بنك معلومات "معرفة" للاقتصاد والتمويل الإسلامي

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

Subjects: Contracts; Islamic jurisprudence; Promise (Law); Purchasing; Resale on profit

Donor award: Qatar Islamic Bank (Dawhah, Qatar)

Subjects: Islamic jurisprudence; Auditing; Debts; Management; Social responsibility

Donor award: Central Bank of the United Arab Emirates (Abu Zaby, United Arab Emirates)

Subjects: Central banks; Financial markets; Financial statements; Islam; Shariah censorship

Question: An Islamic bank has launched a product based on a financial lease, Ijarah Muntahiya Bittamlik. The purpose of the product is to finance the procurement of residential and commercial buildings by its customers.The modus operandi of the product is as ....

Question: I am in receipt of income support and carers allowance for the care of my son who is disabled and I recieve his disability allowance on his behalf because he is illiterate.Is the income support which is paid in to ....

Subjects: Capacity and disability; Disabilities; Islamic jurisprudence

Question: An Islamic bank has launched a product in order to finance various types of Shariah compliant business activities. The product is based on a Mudarabah structure and operates as follows :-Along with the application form, the customer submits a Mudarabah ....

By: Mukhtar, Muhammad Mubashir; Nahhal, Hafiz Muhammad Sarfraz; Abd al-Rauf, Hafiz…[et al.]. Islamic Economic Studies. Vol. 22, no. 2 (Nov. 2014), pp.65-98, 34 p.

Subjects: Islamic economics; Economics; Islam; Quality of life; Religious aspects

By: Ali, Salman Sayyid; Chapra, Muhammad Umar. Islamic Economic Studies. Vol. 22, no. 2 (Nov. 2014), pp.140-141, 2 p.

Subjects: Islamic economics; Ethics; Financing; Islam; Justice

By: Khan, Muhammad Akram; Shirazi, Nasim Shah; al-Zahi, Abd al-Rahman…[et al.]. Islamic Economic Studies. Vol. 22, no. 2 (Nov. 2014), pp.137-139, 3 p.

Subjects: Financial institutions; Financing; Islam; Islamic jurisprudence; Poverty mitigation

By: Faruq, Muhammad Umar. Islamic Economic Studies. Vol. 22, no. 2 (Nov. 2014), pp.99-124, 26 p.

Subjects: Islam; Islamic jurisprudence; Management; Poverty; Wealth

By: Mili, Mahdi. Islamic Economic Studies. Vol. 22, no. 2 (Nov. 2014), pp.47-63, 17 p.

Subjects: Economics; Human development; Islam; Islamic jurisprudence; Quality of life

By: Abd al-Rasul, Muhammad Salah al-Din; Salih, Ariffin Muhammad. Islamic Economic Studies. Vol. 22, no. 2 (Nov. 2014), pp.33-45, 13 p.

Subjects: Malaysia; Islamic jurisprudence; Poverty

By: Amir al-Din, Rafi. Islamic Economic Studies. Vol. 22, no. 2 (Nov. 2014), pp.1-31, 31 p.

Subjects: Development indicators; Economic development; Human development; Islam; Religious aspects

Question: I would like to know if the following is permissible :http://www.nhs.uk/NHSEngland/Healthcosts/Pages/PPC.aspxIf you need more than 12 prescribed medicines each year, you could save money with a 12-month PPC.You can also buy a three-month PPC, which will save you money if ....

Subjects: Legal documents; Payments; Purchasing

Question: An Islamic bank has been using an Istisnah and parallel Istisnah structure to finance the construction of residential as well as commercial buildings ;The structure operates as follows :The Islamic bank enters into an Istisnah agreement with the customer whereby ....

Question: An Islamic bank has launched a product after getting it approved by the bank’s Shariah board for financing the construction of residential villas for its individual customers.Following are the main features of the product :Customer submits the complete specifications of ....

