e-Marefa DataBank for Islamic Economics and Finance

Question: I hope you clarify that doubts. Nowadays stock exchanges in all countries including Islamic countries are available in plenty. The companies which are dealing with Halal business such as computer software, steel etc. are also available in the exchange's list. ....

Subjects: Financial markets; Islamic jurisprudence; Stocks

Question: What is the rule of Islam about taking shares of companies and organizations like ICCI. Please shed a light on my question. May Allah assemble us in his Jannatul-Firdaus. What is the Shari’ah rule about taking insurance ? We need ....

Subjects: Contracts; Insurance; Islamic jurisprudence; Perillous saale; Taboos

Question: Thank you for answering my previous 2 questions. I have a daily question by many Muslims ; I will list some facts then the question (1) we receive money from the banks as an interest on our accounts (2) we ....

Subjects: Alms tax; Taxes

Question: What is the rule of Islam about taking shares of companies and organizations like ICCI.Please shed a light on my question. May Allah assemble us in his Jannathul-Firdaus.What is the Shari’ah rule about taking insurance ? We need to take ....

Subjects: Islamic jurisprudence; Purchasing; Stocks

Question: Are free games gambling ?NotesI am at heart a true Muslim, or so do I think.. may Allah grant that it should be true. I have tried all my life to keep myself away from (Haram) un-rightful earnings. Recently, I ....

Subjects: Gambling; Islamic jurisprudence

Question: I took a loan to continue on what I saved from money to buy a car. When I took this loan from the bank I was not aware that loans are only legal and allowed for essential purposes. Do u ....

Subjects: Purchasing; Usury

Question: Thank you for answering my previous 2 questions. I have a daily question by many Muslims ; I will list some facts then the question (1) we receive money from the banks as an interest on our accounts (2) we ....

Subjects: Bank accounts; Banks; Interest; Islamic jurisprudence; Usury

Question: I live in Morocco and there is no Islamic bank. Can I buy a house with interest procedure.Thank you very much.

Subjects: Islamic jurisprudence; Morocco; Purchasing; Subprime mortgage

Question: What are the types of life insurance that are permissible ?.

Subjects: Islamic jurisprudence; Life insurance

Question: Assalamu Alaikum, I'm a final year medical student studying in Kerala, India. I wish to buy a motor vehicle for my private use. As I've no ready cash, I'm forced to take a loan from a finance group, which offers ....

Subjects: Purchasing; Usury

By: Hasan, Zubayr. Islamic Economic Studies. Vol. 9, no. 2 (Mar. 2002), pp.1-16, 16 p.

Subjects: Crisis management; Economic structure; Financial crises; Islam; Malaysia

By: Ahmad, Habib. Islamic Economic Studies. Vol. 9, no. 2 (Mar. 2002), pp.27-64, 38 p.

Subjects: Islam; Financial institutions; Financing; Islamic jurisprudence; Microeconomics

Publisher: Université Abou Bekr Belkaid (Tlemcen, Algérie). Faculté des Sciences Economiques et de Gestion
Start Date: 2002

Question: I am working in Dubai as Arabic teacher, here Dubai festival is going on, as you know in festival Dubai all companies give some discount and some raffle ticket etc. here there is phone card, which gives 3 Dirhams in ....

Subjects: Credit cards; Islamic jurisprudence

Question: Salam a job in an industrial counseling company is proposed for me. This company offer services and programs to develop activities and rentability of any kind of enterprise. The problem is that among these enterprises, it is very probable to ....

Subjects: Investments; Islamic jurisprudence; Labour; Projects; Taboos

Question: I am interested in buying a house and for this i have to finance it thru a bank. As we all know banks charge interest on the loan they provide and as Muslims we have to stay away from interest. ....

Subjects: Bank loans; Housing; Usury

Question: I have an account with Islamic bank in UAE and that bank gives profit yearly. On this profit some Muslim brother are commenting this is also a kind and different of interest but Islamic banks have termed as profit instead of telling Interest. Kindly make me clear in this regard..

