I had a question regarding the trading of shares using this method

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Ref no: 0199# Date: Thursday, June 2, 2011 Category Money Matters Title I had a question regarding the trading of shares using this method Question I had a question regarding the trading of shares using this method. Please can you examine the content on the website below and let me know as to its permissibility with details. Basically, from my understanding, you are selling the right to someone to buy a … [Read more...]

I gave 60,000 rupeese to my father in law as debt so he can get rid of bank loan

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Ref no: 0198# Date: Thursday, June 2, 2011 Category Money Matters Title I gave 60,000 rupeese to my father in law as debt so he can get rid of bank loan Question I gave 60,000 rupeese to my father in law as debt so he can get rid of bank loan. now i know that he is unable to pay back my money. and I'm not asking for it yet. but whenever he passes away, his propety will be sold out and then i' would be paid … [Read more...]

A relative in my family has died and in her will she has left me some money

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Ref no: 0183# Date: Monday, May 30, 2011 Category Money Matters Title A relative in my family has died and in her will she has left me some money Question A relative in my family has died and in her will she has left me some money. The money has been in a term deposit interest earning account whilst she was alive (she is not Muslim). My question is that is this money haram money to me because it was … [Read more...]

1)I would like to know what can one do with money earned through riba

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Ref no: 0180# Date: Sunday, May 29, 2011 Category Money Matters Title 1)I would like to know what can one do with money earned through riba Question 1)I would like to know what can one do with money earned through riba as sometime it is unavoidable such as national saving scheme where it is compulsory to put some money into it which will earn interest? 2) Is it good if I tear the money earned thru riba and … [Read more...]

My question is about the internet in making money

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Ref no: 0142# Date: Thursday, May 19, 2011 Category Money Matters Title My question is about the internet in making money Question My question is about the internet in making money, i have joined a site that says it pays to click on advertisements, just say if i click on 1 it pays me 15 cents. there are also other websites that are doing the same. we can invest in it to buy referals for example ( $15 = 25 … [Read more...]

As per my understanding an Islamic Bank buys a Product

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Ref no: 0118# Date: Sunday, May 15, 2011 Category Money Matters Title As per my understanding an Islamic Bank buys a Product Question As per my understanding an Islamic Bank buys a product, retains its ownership, sells it to the prospective buyer at a higher price and once this price is reached by way of mutually agreed installment and period, it transfers the ownership.   I would like to know whether … [Read more...]