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

Subjects: Philosophy

Question: I had a question pertaining to taxes with reference to an earlier fatwa published on your website : http://alqalam.org.uk/fatawa/can-i-be-held-liable-for-the-tax-evasion-of-my-employers/In Canada, the Canada revenue agency(CRA) warns about what is called the underground economy (UE) [http://www.cra-arc.gc.ca/undergroundeconomy/]. In light of this1. Is it ....

Subjects: Islamic jurisprudence; Taxes

Question: I had a question pertaining to taxes with reference to an earlier fatwa published on your website: http://alqalam.org.uk/fatawa/can-i-be-held-liable-for-the-tax-evasion-of-my-employers/In Canada, the Canada Revenue Agency (CRA) warns about what is called the underground economy (UE) [http://www.cra-arc.gc.ca/undergroundeconomy/]. In light of this1. Is it ....

Subjects: Payments; Prices

Question: Two foreign currency exchange transactions were executed between two Islamic banks located in two different countries. The transactions were in two different currencies and their execution was as follows :At the request of one of its customers, Islamic bank a ....

Question: While preparing a manual for vehicle financing through a Murabahah structure, an Islamic bank wanted to adopt a provision of security deposit. This is an amount deposited by the customer at the time of submission of the Murabahah application and ....

By: Abu Zayd, Abd al-Azim Jalal. Global Islamic Economics Magazine. No. 29 (Oct. 2014), pp.57-59, 3 p.

Subjects: Islam; Islamic Banks; Social responsibility

By: Bilghannami, Wasilah Najah. Global Islamic Economics Magazine. No. 29 (Oct. 2014), pp.46-50, 5 p.

Subjects: Corporations; Islam; Social responsibility

By: Rosman, Romzie. Global Islamic Economics Magazine. No. 29 (Oct. 2014), pp.44-45, 2 p.

Subjects: Islam; Islamic Banks; Risk management

Question: I work for a software distribution company, where the revenue is generated by selling the software to different types of companies like oil and gas, media, banks, hospitals, airlines, etc. We are not sure how their revenue is generated.I understand ....

Subjects: Income; Islamic jurisprudence; Profits; Usury

Question: An Islamic insurance (Takaful) company has raised the following query seeking Shariah guidance :The Takaful company in the subject year had a number of policyholders filing claims under their relevant Takaful policies, either seeking indemnity against the agreed Takaful events ....

Question: I am working as an external auditor. I have always had the conception that working for a bank is not lawful dealing in interest.I am currently looking for potential jobs and there are some well paid jobs being offered ....

Subjects: Banks; Labour

Question: An Islamic brokerage company has raised the following query seeking Shariah guidance;Pursuant to the initial public offering (IPO), a new company has been established with an aim to carry out Shariah compliant business activities as stated in the company documents ....

Question: Does my husband have to pay tax separately for small tips received during his employment? (For example, an average of £5 cash in hand per day). If it is obligatory to pay tax on this and he refuses to do ....

Subjects: Advice; Employment; Islamic jurisprudence; Payments; Taxes

Question: Is it permissible to use a non-Islamic business account that does not accrue interest for a ltd company ?.

Subjects: Bank accounts; Islamic jurisprudence; Usury

Question: Is it permissible to use a non-Islamic business account that does not accrue interest for a ltd company ?.

Subjects: Bank accounts; Islamic jurisprudence; Usury

Question: Does my husband have to pay tax separately for small tips received during his employment ? (For example, an average of £ 5 cash in hand per day). If it is obligatory to pay tax on this and he refuses ....

Subjects: Islamic jurisprudence; Taxes

Question: An Islamic bank (as Rab-Ul-Maal) extended a Mudarabah facility to a customer (as Mudarib) for investment in his trade business. The facility was disbursed pursuant to the entry into the Mudarabah agreement and the Mudarabah capital was invested by the ....

Question: I have accumulated an interest based debt of which I had no previous knowledge. Is it Haram for me to pay off this interest or am I allowed to pay it off in order to have a “clean slate” so to speak..