Subjects: Islamic Banks

Question: Assalamu Alaikum brothers, my question was regarding contracts (insurance). I heard that during the time of the Prophet (SAW) his wife Aisha (RA. A) agreed a contract to free a slave, it turned out that this contract was denying some ....

Subjects: Insurance policies

Question: A Muslim living in a Islamic country is paying one income tax i.e., Zakah. But a Muslim living in a non-Muslim country like India, Sri Lanka should pay two income taxes i.e., Zakah and income tax imposed by non-Muslim government. ....

Subjects: Alms tax; Taxes

Question: Assalamo Alaykom besmellah I'm a Muslim living in USA for almost 1,5 year.. I have no citizenship and I’m not a resident too.. So I have to work with other Muslims (Arabs) in what they call Grocery Store. I do ....

Subjects: Alcoholic beverages; Islamic jurisprudence; Sales; Swine

Question: A Muslim living in a Islamic country is paying one income tax I. e., Zakah. But a Muslim living in a non Muslim country like India, Sri Lanka should pay two income taxes I. e., Zakah and income tax imposed ....

Subjects: Income tax; Usury

Question: I am interested in buying a house and for this I have to finance it thru a bank. As we all know banks charge interest on the loan they provide and as Muslims we have to stay away from interest. ....

Subjects: Housing; Islamic jurisprudence; Pakistan; Purchasing; Usury

Question: Assalamu Alaikum : my question may already be one that has been hashed and rehashed through the years, but here I go anyway. It is regarding rent versus mortgage. What is the opinion on paying rent, say $ 1500 on ....

Subjects: Islamic jurisprudence; Mortgages; ٌLeasing

Question: Assalamu Alaykum, Previously, I had already asked whether is ok for me to perform Hajj while I am still paying for my mortgage repayment. Many thanks to the Sheikh who said it was ok, as long as I am able ....

Subjects: Debts; Islamic jurisprudence; Pilgrimage; Subprime mortgage

Question: Borrowing money from bank to complete a down payment to buy a house to live in with my family ,and a house to invest its rent (I did both ,a house to live in 1994 when I immigrate to Canada ....

Subjects: Canada; Islamic jurisprudence; Purchasing; Usury

Question: Salam, I am a student and I am studying at university. I have taken out a loan from a loans company and I will be charged interest in terms of inflation. I am using this money in order to help ....

Subjects: Interest; Islamic jurisprudence; Loans; Payments; Subprime mortgage

Question: Assalamu Alaikum. I am getting interest money to my nri account but I am not using it.So kindly let me know can I give the interest money to my nephew for his education.May al-mighty Allah reward you for you valuable advise for my question..

Subjects: Education; Islamic jurisprudence; Money; Usury

Question: I have an interview with a bank, and have been told that it is Haram to work for a bank, is this true ? I have seen one of the other questions, which says all jobs in banks are not ....

Subjects: Banks; Islamic Banks; Labour

Question: Assalamu Alaikum, I need to know what is the ruling of a person working in a non-Muslim country in a bank as a bank teller who of course makes peoples' deposits into Riba based accounts. I have heard different opinions ....

Subjects: Banks; Islamic Banks; Labour

Question: Assalamu Alaikum learned brother in Islam i live in a small African country, where a local financial institution is intent on opening an Islamic banking division. I have joined this institution and am involved in the setting up of the ....

Subjects: Banks; Financing

Question: Assalamu Alaykum i live in London my parents live in Algeria, they do not have a place were to stay so we hired a place for them but it is too much I want to buy a house for them ....

Subjects: Bank loans; Banks

Question: Is it Halal to purchase medical insurance and long term care insurance ? If not, how do we deal with these potential severe financial events ?.

Subjects: Health insurance; Insurance; Islamic jurisprudence; Medical care; Medicine

Question: Assalamu Alaikum Wa Rahmatu Allah Wa Barakatuh. Dear Olama, I have read many of the articles on this site regarding the borrowing of loans with interest (Riba) to purchase a house or to make a business from. I'm a strong ....

