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…
Answered by Shaykh Yūsuf Badāt Question: A prisoner here in the UK needs money sent in, to pay for phone calls, extra food and other items. I am assuming this is permissible to give zakāt under the captives category? What if that person is a close family member? I know you cannot give zakāt to…
Answered by Shaykh Yūsuf Badāt Question: What is the Islamic ruling of 3 kinds of debts and paying zakāh? Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allāh, Most Gracious, Most Merciful. Jazāk Allāh Khayr/ Thank you for contacting Mathābah Institute. The three types of dept or money owing are as follows: Qawī: A…
Answered by Shaykh Yūsuf Badāt Question: With respect to home industries who have ingredients in their homes such as flour and sugar which are used, both for personal home use and at times for business use. The extent of business use would depend on orders that they receive in the future. What would be the…
Answered by Shaykh Yūsuf Badāt Question: Would this form of commission be allowed in Islam? Employer (owner of merchandise) tasks employees (agents) with selling merch. They are relatively free where, how and the price for which they sell. However, the owner requires a minimum amount from each item (eg. £10). When the agents sells the…
Answered by Shaykh Yūsuf Badāt Question: I bought a bicycle tube that was defected and I lost the receipt. Now I bought the exact same tube and I am thinking of putting the old one back in the box and then return it. What do you think? Allowed or not? Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم…
Answered by Shaykh Yusūf Badāt Question: Can you tell me the ruling on wearing necklaces for men? The wife is arguing that it is just a matter of ‘urf (common local custom) and does not matter if men wear a necklace because it is not explicitly ḥarām (islamicaly forbidden). Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In…
Answered by Shaykh Yūsuf Badāt Question: If a person has started their zakāh year but has not reached the full year yet, (and is not yet in a position where their zakāh is necessary to give due to the possibility that they might dip to 0, or below the threshold), are they still liable to…
Answered by Shaykh Yūsuf Badāt Question: Would you have any booklets or works on the topic of the zakāh recipient known as muallafat al-qulūb? I am looking into the topic. Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allāh, Most Gracious, Most Merciful. Jazāk Allāh Khayr/ Thank you for contacting Mathābah Institute. I suggest…