Financial Transactions in Islam

Financial Transactions in Islam | Sheikh Abu Talha

Different aspects of financial transactions that are allowed and not allowed in Islam. Also questions related to pension, credit cards, banking, riba were answered by Abu Talha

Comments

Dondidlion said…

Salaam.

A new law (UK) means that every employer must automatically enrol workers into a workplace pension scheme.

https://www.gov.uk/workplace-pensions/about-workplace-pensions

So in August a part of my salary will be deducted to go into this scheme. After I have been enrolled do I need to opt out?

Jazaakallaahu khayr

Thursday, June 26, 2014

An advice to Muslims working in the financial sector

Assalam wa alaikum wa rahmatullah wabarakatahu, Dear Brothers & Sisters, We are saddened to see Muslims today even those who practise many of the rules of Islam are working in jobs which involve haram in the financial sector. They are working in positions which involve usurious (Riba) transactions, insurance, the stock market and the like. Even though many of the clear evidences regarding the severity of the sin of Riba are known, some have justified their job to themselves thinking that they are safe as long as they are not engaged in the actual action of taking or giving Riba. Brothers & Sisters, You should know that the majority of jobs in the financial sector, even the IT jobs in this area are haram (prohibited) as they involve the processing of prohibited contracts. If you work in this sector, do not justify your job to yourself because of the fear of losing your position or having to change your career, fear Allah as he should be feared and consider His law regard

Q&A: Age of separating children in the beds?

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