The company is a 'financial experience company'. Essentially what they do is provide digital banking solutions to financial institutions, including banks and other fintechs. Here's a breakdown of what they offer: Digital Banking Platforms: They provide software that allows financial institutions to offer online and mobile banking services, including account management, bill pay, and transfers. Lending Solutions: They help banks and credit unions streamline their lending processes, from loan applications to origination and servicing. Payments and Transfers: They offer solutions for handling various payment types, such as checks, ACH transfers, and P2P payments. Data Analytics: They provide tools to help financial institutions analyze customer data and gain insights into their behavior, preferences, and needs. Fraud Prevention: They offer solutions to help protect financial institutions and their customers from fraud. They simply sell the platforms and software that allow the institutions to do all this stuff in a good looking UI. Would working at this company in IT be permissible? To be clear this company does not provide any financial services itself. The only part of it that might deal directly with riba is the lending solutions part. Which is what I'm worried about.

Assalamu aleikum wa rahmatullahi wa barakatuh, My friend and I are planning to invest in cryptocurrency leveraged tokens, specifically BTC, ETH, and Solana, using a DeFi platform called TLX. You can find more information on their website . However, we are uncertain whether this investment is halal or haram. We have conducted thorough research on the leveraged tokens available on the TLX platform through various sources, including official documentation, ChatGPT, and Islamic finance forums. Our findings suggest that these tokens do not involve riba (compounding interest), unlike those offered by other DeFi platforms such as Toros . Toros creates leverage by borrowing additional assets, resulting in leverage token owners paying interest on the borrowed amount, which is haram. We are avoiding the Toros platform for this reason. On the other hand, TLX leveraged tokens derive their leverage through synthetic futures from the Synthetix platform, rather than through borrowing or lending (as it is the case with Toros). Synthetic futures mimic the behavior of traditional futures without necessitating ownership of the underlying asset. They are constructed using financial instruments like options or swaps to replicate the price movements and payoff structures of conventional futures contracts. Unlike traditional futures that require funding fees to align with the spot market, synthetic futures eliminate this need due to their specific expiration dates and settlement terms. This distinction is crucial, as it addresses any potential concerns about the permissibility of funding fees under Islamic law. Regarding the fee structure of the TLX platform: - Streaming Fee: The 2% streaming fee covers the costs related to maintaining the leveraged token. Since it is not tied to riba, it appears permissible. - Rebalancing Fee: Currently set to zero, this fee may be introduced to cover actual rebalancing costs in the future. As it is designed to cover costs rather than generate profit through interest, it seems permissible. - Redemption Fee: This fee compensates for the service of redeeming the leveraged token, making it a service-based fee rather than interest, and thus permissible. As far as we know, generally, service-based fees are acceptable in Islamic finance if they are transparent and justified by the provided services. Based on our research, the fees associated with TLX leveraged tokens are clearly defined and service-oriented. There is no compounding or standard interest, and no requirement for staking assets, indicating no involvement with interest-based profit generation. In summary, the fee structure appears well-aligned with Shariah law. Fahim and I believe this is pointing in a good direction, though we seek your expert opinion to conclude our findings. **With the provided information, do you consider the leveraged tokens on TLX to be permissible under Islamic principles?** Thank you for your time and guidance.

Is being an Influencer Marketing agent haram? Also, if someone finds out that he had been doing a haram job what is he supposed to do with the money he has earned with that job?

I live in Finland and I am wondering if there are any Shariah-compliant mutual funds, stocks, or commodities available in Finland or Europe where I can invest without any hesitation?

Assalam alikoum My question is related to a job I was working on through the internet before, where I was earning money thats in crypto payment method, so basically I was in the niche of NFTs, I dont really know if you know what NFTs mean but if you search it, you will find some information about it. I was working for marketing agencies where they provide marketing services for NFT projects, and I would bring clients to these agencies to earn a commission. Now, these NFT projects, some have artworks, some have 3D designs, etc, and when I researched, I saw that if NFTs have artworks or designs of humans, then they are haram. My question is: Is the money I earned through getting clients halal or haram even though I wasn't directly selling artworks or spirits or anything, and can I still do this kind of job in the future? I'm sorry for the long question, but I need a detailed answer on this. And jazakum allah khayran

Kalshi is a regulated exchange where you can trade on the outcome of real world events. They provide a place to trade event contracts. I'm not entirely sure if this is haram or not because it's not really betting like sports betting. But it's also not like the stock market—more so in between. If I could describe it myself, it's like having ownership in an event or outcome of something. It's not like gambling because in gambling once you place a wager, it cannot be canceled or exchanged. These event contracts have their own value similar to a stock, and can be traded. And it has a probability factor similar to stocks. But it's not entirely like a stock, in that it is a contract, event contract. Any advice will help. Thanks! Here is a link to their site Kalshi.com

Is working in government institutions that finance government projects, collect and manage loans on behalf of the government haram? This is because some of the loans are liable to interest during repayment and also some of the projects accounts generate interest for the institution..

