Question Is it legal from the point of view of the Shari`ah to buy things on installments? What happens is that in such transactions, the buyer pays a down payment (40-50% of the total) to a third party. The third party then pays in full for the thing and the buyer must pay the third […]
On the Payment of Riba
Question Assalamo-alaykum: I am trying to catch up with the responses after returning from Pakistan and sincerely commend your efforts. In responding to this issue you stated that “taking interest” is totally prohibited in Islam and that Prophet also condemned “giving interest” but only later. You also wrote that given the state of affairs it […]
Comments & Questions on the Explanation of the Law of Inheritance…
Question Dear brother what do you say about the following criticism by Salim Morgan. I would appreciate if you could reply to me with your answer. At the same time I would like to mention that there are a few typos in the article (on inheritance law) on your web page. Please correct them whenever […]
Installment Purchase
Question What is the status of purchase items like cars on installments as in the end one ends up paying far more than the actual price? Answer There is nothing wrong in making payment for any purchase item in installments. However, when the seller demands a higher price for his item in return for allowing […]
Is Present Day Banking Based on Riba
Question I would appreciate if you could highlight, whether our financial institutions are charging Riba, in the light of original definition of Riba, or has it been modified in the light of changes in societies. Moreover, what do you see the fate of people employed with these financial institutions? Answer For an explanation of the […]
Giving Zaka’h to non-Muslims
Question Can we give Zaka’h to non-Muslims? Answer Zaka’h, according to the Qur’an (Al-Taubah 9: 60), should/can be spent on the following heads: Fuqaraa and Masakeen i.e. for the poor and the needy; `aamileen `alaihaa i.e. on the people appointed for the collection and distribution of Zaka’h; Al-Mo’allafah Quloobohum i.e. to win the loyalties of […]
Standing Guarantee on an Interest Bearing Loan
Question Our company gives loans to its employees on interest (4 to 5 %). One of my colleagues has applied for it & he is asking me to become a guarantor for that. The guarantor gives the surety that in case of non-payment of that loan he will pay it. Does this help come under […]
Some Questions Regarding the Shares of Inheritance…
Question After studying the Quranic law of inheritance as explained by you, I found that following two points require further clarification. If a deceased person had more than one wives, which one of the following cases will apply. 1/8 shares of the total amount will be equally distributed among widows. Every one of the widows […]
Calculation of Zaka’h for a Sleeping Partner
Question I would like to ask a question which would be better explained with an example: suppose I invest Rs. 1 lakh in any business as a sleeping partner. What will be the percentage of Zaka’h which is applicable to this investment? Whether the Zaka’h will be on total investment or profit received only. Answer […]
Should One Spend More Than the Obligatory Zaka’h in God’s Ways?
Question Can you please clarify what is meant when the Qur’an enjoins us to establish regular charity. Is this referring to Zaka’h? If so, since I only pay Zaka’h once a year then it does not seem very regular to me. Answer The obligatory spending prescribed by Islam for a Muslim, under normal circumstances is […]