی القمار قمارًا؛ لأن کل واحد من المقامرین ممن یجوز أن یذہب مالہ إلی صاحبہ، ویجوز أن یستفید مال صاحبہ، وہو حرام بالنص(رد المحتار، کتاب الحظر والإباحة،باب الاستبراء، فصل في البیع، ۹: ۵۷۷، ط: مکتبة زکریا دیوبند(
And Allah knows best
Darul Ifta
Darul Uloom Waqf Deoband
Business & employment
Ref. No. 1952/44-1856
In the name of Allah the most Gracious the most Merciful
The answer to your question is as follows:
If the business of the company does not involve haram work, and the principles of muzarabat (partnership) are followed while distributing the profits, then it is permissible to trade in such a company within the scope of profit and loss. If these conditions are met, dealing in shares of the company will be allowable, otherwise not.
Apart from this, do tell us what is the form of trading in options and what does the company do, if all these things are explained in detail, the answer will be written in detail too in-sha-Allah.
And Allah knows best
Darul Ifta
Darul Uloom Waqf Deoband
Business & employment
Business & employment
Ref. No. 1956/44-1872
In the name of Allah the most Gracious the most Merciful
The answer to your question is as follows:
A person whose income includes both halal and haram, if he repays the debt, this payment will be considered from his halal income. And taking this money will be permissible for the creditor too, there will be no suspicion of Haram in it, and there will be no dislike of any kind. Since the wealth you received is not haram, the negative effects of the haram wealth will not be transferred.
And Allah knows best
Darul Ifta
Darul Uloom Waqf Deoband
Business & employment
Ref. No. 38/811
In the name of Allah the most Gracious the most Merciful
The answer to your question is as follows:
The money received from bank as interest can be paid in income tax to the goverment. It is allowable.
And Allah knows best
Darul Ifta
Darul Uloom Waqf Deoband
Business & employment
Ref. No. 1138/42-376
In the name of Allah the most gracious the most Merciful
The answer to your question is as follows:
Yes, it is permissible.
And Allah knows best
Darul Ifta
Darul Uloom Waqf Deoband