Topic
Islamic finance & business fatwa
Questions about business and finance: buying and selling, interest (riba), banks, loans and debts, insurance, investments, shares and crypto, employment and salaries, rent, leases and partnerships.
7,856 fatawa from 10 South African Darul Iftas (topics are assigned from each Darul Ifta’s own categories and titles, so the count is approximate). Every fatwa links to the page where its Darul Ifta published it.
By Darul Ifta
Most-asked on this topic
- Is insurance permissible?
- What should I do with bank interest?
- Is working in graphic design, IT or marketing permissible?
- Is it permissible to avoid paying tax?
- Are pension funds and retirement annuities permissible?
- How should profit and loss be shared in a partnership?
- Is using a credit card permissible?
- Are lotto, raffles and competitions permissible?
- Is taking a home loan (bond) permissible?
- Is taking commission as an agent permissible?
Business & Finance fatawa from each Darul Ifta
- Mufti Online8 Oct 2026
Charging a person one's expenses to deliver a loan to him
With regards to these two fatwas, I have the following questions: https://muftionline.co.za/node/36923 https://muftionline.co.za/node/36922 My…
Mufti Zakaria Makada - AskImam18 Sep 2025
Can I take an interest-based loan to pay off the interest on my credit cards?
Assalamualaykum, i understnad interst is haramm. i am currently in approxiamate £30,000 debts spread of several credit cards. when i took these…
Ebrahim Ibn Ahmed Dadan - Ibn Masood5 Oct 2026
Bank Charges And Service Fees
I hold a credit card which I rarely use. I do understand that while it is permissible to use a credit card as long as repayments are made within the…
Mufti Ahmed Saeed - Azaadville9 Sep 2026
Returns And Refunds In An Online Business
I am hoping to start an online business. I would like to sell clothes and it will be very difficult to accept returns and exchanges. Will it be…
- Jamiat KZN16 Oct 2026
Giving Interest funds to a poor Muslim
Is it permissible to give interest money to a poor Muslim? Or should we give it only to non-Muslims?
Mufti Muhammed Hamza Farooqui - MUBZ17 Jun 2026
Paying Traffic Fines with Interest Money
Can a person use interest money to pay traffic fines?
- Camperdown5 Oct 2026
Using NSF Payments [Mauritius] to Pay Mortgage Interest in Canada?
Here is my question about using interest money to pay mortgage interest. I am paying mortgage for my house in Canada. I have the principal amount…
Abdour-Rahmaan Lim Voon Heek - MJC18 Nov 2025
Seeking Debt Counselling
With regards to your query regarding the permissibility of seeking debt counseling, please be advised: Our understanding of the process of debt…
Mufti Abdurragmaan Khan - DU Zakariyya
I loaned someone money which would be paid back after 3 years. Do I have to pay Zakaat on it?
I loaned someone money which would be paid back after 3 years. Do I have to pay Zakaat on it?
- Amjadi27 Nov 2024
TAKING MORTGAGES AND HOME LOANS IN A NON-MUSLIM COUNTRY
My name is Jawwad Patel, I have question which is quite confusing and I couldn’t find a clear answer for that. In Australia, I would like to know if…
Mohammad Quaiser Ali Razvi Misbahi - Mufti Online23 Sep 2026
Taking a student scholarship from a bank
Is it permissible in Islam to take a student scholarship from a riba based bank? The father is a guard man and the mother is a cook.
Mufti Ebrahim Salejee - AskImam8 Sep 2025
Please could you answer the following question.
As-Salaam-u-alaikum, At my local mosque i have noticed that every time the prophets(pbuh) name is mentioned, some people kiss there thumbs then…
Moulana Muhammad ibn Moulana Haroon Abbassommar - Ibn Masood15 Sep 2026
Crypto-currency Spot Trading
Is it permissible to buy and hold Crypto-currency (spot)? Are there some Halaal coins, or is it not permissible in general? Some restaurants and…
Mufti Abdul Kader Fazlani - Azaadville1 Aug 2026
Fractional/Co-Ownership Gold Investments
I would like to find out if it will be permissible to use this digital platform to purchase any fraction of physical gold & silver bullion or…
- Jamiat KZN6 Nov 2025
The Islamic Ruling on Requesting Repayment of a Loan
I gave a friend a loan two years ago. Recently, I’ve been in financial difficulty and would like the money back, but my friend hasn’t made any…
Mufti Muhammed Hamza Farooqui - MUBZ17 Jun 2026
Liability After an Accident and Third-Party Insurance
An accident occurred in March 2025. On reversing from my mother’s driveway, vision was obstructed and my vehcile bumped into a third party vehicle.…
- Camperdown21 Sep 2026
Falling into Sin: Should I Marry Despite Lacking Maturity, a Job and Financial Means?
Assalamu Alaykum Q1) Should a Muslim man living in a Western country get married because he is falling into sin even though he is not mentally…
Abdour-Rahmaan Lim Voon Heek - MJC17 Jun 2025
ًWhat is the Ruling on Phone Contracts with Services?
