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Stock investing

FAQ #1: Should the use of the one third ruling for Shariah screening be reconsidered?
FAQ #2: Does the Sharia Screening of SRI presented follows certain school of Fiqh or is it common to all schools?
FAQ #3: Can we say responsible investing, SRI and ESG are taken care of by Shariah compliant investments?
FAQ #4: Are there any investments that specifically exclude investment in illegally occupied Palestine ?
FAQ #5: We have some standards mentioned by scholars which give a 33% of interest but where is the source of that?
FAQ #6: Does index screening consider contract methods like sukuk, musharakah, mudarabah, etc.?
FAQ #7: Is merely being Shariah compliant sufficient to meet the objectives of Shariah?
FAQ #8: Is options trading in line with Islam, considering down-payment comparisons?
FAQ #9: Isn’t investing in the stock market also gambling?
FAQ #10: Is the debt to market cap ratio AAOIFI’s new stock screening standard for Shariah-compliant funds?
FAQ #11: Sabana removes Shariah compliance; Is it advisable for my fiancé to keep or liquidate his units?
FAQ #12: What makes stock market investments halal? Which companies to avoid? Are tech and commodity investments, like Apple or gold, halal?
FAQ #13: Can Shariah screening apply to Islamic Microfinance via MIVs, or does it require a specific framework for unique features?
FAQ #14: What’s the boundary for halal investors to invest in a company with military-related activities or equipment?

Personal finance

FAQ #15: What would a very good financial habit you particularly suggest the youth could follow and gain benefit from?
FAQ #16: As youth, how to start Shariah-compliant investing for income, ensuring ethical choices and financial growth?

Fiqh on money

FAQ #152: Is a mortgage advisor job halal?
FAQ #145: Is money earned from working in the IT Department of a casino firm halal?
FAQ #17: Is it true that CPF interest is not considered riba according to MUIS fatwa?
FAQ #18: What are the parameters for Darurah or Hajah?
FAQ #19: Why there are divergent views of allowing or not allowing to buy a 2nd property with usurious loans?
FAQ #20: Are there any similar fatwa globally for the position above (on taking a second usurious loan)?
FAQ #21: Is it haram to trade Forex?
FAQ #22: Can I buy gold with credit cards?
FAQ #23: Is delaying payment by a debtor allowed?
FAQ #24: Is it permissible to stipulate a penalty on the debtor for a delay in payment?
FAQ #25: Can I as the creditor sell the mortgaged assets to pay off the debt?
FAQ #26: Can the creditor demand full payment of the debt for one failed installment?
FAQ #27: Can I charge my debtor for all the expenses incurred to recover the debt?
FAQ #28: Is working in an insurance company under the IT department halal?
FAQ #29: If Riba’ is haram, does that mean we shouldn’t take any loans in Singapore?
FAQ #30: If Riba’ is haram, does that mean we can’t take vehicle loans nor use insurance or deposits to beat inflation?
FAQ #31: What should I do once I get my surplus money from a T-bill investment?
FAQ #32: If Riba’ is haram, how then do we beat inflation rates in today’s economy?
FAQ #33: Are auctions like ebay permissible?
FAQ #34: As a Grab Food or company deliverer, would my earning be halal if I deliver non-halal food or drinks?
FAQ #35: What should I do with haram money such as bank interest?
FAQ #36: Is cashback equivalent to interest?
FAQ #37: Is a Financial Advisor’s income halal?
FAQ #38: Is it permissible to accept company stocks as compensation if its finances make them non-compliant?
FAQ #39: Is it permissible for a civil servant to accept an investment bonus from the Ministry of Home Affairs funded in bonds and equities?
FAQ #40: Is it permissible to take a housing loan to upgrade from HDB to private for wealth preservation, considering similar loan amounts?
FAQ #41: What’s the objective behind Malays saying ‘I buy’ and sellers responding with ‘I sell’ during purchases?
FAQ #42: Is using interest from savings for school bills permissible? If not, alternative suggestions for ethical use?
FAQ #43: Is taking a loan with interest for house upgrade permissible?

Islamic Finance

FAQ #155: Will the Shariah Compliance of a halal ETF be affected if it uses derivatives?
FAQ #146: What’s the difference between an Islamic SME loan vs a Conventional SME loan?
FAQ #44: The direction where Islamic finance is in Singapore
FAQ #45: What’s the difference between an Islamic SME loan vs a Conventional SME loan?
FAQ #46: What is riba (usury), and what does Shariah say about it?
FAQ #47: How are loans associated with usury (riba)?
FAQ #48: Is the loan interest considered as riba?
FAQ #49: How about purchasing a car or motorcycle using a loan for transportation purposes as a consumer?
FAQ #50: How were the Shariah compliance thresholds (33%, 5%, 20%, 49-50%) determined?
FAQ#51: What advice for Muslim finance students, and what are upcoming trends/needs in Singapore’s Islamic Finance industry?
FAQ #52: In Maybank Islamic car financing, if a buyer defaults, does the bank or car dealer repossess the car?

