Search Results

Question: I live in Virginia, in the United States of America. I recently got married, and I and my husband need a place to live. He is the only one that is working and has to pay for my college. He ....

Subjects: Dwellings; Islamic jurisprudence; Sales; United States

Question: Dear Sir, al Salam Alikom Wa Rahmato Allah Wa Barakatoh, I am asking about : I am living in a rented house since 1965, (35 years) and the owner of the house dead and her sons live in Egypt, they ....

Subjects: Islamic jurisprudence; Landlords and tenants; Money; Payments

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, What the Shari'ah says about taking mortgage on a fix interest and fix term and try to pay-off the loan within that time frame ? May Allah reward you for helping Muslims. Ahmed.

Subjects: Housing; Islamic jurisprudence; Sales; Usury

Question: Salaam. I work as a finance broker providing businesses finance for purchasing equipment, etc. by leasing and rent / buy arrangements only. I understand this to be Islamically acceptable. What is your opinion ? Also, an opportunity has been given ....

Subjects: Financial institutions; Financing; Labour; Purchasing; ٌLeasing

Question: In the name of god the most merciful, the most gracious. Al Salam Alaykum Wa Rahmatullah Wa Barakatuh. Thank you for giving me a time to read my letter and please if you could answer my following question : in ....

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

Question: Assalamu Alaykum WRWB, What are the rulings regarding insurance ? in the US, auto insurance is mandatory, but many of us have life, medical and dental insurance also.Jazakullah for any advice you can offer..

Subjects: Health insurance; Insurance; Islamic jurisprudence; United States; Vehicles

Question: Many years ago, I lied to the social services and obtained money (social welfare) from the UK government, which lasted for a couple of months. I put the money in my bank account and it has mixed with the money ....

Subjects: Bank accounts; Islamic jurisprudence; Money; Social welfare

Question: I play lotto by Internet. It's free I do not pay any money. I have to say if this is Halal or not. Thank you very much..

Subjects: Gambling; Internet; Islamic jurisprudence; Lotteries

Question: Is 'forward booking' in foreign exchange transaction permissible in Islamic Shari’ah ?.

Subjects: Foreign exchange; Islamic jurisprudence

Question: What is the issue in trading options that you already own ? what is the issue regarding trading futures and options ? is there anything in Islamic transactions that is like trading futures and commodities ?Notes : Salam I would ....

Subjects: Futures; Islamic jurisprudence; Transactions

Question: Since I am an expatriate and there are no means to do monetary transactions using Islamic Banks, I am forced to maintain an account in a non-Islamic Bank. Can I use the interest obtained from this account to pay back ....

Subjects: Banks; Islamic jurisprudence; Usury

Question: I am an actuary by profession and engaged in calculating pension and carrying out valuation regarding pension funds. These actuarial valuations are used primarily to arrive at a sustainable contribution rate for the Pension fund. These pension funds are invested ....

Subjects: Discount; Interest rates; Islamic jurisprudence

Question: In USA lots of Muslim bought there home on mortgage i.e., they are paying interest every month on their properties. My question : is it o.k. to pray on the property (house) which is bought on mortgage ? Please let me know. Thanks..

Subjects: Islamic jurisprudence; Purchasing; Real property; Usury

Question: Assalamu Alaykum. We are very happy to have you by our sides. May Allah reward you for everything. Please I want to know if I have the right to take a loan from a bank (which means with Riba) in ....

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

Question: Is studying accounting Halal or Haram... Especially it's full with financial transactions that may be Haram.... P. S. I am in my third year and it's difficult to convert to other fieldNotes : I am in my third year and ....

Subjects: Accounting; Financial transactions; Islamic jurisprudence; Usury

Question: As Salamu Alaikum. I was married in November, 1995, and the dower that was agreed upon was Pakistani Rupees 100,000 in current currency (Muajjal). We now live in the US, and at this time, I would like to pay my ....

Subjects: Dowry; Exchange rates; Foreign exchange; Inflation (Finance)

Question: Assalamu Alaikum I have two questions, 1) I am living in non-Muslim country I have an account in a bank, yearly they are giving interest for my saving account. What can I do for this interest money ? can I ....

Subjects: Islamic jurisprudence; Usury

Question: The govt. here has started some schemes to lends loans to the under privileged youngsters, it also provides the claimants with subsidy to the loan. I am one of the kind without any support from any sources. Should I go for it..

Subjects: Islamic jurisprudence; Loans

Question: What is considered Halal investment given that there are different areas of investment such as mutual fund, stocks, bonds ?I truly appreciate your response as soon as possible..

Subjects: Bonds; Investments; Islamic jurisprudence; Stocks

Question: Al Salam Alaikum. Is it acceptable to deal with Islamic bank for finishing our home which is under construction and in this economic situation we live in Palestine we can not finish it ? So I heard that the bank ....

Subjects: Financing; Islamic Banks; Islamic jurisprudence

Question: As Salaam Alaikum. I have two questions : my first question is : which case formula will be used for Mawarith (The Islamic distribution of the estate) ? I have two wives : 1 wife with 4 sons, and 5 ....

Subjects: Insurance; Islamic jurisprudence; Married women; United States

Question: [What is Shari’ah rule on registering a new local mosque ?].

Subjects: Waqf

Question: Dear Dr. Monzer,Assalamu Alaykum.I hope you are well. I am writing to ask a question regarding using of will and trusts for inheritance purposes. I am aware that you propose use of these instruments in non-Muslim countries. The question I ....

Subjects: Inheritance; Islamic jurisprudence

Question: What about someone wants to put his money in the syndicate and he knows that they will invest it in the bank..