1. The contract includes both the physical phone and services such as data, airtime, and SMSs. Since separate prices are shown for the phone and the…
Mufti Abdurragmaan Khan - DU Zakariyya
If you have cash of R1 million in the bank account, but you owe R1 million on your house, can you set off the bank balance with the loan?
If you have cash of R1 million in the bank account, but you owe R1 million on your house, can you set off the bank balance with the loan? The reason…
- Mufti Online10 Sep 2026
Claiming from one's friend who invested one's money with a third party
I have a friend who makes investments with various investors' money and gives a percentage of the profits to the investors. This friend approached…
Mufti Zakaria Makada - AskImam4 Sep 2025
Repaying a loan in a different currency
A loan gave in foreign currency Is it to be repaid at the rate of the loan given or current rate if not returned in the same currency?
Ikraam Elias Gangat - Ibn Masood7 Sep 2026
Rental On Inherited Property
An unmarried adult daughter occupies three commercial shops belonging to a family property. Her father allowed this during his lifetime, but he also…
Mufti Abdul Kader Fazlani - Azaadville28 Jul 2026
Payout On A Voluntary Life Insurance Policy
If a person has a life insurance policy which pays out money once the person passes away, will it be permissible to distribute that money as…
- Jamiat KZN20 Aug 2024
Adhering to Islamic business ethics when transacting
An agreement was made between the buyer and seller for payment to be made in three monthly installments. In the first month, the full amount was…
Mufti Muhammed Hamza Farooqui - MUBZ17 Jun 2026
Why Ribā (Interest) is Ḥarām
Assalamu Alaykum I have been asked by several non-Muslims as to why we Riba(interest) is haram I have explained to them that paying interest is a…
- Camperdown11 Sep 2026
Purchasing a Vehicle Through a Bank with a Fixed Interest Rate
Assalamualaykum Respected mufti saheb Can a vehicle be purchased on high purchase through a bank with the interest rate fixed throughout the payment…
Abdour-Rahmaan Lim Voon Heek - MJC4 Nov 2024
Is it permissible to operate a drop shipping business?
1. Our current understanding of “drop shipping” is that it is a business model in which a seller does not physically own or possess the item but…
Mufti Abdurragmaan Khan - DU ZakariyyaUrdu
بٹ کائن (Bitcoin) کرنسی سے خرید و فروخت کرنے کا حکم:
آج کل مارکیٹ میں ایک کرنسی عروج پر ہے جس کو بٹ کائن کرنسی کہتے ہیں، میں اس کی حقیقت جاننا چاہتا ہوں، نیز اس سے تجارت کرنے کا کیا حکم ہے؟ بینوا…
- Mufti Online30 Aug 2026
Renting an apartment to a music teacher
I have a small apartment, can I rent it to a tenant who is a music teacher in school? Is it permissible?
Mufti Zakaria Makada - AskImam28 Aug 2025
Accounting services to clients who wish to evade taxes - Is this permissible?
Assalamu Alaikum, I work as an accountant and prepare tax returns for clients who are business owners in North America. My clients provide me with…
Bilal Yusuf Pandor - Ibn Masood26 Aug 2026
Demise Of Business Partner
Below is a Business Share agreement: Initially, Partner A controlled 60%, and Partner B controlled 40%. Over time, changes were made between both…
Mufti Abdul Kader Fazlani - Azaadville22 Jun 2026
Opening an Interest-Bearing Bank Account
I have a _____tec bank account. The account, like other accounts, incurs interest every month. The bank has recently introduced a new type of…
- Jamiat KZN1 Aug 2024
Dealing with repeat beggars
How do you deal with beggars who keep coming back to your door? What is the correct ruling? We give one and so many more come. What is the Islamic…
Mufti Moosa Salie - MUBZ25 Aug 2025
Docking Employee Wages for Late Clock-ins
بِسْمِ اللّٰهِ الرَّحْمٰنِ الرَّحِيم السلام عليكم ورحمة الله وبركاته I humbly request your guidance and a detailed, evidence-based response…
- Camperdown6 Aug 2026
“two contracts in one contract” – YAGA
There is a website called Yaga where one can buy and sell items. However, at checkout, a buyer protection fee is charged. I would like to know…
Baba Abu Bakr - MJC21 Sep 2023
Investing in Nasdaq100 and S&P500
1. We are unable to directly assess the nature of the individual companies listed within the Nasdaq100 or the S&P500. However, you can refer to…
Mufti Abdurragmaan Khan - DU ZakariyyaUrdu
(Transit insurance) ٹرانزٹ انشورنس کا حکم:
کیا ٹرانزٹ انشورنس جائز ہے یا نہیں؟ مثلاً: جنوبی افریقہ سے بوٹسوانا تک، کیوں کہ گزشتہ مہینہ ایک دوست کی گاڑی لوٹ لی گئی تھی، جس میں تقریباً دو لاکھ…
- Mufti Online20 Aug 2026
Charging the EFT charges when giving someone a loan
My friend asked me for a loan of R10 000. He said that he will pay me back the R10 000 after a week. There is no extra amount that I asked him to…
Mufti Zakaria Makada - AskImam21 Aug 2025
Is it permissible to use leverage to trade?
