In Canada the employer will deduct a certain percentage from the salary as employment insurance known as EI. If an employee is laid off from work, the government will pay him an amount equal to 65% of his wages. The EI contributions he made by law the government uses in various investment products, both Halal and Haram. The EI benefits one gets is from.. More
Microfinance or microcredit is a wide spread method of providing the poor with access allowing them to borrow from banks that are established specifically to provide this credit facility. The loans that are given in small amounts, usually between US 100 and 1500, and are repaid to the micro- finance institution with a high interest rate that somtimes.. More
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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My father has a business in AUSTRALIA, pays alot of tax, and he pays his duty as a Muslim too. Last year his accountant adviced him to buy a car so he can reclaim some of his taxes which he did. He leased a car and paid installments every month for 3 years. After the three years he returned the car and leaseed new car again. My question: is leasing.. More
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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I'm married to a newly converted Muslim. Sometimes we received food gifts from her relatives that is not Halal for us to eat. Is it permissible for us to give such food to other non-Muslims? Or is it better for us to just throw them away? What is Islamic ruling concerning this matter? Thank you.
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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