Jul 10, 2023 | Business & Trade
Question I work at an insolvency law firm and I send out forms to creditors. Apart from filling out the amount of debt the debtor owes to them, the creditors can also fill out the amount of their ‘legal’ riba demand from the debtor, which the debtor owes...
Sep 30, 2021 | Business & Trade
Question Assalamualaikum Sheikh. Inshaallah I hope you’re doing well. I will be going to university in the UK for my UG for 4 years. My father has decided that he wants to take a loan from the bank with a fixed interest of an agreed amount (about 1% which...
Sep 4, 2021 | Business & Trade
Question The Messenger of Allah (blessings and peace of Allah be upon him) said: “Gold for gold, silver for silver, like for like, same for same, hand to hand. If any of these things are different, then sell however you like, so long as it is hand to hand.” Narrated...
Jul 30, 2021 | Business & Trade
Question Assalamualykum wa rahmatuallahi wa barakatuh. Dear Mufti sahib in Shaa ALLAH I pray you are doing good. Dear sheikh my friend recently told me that he had found many references and evidence from the Quran and Hadith which prohibits the consumption of interest...
May 2, 2021 | Business & Trade
Question Assalamualaikum wa. I have been using the governments help 2 save scheme where the government gives you certain percentage of what you’ve saved as a bonus for using this scheme. So how it works is that I am only allowed to save anything from £1 to max...
