riba

Zakat vs Riba | Riba Exposed Series – 2

Two forces have been at odds since the beginning of time; the forces of good and the forces of evil. These battles are manifest in every arena of life, including the economic arena. And it is this economic face/off which is captured in the following verse of Surah al-Rum: “Whatever Riba you give, so that […]
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Purchasing Foreign Currency Online with Deferred Delivery

Question: Is it permissible to purchase foreign currency online and receive it at a later date? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.  The Answer:  According to contemporary Hanafi scholars, it is permissible to purchase foreign currency and receive it at a later date as long as […]
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