Islamic Economics

FAQ #53: Can the government set a price ceiling?
FAQ #54: Is it permissible to buy sugar at a marked-up price during a shortage, considering certain conditions?
FAQ #55: Is it allowed in Islam to hoard goods and exploit price fluctuations for higher profits later?

Commercial Matters In Islam

FAQ # 154 : Is purchasing pre-order items halal? Is it considered gharar contract?
FAQ #153: Is Atome Shariah-compliant?
FAQ #56: Are we only allowed to say “I buy” and “I sell” in concluding a transaction?
FAQ #57: Is a big-ticket purchase valid without saying ‘I buy’ or ‘I sell’?
FAQ #58: Is selling goods not in possession permissible in Islam?
FAQ #59: Is selling haram items, like cigarettes, allowed in Islam?
FAQ #60: In the context of fishing, can a person sell worms even though worms are haram for consumption?
FAQ #61: Can we sell cow dung for farming, despite its najis status?
FAQ #62: Are non-Muslims allowed to buy or sell the Quran?
FAQ #63: Original branded goods are usually pricey. Is it haram if we buy counterfeit or imitation goods?
FAQ #64: Are auctions permitted in Islam?
FAQ #65: Is bargaining with the seller to reduce purchase price allowed in Islam?
FAQ #66: As discussed previously about the Murabahah method of selling, do Islamic banks use this method as well?
FAQ #67: If Islamic Banks do not adopt interest (riba), why are their services not cheaper than conventional banks?
FAQ #68: Besides selling haram items like drugs, alcohol and so on, are there any forms of trading that are haram?
FAQ #69: If I cancelled my intention to purchase a car or a house, my initial deposit is forfeit. Is this allowed in Islam?
CFAQ #70: Can we buy and sell cats?
FAQ #71: Can a seller sell what does not exist or is not in possession at that moment to a buyer?
FAQ #72: Can a speaker/lecturer promote or sell his book or when giving a lecture or a religious class at a mosque?
FAQ #73: Is numerology permissible in Islam?
FAQ #74: Is charging a late fee for overdue payments considered permissible in Islam or categorized as Riba?
FAQ #75: Is it advisable to entrust expensive jewelry to others, and should the safekeeper reimburse for theft?
FAQ #76: Is it permissible for a seller to impose usage conditions, such as speed limits, on purchased items?
FAQ #77: Are there any concerns in Islam with buying goods based on pictures and descriptions alone?
FAQ #78: Does the wealth disparity between brokers and producers in business contradict Islamic economic principles?
FAQ #79: Is it permissible to sell non-halal meats like lizards and snakes to non-Muslims in some cultures?
FAQ #80: Is it permissible for young and healthy individuals to sell blood, ovary eggs, or semen?
FAQ #81: Is it permissible for a seller to transparently disclose the item’s cost and the intended profit?
FAQ #82: Is it permissible to increase the initially agreed-upon installment price or impose late payment charges?
FAQ #83: Does the higher cost in installment payments compared to lump-sum payments constitute riba in Islam?
FAQ #84: Is it permissible for someone who can afford a lump-sum payment to choose installment payments?
FAQ #85: What is the Islamic ruling on purchasing through installments with a higher net price than cash?
FAQ #86: Is the right to rescind a purchase still applicable if defects are discovered and reported two weeks later?
FAQ #87: Is it permissible to purchase a house through a foreclosure auction, considering the previous owner’s rights?
FAQ #88: Who is liable for damages if a buyer purchases eggs, and some are broken during delivery?
FAQ #89: Is it permissible for an Indonesian seller to sell in Rupiah and a Malaysian buyer to buy in Ringgit?
FAQ #90: Are sale contracts void for a genuinely mentally ill person, and is selling birds in the sky impermissible?
FAQ #91: Is a sale valid with conditions, like waiting for another buyer’s decision, before finalizing the deal?
FAQ #92: Is a transaction valid if the seller quotes S$20, but the buyer insists on buying for S$15?
FAQ #93: Is there a customary order for saying ‘I buy’ or ‘I sell’ first in transactions?
FAQ #94: What is the objective of the Malay tradition of saying ‘I buy’ and the seller responding ‘I sell’?
FAQ #95: Is Dropshipping Halal?
FAQ #148: Is it lawful to patronize a shop that provides financial or in-kind support for unlawful activities against humanity?

Islamic Social Finance

FAQ #96: What is your view on the concept of Waqf Istithmar?
FAQ #97: How do you see waqf as a potential practice for SRI?

