Answered by Shaykh Yusuf Badat Question: Someone wants to move to a new apartment, but the landlord makes it a requirement that you have liability insurance, is it allowed to apply for liability insurance in such a case? Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allāh, Most Gracious, Most Merciful. Jazāk Allāh Khayr/…
Answered by Shaykh Yusuf Badat Question: A parent passed away leaving behind adult children (brothers and sisters). The brothers told the sisters that they would give them a lump sum of money and remove them from the inheritance (titles of the land properties). They agreed. Many years passed by and they only gave a portion…
Answered by Shaykh Yūsuf Badāt Question: A man back home owns land which is worth well over the niṣāb amount. This is the only property wealth that he owns. This land is not suitable for farming. He has a few small houses on that land which he has rented out. This is his only source…
Answered by Shaykh Yūsuf Badāt Question: If someone paid interest to a bank, would it be permissible to take interest from that bank up to however much one has paid? Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allāh, Most Gracious, Most Merciful. Jazāk Allāh Khayr/ Thank you for contacting Mathabah Institute. Dealing with…
Answered by Shaykh Yūsuf Badāt Question: Any good write up on annuities, pension funds and it’s shar’ī (islamic) ruling whether it forms part of the estate etc. Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allāh, Most Gracious, Most Merciful. Jazāk Allāh Khayr/ Thank you for contacting Mathabah Institute. Numerous scholars have written on…
Answered by Shaykh Yūsuf Badāt Question: Is it obligatory to pay ‘ushr on crops in a non-Muslim country when there is no khilāfah or bayt-al-māl? Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allāh, Most Gracious, Most Merciful. Jazāk Allāh Khayr/ Thank you for contacting Mathabah Institute. There is no ‘ushr obligated on Muslims…
Answered by Shaykh Yūsuf Badāt Question: Zaid bought a property. Lawyers advise him to transfer the money into a Nedbank trust interest bearing account which he does. He earns interest after the paperwork is finalized. Can Zaid assist his cousin who is also using a Nedbank account by paying the interest that has accumulated on…
Answered by Shaykh Yūsuf Badāt Question: My sister wanted to do medicine in university. She found out that you have to wear short shelves above the elbows. Due to this, she said she does not want to pursue medicine since she will be exposing her arm. What is your advice in this situation for her?…
Answered by Shaykh Yūsuf Badāt Question: Is day trading of stocks permissible? Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allāh, Most Gracious, Most Merciful. Jazāk Allāh Khayr/ Thank you for contacting Mathābah Institute. Day trading involves buying stocks within a company, and then selling it again within a short span of time (usually…
Answered by Shaykh Yūsuf Badāt Question: If I earn £300 a year which I deposit in my bank account. At the end of the year, I have £150 due to money spent on clothes and food etc. would I pay zakāt on the £300 or £150? Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of…