Islamic finance is a financial system that follows Shariah law. It prohibits interest (riba), excessive uncertainty (gharar), gambling (maysir), and investment in prohibited industries like alcohol, gambling, and pork. Instead, it promotes profit sharing, asset-backed transactions, and ethical investments.

No. Islamic finance is for anyone looking for ethical, transparent financial solutions. Many non-Muslims choose it for its fairness, risk-sharing model, and avoidance of speculative practices.

We are Hong Kong's first independent Shariah advisory firm. We do not sell products. We do not take commissions. We only advise. All our services are reviewed by qualified scholars, and we focus on practical solutions you can actually use.

Zakat is a mandatory charitable contribution of 2.5% on qualifying wealth held for one lunar year. Every Muslim whose wealth exceeds the nisab threshold must pay zakat. It is one of the five pillars of Islam.

Cash, bank balances, gold, silver, stocks, business inventory, crypto, and rental income are all zakatable. Personal items like your home, car, clothing, and household goods are generally not subject to zakat.

Nisab is based on 87.48 grams of gold or 612.36 grams of silver. Most scholars recommend using the silver standard because it is lower, meaning more people qualify to pay zakat and more recipients benefit.

The Quran (9:60) lists eight categories: the poor, the needy, zakat administrators, new Muslims, freeing captives, those in debt, in the path of Allah, and stranded travelers.

Yes. Without an Islamic will, Hong Kong intestacy laws apply and your assets may not be distributed according to Shariah. A will also lets you appoint guardians for your children and give up to one third of your estate to non-heirs or charity.

Faraid is the Islamic inheritance system from the Quran. It specifies exact shares for spouses, children, parents, and other relatives. It ensures fair distribution and prevents family disputes.

Hong Kong intestacy laws will decide who gets your assets. Your spouse may not receive the share Islam requires. Non-Muslim relatives could inherit. Your children's guardians would be chosen by the court, not by you.

The business must not deal in haram activities (alcohol, gambling, pork, interest-based finance). The financial structure must avoid interest and excessive uncertainty. The company must also pass financial ratio screens for debt and interest income.

Yes, if the company passes Shariah screening. However, margin trading, short selling, and derivatives are generally not permitted. We can screen your portfolio to check compliance.

Sukuk are Islamic bonds representing ownership in an asset rather than debt. Investors earn profit from the asset, not interest. This makes Sukuk Shariah-compliant, unlike conventional bonds.

The Nikah contract is the Islamic marriage agreement. It outlines the rights and duties of both spouses, specifies the mahr (dower), and can include additional conditions both parties agree to.

Mahr is a mandatory gift from the husband to the wife at marriage. It is her exclusive property. It can be cash, gold, property, or any agreed value. It can be paid immediately or deferred.

Yes. Our Nikah package includes scholar booking, masjid booking, mahr advisory, government registration guidance, education session, and certificate issuance. We handle everything except the government registration fee which you pay directly.

Conventional mortgages involve interest and are not halal. Islamic home finance uses structures like Diminishing Musharakah (partnership) or Ijarah (lease to own) that avoid interest entirely.

It uses Murabaha (cost plus sale) or Ijarah (lease). The bank buys the car and sells it to you at a fixed profit, or leases it with ownership transferring at the end. No interest is charged.

Takaful is Islamic insurance based on mutual cooperation. Participants contribute to a shared fund used to support members who suffer a loss. It avoids the uncertainty and gambling elements found in conventional insurance.

We offer zakat calculation, Islamic wills, Nikah packages, inheritance planning, investment screening, divorce advisory, funeral planning, Hajj planning, corporate zakat, Shariah compliance audits, business contracts, and training workshops. See our services page for the full list.

Yes. All services are reviewed by qualified Islamic scholars. Until our full Shariah board is formed, we follow established rulings from AAOIFI and recognized Islamic finance bodies.

You can book through our contact page, email info@baashir.com.hk, or WhatsApp +852 4421 8514. We offer a free initial 15 minute consultation to understand your needs.