Transactions

October 22, 2024 1 min

Why Is Commercial Insurance Prohibited? – Shaykh Irshaad Sedick

Answered by Shaykh Irshaad Sedick Question Why is commercial insurance prohibited? Shaykh Irshaad Sedick explains why commercial insurance is prohibited in Islam. Shaykh Irshaad Sedick graduated from Dar al-Ulum al-Arabiyyah al-Islamiyyah, under the tutelage of Shaykh Taha Karaan. He received Ijaza from several esteemed scholars and has authored “The Musnad of Ahmad ibn Hanbal: A Hujjah […]
October 15, 2024 6 mins

What Should I Do If My Debts Increase?

Answered by Shaykh Dr. Muhammad Abu Bakr Badhib Question What should I do if my debts increase? Answer In the name of Allah, and all praise is due to Allah, and blessings and peace be upon our master Muhammad, the Messenger of Allah, his Family, his Companions, and those who follow him. Circumstances A person […]
October 9, 2024 2 mins

Is It Permissible to Take an Interest-Free Loan Through Deception?

Answered by Mawlana Ilyas Patel Question Can I take an interest-free loan from my friend’s workplace through deception, using it for a different purpose, but with the intent to repay? Is this money halal or haram? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you are in good faith and […]
October 9, 2024 2 mins

Am I Required to Pay an Expiation for This Oath I Took?

Answered by Mawlana Ilyas Patel Question I swore by Allah that I wouldn’t take money after paying for a meal with friends, but they insisted and sent me money, which I kept. Must I pay expiation, and if so, how do I do it? Answer In the Name of Allah, the Most Merciful and Compassionate […]
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