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Transactions

April 18, 2024 2 mins

Can I Take Out Medical Insurance despite the Existence of a Failing NHS?

Answered by Shaykh Abdul-Rahim Reasat Question Is it permissible to get medical insurance for my aging parents due to the deteriorating state of the NHS, prolonged waiting times, and their current suffering, despite my desire for them to receive timely care and alleviate their suffering? Answer As long as the NHS is a viable recourse […]
April 18, 2024 2 mins

Is it Permissible to View Listings Online Despite Women Without Hijab Showing?

Answered by Mawlana Ilyas Patel Question Should I overlook product listings featuring women while searching for items like mugs online? Or should I focus solely on listings without images of women, akin to the Islamic concept of lowering the gaze? Answer In the Name of Allah, the Most Merciful and Compassionate I pray you are […]
April 16, 2024 2 mins

Is It Permissible to Use Defi Technology to Generate Profits?

Answered by Mawlana Ilyas Patel Question A friend is encouraging us to explore a website that leverages DeFi technology to generate profits. I have concerns that engaging in such activities might inadvertently involve us in earnings that could be considered haram. Some of our mutual friends have attempted to persuade him that it might not […]
April 6, 2024 2 mins

Can We Really Trust the Standards Set by the AAOIFI?

Answered by Shaykh Faraz Rabbani Question I was trying to find permissible ways to invest money and stumbled upon the AAOIFI standards. Can they really be trusted? Answer The AAOIFI Standards are consensus standards for Islamic Financial Institutions. They were put together through a robust consultative and collaborative process involving leading Islamic scholars and specialists […]