Skip to content

Home
About
- Meet The Team
Events
Articles
Resources
RizqX
Purifai
FAQ
- Ask Your Question
- Questions Library

Stock investing

FAQ #1: Should the use of the one third ruling for Shariah screening be reconsidered?
FAQ #2: Does the Sharia Screening of SRI presented follows certain school of Fiqh or is it common to all schools?
FAQ #3: Can we say responsible investing, SRI and ESG are taken care of by Shariah compliant investments?
FAQ #4: Are there any investments that specifically exclude investment in illegally occupied Palestine ?
FAQ #5: We have some standards mentioned by scholars which give a 33% of interest but where is the source of that?
FAQ #6: Does index screening consider contract methods like sukuk, musharakah, mudarabah, etc.?
FAQ #13: Can Shariah screening apply to Islamic Microfinance via MIVs, or does it require a specific framework for unique features?
FAQ #7: Is merely being Shariah compliant sufficient to meet the objectives of Shariah?
FAQ #11: Sabana removes Shariah compliance; Is it advisable for my fiancé to keep or liquidate his units?
FAQ #8: Is options trading in line with Islam, considering down-payment comparisons?
FAQ #9: Isn’t investing in the stock market also gambling?
FAQ #10: Is the debt to market cap ratio AAOIFI’s new stock screening standard for Shariah-compliant funds?
FAQ #12: What makes stock market investments halal? Which companies to avoid? Are tech and commodity investments, like Apple or gold, halal?
FAQ #14: What’s the boundary for halal investors to invest in a company with military-related activities or equipment?

Personal finance

FAQ #15: What would a very good financial habit you particularly suggest the youth could follow and gain benefit from?
FAQ #16: As youth, how to start Shariah-compliant investing for income, ensuring ethical choices and financial growth?

Fiqh on money

FAQ #42: Is using interest from savings for school bills permissible? If not, alternative suggestions for ethical use?
FAQ #41: What’s the objective behind Malays saying ‘I buy’ and sellers responding with ‘I sell’ during purchases?
FAQ #17: Is it true that CPF interest is not considered riba according to MUIS fatwa?
FAQ #40: Is it permissible to take a housing loan to upgrade from HDB to private for wealth preservation, considering similar loan amounts?
FAQ #18: What are the parameters for Darurah or Hajah?
FAQ #19: Why there are divergent views of allowing or not allowing to buy a 2nd property with usurious loans?
FAQ #20: Are there any similar fatwa globally for the position above (on taking a second usurious loan)?
FAQ #39: Is it permissible for a civil servant to accept an investment bonus from the Ministry of Home Affairs funded in bonds and equities?
FAQ #21: Is it haram to trade Forex?
FAQ #22: Can I buy gold with credit cards?
FAQ #23: Is delaying payment by a debtor allowed?
FAQ #24: Is it permissible to stipulate a penalty on the debtor for a delay in payment?
FAQ #25: Can I as the creditor sell the mortgaged assets to pay off the debt?
FAQ #26: Can the creditor demand full payment of the debt for one failed installment?
FAQ #27: Can I charge my debtor for all the expenses incurred to recover the debt?
FAQ #28: Is working in an insurance company under the IT department halal?
FAQ #38: Is it permissible to accept company stocks as compensation if its finances make them non-compliant?
FAQ #29: If Riba’ is haram, does that mean we shouldn’t take any loans in Singapore?
FAQ #30: If Riba’ is haram, does that mean we can’t take vehicle loans nor use insurance or deposits to beat inflation?
FAQ #31: What should I do once I get my surplus money from a T-bill investment?
FAQ #32: If Riba’ is haram, how then do we beat inflation rates in today’s economy?
FAQ #33: Are auctions like ebay permissible?
FAQ #34: As a Grab Food or company deliverer, would my earning be halal if I deliver non-halal food or drinks?
FAQ #35: What should I do with haram money such as bank interest?
FAQ #36: Is cashback equivalent to interest?
FAQ #37: Is a Financial Advisor’s income halal?
FAQ #43: Is taking a loan with interest for house upgrade permissible?
FAQ #145: Is money earned from working in the IT Department of a casino firm halal?
FAQ #152: Is a mortgage advisor job halal?
FAQ #156: Can I donate bank interest from a late family member’s account to Wakaf?

