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Is forex trading haram?
Is forex trading haram? Spot currency exchange is halal, but leverage, overnight swaps and CFDs are not. Swap-free accounts are debated.
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Interest, mortgages, investing, crypto, insurance and gambling. Short, honest answers for new Muslims.
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Are loot boxes haram?
Are loot boxes haram? Paying real money for a random reward is gambling for most scholars. Free earned boxes and fixed-price cosmetics are fine.
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How does an Islamic mortgage work?
How does an Islamic mortgage work? Instead of interest, the provider buys the home with you and you pay rent plus buyout. Steps, costs, questions.
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Is fantasy football haram?
Fantasy football isn't haram in a free league for fun. Paid entry with a cash prize pot is gambling, and so are daily fantasy betting apps.
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Are index funds halal?
Are index funds halal? Regular S&P 500 funds hold banks, alcohol and gambling firms, so most scholars avoid them. Shariah index funds fix this.
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Are student loans haram?
Are student loans haram? Interest-bearing loans are riba, but scholars differ on need and on UK income-contingent loans. Views and halal options.
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Are Premium Bonds haram?
Are Premium Bonds haram? Most scholars say avoid them: prizes come from pooled interest handed out by random draw. See halal savings alternatives.
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Is buy now, pay later like Klarna halal?
Is buy now, pay later halal? Interest-free pay-in-3 or pay-in-4 plans like Klarna are fine; interest-bearing plans and late-fee traps are not.
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Is sports betting haram?
Yes, sports betting is haram: staking money on a match is gambling, which Quran 5:90 forbids. Sweepstakes count too; free sponsor prizes don't.
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Is crypto halal?
Is crypto halal? Many scholars allow buying and holding established coins like Bitcoin, but leverage, scam coins and gambling-style trading are haram.
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Do I have to follow Islamic inheritance rules in my will?
Yes. Shares are set by the Quran, and you can freely give up to one third to non-heirs. Here's how to write an Islamic will.
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Can I invest in stocks as a Muslim?
Yes, if the companies and methods are halal. Here's how to screen stocks, purify dividends and avoid margin and short selling.
