Category: Business Investment

Total : 77 Results

Question ID 2253 Sunday 25th of January 2015

Question:

Salaam alaykum. I would like to know if spread betting (on the stock market) is halal or haraam? Here is the link which explains what it is in definition http://en.wikipedia.org/wiki/Spread_betting Many thanks

Answer:

>
> =E2=80=8BSpread betting is a type of gambling and every gambling is Haraa=
m in
> Islam=E2=80=8B.
>
=E2=80=8BWassalam.
Mohammad Al-Musawi=E2=80=8B

Question ID 2066 Tuesday 11th of November 2014

Question:

As Salamun Alaikum Aaga,My question is i have a good amount of savings after removing the KHUMS amount can i make a FIXED DEPOSIT and keep as it will be safe. and if i get the interest on tht can i use tht amount. Kindly reply as very confused. Thanxs in advance. Khuda Hafiz.

Answer:

After full payment of Khums, the remaining amount is purely Halal money and
you are allowed to keep it in fixed deposit in non Muslim bank. Any amount
given by the bank on your money will be allowed for you to use.
Wassalam.
Mohammad al-Musawi

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Question ID 2030 Saturday 1st of November 2014

Question:

Aoa i follow aka sistani. I am going to retire and i want to deposit my money in national saving scheme in pakistan which will give me fixed income per month. I cannot do business in pakistan as situation id not favorable for business here. Can i take this income source keeping in view i am old now?

Answer:

it is allowed to keep your money in a bank with out a condition from you on
the bank to get more, but if they give you any amount, it is allowed for
you to utilize it.
Wassalam.
Mohammad al-Musawi

Question ID 2005 Saturday 18th of October 2014

Question:

Aoa, my father and mother are in old age. My father has savings from his 40 years of service now he is unable to do business and want to invest in Pakistan National Savings . Are we allowed to take money monthly from this institution? Kindly answer quickly as we have less time to think. Father follows aka sistani and mother aka khoi.

Answer:

Yes it is allowed to invest and utilize the income.
Wassalam

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Question ID 1970 Thursday 2nd of October 2014

Question:

In need of funds and bussiness investment in south african shia community ?

Answer:

Please make your question more clear.

WABIL - World Ahlulbayt(as) Islamic League, London.