Answered by Shaykh Muhammad Carr Question  What is the stance of the Shafi‘i Madhhab on Tawarruq? Tawarruq is an arrangement where an individual needing liquidity purchases a commodity on credit at a higher price and then promptly sells it at a spot price to obtain cash. ِAnswer In the Name of Allah, the Most Merciful […]

Answered by Shaykh Muhammad Carr Question Are the FNB Islamic Investment accounts halal and how are profits generated? Answer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your question. FNB Islamic Investment accounts are halal. All shari‘a-compliant products at FNB are reviewed, supervised, monitored, and approved by their Shari‘a Advisory […]

Answered by Shaykh Muhammad Carr Question  Is it permissible for me to continue using a phone that was purchased with money gifted by my aunt, who works at a bank where her job involves interest? ِAnswer In the Name of Allah, the Most Merciful and Compassionate. Thank you for your question. You may continue using […]

Answered by Shaykh Muhammad Carr Question  I sold my residential property and another inherited from my father, which used to generate rental income for me. The rental income was crucial for covering my monthly household expenses. Unfortunately, I am currently without employment or any alternative source of income after liquidating both assets. I am relying […]