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.

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?

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 3 weeks ago

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 1 month 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 1 month 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.

92600

Khums . Money . Employment

Should I pay Khums even though I do not work but am still getting pocket money?

Bismihi ta'ala

In the case of khums payment, it is not dependent on whether you work or not. It is a matter of what you have when your khums date comes. Should you have any savings that you have not paid khums on before, and it is your pure excess and savings from that year, then you will need to pay khums on it.

In addition to this, another case of khums being applicable on you would be items that you own and are new and you have not used.

Please refer to your Marja' taqleed for detailed information.

And Allah knows best.

92619

Money . Wedding

Is it allowed to throw money in the air at a wedding function?

Wasting money is forbidden in Islam and considered as one of the major sins, but if money is been thrown in the air then collected by children or participants in the wedding as a gift for them to make them happy, it will not be wasting money but gifting it to the children or participants. Gifting money should be within the moderate levels and not over the limits, otherwise if the amounts were over the moderate limits, or just for show, it will be then not permissible. If you know any part of the thrown money will be wasted, then it will be not permissible to waste any money.

Wassalam.

89765

Money . Prize Bond

Is the money that we get from winning a prize bond permissible? Does it make a difference whether the prize bond is operated by a non-Muslim or Muslim majority country?

If the bonds funds are invested in lawful business, it will be then permissible to invest in it and to use the income from it. It makes no difference whether it is in Muslim or non Muslim country as far as the money is invested in lawful business.

Wassalam.

81257

Money . Imam Ali

I have heard that Imam Ali once scolded Qambar for having a small amount of money saved. Is this true? If so, what does this mean for us to have savings or to be wealthy?

It is not wrong to have savings or to be wealthy if you have given all the obligatory dues of Khums, Zakat etc.

The reason and intention behind saving and collecting wealth should be noble i.e. to do more good, and not ust to accumulate wealth or to show off. Some wealthy persons think that their wealth is the main pillar of their strength forgetting Allah and the Day of Hereafter. Such thought makes the wealth a curse on them and not a bounty. Allah says in Quran (Woe to every slanderer and backbiter, Who accumulated wealth and counted it, He thinks that his wealth will make last forever) Sura 104, Verse 1 to 3.

Wassalam.