Money

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.

197102

Khums . Money . Loan

As a student with 50,000 rupees in savings, of which 35,000 is loaned out and uncertain to be repaid soon, I want to understand if I am required to pay Khums only on the remaining 15,000 rupees or also on the loaned amount?

Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 month ago

Loaned amounts do not belong to you as you has borrowed it from others, so, Khums is not obligatory on you for any amount which is not owned by you. Whatever you own on your date of Khums is to be calculated by you in your Khums.

Wassalam.

197080

Money . Students

Is it permissible for us to complete an assignment that a Canadian or USA student has been given, especially since their teacher has solved it on YouTube, and they are offering to pay us for our work on it?

If your helping them is legally and morally accepted, then it will be allowed, but if it can be taken as an immoral or illegal act of cheating, then it must be avoided.

Wassalam.

196484

Money . Sunni . Mosque

Is it permissible to donate some money to help build a Sunni mosque?

Every Masjid is a house of Allah where Muslims worship Allah in. Helping in building any Masjid is good except places of enemies of Ahlul Bayt (AS) because their Masjids are like Masjid of Dhiraar which was not for Allah but for Shaitan.

We help every Masjid based in Taqwa, and we never help Masjid Dhiraar which is called Masjid but used as a centre against Ahlul Bayt (SS).

Wassalam..

195518

Students . Money . Deception

Is it permissible for us to earn money from students who study online and do not attend college in exchange for doing their assignments?

Zaid Alsalami, Shaykh Dr Zaid Alsalami is an Iraqi born scholar, raised in Australia. He obtained a BA from Al-Mustafa University, Qom, and an MA from the Islamic College in London. He also obtained a PhD from... Answered 2 months ago

Bismihi ta'āla

Such a thing is cheating and lying. It is unlawful, illegal and very unethical.

And Allah knows best

193091

Money . Investment

Is it permissible to invest in shares of Muslim or non-Muslim companies that issue bonds for fundraising?

If the company is involved in un Islamic (Haraam) activities, it will be not permissible to invest in shares of such company no matter who are the owners, but if the company is dealing with permissible business, then it will be allowed to invest in it.

Wassalam.

192491

Money

Is it permissible for me to share the study sheets my teacher provided, for which he charged a fee, with my friends?

If sharing the study sheets is legally allowed and it does not form any kind of cheating in the exams, then it will be permissible.

Wassalam.

191889

Riba . Money . Stock

What is my responsibility if I own stocks that have increased in value or have obtained profits gained from Riba?

Increase in value does not create any problem if the activities of the company are lawful and no Haraam activities are involved like RIBA. If the company deals with RIBA or does any Haraam business, it will be Haraam to buy or keep such shares. Money generated from RIBA or any other Haraam activities is unlawful to use in any way even in charity. It must be given to the Marje; of Taqleed to spend it on deserving cases or seek his permission to give it in charity.

Wassalam..

190895

Wife . Khums . Zakat . Money

Can my wife contribute Khums and Zakat on behalf of both of us if our funds are combined in a joint account?

Khums and Sakat are obligatory on the owner himself / herself. Your are responsible to pay your Khums and Zakat from your own wealth. If you and your spouse have joined ownership, then both should agree that any of them to pay their dues. Both should have the intention (Niyyah) of paying their dues religious due for the sake of Allah (SWT).

Wassalam.

190846

Woman . Hair . Money

In our area, some laborers, including non-Muslims, gather women's hair and provide hair accessories or money in exchange. Is it allowed to give them the hair under any circumstances?

It is not Haraam to give or sell your hair to persons who do not know that it is your hair. It is better to bury our hair and our nails and not to throw it with the rubbish.

Wassalam.

189174

Money . Hajj

Is it permissible to postpone Hajj if a person can afford it but would struggle to survive financially afterward?

If the person who does not have enough to live on after returning from Hajj is not required to perform Hajj now until his financial situation is better and he should not face financial hardship in his livelihood after returning from Hajj.

Wassalam.

189778

Halal . House . Haram . Interest . Money

Is it permissible to sell a house that was financed with Haram money and for the family members to utilize the proceeds?

Haraam money is not permissible to deal with or even to touch. Haraam money should be given back to its real owner and if unknown then to be given to the Marje; of Taqleed to distribute it among poor believers.

Wassalam.

189241

Parents . Money

If parents are financially well-off, is it acceptable for them to insist on monthly financial contributions from their sons, especially knowing that this requirement causes financial hardship for the sons?

When parents are in need, it puts a responsibility on their earning sons to support them. Spending on the parents is obligatory not just recommended. When parents expect financial assistance from their sons, it means that they are in need of that assistance. You can not claim that your parents are well off and don’t need your financial assistance as far as they ask you to assist them. You must do your best to assist them even if you have your own financial challenges. Best place to spend is to assist your parents then your relatives then other needy and deserving persons.

Wassalam.