Islamic Finance

FAQ #44: The direction where Islamic finance is in Singapore
FAQ#51: What advice for Muslim finance students, and what are upcoming trends/needs in Singapore’s Islamic Finance industry?
FAQ #146: What’s the difference between an Islamic SME loan vs a Conventional SME loan?
FAQ #45: What’s the difference between an Islamic SME loan vs a Conventional SME loan?
FAQ #52: In Maybank Islamic car financing, if a buyer defaults, does the bank or car dealer repossess the car?
FAQ #46: What is riba (usury), and what does Shariah say about it?
FAQ #47: How are loans associated with usury (riba)?
FAQ #48: Is the loan interest considered as riba?
FAQ #49: How about purchasing a car or motorcycle using a loan for transportation purposes as a consumer?
FAQ #50: How were the Shariah compliance thresholds (33%, 5%, 20%, 49-50%) determined?
FAQ #155: Will the Shariah Compliance of a halal ETF be affected if it uses derivatives?

Islamic Economics

FAQ #54: Is it permissible to buy sugar at a marked-up price during a shortage, considering certain conditions?
FAQ #55: Is it allowed in Islam to hoard goods and exploit price fluctuations for higher profits later?
FAQ #53: Can the government set a price ceiling?

Commercial Matters In Islam

FAQ #94: What is the objective of the Malay tradition of saying ‘I buy’ and the seller responding ‘I sell’?
FAQ #56: Are we only allowed to say “I buy” and “I sell” in concluding a transaction?
FAQ #93: Is there a customary order for saying ‘I buy’ or ‘I sell’ first in transactions?
FAQ #57: Is a big-ticket purchase valid without saying ‘I buy’ or ‘I sell’?
FAQ #92: Is a transaction valid if the seller quotes S$20, but the buyer insists on buying for S$15?
FAQ #91: Is a sale valid with conditions, like waiting for another buyer’s decision, before finalizing the deal?
FAQ #58: Is selling goods not in possession permissible in Islam?
FAQ #90: Are sale contracts void for a genuinely mentally ill person, and is selling birds in the sky impermissible?
FAQ #59: Is selling haram items, like cigarettes, allowed in Islam?
FAQ #60: In the context of fishing, can a person sell worms even though worms are haram for consumption?
FAQ #61: Can we sell cow dung for farming, despite its najis status?
FAQ #89: Is it permissible for an Indonesian seller to sell in Rupiah and a Malaysian buyer to buy in Ringgit?
FAQ #88: Who is liable for damages if a buyer purchases eggs, and some are broken during delivery?
FAQ #62: Are non-Muslims allowed to buy or sell the Quran?
FAQ #63: Original branded goods are usually pricey. Is it haram if we buy counterfeit or imitation goods?
FAQ #64: Are auctions permitted in Islam?
FAQ #87: Is it permissible to purchase a house through a foreclosure auction, considering the previous owner’s rights?
FAQ #86: Is the right to rescind a purchase still applicable if defects are discovered and reported two weeks later?
FAQ #85: What is the Islamic ruling on purchasing through installments with a higher net price than cash?
FAQ #84: Is it permissible for someone who can afford a lump-sum payment to choose installment payments?
FAQ #83: Does the higher cost in installment payments compared to lump-sum payments constitute riba in Islam?
FAQ #82: Is it permissible to increase the initially agreed-upon installment price or impose late payment charges?
FAQ #65: Is bargaining with the seller to reduce purchase price allowed in Islam?
FAQ #81: Is it permissible for a seller to transparently disclose the item’s cost and the intended profit?
FAQ #66: As discussed previously about the Murabahah method of selling, do Islamic banks use this method as well?
FAQ #67: If Islamic Banks do not adopt interest (riba), why are their services not cheaper than conventional banks?
FAQ #68: Besides selling haram items like drugs, alcohol and so on, are there any forms of trading that are haram?
FAQ #69: If I cancelled my intention to purchase a car or a house, my initial deposit is forfeit. Is this allowed in Islam?
FAQ #80: Is it permissible for young and healthy individuals to sell blood, ovary eggs, or semen?
FAQ #79: Is it permissible to sell non-halal meats like lizards and snakes to non-Muslims in some cultures?
CFAQ #70: Can we buy and sell cats?
FAQ #78: Does the wealth disparity between brokers and producers in business contradict Islamic economic principles?
FAQ #71: Can a seller sell what does not exist or is not in possession at that moment to a buyer?
FAQ #77: Are there any concerns in Islam with buying goods based on pictures and descriptions alone?
FAQ #72: Can a speaker/lecturer promote or sell his book or when giving a lecture or a religious class at a mosque?
FAQ #76: Is it permissible for a seller to impose usage conditions, such as speed limits, on purchased items?
FAQ #75: Is it advisable to entrust expensive jewelry to others, and should the safekeeper reimburse for theft?
FAQ #73: Is numerology permissible in Islam?
FAQ #74: Is charging a late fee for overdue payments considered permissible in Islam or categorized as Riba?
FAQ #95: Is Dropshipping Halal?
FAQ #148: Is it lawful to patronize a shop that provides financial or in-kind support for unlawful activities against humanity?
FAQ #153: Is Atome Shariah-compliant?
FAQ # 154 : Is purchasing pre-order items halal? Is it considered gharar contract?

