khums

Is khums due on minimum required bank balances?

As you know in western bank accounts, there is now a requirement to keep a certain amount of money in...

Is it permissible to transfer khums to another country?

Is it permissible to transfer khums to another country where the duty-bound person does not reside? It is not permissible...

Is khums due on one’s savings account

Is khums due on the money deposited into an employee savings account, such as a 401-K or IRA account? The...

Is khums due on savings accounts?

Is khums due on the money deposited into an employee savings account, such as a 401-K or IRA account? The...

Is life insurance permissible?

Is life insurance permissible in Islam? If so, is it considered inheritance for the children of the deceased? Would it...