Subjects: Debt repayment; Islamic jurisprudence; Usury

Question: I currently work for my own company specializing in providing accountancy services mainly to large corporate businesses. i work 6-12 month contracts on projects or providing short term cover. My contracts are primarily in the banking sector.My key responsibilities are ....

Subjects: Accounting; Banks; Financial statements; Islamic jurisprudence

Question: During the recent economic crisis, an Islamic bank faced a number of defaults in financial commitments by its clients. As a result, the Islamic bank is required to allocate a part of the current income as provision for bad and ....

By: al-Barazi, Man. Global Islamic Economics Magazine. No. 28 (Sep. 2014), pp.68-77, 10 p.

Subjects: Financing; Islamic jurisprudence; Debts; Islam; Islamic World

By: Abu Zayd, Abd al-Azim Jalal. Global Islamic Economics Magazine. No. 28 (Sep. 2014), pp.52-54, 3 p.

Subjects: Contracts; Financial institutions; Financial transactions; Islamic jurisprudence; Social responsibility

By: Ghalib, Abd al-Qadir Warsama. Global Islamic Economics Magazine. No. 28 (Sep. 2014), pp.26-28, 3 p.

Subjects: Bahrain; Case studies; Islamic economics; Law; Tax evasion

By: Abd Allah, Syahida; Zayn al-Abidin, Siti Syafira. Global Islamic Economics Magazine. No. 28 (Sep. 2014), pp.23-25, 3 p.

Subjects: Capital; Investments; Islamic jurisprudence; Speculation; Stocks

By: Mahmud, Najah Abd al-Muttalib Muhammad Jawad. al-Adab Journal. No. 109 (2014), pp.37-58, 22 p.

Subjects: Economics; Glossaries; Islam; Islamic economics; Translation

Question: Is it permissible for Zakat Ul Fitr to be given in the form of cash or new clothes, or must it be spent on food ?.

Subjects: Clothing; Distribution (Economic theory); Fast-break alms tax; Food; Money

Question: An Islamic bank is preparing to launch home finance product for its customers.The product is based on Ijarah Muntahiya Bittamlik (financial lease), through which the bank will purchase the property from the market and lease it to the customer. The ....

Question: Is working for the financial conduct authority permissible ? I understand that they regulate all businesses including banks, and set the standard for all businesses. I also know that you have to work closely to the banking industry as part of this role..

Subjects: Banking services; Financial Conduct Authority; Islamic jurisprudence; United Kingdom

Auditors Inc: PricewaterhouseCoopers (Kuala Lumpur, Malaysia)
Source: Annual report 2014.

Subjects: Accounting; Auditing; Financial statements; Islamic jurisprudence; Right to property

Question: Shariah guidance has been sought by an Islamic bank in relation to pledge or mortgage against auto Murabahah liability. Also, if it is permissible, what shall be the treatment of insurance proceeds in case of total damage to the mortgaged vehicle ?.

Question: Do I need to pay Zakat on my pension each year or when I start receiving it at the age of 55 ? The pension is twofold.1. My employer contributes £ 300 per month towards my chosen pension provider.2. My ....

Subjects: Alms tax; Islamic jurisprudence; Pensions

Question: In the beginning of the year 2014 my husband and I were looking to purchase our first home. We are currently renting privately. I had about £ 50,000 savings. We both work full time and our salaries were going to ....

Subjects: Alms tax; Islamic jurisprudence

Question: Is it permissible to sell and provide halal products to night clubs and bars. I would only be entering their premises during the day time when they will not be engaged in active business. The halal products that I would ....

Subjects: Islamic jurisprudence; Nightclubs; Products; Sales; al-Halal and al-Haram

Question: Can you tell if the following two forms of investments are permissible from a sharia perspective. Intention is to use the schemes as tax efficient vehicles only with a view of separating any impermissible profit and donating it to ....

Subjects: Banks; Investments; Islamic jurisprudence