Fatwas & Rulings
Islamic rulings on contemporary financial matters from qualified scholars
Islamic rulings (fatwas) on modern financial matters issued by qualified scholars. These rulings provide religious guidance for complex situations. New fatwas are being added as they are issued.
Important Note
Fatwas are specific to particular situations and schools of thought. Please consult with a qualified scholar for personal religious rulings. The fatwas provided here are for general educational purposes.
Cryptocurrency & Digital Assets
Ruling on the permissibility of investing in cryptocurrencies such as Bitcoin, Ethereum, and other digital assets.
Topics covered:
- Is cryptocurrency considered valid currency?
- Different scholarly opinions explained
- Trading and investment guidelines
- Mining and staking rulings
- Practical considerations for Muslims
Stock Market Investment
Ruling on investing in publicly traded companies and the criteria for halal stocks.
Topics covered:
- Business activity screening criteria
- Financial ratio requirements
- Dealing with companies that have debt
- Purification of impermissible income
- Trading vs long term investment
Islamic Mortgage & Home Financing
Ruling on Diminishing Musharaka and Ijara structures for home purchase.
Topics covered:
- Diminishing Musharaka explained
- Ijara (lease to own) structures
- Difference between Islamic and conventional mortgages
- Scholarly opinions on Islamic home finance
- Practical implementation in Hong Kong
Takaful (Islamic Insurance)
Ruling on conventional insurance and the permissibility of Takaful as an alternative.
Topics covered:
- Why conventional insurance is problematic
- How Takaful works (cooperative model)
- Types of Takaful (family, general, medical)
- Scholarly endorsements of Takaful
- Takaful options in Hong Kong
Halal Cosmetics & Personal Care
Ruling on cosmetics, skincare, and personal care products containing non-halal ingredients.
Topics covered:
- Common non-halal ingredients to avoid
- Alcohol in cosmetics and perfumes
- Animal-derived ingredients
- Halal certification for cosmetics
- Guidelines for Muslim consumers
Options, Futures & Derivatives
Ruling on trading options, futures, and other derivative instruments.
Topics covered:
- Why derivatives are generally prohibited
- The issue of gharar (excessive uncertainty)
- Options trading rulings
- Futures contracts in Islamic finance
- Halal alternatives for risk management
Disclaimer: The fatwas and rulings provided are for general educational purposes. Individual situations may vary. Always consult with a qualified scholar for personal religious matters.
Need a specific fatwa?
If you need a ruling on a specific financial matter, please contact us and we will seek guidance from our Shariah scholars.
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