I understand that working in insurance or banking is prohibited, but in North America or even most of the world almost every organization is dealing in interest either by receiving it or paying it. Their existence is mostly done through interest bearing loans from banks. Does that imply that Muslims cannot work for any organization?
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Last week I was very delighted I got a job (walhamdullilah) in an Internet service provider company in the Kingdom. What really bothered me was that I subscribe the users, some I know or tell me they want to subscribe to chat and look at sex pictures. Is the salary which I receive Haram or Halal?
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Is trading in the stock market haram? If it is haram, what can I do with the shares I have right now and its value is less than the price I paid? How I can invest my money in a country like Canada and our countries have almost the same structure?.. More
I am trying to research on Islamic Finance and how it works (or how it "should" work) in today's world of dominating western finance and Riba'. SPECIFIC TOPICS include: How a merger transaction between two companies would be implemented under Islamic Law? Also how would it differ between two Islamic countries ( it shouldn't, since there's only.. More
I trade in stocks. Please let me know if the following are halal or haram: 1. a margin account (an account that lets me borrow for a few hours, days or months to buy stocks. The money has to be repaid with a variable interest); 2. day trading (buying and selling the same stock in one day or over a short period of time)? 3. futures and commodities?.. More
Asalam wa alikum. Is having credit Card Halal or Haram? There is interest in it (riba)and it's Haram . But in most of the trade transactions you have to use credit card in Canada. 2-If I want to study at the university there is a student loan Interest (Riba). Is it O.K to take a loan with (Riba) or Haram? jazakum allah kul khir.. More