بسم الله الرحمن الرحيم Answer to Question The Fluctuations in Gold PricesTo: Ahmed Saeed(Translated) Question: Assalam Alaikum Wa Rahmatullah Wa Barakatuh our esteemed Sheikh I hope this question reaches you in good health and well-being. I ask Allah (swt) to guide you in upholding His Deen and implementing His law. My question is: We have … Continue reading Q&A: The Fluctuations in Gold Prices
Tag: Currency
Q&A: Zakat and Paper Currency
Questions from: Hisham Jaawan: If I have an amount of money, do I have to compare it to the Nisab of gold or Nisab of silver … i.e., what is the Nisab of the local currency??? Mohammad Alissa: Is there Zakat on the real estate business? Said Ghorzi: There is another problem; is it permissible to deal with … Continue reading Q&A: Zakat and Paper Currency
Q&A: Zakat on Secured Currency; The Lands which the Islamic State Lays its Hands on
Question: Assalamu alaikum wa rahmatullah wa barakatuhu my dear respected brother. I became confused on two matters for which I would like you to please clarify them, may Allah سبحانه وتعالى reward you with all good and help you. The first matter is related to the Zakat on secured paper currency. It is mentioned in … Continue reading Q&A: Zakat on Secured Currency; The Lands which the Islamic State Lays its Hands on
Answers to Economic Questions Related to Gold
بسم الله الرحمن الرحيم Questions: Assalamu Alaykum Warahmatullahi Wabrakatahu: Honorable Scholar Ata' Bin Khalil, may Allah sustain you and provide for you; Economic questions related to gold: What are the factors affecting the price of gold? Why did the price of gold fall since the end of last year? To what is the sudden decline, … Continue reading Answers to Economic Questions Related to Gold
Fiat Money and Zakah
Question: The following came in the book of Funds, in the second paragraph of p. 174 “and these reliable (covered with gold) banknotes consider the covered ratio of them as representative banknotes ……… ….. (and it says at the end of the paragraph) …..if they did not amount to forty dinars, then there is no … Continue reading Fiat Money and Zakah