Islamic Social Finance

FAQ #97: How do you see waqf as a potential practice for SRI?
FAQ #96: What is your view on the concept of Waqf Istithmar?

Insurance

FAQ #98: Are whole life insurance plans permissible?
FAQ #99: Is there any company in Singapore which offers takaful (islamic insurance)?
FAQ #100: Is investing under Prudential permissible in Islam since they invest mostly in government bodies?
FAQ #110: Is it permissible for financial planners to propose non-shariah-compliant funds to clients with lower risk appetites?
FAQ #101: Are there different zakat rulings for various insurance products, such as whole life and term?
FAQ #109: Is there a product known as ‘Islamic insurance, and how does it differ from conventional insurance?
FAQ #102: Is it true that conventional insurance involves uncertainty (gharar) and gambling (maysir) elements?
FAQ #103: What is your view on Malay Muslim groups who sell insurance in Singapore?
FAQ #108: Is it permissible to have hospital & accident insurance, considering concerns raised about its permissibility?
FAQ #107: Why is whole life insurance considered in Singapore due to the absence of takaful? Is this justified?
FAQ #111: Is the termination of an insurance policy due to a heart attack halal, and is zakat obligatory?
FAQ #104: Is this NTUC Insurance policy actually takaful?
FAQ #105: What to do with a non-halal Investment Linked Policy?
FAQ #106: Can I do wakaf with my insurance?

Cryptocurrency

FAQ #112: Are cryptos classified as an asset or currency?
FAQ #113: What is the ruling on Binance future trading?
FAQ #114: Is using cryptocurrency apps offering guaranteed APY in the chosen currency permissible in Islamic finance?

Investing For Muslims

FAQ #115: How do I go about buying the Maybank Asian Growth & Income Islamic fund?
FAQ #116: Are robo-advisors halal? Like the POSB Robo-advisor/Endowus/Syfe etc
FAQ #128: Is investing in Robo-advisor funds with ESG or Shariah-neutral themes, and “Muslim-friendly” funds permissible in Islam?
FAQ #117: Some investments only allows for AI, accredited investor. How do you qualify as an AI?
FAQ #118: From legal perspective, can business owners invest their monies on platforms/portfolios not related to the nature of their business ?
FAQ #119: Can we invest through Wahed in Singapore?
FAQ #127: Is the principal amount or the entire investment process through a crowd-investing company in a business insured?
FAQ #129: Is it permissible to invest in companies from a country known for harming the general public?
FAQ 120: What are the shariah compliant investment funds in ifast?
FAQ #121: Is the Cash+ portfolio in Syfe Wealth halal?
FAQ #122: Are Revolut’s trading features halal?
FAQ #123: Is FTIF Franklin India Fund shariah compliant?
FAQ #124: Are Treasury Bills in Singapore halal?
FAQ #125: Are T-Bills halal to invest in?
FAQ #126: Is webull halal?
FAQ #151: Is using a bank loan to start an investment haram?
FAQ #157: What to do with a REIT that has become Shariah non-compliant?

