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Question: As-Salam `Alaykum ! Can we trade gold (futures / options) in the commodities market ? I came across a Hadith of our Prophet (peace be upon him) that 6 commodities must be exchanged “like for like” and gold is one ....

Subjects: Gold; Islamic jurisprudence; Purchasing; Sales

Question: Asalamu Alaykum,I hope when this letter reaches you and your family is in good health. I bought a house couple years back with conventional mortgage ; before I buy it, I have researched about this issue I have asked many ....

Subjects: Financing; Housing

Question: Assalamu Alaikum,I am trying to purchase a car without paying interest. A dealer that I am interested in purchasing from doesn't have any 0 % interest financing at this time but has given me the following option. He would determine ....

Subjects: Automobiles; Islamic jurisprudence; Purchasing; Usury

Donor award: Mashreq al-Islami (Dubai, United Arab Emirates). Sharia'h Supervisory Board

Subjects: Capital; Contracts; Resale on profit

Question: Salaam Alaykum I would like to know if it is permissible for us, living in Europe to buy a house ? Do we have to rent a house and pay each month a price, of buy it with interest ?Naim.

Subjects: Purchasing; Real property

Question: Assalam Alakum, I really appreciate your help by answering this question.1 : I invested with a group of doctors in a hospital, where initially they gave me the impression that no bank loans will be used, however after about a ....

Subjects: Bank loans; Islamic jurisprudence; Medical instruments and apparatus; Purchasing

Question: Salaam... Is buying lands and houses, by bank loans which include interest, considered halal in all cases ? (like someone well off but wishing to expand his fortune for later generations).. And if not, would inheriting be Haram as well ? Barak Allah Feekom.Jazakum Allahu Khairan for your constant help..

Subjects: Dwellings; Financing; Islamic jurisprudence; Land; Purchasing

Question: Assalamu Alaykum Wa Rahmatu Allahi Wa Barakatuh,I am not able to buy a home by the money which I have. Can I take loan from bank to make home. Thanks and Jazaka Allahu Khairan.Jazakum Allahu Khairan for your constant helpYours, Sami.

Subjects: Financing; Housing; Islam; Purchasing

Question: -.

Subjects: Automobiles; Financing; Islamic jurisprudence; Purchasing; ٌLeasing

Donor award: Mashreq al-Islami (Dubai, United Arab Emirates). Sharia'h Supervisory Board

Subjects: People Companies

Donor award: Mashreq al-Islami (Dubai, United Arab Emirates). Sharia'h Supervisory Board

Subjects: Financing; Islamic jurisprudence; People Companies; Promise (Law); Purchasing

Donor award: Mashreq al-Islami (Dubai, United Arab Emirates)

Donor award: Mashreq al-Islami (Dubai, United Arab Emirates). Sharia'h Supervisory Board

Subjects: Contracts; Leasing leading to proprietorship

Donor award: Mashreq al-Islami (Dubai, United Arab Emirates)

Subjects: Leasing leading to proprietorship; ٌLeasing

Donor award: Mashreq al-Islami (Dubai, United Arab Emirates). Sharia'h Supervisory Board

Subjects: Contracts; Financing; Islamic jurisprudence; Mortgages; Purchasing

Donor award: Kuwait

Subjects: Banks; Commercial law; Financial statements; Islam; Law

Question: Assalamu Alaikum Wa Rahmatullah Wa Barakatuh. I am trying to establish and Islamic community and would like to purchase houses and housing units to provide my Muslim brothers and sisters adequate low cost housing. Purchasing the property will involve Riba. ....

Subjects: Dwellings; Financing; Islamic jurisprudence; Purchasing

Question: Assalamu Alaikum is there any difference in interest (Riba) from the bank and buying a home or car ?.

Subjects: Purchasing; Real property; Usury

Question: As Salaam Alaikum : is there any difference in interest (Riba) from the bank and buying a home or car ?Notes : because I live with my Mother and younger brother and we pay 600 dollars a month for a ....

