Gifting Property with Conditions

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Answered by Shaykh Yūsuf Badāt Question: Whilst alive if I give all my wealth and property in equal shares to my children, can I add a clause, that allows me to collect income or rent on the assets I gave away until I die? Is that Shari’ah compliant? Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the…

Can Usury Apply to Cryptocurrency?

Q&A - Wealth PurificationBy Answers Admin January 3, 2022

Answered by Shaykh Yūsuf Badāt Question: Why is lending cryptocurrency and earning interest on them ḥarām forbidden? Is it not a commodity and not a currency? Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allāh, Most Gracious, Most Merciful. Jazāk Allāh Khayr/ Thank you for contacting Mathabah Institute. Bitcoin and or cryptocurrency has been…