Posts

Is Margin Trading Permissible?

Shaykh Abdul-Rahim Reasat answers a question on the legality of margin trading. Can you please confirm if margin trading is permissible? This is where you predict if the market will go up or down by using leverage positions. Thank You. I pray you are well. Margin trading is not permissible for a number of reasons. […]

Working in Car Dealership That Offers Financing

Ustadh Salman Younas answers a question on the permissibility of working for a car dealership that at times offers financing for purchases. Question: Assalam alaykum wa rahmat Allah wa barakatuh. I had a question regarding working in a car dealership. I would be selling cars and earn base salary plus commission. The people buying the […]

Working as an Accountant When Interest Transactions Are Involved

Answered by Mufti Taqi Usmani Q.) As accountants we are faced with a moral dilemma with regard to certain aspects of our work. Thus we write to you seeking guidance in this matter. Please advise us with regard to the following: According to the well known Hadith, Rasulullah (Sallallaahu Álayhi Wasallam) has invoked the curse […]

Documenting Usurious Transactions as an Accountant

Answered by Shaykh Faraz A. Khan Question: Is the following hadith related to my work as an accountant?   Narrated Abdullah ibn Mas’ud: The Apostle of Allah (peace_be_upon_him) cursed the one who accepted usury, the one who paid it, the witness to it, and the one who recorded it. (Sunan Abu Dawood)   I work […]