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.

189241

Parents . Money

If parents are financially well-off, is it acceptable for them to insist on monthly financial contributions from their sons, especially knowing that this requirement causes financial hardship for the sons?

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 days ago

When parents are in need, it puts a responsibility on their earning sons to support them. Spending on the parents is obligatory not just recommended. When parents expect financial assistance from their sons, it means that they are in need of that assistance. You can not claim that your parents are well off and don’t need your financial assistance as far as they ask you to assist them. You must do your best to assist them even if you have your own financial challenges. Best place to spend is to assist your parents then your relatives then other needy and deserving persons.

Wassalam.

189057

Money . Haram

What steps should I take to remove money that I have acquired, knowingly or unknowingly, that I later discovered to be Haram, in order to ensure my remaining earnings are Halal?

Haraam (unlawful) money must be given back to its real owners, and if you don't know them or their families, then it must be given to the Marje' of Taqleed as Majhool al-Malik (unknown owner) so that he distributes it among poor believers.

If you don't know the exact amount of the unlawful money mixed with your money, you must pay an amount which makes you sure that unlawful money has been removed away from your money. That amount should be given to the Marje' of Taqleed as well so that he distributes it among poor believers.

You are not allowed to give unlawful money to charity because it does not belong to you. Allah Says in Quran ( And never deal with the unlawful by spending from it in charity, because you don't own it). (Sura al-Baqara m verse 267).

Wassalam.

188859

Money . Hacker

Is it permissible for someone who has been electronically scammed to hire a hacker to retrieve their stolen money, or to secure a white-hat hacker to gather information for legal action aimed at recovering the lost funds?

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 week ago

Bismihi ta'ala

Yes, it would be permissible to do so, to retrieve your haq.

And Allah knows best

188563

Money . Khums . Employment

I have been working for several years and am unsure how much I saved annually or how to calculate my Khums since I haven't paid it before. What steps should I take to determine my Khums amount and identify my Khums due date?

You need to estimate your savings for the previous years and calculate how much you own now. All what you own since one year of more is applicable for Khums which 20%.

'Wassalam.

187487

Khums . Money . Income

How do we calculate the Khums owed for missed years? Is it 20% of the savings we had by the Khums date, or is it 20% of our income after deducting expenses and bills for the entire period?

Khums is 20% of everything we own after deducting all our lawful expenses.
'Wassalam.

187295

Money

Is it permissible to join a tournament that requires a fee to enter, where the winner receives the money paid by other participants as their entry fee?

Paying entry fees to the organizers is permissible. The organizers are free to keep that money or give it to whom they wish including the winners. This is not a gambling.

Wassalam.

185428

Meme . Money . Cryptocurrency

Is it considered allowed to generate a personal meme token and manipulate its price for financial gain, even if there are no other parties involved and it is solely done with one's own funds?

Generating your own personal meme token is allowed as far as you don't harm others.

Wassalam.

185120

Money . Orphan . Donation

Can I consider both of my vows valid if I use the money I set aside monthly, as a Mannat, in the name of Fatima Zehra (sa) and which I usually donate to Islamic centres, to provide for an orphan instead?

Mannat must be done as your intention was when you did the Mannat with out any change. Fulfilling every Mannat is obligatory. Your sponsorship or help to orphans is a different matter. If your Mannat was to give a certain amount to charity on behalf of Fatima Zahra (AS), you must fulfill your Mannat to any good cause which comes under your intention when you did the Mannat. If you had in your intention helping orphans, then you can help orphans from the money of that Mannat, and do it in behalf of Fatima Zahra (AS).

Wassalam.

181869

Employment . Gambling . Money

Is it permissible to work in a bookstore that sells lotteries and gambling? If you were aware of the prohibition of such activities and worked in such a shop, what should you do with the money you earned?

Working is unlawful business like gambling is Haraam, and the money earned from unlawful work is also unlawful. It should be given back to the original owners or given to the Marje’ of Taqleed who will spend it in helping the poor believers.

Wassalam.

153203

Money . Online Business

Is it considered allowed to post celebrity news on my news website and earn money from it?

Muslim should not promote news of the sinners because their life style is generally sinful and we should never encourage other to be like the. We must know the effect of our work on theirs and refrain from promoting sinful acts or sinful persons.

Wassalam.

171959

Money . Food . Guilt

What should I do now if I feel guilty for not giving money to a little boy who asked me for food while I was busy, and I am afraid of how I will be held accountable in the hereafter?

Sayyed Muhammad Husaini Ragheb, Sayyed Muhammad Husaini Ragheb has a BA in Law from Guilan University, Iran and has also undertaken Hawzah studies in Qom. He used to be a Cultural Affairs director of Ethics Group of Al-Mustafa... Answered 8 months ago

You didn't ignore the child out of bad intentions, in fact the mere thing that you are thinking about it, shows that you want to help the needy in future. So ask Allah swt to help you next time do what is right in the appropriate time. As it is famous when one intends to give charity, Satan interferes and tries to prevent him. May Allah help us all do the right thing in its right time and way.

169249

Haram . Money

Is it permissible to keep the assets purchased with money earned from a business conducted on school premises, even though it violated Islamic law due to the prohibition of selling in that area? If not, what should be done with them?

Unlawful income is unlawful to use in any thing even in charity. It should be given back to its real owner or to the Marje' of Taqleed as Majhool Al Malik ( Unnkown owner) who will spend it in charity on behalf of the real owners.

'Wassalam.