Q. Can I hire my animals out for horse rides? The horse is doing the work but I make the money. Is this halal profit? Answer: Yes, you can charge for horse rides. Allah Certainly Knows Best.
April 5, 2009
by Ml. Muhammed Shoayb
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Category Archives: Finance
February 10, 2009
by Ml. Muhammed Shoayb
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zakat paid on each pay check or total earnings?
Q. Do I deduct my Zakaat from each pay check, or do I pay of my yearly total income? A. One need not deduct their Zakaat from each pay check, nor from the total income. The criteria for paying zakaat … Continue reading
January 27, 2009
by Ml. Muhammed Shoayb
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riba hallal or not?
Q. Is fixed interest halal? Can one deal in it? Or is only unfixed haram? A. One cannot transact in fixed interest. One cannot deal in unfixed interest. (There are situations in which the perception of fixed has caused many … Continue reading
January 10, 2009
by admin KyD
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interest not so interesting
Q. Can I give a person 3 dollars for a 2 dollar item that I told him to buy for me? Some say it can be done, some say it cannot be done. I need just a little detail. Why … Continue reading
November 10, 2008
by Ml. Muhammed Shoayb
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Loaning for luxuries?!
Q. I loaned people a lotta money. Friends, family, everyone. They take forever to pay me back but they have money for better cars than me, awesome houses, luxury weddings … sometimes, I get my money after 5 years. It’s … Continue reading
October 28, 2008
by Ml. Muhammed Shoayb
1 Comment
Hajj and Debt
Q. My dad is getting old. He wants to go for Hajj. I was told that I cannot pay for his Hajj because he owes money for the car, sister’s wedding, etc. A. A person owing money needs to pay … Continue reading
October 27, 2008
by Ml. Muhammed Shoayb
1 Comment
What is the Nisaab? (part one 1)
Q. What is the amount of Nisab? How is the Nisab amount calculated? Is it a fixed dollar amount?
October 27, 2008
by Ml. Muhammed Shoayb
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Zakaat and loans
Q1. I took out a loan and still paying the loan amount. I also took a loan to help pay for my brother’s schooling. I am worth 250 000 dollars and I have a debt of 375 000 dollars. How … Continue reading
October 16, 2008
by Ml. Muhammed Shoayb
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A Matter of Giving and Taking
Q. My young daughter (she is not yet mature) gave me a gift. A week later she said that it was not a gift, it was a mere loan. Am I entitled to give it back to her? A. First … Continue reading
October 14, 2008
by Ml. Muhammed Shoayb
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Paying Bills
Q. Can I deduct money from a minor’s account for hospitalization? A. You will have to be very detailed. You must be able to sit with the administrators of the boy. You must show paperwork that proves that the minor … Continue reading