Modern Money
Is peer-to-peer lending halal?
No, conventional peer-to-peer lending isn't halal because you earn interest on loans. Interest-free and Islamic P2P platforms are alternatives.
Topic
Modern Money
Interest, mortgages, investing, crypto, insurance and gambling. Short, honest answers for new Muslims.
Modern Money
Can Muslims sell copies of the Quran?
Yes, Muslims can sell copies of the Quran, say most scholars. The price covers paper, printing and work, not Allah's words. Views and manners.
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Is pawning gold halal?
It depends: pledging gold as security is halal, but conventional pawn loans charge interest, which is riba. Interest-free Islamic ar-rahnu is allowed.
Modern Money
Are stablecoins halal?
Are stablecoins halal? Many scholars allow holding and spending backed coins like USDC, but lending them for yield is riba and swaps must be spot.
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Is betting push-ups with a friend haram?
No, betting push-ups with a friend isn't haram if no money is at stake. It becomes gambling only when both sides put up money or valuables.
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Is haggling allowed in Islam?
Yes, haggling is allowed in Islam: buyer and seller can agree any price. Bargain honestly, never lie about other offers, and be generous.
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Is buying a rental property halal?
Yes, buying a rental property and earning rent is halal. The issue is interest-based buy-to-let mortgages, plus who you rent to and for what.
Modern Money
Is it haram to charge late fees?
Yes, most scholars say charging late fees you keep is riba. Freelancers and landlords can use a charity penalty clause and deposits instead.
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Is a Roth IRA halal?
Yes, a Roth IRA can be halal: the account is just a wrapper. Choose Shariah-screened funds and avoid the interest-paying default cash sweep.
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Who has to provide for children in Islam?
In Islam the father has to provide for children (nafaqah), even after divorce. The mother's money is her own. Ages and child support.
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Is Islamic banking just interest with another name?
Islamic banking isn't just interest renamed when done properly: real asset sale, lease or partnership. Why rates look similar and the fair critique.
Modern Money
Are bonds haram in Islam?
Yes, conventional bonds are haram for most scholars because a bond is an interest-bearing loan. Sukuk are the asset-backed halal alternative.