So recently my friend has told me due to the ayah ( يَا أَيُّهَا الَّذِينَ آمَنُوا أَوْفُوا بِالْعُقُودِ..) Which means "Quran 5:1 O you who believe fullfil contracts." Now people mention how web scraping is haram since it's a violation to TOS. And doing work on a site requiring you to be 18+ years old is haram since it's a violation to TOS if your below it and even if you don't do work you just literally access that website and whatever useful stuff they have in you use for your own business. I find it personally very hard to make money online like dropshipping (can't advertise without music)/Youtube (can't make money from adsense and many sponsers will require you to add background music)/ Day trading/ Real estate (Need to take loans or you can argue do the islamic finance still not worth it because it'll require capital and extensive knowledge). and so on it's pretty much close to impossible to run a proper business online without including music And even like for me i want to sell social media accounts that aren't stolen nor have any ill intent or used for any wrong purposes but i can't now because "TOS violation haram" even though it's legal. And most social media services which use automated activity that doesn't harm no one nor affects the platform but "TOS violation haram" Drives me insane honestly knowing this. It's halal to not read TOS based on the sheikh assim alhakim and no one reads it, like literally i looked into it it's made so that if you want to sue the company they'll be covered. They include as much stuff in the TOS as possible even if it doesn't make any sense, and if we were to read TOS it would take us 250 working hours, like even lawyers that make these terms of services don't read it i went OCD and started looking into that as well. And it goes even deeper cause here in saudi we have a test called "qudrat" which is basically like an SAT for your college acceptance and before you take the exam you literally have to write down the rules of the exam in which it says don't send any of the questions after the exam and what's funny is no one follows it I'm talking the entire arab nation 50+ million and they violate it and what's funnier is you cannot study these tests without the questions leaked cause the books used to study it are from teachers who gathered these questions and just add them onto the book and create formulas and whatnot to solve these questions, so does that mean me studying this and getting into college is haram? My question leads to this if i do something non sinister or doesn't affect anyone infact just boost businesses and do ethical activity but in line 10041413 in a TOS it says your not allowed to do automated activity does that make my money haram? Please give me an answer cause I've been going insane past 2 months on this it's like i cannot do anything at all. I can talk more but i don't want this to be too long.

Is loopholes are permissible in islamic finance? I am a bussiness man someone adviced me to buy loopholes to avoid taxes and increase you bussiness rapidly..

A query in similar to a question posted on this site (https://islam.stackexchange.com/questions/1320/is-interest-based-educational-loan-allowed ) (this may seem like a similar question, but from a clear angle). >Allah says: “Those who devour interest will not stand except as stands one whom Satan has driven mad by his touch.” [Sûrah al-Baqarah: 275] > >Allah says about one who engages in interest that he should: “take notice of war from Allah and His Messenger.” [Sûrah al-Baqarah: 279] > >Paying interest is sinful, just like receiving interest is sinful. The Prophet (peace be upon him) said: “Allah curses the one who consumes interest, the one who pays it, the one who draws up the contract, and the witnesses to the contract, then he said they are same (in sinfulness) ” [Sahîh Muslim] > >"O you who believe! Be afraid of Allah and give up what remains due to you from riba, if you are really believers. And if you do not do it, then take a notice of war from Allah and His Messenger." [2:277-278] > >"The Messenger of Allah, Sallallahu Alayhi Wasallam, has cursed, 'The one who takes riba, the one who writes it and the one who witnesses it,' and he said, They are equal (in sin)'." (Muslim) > >"Riba has seventy three gates, the least of them is like a man who fornicates with his mother. And verily, the worst of riba is the Muslim's honor." (al-Hakim) And he also said, "A dirham that a man spends knowing he gained it from riba is worse than thirty six instances of fornication." Brothers, I understand the sins gained from accepted deals which interest is a part of, Allah SWT has commanded us to seek knowledge. We can do so by completing education, to complete education in a Western country like the UK, a degree will cost a minimum of £40000 in total excluding living cost. Now a person might think to earn such an amount of money by working (a job without a degree will have an annual salary of (£9000)). This is a pure annual salary, but that does not mean that such a salary will remain as it is by the end of each year as a person has commitments to rent, food, family, etc. Therefore, if a person is to plan on saving for a degree it will take around five years or more (if it's possible but highly doubtful). Now there are organisations which provide students with educational loans in order to complete their studies, but these loans can have an interest rate set to them. Islamic banks or normal banks don't give such huge loans to even consider interest free, especially that students don't have stable earnings and low credit scores! Now this interest is for me to repay. It is not provided with the initial payments made to me, so I am not benefiting from the interest at all, but I do benefit from the loan (to pay university fees) Now as you seen in my explanation that taking such a loan is life essential to success and have stable earnings to support a family and life expenses, so would I be committing a sin by accepting such a loan as I am not benefiting from the interest at all? > From Abu Hurayrah : The Prophet, , said: "There will certainly come a time for mankind when everyone will take riba and if he does not do so, its dust will reach him." (Abu Dawud, Kitab al-Buyu', Bab fi ijtinabi al-shubuhat; also in Ibn Majah) Alhamdullah, I believe in god and his messenger, but I know Islam is not a hard religion (for the believers) and there can be exception in some situations within life! Also If a person takes an interest based loan for a start-up business and then repays that loan, does that mean that all of his profits are related to interest as if they didn't take the loan they may not have had this business to begin with? Brother and sisters, please explain in detail if I am in the wrong here!