Salaam I asked a question earlier but just need to change it a bit I wanted to know if it is permissible to buy shares in the following way. Example…
Zaakir Ismail - Ibn Masood12 Aug 2026
Life Insurance
My mother has taken out 3 life insurance policies for 3 of us siblings. My mother lives with my brother who takes care of all her needs. We have…
Mufti Ahmed Saeed - Azaadville11 Jun 2026
Penalising A Tenant For Late Or Non-Payment Of A Rental Amount
If a tenant does not pay the rental on time or does not pay the rental at all, can the tenant be penalised? What action can be taken if the tenant…
- Jamiat KZN10 May 2023
Demanding extra for an old debt due to inflation
I wanted to enquire regarding a debt that was owed from the past. My family and I recently found out that we have an amount that is owing to a…
Mufti Moosa Salie - MUBZ12 Jun 2025
Cryptocurrencies, Meme Coins & Investing in Shares
As-salamu alaykum, I hope this message finds you in the best of health and spirits. I have a few inquiries regarding trading and would greatly…
- Camperdown13 Apr 2026
Business query – Ewaste
As-salāmu alaykum wa-rahmatullāhi wa-barakātuh Respected Ulama, Hope & pray to almighty Allah; this mail finds you in best shape of Life & Imaan.…
Abdour-Rahmaan Lim Voon Heek - MJC14 Sep 2023
How to deal with Education and Car loans
My advice regarding your debt is as follows: If you have the financial means to settle your debt, it is advisable to prioritize paying off the debt…
Mufti Abdurragmaan Khan - Mufti Online20 Aug 2026
Charging petrol money to deliver the loan amount
My friend asked me for a loan of R100 000. He asked me to bring the money to him. I live in Pmb and he lives in Durban. Is it permissible for me to…
Mufti Zakaria Makada - AskImam23 Jul 2025
Investing in Bitcoin & Crowdfunding - Is it permissible?
Salaams, I hope you're well. I would like to know if two things are permissible to invest in; 1. Bitcoin 2. Crowdfunding on buy to let houses…
Bilal Yusuf Pandor - Ibn Masood22 Jul 2026
Investment Scam
A person approached different individuals and asked them to give him money for business purposes. For example, he would say, “Give me R100 000. I…
Mufti Abdul Kader Fazlani - Azaadville4 Jun 2026
Handling/Re-Stocking Fees On Returned Items
Are handling fees charged to customers who return goods permissible in islam? Or is it akin to ribah (interest)?
- Jamiat KZN23 Nov 2022
Are staff responsible for money stolen in a business?
Q. I work as a manager in a spare parts shop. My boss had put+/- 37,000 Kenyan shillings in a drawer below the counter. My boss told me to give it…
- MUBZ12 Jun 2025
Taking a Salary from a Partnership & Masbūq Leading Others in Ṣalāh
1) can an active partner in a partnership take a salary on his own? without a prior consult and agreement with his partner? 2) i notice that…
- Camperdown6 Apr 2026
Rent After Purchasing a Shared Property
Two individuals, Zaid and Bakr, each own a 50% share of a property. Zaid has now purchased Bakr’s 50% share through instalments. The question is: to…
Baba Abu Bakr - MJC29 Jul 2023
Using interest for traffic fines
The opinion that permits the payment of traffic fine with interest is based upon the contention that the levying of traffic fines is an injustice.…
Mufti Taha Karaan - Mufti Online20 Aug 2026
Getting involved in an interest transaction
My daughter works in a health company. Few days back one of her colleagues asked for 1000 dirhams from each person to give daman company and in…
Mufti Zakaria Makada - AskImam4 Jun 2025
I have taken a home loan. Is Qurbani Wajib upon me?
i want to know if ever we have the right to do qurbani when we have a home loan ? Do we get the sawaab for even a sadaqa ?
Jibran Kadarkhan - Ibn Masood13 Jul 2026
Stock Market
Is it permissible to invest in stocks and shares?Are all stocks and shares based on interest? I have seen many Muslims seek Shari’ah complaint…
Mufti Abdul Kader Fazlani - Azaadville9 May 2026
Accepting Gifts From Someone Employed At A Bank
A few years ago I had the opportunity of performing hajj. My sister had gifted me some money towards my hajj. At that time she used to work for…
- Jamiat KZN14 Nov 2022
Benefitting from a Company Insurance policy
Q. I am working for a company and the company I work for has taken out an insurance policy for me. They are paying for it and I am not paying for it…
- MUBZ13 May 2025
Working As an Accountant for a Company That Deals with Interest
Assalamualaikum warahmatullahi wabarakatuh. I have a question regarding permissibility on working as an accounting/ in the field. I’ve read a hadith…
- Camperdown29 Dec 2025
Managing the Financial Affairs of an Alzheimer Patient
In Shariah, how should an Administrator (someone in charge) of the financial affairs of a parent who has been medically diagnosed with Alzheimers…
Baba Abu Bakr
See all 7,856 Business & Finance fatawa · Glossary of terms · Compare rulings side by side
Read-only index of fatawa already published by South African Darul Iftas, each linked to its original. Not a fatwa service — for your own situation, ask the issuing Darul Ifta.