بنك معلومات "معرفة" للاقتصاد والتمويل الإسلامي

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; Usury

Question: One of my friends is a wedding photographer. Is the job permissible ? He doesn’t print the photos off and hands it to the customer as a CD, but the same time he takes photos in a mixed gender environment. ....

Subjects: Islamic jurisprudence; Photography

Question: What is the Islamic position on CFD trading ? I know spread betting is not allowed and is fundamentally different to CFD Trading as the former is a synthetic market that can be manipulated by the market makers.Additionally, with regards ....

Subjects: Contracts; Islamic jurisprudence; Profits; Stocks

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: A group of conventional and Islamic participating banks entered into a syndication to provide financing for a large project through an Islamic facility to be provided through an Islamic bank acting as an investment agent.Although the majority of the participating ....

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Subjects: Banking services; Islamic jurisprudence; Leasing leading to proprietorship; ٌLeasing

Question: An Islamic bank has issued a Murabahah-based documentary letter of credit (LC). The LC was based on a proforma invoice issued by the supplier containing description, quantity and price of the goods besides shipment date. The LC documents have been ....

By: Abu Zayd, Abd al-Azim Jalal. Global Islamic Economics Magazine. No. 27 (Aug. 2014), pp.43-45, 3 p.

Subjects: Contracts; Financing; Islamic jurisprudence; Product development; Social responsibility

By: Furqani, Hafas. Global Islamic Economics Magazine. No. 27 (Aug. 2014), pp.37-39, 3 p.

Subjects: Income distribution; Islam; The holy koran

By: Ghalib, Abd al-Qadir Warsama. Global Islamic Economics Magazine. No. 27 (Aug. 2014), pp.34-36, 3 p.

Subjects: Bahrain; Case studies; Taxes

Donor award: Dubai International Financial Centre (Dubai, United Arab Emirates)

Subjects: Administrative law; Financial institutions; Financial transactions; Islam; Shariah censorship

Donor award: Malaysia

Subjects: Banks; Islam; Islamic jurisprudence; Law; Profits

Question: I would like to know, if a student applies for a means tested grant, is the money Halal, if the parent is required to declare their income in the application and they fail to declare it truthfully. Is the student ....

Subjects: Grants; Income; Money

Question: An Islamic bank is planning to launch a retail product to fulfill the personal finance needs of its customers. The product is based on the Salam contract.Shariah guidance is required as to whether it is permissible for the Islamic bank ....

Auditors Inc: Ernst and Young (Manama, Bahrain)
Source: Annual report 2014.

Subjects: Annual reports; Auditors' reports

Donor award: United Arab Emirates

Subjects: Banks; Commercial law; Financial institutions; Islam; Islamic jurisprudence

Question: Shariah guidance is sought as to whether it is permissible for an Islamic bank to accept funds from a conventional bank in order to invest the same along with its common investment pool..

Question: A customer previously obtained an Ijarah facility (financial lease) from an Islamic bank in order to procure a building. The tenor of the facility was 20 years.During the term of the facility, the customer requested the bank to allow for ....

Question: A customer previously obtained an Ijarah facility (financial lease) from an Islamic bank in order to procure a building. The tenor of the facility was 20 years.During the term of the facility, the customer requested the bank to allow for ....

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Subjects: Financing; Forward buying; Islamic jurisprudence; Sales

Question: I have a question re income generated from selling musical instruments. In my ‘pre-practising’ days I had purchased musical equipment such as keyboards and subwoofers. The money used to purchase these back then was Halal. If I did now sell ....

Subjects: Income; Islamic jurisprudence; Musical Instruments; Sales; al-Halal and al-Haram

By: Nur Allah, Mustafa W.. Global Islamic Economics Magazine. No. 26 (Jul. 2014), pp.53-54, 2 p.

Subjects: Banks; Islamic Banks

By: Bin Yusuf, Muhammad. Global Islamic Economics Magazine. No. 26 (Jul. 2014), pp.37-39, 3 p.

Subjects: Strategic planning

By: Yaqub, Hakimah. Global Islamic Economics Magazine. No. 26 (Jul. 2014), pp.34-35, 2 p.

Subjects: Agency (Law); Contracts

By: al-Barazi, Man. Global Islamic Economics Magazine. No. 26 (Jul. 2014), pp.31-33, 3 p.

Subjects: Capital; Costs; Inflation (Finance); Investments; Islamic jurisprudence

Donor award: Central Bank of Bahrain

Subjects: Bahrain; Annual reports; Auditing; Islam; Stockholders

Question: An Islamic bank intends to offer financing at preferential profit rates to its staff to help them purchase vehicles. However, the preferential rate is intended to be applicable only during the employment tenor. Can the Islamic bank achieve this objective in a Shariah compliant manner ?.

Question: Would it be permissible to pay Zakat to the institution who are to spend it 100 % on feeding, clothing and living essentials of the pupils ?.

Subjects: Alms tax; Alms tax bestowments; Islamic jurisprudence; Money; Payments

Question: Does a woman have to pay Zakat on her gold even if her and her husband do not have enough cash over the Nisab ? i.e. does she have to sell some gold and pay separately ?.

