e-Marefa DataBank for Islamic Economics and Finance

Donor award: Kuwait

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

By: al-Hiraika, Adam B.. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2003; pp.1-75, 75 p.

Subjects: Financial institutions; Financing; Islamic jurisprudence; Microfinance; ٌLeasing

By: Bagsiraj, Muhammad Ghous Ikhtiyaruddin. King Abdulaziz University, Islamic Economics Institute,; 31-December -2003; pp.1-227, 227 p.

Subjects: Financial institutions; India; Islam; Islamic economics

By: Qahf, Mundhir. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2003; pp.1-105, 105 p.

Subjects: Islam; Sustainable development; Economic development; Environment protection; Islamic World

Question: Aslamu Alaikum, is it permissible for a Masjid (Islamic center) to pay for its expenses using credit cards knowing the limited funding that Masajid nowadays have so they might not be able to cover their credit card bills at the ....

Subjects: Credit cards; Islamic jurisprudence

By: Hassan, M. Kabir; Farahat, Juzif; al-Zubi, Bashir Khalifah. Islamic Economic Studies. Vol. 11, no. 1 (Sep. 2003), pp.1-30, 30 p.

Subjects: Banks; Financial markets; Investments; Islam; Islamic jurisprudence

By: Bashir, Abd al-Hamid M.. Islamic Economic Studies. Vol. 11, no. 1 (Sep. 2003), pp.31-57, 27 p.

Subjects: Banks; Financial policy; Islam; Islamic economics; Profits

Donor award: Sudan

Subjects: Banks; Commercial law; Islam; Islamic jurisprudence; Law

By: al-Zarqa, Muhammad Anas. Journal of King Abdulaziz University : Islamic Economics. Vol. 16, no. 1 (2003), pp.3-42, 40 p.

By: Khan, Muhammad Fahim. Journal of King Abdulaziz University : Islamic Economics. Vol. 16, no. 1 (2003), pp.45-52, 8 p.

Donor award: Jordan

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

Question: We have put money in bank since a long time and we have much interest on this money now in bank. Can we use this interest money for the Mosque or Madrasah or another work ? if no, what can we do with it ?.

Subjects: Banks; Interest; Islamic jurisprudence; Usury

Question: I am working as a Dy. Manager in a reputed bank .In India you know how banks run and their way of income etc. But since I am working in a bank in India, can my job in any way ....

Subjects: Banks; Labour; Managers

Question: Dear Sheikh. Assalamu Alaikum. I have 2 main problems which is bugging me since I was last retrenched back in Jan last year. I found a job recently, Alhamdulilah, at a US credit bank. Firstly, I am wondering in a ....

Subjects: Banks; Friday prayer; Labour

Question: Assalamu Alaikum Brother, My question is concerning 401 K retirement account, I wasn't sure until recently I heard that 401 K or retirement account uses interest or Riba, I know that 401 K fidelity uses dividends is that still not ....

Subjects: Islamic jurisprudence; Savings accounts; Usury

Question: Assalamu Alaikum Wa Rahmatu Allah Wa Barakatuh ! I'd like to ask the following : can a female (married) give the interest she receives from her stocks / Bank Accounts to family as a help with their finances (housing, bills ....

Subjects: Banks; Interest; Islamic jurisprudence; Usury

By: Youala, Ali. Etudes en Economie Islamique. Vol. 3, no. 1 (Mar. 2003), pp.21-35, 15 p.

Subjects: Income; Islamic economics; Islamic jurisprudence; Markets; State

By: Khan, Muhammad Akram. Islamic Economic Studies. Vol. 10, no. 2 (Mar. 2003), pp.29-43, 15 p.

Subjects: Alms tax; Islamic jurisprudence; Accounting; Islamic economics; Pakistan

By: Elgari, Muhammad Ali. Islamic Economic Studies. Vol. 10, no. 2 (Mar. 2003), pp.1-25, 25 p.

Subjects: Banks; Islamic jurisprudence; Financing; Islam; Loans

Question: Is prize money received considered Halal in Islam ? and are Shares and stocks Halal in terms of profits received used for pilgrimage ?.

Subjects: Awards; Islamic jurisprudence; Money; Stocks

Question: About banking interest (Riba). Shall I pay the interest to the poor as help. What can I do the same in a better way if it occurs on our life ?.

Subjects: Interest; Money; Usury; Wages; Waqf

Question: It is about banking interest (Riba). Shall I pay the interest to poor as help. Can I do the same in a better way if it occurs on our life ?.

Subjects: Islamic jurisprudence; Money; Usury; Wages

Question: Is it possible to issue Halal certificates to vendors operating on or close to premises where gambling and alcohol is distributed ?.

Subjects: Alcoholic beverages; Gambling; Islamic jurisprudence

Question: Thank you again for your most gracious and timely response to my question. If I may bother you yet again to just clarify some of the points you made. You stated that insurance that is not interest based is acceptable ....

Subjects: Insurance policies; Life insurance

Question: Salaam Alaikum, Jazakallah for taking your time to answer this question. My non-Muslim father recently passed away. He had a life insurance policy. I wanted to know if it is permissible for me to accept my share of this inheritance. ....

