Money

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.

110736

Parents . Khums . Money

My parents give me 5 dollars per week, but they don't hand it over and I have to ask for permission to spend it. Is it considered mine and do I have to pay Khums from that money?

Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 month ago

Money given to you is your money. If any amount of that money remains with you unspent, after one year from owning that amount,then Khums will be obligatory on that remaining amount only.

Wassalam.

107475

Money . Khums . Father . Children

Will a teenage child be held accountable for eating and spending from money on which Khums has not been paid by their father?

No, as the responsibility of paying the Khums is not on him but on his father.

All family members who eat and utilize money are not responsible to pay its Khums because they are not the owners and Khums is obligatory on the owner only.

Wassalam.

97024

Money . Government . Sadaqa (Charity)

In the past I took some money from a government agency without having the right for it. Now I regret it and want to pay it back. Should I repay it to the government or as Sadaqa to poor people?

It is wrong to take money from any government agency with out having the right for it. Muslim should always be sincere , truthful and honest.
'You need to return that money to its owners and if can not, then give it to the poor on behalf of the owners and not as a donation from you.

Wassalam.

103514

Money . Consent . Art

Is it allowed to earn money by selling pictures obtained from public Instagram profiles of other people without their consent?

Harming people is not allowed in Islam. If it does not harm them now or in the future and you are sure that they will never object on it, then it becomes permissible.

Wassalam.

101745

Phone . Money . Shopping

If I bought a phone SIM with Haram money a while back, and I now do online shopping with my legitimate earnings, does the fact that a verification code is sent to that phone render such purchases disallowed?

Haraam money is always Haraam till you give it back to the real owner. You are not allowed to use the SIM which you have purchased with Haraam money till you pay that money back to the real owner or his inheritors.

Wassalam.

100984

Money . Theft

I stole some candy when I was 13-14 years old. Two years later I gave the money back but did not tell them why because I would get into trouble. Is this action still accepted by Allah without telling the owner?

Amina Inloes, Amina Inloes is originally from the US and has a PhD in Islamic Studies from the University of Exeter on Shi'a hadith. She is the program leader for the MA Islamic Studies program at the... Answered 6 months ago

Inshallah it is ok.

Maybe they already knew or understood.

92216

Nazr . Money

Can we do a Nazr without having to pay money?

Yes of course. Nazr does not necessarily mean paying money but it can be doing something like praying a Namaz or Quran or Du'a or going for Ziyarat or Umra.

Wassalam.

64229

Money . Investment . Cryptocurrency

Is it permissible to invest money in cryptocurrencies?

Yes it is permissible like any other business as far as it is real business and not gambling nor cheating in selling something which is not existing.

Wassalam.

99280

Brother . Money . Father . Loan

My brother entrusted me with his money and my dad asked that I should lend him some money from it. Am I allowed to do that?

Zaid Alsalami, Shaykh Dr Zaid Alsalami is an Iraqi born scholar, raised in Australia. He obtained a BA from Al-Mustafa University, Qom, and an MA from the Islamic College in London. He also obtained a PhD from... Answered 7 months ago

Bismihi ta'ala

If you know that your brother would be ok with you using his amanah in a wise and responsible way, and that you would return it back to your brother once he asks for it, then you are allowed to lend that money to your father.

And Allah knows best.

97233

Khums . Money

Do I have to pay Khums from money I have saved in order to pay for Khums due on the rise in value of shares that I own in my company?

Khums is obligatory on everything you own on the day of your Khums. Rise in shares value means increase in your wealth, which must be calculated as part of your owning.

Wassalam.

96415

Loan . Money . Khums

If I have given a loan from money on which I have already paid Khums, do I have to pay Khums on it when it is repaid to me and I do not use it for my expenses in that year?

If you have already paid it's Khums, then no Khums again on the remaining amount because it has been already purified by paying its Khums.

'Wassalam.

93923

Money . Lie

A person has borrowed some money from me but he isn't giving it back even after being requested for it many times. Can I ask him to return my money giving a false excuse?

You have full right to get back your money from him through any lawful way but not through false statements. Lying is forbidden.

'Wassalam.