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.

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?

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 2 weeks ago

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?

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 2 months ago

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.

63145

Husband . Money

My husband and I have a joint account where we both regularly contribute similar amounts. He wishes to save and does not want me to withdraw from it. Can I therefore take money from his wallet without his knowledge as a means to access my funds?

Abbas Di Palma, Shaykh Abbas Di Palma holds a BA and an MA degree in Islamic Studies, and certifications from the Language Institute of Damascus University. He has also studied traditional Islamic sciences in... Answered 9 months ago

as salam alaikum

the wallet of your husband is considered as his property, so it is not right to take money from it without is approval.

In the mentioned case, the best thing would be to reach an agreement between you and your husband where you can save and share your money in fair and satisfactory way for both. If it is not possible, starting two separated accounts could be another option.

Islamically, the wife's money belongs to her and she can use in halal way at her discretion; therefore the husband has no right to prevent her from them unless there is a previous agreement that allows him to do that.

With prayers for your success.

70798

Money . Gift . Greed

I have a friend who wants to give me money to help me with my financial situation. They ask for nothing in return and to just accept the gift. Is this considered greed?

as salam alaikum

islamically, there is nothing wrong in accepting a gift. If you feel a "burden" from what is given to you, you can persuade your friend to give those money in charity elsewhere or you can yourself give them as charity.

However if you are in need of money for basic living to the point that it is a matter of survival for you and/or people depending on you, you should accept the gift and thank Allah for His mercy.

With prayers for your success.

62793

Money

Are we allowed to attend a wedding that we are invited to even if we know that money earned by the groom is not righteous?

If all his income is forbidden, then it will not permissible to take part.

Wassalam.

62293

Money . Sleep . Anxiety . Fraud

Someone defrauded me and as a result I lost a large amount of money and can no longer sleep peacefully due to worry and anxiety. How should I understand why this happened to me from the Islamic point of view?

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 year ago

I am sorry to hear you went through that. I hope you are not suffering too much on a practical level from your loss.

As human beings, we are subject to two forces regarding money: the will/sustenance of God, and the free will of human beings.

Sustenance, as something from God, is greater at some times and less at other times. There are times when we receive more than we fairly should, and there are times when we unjustly lose money or other people take it from us (legally or illegally). In general these things balance out. However, God has promised to sustain everyone, and just because you have lost money now does not mean that it will not come back in some way.

From a human perspective, while one person has the free will to take money from another, that money will not have blessings and that person will probably not enjoy it long term or will lose out in another way.

Money comes and goes, but what we have is our character and our good deeds. Perhaps the best thing to do is to be grateful that you are a person of good character, you are not a thief or an embezzler, and you are free from the burden of this sin that the other person has committed. You may be anxious now, but thieves never sleep easily!

As for other reasons why it happened.. that is really a matter specific to your situation. Sometimes people take money from us because we are sympathetic, sometimes because we are deceived, sometimes because we are careless, sometimes because they are better at playing games with the law, or other reasons. I am sure you can identify what the reason was and learn whatever lesson you can from it. If your motives for giving money were sympathy or to invest in something positive or something similar, then surely this is something praiseworthy and again you can be at peace knowing that at least you made a good decision.

Beyond that, it is good to spend some time in prayer and ask Allah why this happened. There are many reasons that things happen to us (our own free will, a divine test, part of the divine plan, etc) and perhaps a higher wisdom may become clear. Also, money is often a tool used to push us towards where we should be in life (for instance, needing to go to a certain country or city for work, or needing to leave a place or change our plans in life for financial reasons).

Also you can ask Allah to protect you from this happening again.

I hope that your financial situation improves and you will be feeling better soon!

60360

Husband . Wife . Money

If a husband spends on his wife and one day he does not have money, can he take money from his wife without her permission considering it his own?

No, it is not permissible for the husband to take from his wife's money with out her permission. Wife's money is her money only and there is no right for her husband to think that it is his money.

All the livelihood expenses of the wife is on her husband even f she is a rich woman, and whatever he spends on her is her right on him and not loan on her.

Wassalam.