Modern Money
Is it haram to be in debt?
No, being in debt is not haram in itself. Interest-free borrowing is allowed, but riba, not repaying and delaying when you can pay are sins.
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Modern Money
Interest, mortgages, investing, crypto, insurance and gambling. Short, honest answers for new Muslims.
Modern Money
Are mystery boxes haram?
Yes, most paid mystery boxes are haram because random high or low value prizes resemble gambling and gharar. Fair-value surprise boxes are fine.
Modern Money
Is backing a Kickstarter halal?
Yes, backing a Kickstarter is generally halal: it works like a pre-order for a halal product. Avoid haram projects and lottery-style mystery tiers.
Modern Money
Are claw machines gambling?
It depends, but many scholars see claw machines as near gambling: you pay per try for a chance prize, and machines are often set to pay out rarely.
Modern Money
Is declaring bankruptcy haram?
No, declaring bankruptcy isn't haram if you truly can't pay. Learn what Islam says about insolvency, intention and repaying debts later.
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Is a Health Savings Account (HSA) halal?
Yes, a Health Savings Account (HSA) can be halal if the cash earns no interest and any investing uses shariah-screened funds.
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Can Muslims invest in startups?
Yes, Muslims can invest in startups if the business is halal and the deal shares real risk. Avoid interest-bearing notes, venture debt, haram sectors.
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Is it haram to buy fake football shirts?
Most scholars say buying fake football shirts is not allowed: counterfeits break trademark rights and laws. Unbranded or second-hand kits are fine.
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Is matched betting haram?
Yes, matched betting is haram according to most scholars: every step means placing real bets and lay bets, so the low risk doesn't make it halal.
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Is options trading haram?
Most scholars say options trading is haram: it sells a right, not an asset, involves gharar and works like a bet. A minority allow hedging.
Modern Money
Is an extended warranty haram?
Is an extended warranty haram? Built-in warranties are halal; paid extensions are debated over gharar. Here are both views and a simple alternative.
Modern Money
Are cashback apps halal?
Yes, most cashback apps are halal: shops fund a shared commission. Credit card cashback is debated; avoid rewards tied to interest or haram buys.