Subjects: Bank accounts; Bank deposits; Islamic jurisprudence; Usury

Question: Assalamu Alaikum Warahmat Allah Wa Barakatuhu Wa Ba'ad, first question : life insurance policy is Halal (allowed) or Haram in Islam ? Second question : is progress payment financing (??) prohibited or allowed ? jazakumullahu Khairan, agilNotes :Ps. : progress ....

Subjects: Insurance; Life insurance; Premiums

Question: Salamu Alaykum From the Fatwa bank, I read that Dealing in Foreign Currency is Halal.The question is about a more specific action in this deal. Where we have two action : (1) Long deal : Where you buy now and ....

Subjects: Contracts; Finance; Foreign exchange; Islamic jurisprudence

Question: Is it permissible to buy / sell stocks of companies that deal in technology and manufacturing or biotech, but that has debt and borrow money from banks for their research and development ? Thus, if the company deals in permissible ....

Subjects: Islamic jurisprudence; Purchasing; Stocks; Technology

Question: Assalamu Alaikum, is it lawful to buy shares in a technology mutual fund ? Although the companies themselves do not deal in anything Haram, some of them (I do not know) may borrow money from banks with interest to finance ....

Subjects: Islamic jurisprudence; Purchasing; Stocks; Technology

Question: Asalamo Alykom I want to ask doctor Qaradawy fatwa (question because : 1-I was his student 2-I believe that his the most admirable (Alam) in the 20th Century. The question is : I work for an insurance company in USA ....

Subjects: Insurance companies; Labour

Question: What about working in an Islamic bank in loans treatments ? Is it Halal or Haram according to Islamic point of view ?Notes : it is the only available job for me now. Do I accept it or not ?.

Subjects: Banks; Islamic Banks; Islamic World; Labour

Question: Is insurance of job allowed ?Notes : Assalamu Alaykum, I'm an expatriate working in UAE. Some of the insurance companies here, have recently introduced Insurance schemes covering the loss of job.There are continuous uncertainties in my profession. However, I have ....

Subjects: Insurance; Islamic jurisprudence; Labour

Question: I just join a new company which is working some like investment but difference is that we ask people to invest their money in our company but their is no limit profit they have to accept profit and loss, in ....

Subjects: Commerce; Islamic jurisprudence; Local currencies; Markup

Question: Assalamu Alaikum, My question is about the ruling in Islam on currency options (a kind of investment)..

Subjects: Islamic jurisprudence; Local currencies; Options (Finance)

Question: [What is Shari'ah rule on index futures and short contracts ?].

Subjects: Futures

Question: Assalamu Alaikum the question concerns Interest or Riba. What shall I do with the Interest I earn from the banks in India. I am not using it for my personal use--should I just leave it at the bank or can ....

Subjects: Islamic jurisprudence; Payments; Usury; Wages

Question: Salaam, why is it Haram to have a mortgage ? What alternative would you suggest to people wishing to own there own place ? There are no Islamic banks so in such a situation why can we not take a ....

Subjects: Islamic jurisprudence; Subprime mortgage

Question: Can I insure my belongings ? I rent a townhouse and in the past I have been robbed..

Subjects: Insurance; Islamic jurisprudence

By: Qahf, Mundhir. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2000; , 54 p.

Subjects: Caliphate; Financial policy; Islam; Islamic economics; Management

By: al-Qaradawi, Yusuf; Qahf, Mundhir. King Abdulaziz University, Islamic Economics Institute,; 31-December -2000; pp.1-369, 369 p.

By: al-Qaradawi, Yusuf; Qahf, Mundhir. King Abdulaziz University, Islamic Economics Institute,; 31-December -2000; , p.

By: al-Qaradawi, Yusuf; Qahf, Mundhir. King Abdulaziz University, Islamic Economics Institute,; 30-December -2000; pp.1-274, 274 p.

Question: Then it would be Haram to take out more loans to finish school that was started before I was a Muslimah, but it would be acceptable to pay back loans very slowly and attend school very slowly, even though attending ....

Subjects: Banks; Education; Islamic jurisprudence; Loans; Students

Question: Is it Halal to do shares / stocks business / investment ?Dear Br. SyedAssalamu Alaikum,.

Subjects: Investments; Islamic jurisprudence; Partnerships; Stocks

Question: What should we do to the interest amount that we receive from Banks. We cannot leave it as such with the bank as it is likely to be used in sinful tasks. Please answer in light of Qur’an and Hadith. Jazakumu Allahu Khairan.

Subjects: Banks; Islamic jurisprudence; Usury

Question: I want to establish a project (industry) the cost of project is one million us dollars, I have half million, I need another half million to complete my project, I sought loan from a bank, bank can give a loan, ....

Subjects: Loans; Usury

Question: I am about to go into business with my mum. I have recently converted to Islam and am trying to change my life to make it as good as I can. My problem is that the business that we are ....

Subjects: Loans; Partnerships; Usury

Question: Salaam Alaikum. I talked to you on the phone the night before last and here are my questions.1. Stock options program : I read that it is haram to trade in options. How about the company giving me options to buy ....

Subjects: Employees; Financial markets; Stocks

Question: As Salamu Alaykum, I currently own some stocks on US markets. After the Fatwas on boycotting US products, I feel guilty about having these stocks. However, the prices of the stocks are very low now and if I sell them ....

Subjects: Economic sanctions; Islamic jurisprudence; Purchasing; Stocks

Question: If a businessman borrows money from bank with interest, can a person work under his company (firm), as employee ?.

Subjects: Corporations; Islamic jurisprudence; Labour; Loans; Usury

Question: Is about putting money in a (Western) bank. What does Islam and Muslim scholars have to say about putting money in a bank and receiving interest from it ? Is this what is called in Islam al Riba ? Jazacumu ....

Subjects: Bank accounts; Islamic jurisprudence; Usury