Subjects: Financing; Purchasing; Usury

Question: We bought a house here in Calgary, Canada and being a Muslim and to avoid interest problem we got financing from Islamic CO-OP, out in Toronto. But in the first year we find out that Islamic CO-OP is just using ....

Subjects: Dwellings; Financing; Islamic jurisprudence; Purchasing; Subprime mortgage

Question: In the name of god dear sir ; thank you very much for this opportunity, I need to ask if it is Halal to take a loan from a bank to buy a house for the family, knowing that me ....

Subjects: Financing; Housing; Islamic jurisprudence; Jordan; Purchasing

Question: In the name of God Dear sir ; Thank you very much for this opportunity, I need to ask if it is Halal to take a loan from a bank to buy a house for the family, knowing that me ....

Subjects: Bank loans; Islamic Banks; Purchasing; Real property

Question: Assalamu Alaykum Dear Scholar, I want you to clarify for me the concept of Riba in detail, my question arose when I heard that a friend of mine bought a car from a dealer by financing directly with the company, ....

Subjects: Islamic jurisprudence; Payments; Postponed sale; Purchasing; Usury

Question: The question is about buying a home in USA from companies that provide both homes and financial services (mortgage). Is it permissible to get a home mortgage from those companies which sells you the house and provide the home buyer ....

Subjects: Dwellings; Financing; Islamic jurisprudence; Purchasing; Subprime mortgage

Question: I hope you remember me. We met during ISNA conference. I was also the coordinator of one of the programs during the conference. Well, after all I am your sister in Islam and I have a question which is a ....

Subjects: Canada; Dwellings; Financing; Islamic jurisprudence; Purchasing

Question: As-Salamu Alaykum ! Would you please give us an answer to the following question in regard to mortgage.Is buying a home from a company (USA) that "provides both home services (houses), financial services (mortgage) allowed in Islam ?The question is ....

Subjects: Architects; Financing; Housing; Islamic jurisprudence; Purchasing

By: al-Jarhi, Mabid Ali Muhammad Mahmud. Theoretical foundations of Islamic economics. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2002; , 14 p.

Subjects: Banks; Commerce; Financial transactions; Islam; Islamic economics

Question: Is it possible for me and my wife to borrow money from bank with interest to buy a house or a flat for living, not for investment (because of the high level of rents) ?.

Subjects: France; Housing; Islamic jurisprudence; Purchasing

Question: Dear brothers and sisters, Assalamu Alaikum Wa Rahmatullah, As you are aware many Muslims, using bank money and paying mortgages with interest, are buying houses, businesses and even mosques. Please let me know if there is a toast Fatwa in this regard..

Subjects: Dwellings; Financing; Islamic jurisprudence; Money; Purchasing

Question: Assalamu Alaikum. I am a 34 year old with a 10 year old child. At present I'm living in the home that I purchased with my exhusband. At the time of purchase I did not have the full knowledge of ....

Subjects: Dwellings; Financing; Islamic jurisprudence; Purchasing

Question: Assalamu Alaikum, I'm 22 years old and I'm married. We are living in Belgium and it is very difficult to keep your religion but we try to make the best. I and my husband like to buy our own house. ....

Subjects: Belgium; Dwellings; Islamic jurisprudence; Purchasing

Question: Dear respected brother(s) in Islam. Asslam Aliykum Wa Rahmatu Allahi Wa Barakatu.I have a credit card (Citibank) that I used to use to purchase goods. This credit card gives 5 % in purchase new vehicle based on the amount of ....

Subjects: Awards; Credit cards; Purchasing; Rewards

Question: living in UK I bought a house ( took mortgage from a building society) now I am going to buy another bigger house and sell old house and take a mortgage and close old mortgage as you know banks and ....

Subjects: Dwellings; Financing; Islamic jurisprudence; Purchasing; Subprime mortgage

Question: I live with my husband in us we live in rent apartment we are planning to bay a house we have 20 % cash money for the price of this house. Now we pay about 800 $ monthly as rent ....