I'm aware there are 3 types: 1. I'll buy and then rent it to you and you pay it off slowly 2. I'll buy it and sell it to you for higher price 3. I'll buy and sell it loss/profit will be shared 3 and 1 are completely ok. But the most popular option that is 2 is sold as halal, But I'll argue it's anything but that. The bank buys the house AND then you are required to buy the home at higher price. The transaction up until the bank buys the house is not controversial. Whether bank or another seller owns it, it doesn't matter. The problem is that bank REQUIRES you to buy the house before their purchase of it. So instead of saying - I'll give you $100 - you will give me back $150 BANK > $ > YOU > $$ > BANK It basically adds an extra step - I'll buy this box for you for $100 - But then you will have to buy it from me at $150 BANK > $ > HOUSE > YOU > $$ > BANK > HOUSE Interest is paying more than what you owe. Which can be phrased, requiring you to pay more than what you got. Similarly, you got a house that is $100, and you will be required to pay $150.

I recently started exploring crypto and noticed that exchange like Binance.com offers future trading on their platform. So I want to know if this is halal or haram? Binance clearly mentioned in their docs that they charge a funding fee on each future trade which consists of a fixed interest rate of 0.03% plus premium. So is this interest rate the interest which is forbidden in Islam? or is it the trading fee of Binance?

**Assalamu Alikoum** I work as a sales representative (I get a commission for each deal closed) for a marketing agency and this agency promotes projects and each project is different, some projects have 2D drawings or 3D or sometimes there are projects with no drawings, etc... My question is if I get clients for this marketing agency, is the money earned from the commission halal or haram or do I bear a sin if I do so or I have no direct relationship with them? **Jazzakumo Allahu Kahyran**

Salam, I currently live & work in USA. I am planning to buy an apartment & wanted to take loan from an Islamic organization which claims they use profit instead of fixed interest rate to give financial loans for housing purpose. Eg: They are charging (200k profit + Principal Amount) for a 180k loan which is spanned over 30 years. Total amount is paid in installments over a period of 30 years. I wanted to know if this is halal way of taking a finance ?

هل هناك دليل شرعي يخرج الضرائب من المكوس ذات العقوبة العظيمة في الإسلام؟ هل فرض النبي أو أحدا من الخلفاء دفع مال علي المسلمين غير الزكاة؟ Is there evidence that makes taxes different than customs that are banned severely in Islam? Is there any example for taxes in prophet era which were made a duty on Muslims except for zakat?

How is the Wildlife Conservation Bond generating money to pay out the dividends? Is it Shariah complaint? Ref: https://www.worldbank.org/en/news/press-release/2022/03/23/wildlife-conservation-bond-boosts-south-africa-s-efforts-to-protect-black-rhinos-and-support-local-communities https://www.credit-suisse.com/about-us-news/en/articles/media-releases/rhino-bond-202203.html

Given the current situation in Turkey, I was wondering whether the principles of Islamic finance applied to central banking, as I thought they only applied to the retail banking sector, but President Erdoğan seems to have a different idea about it. Does Islamic finance normally apply to central banks, or is this a deviation from the usual application of the principles of Islamic finance?

Does sharia finance allow you borrow an asset and re-sell it and then purchase it back at a later date in order to return the asset? Assume that no finance charges (interest) is charged on the borrowed asset and the borrower posts 100% equivalent value of the borrowed asset as collateral to eliminate the risk of the borrower failing to return the borrowed asset.

Amazon includes RSUs as a part of the total employee compensation. However, the company stock is non-sharia compliant http://testblog.islamicly.com/StockReport/shariah-stock-status-report-amazon-inc-usa-nasdaq/ My question is, as a software developer that is not directly working in any of the non-sharia compliant team, is it ok for me to receive the RSUs as a part of compensation? What if, for example, my compensation includes $10,000 worth of stock with a vesting period, and when the vesting period is done, I immediately sell the stock and keep the $10,000, and if there's any bonus amount that's earned, I can give it to charity. Amazon gives a larger part of compensation as stock for more senior roles, so an employee is really dependent on that as well.. Also, I found this on a forum https://forum.islamicfinanceguru.com/t/working-at-amazon/294/3

Assalam Alaykum my dear brothers and sisters in Islam. I was recently wondering what is the difference between business investment and gambling in Islam? Since as far as I know investing in businesses is Halal but gambling isn't. Why is that? In investing you invest money and expect a profit which is based upon luck and slightly calculated figures, and gambling is also the same, isn't it? Can anyone explain to me the difference between them from an Islamic perspective? and why one is halal and the other isn't? JazakAllah Khair.