Posts

RizqWise: Episode 1 – The Problem with Letting Money Run your Life

“An excellent, insightful podcast worth listening to if you want to manage your money in a purposeful, benefit-driven manner guided by Islamic values.” – Shaykh Faraz Rabbani Do you run your money? Or does your money run you? Most people have a dysfunctional relationship with money. They try not to think about it because — let’s […]

Video: Ethics of Advancement: Understanding Islamic Economics – Shaykh Faraz at UTM’s IAW

Ethics of Advancement: Understanding Islamic Economics – Shaykh Faraz at UTM’s IAW Shaykh Faraz Rabbani explains the ethics and values underlying Islamic economics–going beyond the “minimums” that are the concern of much of “Islamic finance” to the higher purpose and transformative good that underlies Qur’anic teachings and Prophetic guidance related to matters of money and […]

Do I Have to Move Out if My Parents Get a Home by Contemporary Mortgage?

Answered by Shaykh Faraz A. Khan Question: My parents recently bought a house on mortgage. I tried to advise them against it, but they won’t listen. Sheikhs I’ve asked have given me two main alternatives, (1) live with my parents and refuse to pay any of the mortgage payments, just paying the basic bills (my […]

Purchasing a Home Through a ‘Rent-to-Own’ Arrangement (Diminishing Musharaka)

Answered by Shaykh Faraz A. Khan Question: What is the shari’ah ruling concerning purchasing a home through a rent to own program. Is it haram or halal? Answer: Assalamu alaikum wa rahmatullah, I pray this finds you in the best of health states. Leading contemporary scholars state that ‘rent-to-own’ arrangements (diminishing musharaka) are permissible, provided […]

Can I Offer an Incentive When I’m Seeking a Loan?

Answered by Shaykh Faraz A. Khan Question: What is a halal form of offering incentive to a loaner when requesting a loan. I am a small business owner seeking to purchase a building/shop and I am in need of start up money. Everyone is interested in investing in exchange for a continuous percentage of profit. […]

Is Leasing a Car Permissible?

Answered by Sidi Salman Younas Question: Is leasing a car allowed? ie you make monthly payments so that in essence you are renting a car. Answer: In the Name of Allah, Most Gracious, Most Merciful salamu `alaykum wa rahmatullah I pray you are well and in the best of health. Yes, leasing a car is […]

Live Webinar: “Interest-Based Finance and Global Warming: Making the Connection” – Ethica Institute

Live Webinar: “Interest-Based Finance and Global Warming: Making the Connection” How does interest-based finance contribute to global warming? And how does Islamic finance provide an alternative? We explore these and other topics in this 40 minute presentation and follow up with your live Q&A. Cost: FREE Where: The comfort of your desk When: 6pm Dubai […]

Career Options In Islamic Banking And Finance – Ethica Institute

Career Options In Islamic Banking And Finance – Ethica Institute A webinar recording on Islamic Finance courtesy of Ethica Institute. A transcript of the audio is also available. Ethica Institute also offer a variety of online resources and learning opportunities in the growing field of Islamic finance. “If you are seeking a solid, Shariah-grounded Islamic […]

A Meeting with a Great Scholar of This Age: Mufti Taqi Usmani by Ustadh Abdullah Anik Misra

A Meeting with a Great Scholar of This Age: Mufti Taqi Usmani by Ustadh Abdullah Anik Misra Last night, six members of the Seekers Guidance team who reside in Amman, Jordan had the opportunity to meet Shaykh Mufti Taqi ‘Uthmani. Considered by many people of knowledge to be one of the foremost scholars of our […]

Pursing an Actuarial Career & Working in Takaful Companies

Answered by Mufti Muhammad ibn Adam Question: 1. If i pursue an actuarial career, I will be limited to working in takaful companies. However, scholars differ on what is permissible and impermissible in this regard. As I Hanafi, am I limited to working at a takaful company that have Hanafi scholars on their shari`ah board? […]