Insurance

FAQ #98: Are whole life insurance plans permissible?
FAQ #99: Is there any company in Singapore which offers takaful (islamic insurance)?
FAQ #100: Is investing under Prudential permissible in Islam since they invest mostly in government bodies?
FAQ #101: Are there different zakat rulings for various insurance products, such as whole life and term?
FAQ #102: Is it true that conventional insurance involves uncertainty (gharar) and gambling (maysir) elements?
FAQ #103: What is your view on Malay Muslim groups who sell insurance in Singapore?
FAQ #104: Is this NTUC Insurance policy actually takaful?
FAQ #105: What to do with a non-halal Investment Linked Policy?
FAQ #106: Can I do wakaf with my insurance?
FAQ #107: Why is whole life insurance considered in Singapore due to the absence of takaful? Is this justified?
FAQ #108: Is it permissible to have hospital & accident insurance, considering concerns raised about its permissibility?
FAQ #109: Is there a product known as ‘Islamic insurance, and how does it differ from conventional insurance?
FAQ #110: Is it permissible for financial planners to propose non-shariah-compliant funds to clients with lower risk appetites?
FAQ #111: Is the termination of an insurance policy due to a heart attack halal, and is zakat obligatory?

Cryptocurrency

FAQ #112: Are cryptos classified as an asset or currency?
FAQ #113: What is the ruling on Binance future trading?
FAQ #114: Is using cryptocurrency apps offering guaranteed APY in the chosen currency permissible in Islamic finance?

Investing For Muslims

FAQ #151: Is using a bank loan to start an investment haram?
FAQ #115: How do I go about buying the Maybank Asian Growth & Income Islamic fund?
FAQ #116: Are robo-advisors halal? Like the POSB Robo-advisor/Endowus/Syfe etc
FAQ #117: Some investments only allows for AI, accredited investor. How do you qualify as an AI?
FAQ #118: From legal perspective, can business owners invest their monies on platforms/portfolios not related to the nature of their business ?
FAQ #119: Can we invest through Wahed in Singapore?
FAQ 120: What are the shariah compliant investment funds in ifast?
FAQ #121: Is the Cash+ portfolio in Syfe Wealth halal?
FAQ #122: Are Revolut’s trading features halal?
FAQ #123: Is FTIF Franklin India Fund shariah compliant?
FAQ #124: Are Treasury Bills in Singapore halal?
FAQ #125: Are T-Bills halal to invest in?
FAQ #126: Is webull halal?
FAQ #127: Is the principal amount or the entire investment process through a crowd-investing company in a business insured?
FAQ #128: Is investing in Robo-advisor funds with ESG or Shariah-neutral themes, and “Muslim-friendly” funds permissible in Islam?
FAQ #129: Is it permissible to invest in companies from a country known for harming the general public?

Careers In Islamic Banking & Finance

FAQ #130: What is your view on the concept of Waqf Istithmar?
FAQ #131: Can i have a career in Islamic Banking And Finance without having a degree related to it?

Zakat

FAQ #150: Can Zakat be used for making Qard Hassan (non-interest) loans to poor Muslims for their businesses?
FAQ #147: How to do zakat on halal Sarwa investments?
FAQ #132: When is zakat obligatory for someone’s wealth?
FAQ #133: In a joint account with a parent and child, who is responsible for paying zakat?

Islamic Banking

FAQ #134: What’s the difference between Islamic banking accounts vs conventional banking accounts?
FAQ #135: Why should we support Islamic banks?
FAQ #136: May I know if all CIMB FDs are shariah-compliant? On their website, it is advertised as FD interest rate, rather than hibah rate.
FAQ 137: What’s the difference between CIMB Islamic’s Fastsaver-i and Starsaver-i?
FAQ #138: Is the salary earned while working in a conventional bank considered halal, given its riba-based revenue?
FAQ #139: Is the use of interbank rates (e.g., LIBOR) by Islamic banks permissible in calculating loans?
FAQ #140: What is wadi’ah in Islamic banking, and how does it differ from conventional savings and current accounts?

Estate Planning

FAQ #141: Why is wasiat still important if we want to follow faraid anyway?
FAQ #142: Can one nominate faraid beneficiaries in CPF and ILP while other beneficiaries are alive?
FAQ #149: What’s the Islamic perspective on using Shariah non-compliant tools to amass funds for wakaf, especially when considering conventional insurance plans that pay out upon passing and subsequently nominating those proceeds to wakaf?

Banking Careers

FAQ #143: Is pursuing an MBA relevant for career progression, and is a local or top foreign one better?
FAQ #144: How can an undergraduate plan a finance career while adhering to religious boundaries and ethical considerations?

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Fiqh on money

FAQ #23: Is delaying payment by a debtor allowed?

Understanding Islamic Finance #

Delay in paying a debt when it is due is unlawful in Islam. The prophet (ﷺ) said “Default in payment on the part of a solvent debtor is unjust” (Sahih Al Bukhari 2:999)

FAQ #22: Can I buy gold with credit cards?FAQ #24: Is it permissible to stipulate a penalty on the debtor for a delay in payment?

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Fiqh on money

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Home
About
- Meet The Team
Events
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Resources
RizqX
FAQ
- Ask Your Question
- Questions Library

Home
About
- Meet The Team
Events
Articles
Resources
RizqX
FAQ
- Ask Your Question
- Questions Library