Subjects: Housing; Islamic jurisprudence; Purchasing; Subprime mortgage

Question: I had made a loan with interest for luxury product (a nice car) and I want to know if there is any possibility to be forgiven. Salam Alaikum.

Subjects: Purchasing; Usury

Question: My office provides car loan for member of staff payable in five years. The loan is to enable the staff purchase a car. The problem with this loan is that anybody that takes the loan will pay the principal and ....

Subjects: Purchasing; Usury

Question: Following to my question about mortgage that I sent 2 days ago which is still awaiting for reply ; I would like to add the following : if it is ok for me to buy a house by mortgage, is ....

Subjects: Dwellings; Housing; Islamic jurisprudence; Purchasing; ٌLeasing

Question: My parents are divorced since I was 4 years old and I have been living with my mother in my grand-fathers house with my aunts and cousins. Today, after about 25 years, my mother can no longer bear this life ....

Subjects: Usury

Question: Assalamu Alaikum ! Is it permissible to take loan from banks / financial institutions / housing development board / for purchasing land and constructing a house wherein interest is involved ? Thank You..

Subjects: Financial institutions; Housing; Islamic jurisprudence; Loans; Purchasing

Question: Assalamu Alaikum I'm new in Canada, living in Mississauga which is full of mosques, Islamic schools and big Muslim community. I have some money so I can buy house without bank mortgage but it will be too far from this ....

Subjects: Housing; Islamic jurisprudence; Purchasing; Subprime mortgage

Question: Assalamu Alaikum, We know that giving and acceptation of interest is prohibited in Islam. But if there is any exception for it, that is, we will get vehicles for loan having interest. We want to pay an excess amount which ....

Subjects: Purchasing; Usury

Question: Assalamu Alaikum WW, I have a question about mortgage. A friend of my mine owned a restaurant business and he is paying $ 1300 rent. Now the owner of the property wants to sell the property and my friend is ....

Subjects: Islamic jurisprudence; Purchasing; Real property; Subprime mortgage

Question: Assalamu Alaikum. My family has a mortgage on our house as we have no other means of purchasing it in the UK. We pay interest to the bank on this loan. I had an idea to put my money in ....

Subjects: Housing; Islamic jurisprudence; Purchasing; United Kingdom

Question: Salaam Alaikum, is buying a car by the method of installment (monthly payment with interest) Haram or not.

Subjects: Purchasing; Usury

Question: I work in a company for 15 years and I always have the option of getting a loan from the bank that the company deals with but I know it is Haram and, therefore, have never taken a loan, Alhamdo ....

Subjects: Purchasing; Usury

Question: My wife is going to do her internship for year in a hospital that is 1 hour away from home daily. We do not have any cash to buy a used car. I am looking for a reliable car. The ....

Subjects: Automobiles; Financing; Islamic jurisprudence; Purchasing; Usury

Question: Dear brother, Assalamu Alaikum. We live in usa and bought a place for mosque foe one million Dollar with 400000.00 in advance and 600000.00 in installments. We also make agreement each month we will pay him 7 % interest on ....

Subjects: Deals; Islamic jurisprudence; Mosques; Purchasing; Usury

Question: I am a Muslim Alhamdu Li Allah, living in Australia. I have asked a few Muslim sheiks here in my area in regards to borrowing money from the bank for my first house. There seems to be great debate as ....

Subjects: Australia; Housing; Islamic jurisprudence; Purchasing

Question: To Youssef Qardawi only please, we live in a small town in France. We have been living in a 3 bedroom house (3 children and 2 adults) which we pay (rent) 1200 francs a month. Recently we bought a land ....

Subjects: France; Housing; Islamic jurisprudence; Purchasing

Question: Assalamu Alaikum Wa Rahmatullah Wa Barakatuh. I have moved to the United States recently to continue my study here. I need to get a car to be able to fulfill my daily life. I don't have enough money to pay ....

Subjects: Automobiles; Financing; Islamic jurisprudence; Loans; Purchasing