Careers In Islamic Banking & Finance

FAQ #130: What is your view on the concept of Waqf Istithmar?
FAQ #131: Can i have a career in Islamic Banking And Finance without having a degree related to it?

Zakat

FAQ #133: In a joint account with a parent and child, who is responsible for paying zakat?
FAQ #132: When is zakat obligatory for someone’s wealth?
FAQ #147: How to do zakat on halal Sarwa investments?
FAQ #150: Can Zakat be used for making Qard Hassan (non-interest) loans to poor Muslims for their businesses?

Islamic Banking

FAQ #134: What’s the difference between Islamic banking accounts vs conventional banking accounts?
FAQ #139: Is the use of interbank rates (e.g., LIBOR) by Islamic banks permissible in calculating loans?
FAQ #138: Is the salary earned while working in a conventional bank considered halal, given its riba-based revenue?
FAQ #135: Why should we support Islamic banks?
FAQ #140: What is wadi’ah in Islamic banking, and how does it differ from conventional savings and current accounts?
FAQ #136: May I know if all CIMB FDs are shariah-compliant? On their website, it is advertised as FD interest rate, rather than hibah rate.
FAQ 137: What’s the difference between CIMB Islamic’s Fastsaver-i and Starsaver-i?

Estate Planning

FAQ #142: Can one nominate faraid beneficiaries in CPF and ILP while other beneficiaries are alive?
FAQ #141: Why is wasiat still important if we want to follow faraid anyway?
FAQ #149: What’s the Islamic perspective on using Shariah non-compliant tools to amass funds for wakaf, especially when considering conventional insurance plans that pay out upon passing and subsequently nominating those proceeds to wakaf?

Banking Careers

FAQ #144: How can an undergraduate plan a finance career while adhering to religious boundaries and ethical considerations?
FAQ #143: Is pursuing an MBA relevant for career progression, and is a local or top foreign one better?

Home
Faq
Fiqh on money

FAQ #23: Is delaying payment by a debtor allowed?

Understanding Islamic Finance

Delay in paying a debt when it is due is unlawful in Islam. The prophet (ﷺ) said “Default in payment on the part of a solvent debtor is unjust” (Sahih Al Bukhari 2:999)

Ask Your Questions

Explore More

Banking Careers

Last Updated: September 4, 2024

Careers In Islamic Banking & Finance

Last Updated: September 4, 2024

Commercial Matters In Islam

Last Updated: November 4, 2024

Cryptocurrency

Last Updated: September 2, 2024

Estate Planning

Last Updated: September 4, 2024

Fiqh on money

Last Updated: January 8, 2025

Insurance

Last Updated: September 4, 2024

Investing For Muslims

Last Updated: February 6, 2025

Islamic Banking

Last Updated: September 4, 2024

Islamic Economics

Last Updated: September 2, 2024

Islamic Finance

Last Updated: November 5, 2024

Islamic Social Finance

Last Updated: September 2, 2024

Personal finance

Last Updated: September 2, 2024

Stock investing

Last Updated: September 2, 2024

Zakat

Last Updated: September 4, 2024

IFSG Transparent

An all-in-one platform where all you need and what you want to ask can be found here Bridging the gap between scholars and finance professionals to solve community financial problems

Contact Details

contact@islamicfinance.sg
https://t.me/IFSGadmin
Solstice Business Center #04-09
Privacy Policy

Facebook Youtube Telegram Instagram Linkedin Spotify

Resources

Directory on Money Matters
Islamic Finance Course
Rizq Management

Subscribe:

Email

© 2022 IFSG - All rights reserved

Home
About
- Meet The Team
Events
Articles
Resources
RizqX
Purifai
FAQ
- Ask Your Question
- Questions Library

Home
About
- Meet The Team
Events
Articles
Resources
RizqX
Purifai
FAQ
- Ask Your Question
- Questions Library

We are building a community!

And we want you to be part of it! Choose how you want to be notified:

Join our Telegram

Join our Email list