Subjects: Insurance; Insurance policies; Life insurance; Muslims

Question: Salaam Alaikum,Jazakallah for taking your time to answer this question. My non-Muslim father recently passed away. He had a life insurance policy. I wanted to know if it is permissible for me to accept my share of this inheritance. Specifically ....

Subjects: Endowments; Insurance revenues; Life insurance; Muslims

Question: Sir, I always follow Islamic rules as it is mentioned without any tilt. Now I have approached you to know the Islamic views for "network marketing." I wish to select it to be my profession. As I have noticed from ....

Subjects: Islamic jurisprudence; Network marketing

Question: [Question One] :Dir Sir,I am from Sri Lanka. We are minority in our county. Most of the companies are dealing with interest. I am working for a finance company as a software engineer. I have been working here for more ....

Subjects: Financing; Labour; Usury

Question: Assalamu Alaikum. The following is a dilemma / question someone has asked me to request your opinion on the matter. A Brother in Islam who by profession is a taxi driver was asked by a Non Muslim if he accepted ....

Subjects: Advice; Islamic jurisprudence; Transactions; Usury

Question: Assalamu Alaikum.... I would like to know your fatwa about participation in this free lottery service. http://www.freelotto.com / thank you for your Fatwa..

Subjects: Gambling; Internet; Islamic jurisprudence; Lotteries

Question: [What is Shari'ah rule on sending mother for Hajj while under interest-based student loan].

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

Question: Assamalkium W.B Brother in Islam Two months ago I have moved to Auckland from Christchurch (New Zealand) after spending six years there. The Muslim population of Auckland is exceeding 17, 000 and this number is expected to keep increasing in ....

Subjects: Islamic jurisprudence; Lotteries; Poor

Question: I'm Muslim, I live in USA, I found a job with a financial services company, we sale financial products like term insurance and loans... All based on interest. Is it ok for me to work for that company ? Can ....

Subjects: Insurance; Islamic jurisprudence; Labour; Loans; Sales

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: Assalamu Alaikum : Riba : Al-Azhar Fatawa say modern fixed bank interest is not Ribaj-jahliya. Here in Pakistan the devaluation is about 18 % p.a banks pay only 12 % which they call profit. We officially have no Riba bank ....

Subjects: Islamic Banks; Profits

Question: Assalamu Alaikum : Riba: Al-Azhar Fatawa say modern fixed bank interest is not Ribaj-Jahliya. Here in Pakistan the devaluation is about 18 % p. A banks pay only 12 % which they call profit. We officially have no Riba bank ....

Subjects: Compensation (Law); Inflation (Finance); Usury

Question: Assalamu Alaikum ba3da salaam I would like to thank u for a great work you guys have been doing.. I am proud to say that Islam online is one of the best Islam websites on the net.. I would like ....

Subjects: Education; Pilgrimage; Students; Usury

Question: Assalamu Alaikum : Riba : al-Azhar Fatawa say modern fixed bank interest is not Riba aj-jahliya. Here in Pakistan the devaluation is about 18 % p. a banks pay only 12 % which they call profit. We officially have no ....

Subjects: Bank deposits; Inflation (Finance); Islamic jurisprudence; Pakistan; Profits

Question: Please explain the difference between 'gambling' and 'investment'. In both cases, you can either lose all of your money and gain lots of money..

Subjects: Gambling; Investments; Islamic jurisprudence

Question: Assalamu Alaikum, People have told me that insurance on anything is Haram. One of their reasons is that it interferes with the will of Allah (SWT), but obviously nothing can interfere with the will of Allah (SWT). Also as one ....

Subjects: Taxes

Question: Assalamu Alaikum ! in U. A. E there is a bank called "Mashreq". They have a scheme in which the people can buy 'savings certificates' on whom no interest is given but there is a draw for such holders. So ....

Subjects: Awards; Islamic jurisprudence; Savings

Question: Assalamu Alaikum I am a Muslim man living in the united states I am trying to start a business here but I can't afford to pay cash money my question is that ok in Islam if that I take a ....

Subjects: Usury

Question: Assalamu Alaikum, I read 2 Fatwas on this great site about network marketing or pyramid commisions but still have something to confirm. I come across a Fatwa regarding network marketing by a prominent scholar and he mentioned that it is ....

Subjects: Market economy; Marketing; Price policy

Question: I have a bank account in a secular bank in Kerala and there is RS 5000 as interest, at the same time I have to pay RS 5000 as income tax for my income for one year. If I can ....

Subjects: Money; Payments; Taxes; Usury

Question: Is the job of an actuary who mainly calculates insurance premiums haram in Islam ?Working as an actuary.

Subjects: Insurance companies; Labour

Question: Is the job of an actuary who mainly calculates insurance premiums Haram in Islam ?.

Subjects: Insurance companies

Question: Salam Shaikh I have recently set up a charitable organization to cater for the need of the Muslim youth in Scotland. I am currently seeking funding from funding bodies. I am faced with a dilemma that most of these bodies ....

Subjects: Financing; Islamic jurisprudence; Profits

Question: Don’t Islamic banks give interest like other banks ?.

Subjects: Bank deposits; Islamic Banks