WE PURCHASED A HOUSE

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Question RAMADAAN LAST YEAR WE PURCHASED A HOUSE (first home)on both myself and wife’s name . In February the home loan and complete finalization of the transfer took place. LOAN AMOUNT FROM BANK - R600 000 CURRENT REPAYMENT        R7100 CURRENT BALANCE -    R324 000 INTEREST FREE LOAN FROM FAMILY-R180 000 THE PROPERTY IS CURRENTLY LET OUT   WHAT WILL BE THE ZAKKAT … [Read more...]

please advise me

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Question   1. Can you please advise me if the f/f is halaal or haraam: - Medical aid - Retirement Annuity fund - Pension fund - Provident fund, If not could you please advise me if there is halaal medical aids.RAFs,pensions and provident funds. 2. I heard that there is halaal insurance called tafakul-is it really halaal. Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most … [Read more...]

if the f/f is halaal or haraam:

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Question   1. Can you please advise me if the f/f is halaal or haraam: - Medical aid - Retirement Annuity fund - Pension fund - Provident fund, if not could you please advise me if there is halaal medical aids.RAFs,pensions and provident funds. 2. I heard that there is halaal insurance called tafakul-is it really halaal.     Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most … [Read more...]

I dont sell insurance

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Question   I would like to know if working for a short term insurance company haraam.I dont sell insurance but work on existing policies dealing with cars and homes?   Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.   It is not permissible to work for an insurance company. Conventional insurance have elements of … [Read more...]

Is it permissible to work

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Question   I am working in Saudi Arabia in Finance Department. My company is in construction process and currently we have two source of cash inflows 1. Shares Capital 2. Interest/Profit on this Shares Capital, which is placed in banks in Murahaba (so called). My responsibilities include beside other to check calculation of this profit/Interest and also keep all memorandum record and accounting entries, but I am not sole … [Read more...]

to let a part of your shop

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Question     Is it permisible to let a part of your shop to shoprite ? we shall make an agreement preventing them from selling alchohol. as per their usual buisiness they shall be operating a deli and butchery and selling haraam meat. Will the income be halaal ?        Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum … [Read more...]