Trade and Commerce

Owning a Pig

Q: Is owning a pig haraam? A: Since eating a pig is haraam a Muslim is not alllowed to own a pig. The pig is not recognised as a lawful commodity in Islam. Mufti Siraj Desai

Profits in Islamic Banking

Q: Is keeping money and getting profit in Islamic banking allowed? A: If the Islamic Bank is certified by reputable Ulama and it invests the money in a Halaal (lawful) business venture, then the profits received from such an investment are Halaal. Mufti Siraj Desai