Subjects: Alms tax; Gold; Islamic jurisprudence

Question: Is Zakat due on an amount of money I only came to possess 11 days before my Zakat anniversary, and which is going to be used to buy a house (and therefore not “surplus” wealth) ?.

Subjects: Alms tax; Islamic jurisprudence

Question: I understand that the Zakah is 2.5 % of assets but if one has more than that to pay and is able and willing, can they do that ? or does it have to be exactly 2.5 %, no less or more ?.

Subjects: Payments

Question: A man passes away leaving a wife and three children. The process of sorting out his estate takes 2-3 years in which time the family does not know exactly how much has been left behind and therefore they don’t know ....

Subjects: Alms tax; Inheritance; Islamic jurisprudence

Question: Many conventional banks have products called ‘Offset’ mortgages. These are mortgages whereby :If I have a mortgage of 50 K and savings of 50 K the savings offsets the interest on the remaining mortgage value. So in the above case ....

Subjects: Islamic jurisprudence; Subprime mortgage; Usury

Question: Many conventional banks have products called ‘Offset’ Mortgages. These are mortgages whereby : If I have a mortgage of 50 K and savings of 50 K the savings offsets the interest on the remaining mortgage value. So in the above ....

Subjects: Islamic jurisprudence; Subprime mortgage; Usury

Question: A customer of an Islamic bank wants to construct a school building for which he has requested the Islamic bank for finance. The land whereupon the building will be constructed is not owned by the customer but taken by him ....

Question: Is it permissible for an organisation or charity that collects and distributes Zakat funds to use Zakat income to cover costs that are incurred directly as a result of the Zakat distribution process, e.g. salaries of caseworkers or fieldworkers, IT ....

Subjects: Alms tax; Charities; Islamic jurisprudence

Question: I would like to find out what I should do in a situation where in I owe money to a few organisations but I don’t know how much as I owe this money was due years ago, do I take a rough calculation and subtract it from the Nisab ?.

Subjects: Alms tax; Debts; Islamic jurisprudence

Question: I am a teacher in a secondary and one thing that is offered to all teachers is the teacher pension scheme. Such a scheme or any pension scheme deemed as Halal, would it be better to opt-out of such schemes ....

Subjects: Employers; Islamic jurisprudence; Pensions

Question: I am a teacher in a secondary and one thing that is offered to all teachers is the teacher pension scheme. Such a scheme or any pension scheme deemed as Halal, would it be better to opt-out of such schemes ....

Subjects: Islamic jurisprudence; Pensions; Wages

Question: An Islamic bank had issued a letter of credit, for a customer applied for the same. Since the customer could not manage the availability of the fund in its account when the documents under LC were negotiated and payment became ....

Question: The government backed start up loans company is offering a shariah compliant loan to customers wanting a Halal alternative. The Shariah compliant loan is being arranged by the financing Sharia enterprise and from their website it appears they are using the Mudaraba system. Is this acceptable according to shariah ?.

Subjects: Financing; Islamic jurisprudence; Loans; Speculation

Question: Does Zakah need to be paid on maternity pay that may need returning if one can’t go back to work and hence has been kept aside ?.

Subjects: Alms tax; Islamic jurisprudence

Question: In view of repeated requests from various customers, an Islamic bank has sought Shariah guidance in order to assess whether it can introduce an overdraft facility to its valued customers for certain required periods against an agreed fee.Under such a ....

By: Khan, Muhammad Fahim. Journal of Islamic Business and Management. Vol. 4, no. 1 (Jun. 2014), pp.17-54, 38 p.

Subjects: Consumer behaviour; Economic aspects; Islam; Islamic jurisprudence; Rationing

By: Rafi Allah, Shaykh; Khan, Atiq al-Zafar. Journal of Islamic Business and Management. Vol. 4, no. 1 (Jun. 2014), pp.73-98, 26 p.

Subjects: Financing; Investments; Islam; Islamic jurisprudence; Securities

By: Lallmahmud, Munir al-Din. Journal of Islamic Business and Management. Vol. 4, no. 1 (Jun. 2014), pp.99-124, 26 p.

Subjects: Banks; Financing; Islam; Economics; Islamic economics

By: Ayyub, Muhammad Sadiq. Journal of Islamic Business and Management. Vol. 4, no. 1 (Jun. 2014), pp.191-196, 6 p.

Subjects: Islam; Financing; Interdependence; Islamic jurisprudence; Macroeconomics

By: Habib, Faruq; Ahmad, Abu Umar Faruq. Journal of Islamic Business and Management. Vol. 4, no. 1 (Jun. 2014), pp.125-142, 18 p.

Subjects: Financing; Islam; Financial transactions; Foundations of Islamic jurisprudence; Islamic jurisprudence

By: Hasan, Zubayr. ISRA International Journal of Islamic Finance. Vol. 6, no. 1 (Jun. 2014), pp.195-201, 7 p.

Subjects: Housing; Property transfers

By: Salim, Muhammad Yusuf; Mahaini, Muhammad Ghayth; Kurishi, Husayn. ISRA International Journal of Islamic Finance. Vol. 6, no. 1 (Jun. 2014), pp.183-193, 11 p.

Subjects: Accounts; Investments; Malaysia