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

Question: Assalamu Alaykum I would be grateful if you could answer three questions : 1) We are presently renting an apartment and now my husband would like to buy a house on credit instead of renting the apartment. Is it Islamically ....

Subjects: Dwellings; France; Islamic jurisprudence; Sales

Question: I have a problem with Riba in the bank. We are getting a lot of facilities in the bank. Over draft and loans but i want to escape all this to clear my self after that, what is going to ....

Subjects: Loans; Overdrafts; Transactions

Question: I am a partner in a commercial transport company. The other partner is not Muslim. The company has been using bank loans with interest to finance purchase of vehicles. What I have to do to avoid Shari’ah violation ? for ....

Subjects: Bank loans; Islamic Banks

Question: I am a partner in a commercial transport company. The other partner is not Muslim. The company has been using bank loans with interest to finance purchase of vehicles. What I have to do to avoid Shari’ah violation ? For ....

Subjects: Corporations; Interest; Islamic jurisprudence; Labour; Unbelievers

Question: I have a problem with Riba in the bank. We are getting a lot of facilities in the bank. Over draft and loans but I want to escape all this to clear my self after that, what is going to ....

Subjects: Banking services; Islamic Banks

Question: Slaam, is simple interest Haram. According to an Isma’ili convert to real Islam like me named--------------, he says simple interest is not Haram ; his website is mostmerciful.com and you can find his email address. I just want the truth, ....

Subjects: Banks; Interest; Islamic jurisprudence; Usury

Question: Assalamu alaikom I live in UK and i want to buy a house. The Islamic banks is asking for higher deposits which i can not afford. Can i take a mortgage. Assalamu-Alaikom.

Subjects: Islamic Banks; Subprime mortgage

Question: I am a small businessman need financial help to survive a business recession. I have no property to sell. Problems could be solved by loan from bank. 10 years before under same situation obtain bank loan and discontinued the loan ....

Subjects: Bank loans; Banks; Islamic Banks

Question: Assalamu Alaikum, I read Dr Qaradawi's Fatwa about taking a loan with interest based on necessity. Living in the expensive California state with a family of two kids and a high rent, does this qualify me for buying a house through the US banks ? JAK,-Emad.

Subjects: Housing; Islamic jurisprudence

Question: Assalamu Alaikum. I live in UK and I want to buy a house. The Islamic banks are asking for higher deposits which I can not afford. Can I take a mortgage ? Assalamu-Alaikum.

Subjects: Housing; Islamic jurisprudence; Sales; United Kingdom

Question: Salam. Three months ago, I was hired as senior engineer by-----consultants in UK. The firm’s clients are local utility companies that need solutions to civil, structural, mechanical and electrical problems. I manage these projects and deal with the associated clients. ....

Subjects: Intellectual property; Islamic jurisprudence; Pirates

Question: Assalamu Alaikum, I am an Indian living in a Hindu majority country. The banking system here runs on interest basis. In a savings account, can I take the money that is given as interest or should I forgo the money. Please instruct. Allah hafiz.

Subjects: Banks; Islamic jurisprudence; Usury

Question: Assalamu Alaikum I have a question concerning interest. Before I converted to Islam, I took out some government loans to finance my education. I also recently discovered a government savings bond that I received as a gift several years ago. ....

Subjects: Endowments; Government bonds; 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; India; Islamic Banks; Labour

Question: Please I wanted to ask about bank's interests for a woman like me who cannot work as I have 2 kids at the same time I know no one who could invest for me this money. My question is also ....

Subjects: Bank deposits

Question: please I wanted to ask about bank's interests for a woman like me who cannot work as I have 2 kids at the same time I know no one who could invest me this money. My question is also please ....

Subjects: Children; Islamic jurisprudence; Labour; Wages; Woman

Question: Dearest brother and respected Shaikh, I pray that Allah continues his blessing upon you and accepts your truly valuable work Fisabilillah, and grants you the highest ranks in Jannah, In Sha Allah. Amin. We are an Islamic Television Channel established ....

Subjects: Islamic jurisprudence; Resale on profit; Usury