e-Marefa DataBank for Islamic Economics and Finance

Question: My question is about Riba / interest : I am a real estate agent who lives in Singapore. It is a very small island and land is scarce. Most of the homes here are subsidized by the government but they ....

Subjects: Labour

Question: Assalamu Alaikum, I would like to know whether the income through visa transaction is 'Halal or Haram. Example : I buy a visa from the company for SR-5000 /-and sell it for SR-6000 /- There is no cheating or fraud ....

Subjects: Credit cards; Deals; Islamic jurisprudence

Question: Assalamu Alaikum. If I want to buy a home suing my credit card, and to avoid (Reba), I made the bank to buy the home. Then, I made a separate contract-with the bank-to sell me the home on basis of ....

Subjects: Installment sales; Purchasing

Question: Is it permissible for a merchant to charge customers more for shipping than what it actually costs (thus making a profit from the shipping) ?.

Subjects: Administrative fees; Commissions; Islamic jurisprudence; Maritime transport

Question: As a somewhat inquisitive and educated person, I have dwelled on the issue of Riba. According to the only definition I can find of Riba in the holy Qur’an and the Sunnah is that it was the practice of pagan ....

Question: Assalamu Alaikum. May Allah reward you abundantly in this life and hereafter for helping Muslim Ummah. I believe this is the most authentic site on the web. I need your advise about the loan from my the 401 K plan. ....

Subjects: Islamic jurisprudence; Loans; Taxes; Usury

Question: Taking a credit card is it Haram if you’re paying before you get interest ?.

Subjects: Contracts; Credit cards

Question: Dear Sir....I am a Muslim Egyptian and I have a question for you please. I am an investor in the Egyptian stock market where there are some rules ; price changes have a 5 % limit for up and down ....

Subjects: Investments; Islamic jurisprudence; Purchasing; Stocks

Question: Salaam. I have always been gifted in art, and spent the last few years striving towards entering into a field that would allow me to use my skills creatively... This meant going against the wishes of most everyone in my ....

Subjects: Arts; Islamic jurisprudence

Question: Dear Sheikh, I'm currently working for an investment broker that is owned by a commercial bank. My responsibility is, to disburse the fund such as checks or wires to the clients that sell their stock, this money also accumulates some ....

Subjects: Banks; Corporations; Financial transactions; Islamic jurisprudence

Question: AA I'm working in a dot com company in Santa Clara. I recently came to know that my company is paying the salaries from the interest money ! Can you please let me know if it is Halal to get this salary or not ? Thanks.

Subjects: Interest; Islamic jurisprudence; Wages

Question: Bismillah, Assalamu Alaikkum, a man died, left a wife, 2 female children, father and Monther. How to divide his property for successors in the light of al Qur’an.Jazakumullah Khairan.Notes :Please give evidence of Qur’an Verse nos..

Subjects: Inheritance; Real property

Question: What is the relationship between education and economics in Islamic perspective ? and what is it the importance of education in econimics and to mankind.....

Subjects: Economics; Education; Islamic jurisprudence

Question: Peace of Allah and his blessings be upon you. We are a group of Muslim families who want to form a reciprocal (Takaful) fund where if one of the breadwinners died the rest will pay his / her family $ ....

Subjects: Reinsurance

Question: Assalamu Alaikum I am a professional working in London. The situation with regards to housing is that it is more expensive to rent than to make mortgage payments. Many brothers have come to me saying there are Fatwas which allow ....

Subjects: Islamic jurisprudence; Rent; Subprime mortgage

Question: Assalamu Alaykum : I have read few Fatwas in the site about the stock market. And I would like someone to clarify few points for me. When we talk about the stock market, we should look into how the company ....

Subjects: Financial markets; Stocks

Question: Assalamu Alaikum. Dear Sheik. What is your view in regards to working for a financial institution ? Because that housing condition is getting harder and harder, would buying a house through Riba be Haram ? thanks..

Subjects: Financial institutions; Islamic jurisprudence; Labour; Usury

Question: Assalamu Alaikum,Can you tell us the names of some of the scholars who are at the forefront of Islamic finance and traditional Islamic studies ? Would Justice Taqi Usmani and Sheikh Abu Sattar Abu Ghuddah fit in this category ?.

Subjects: Financing; Islamic jurisprudence; Muslims; Scientists

Question: Dear Sir, this is regarding leasing systems. Can Islamic bank mortgage a property for leasing of vehicle ? please give me the answer. If the Islamic bank not available then what we should do for our business and financial help. Best regards..

Subjects: Financing; Islamic Banks

Question: Dear Sir, the grandfather has left us leaving a house and some money the grandfather had 6 children 2 son 4 daughters how to distribute the property, do guid Ziya.

Subjects: Grandparents; Inheritance; Real property

Question: Assalamu AlaikumSheik, Please give me an overview of how we can determine a job to be Halal or Haram.I would like to know if we're allowed to work for a bank or a subsidiary of a bank although our functions are irrelevant to Riba. Thanks.Assalam 'Alakum Wa Rahmatu Allah.

Subjects: Banks; Islamic Banks; Labour

Question: Assalamu Alaikum.What practical steps can Muslims take to begin to create Islamic financial institutions in the West ? how can these institutions be integrated with the interest based system that currently exists ? .

Subjects: Financial institutions; Western world

Question: Assalamu Alaikum. As a Muslim, am I allowed to invest my money in a stock market ? If not, why ? and am I allowed to bank with non Islamic banks and if not why ?.

Subjects: Investments

Question: Assalamu Alaikum Dr. Kahf,I am running a business, in a non-Muslim country. We sell jewelry and watches and also do repair. I have 2 questions... And they are about doing business. 1 we get a lot of customers who want ....

Subjects: Jewelry; Taxes

Question: As Salamu Alaikum. As a Muslim, am I allowed to invest my money in a stock market and if not why ? And am I allowed to bank with non-Islamic banks and if not why ?.

Subjects: Investments; Islamic jurisprudence; Mutual funds; Purchasing; Stocks

Question: Assalamu Alaykum,I recently read about selling loans (Bay' al-Dayn), I was not able to understand the form of this trade, and the rational for its prohibition. Also does this form of trading exist in modern day trades ?.

Subjects: Factoring; Islamic jurisprudence; Loans; Sales; Usury

Question: Assalaamu Alaikum Dr. KahfI am running a business, in a non-Muslim country.We sell jewelry and watches and also do repair.I have 2 questions... and they are about doing business.1-We get a lot of customers who want to do a trade ....

Subjects: Gold; Islamic jurisprudence; Jewelry; Sales; Silver

Question: Are extended warranties that you can buy Halal ? For instance, you go to sears to buy a TV and they ask you if you want to buy a 2 year warranty..

Subjects: Hedge (Finance); Islamic jurisprudence

Question: As'salaamu'alaykum respected Sheikh,Could you please clarify the points of the fatwa issued by Dr. Yusuf Qaradawi on mortgage ? Jazka'Allahu'khairan.

Subjects: Financing; Housing; Islamic jurisprudence

Question: Assalamu Alaikum, in certain gathering, the guests have to buy ticket to attend the gathering. Sometimes, one of the events in the gathering is drawing some tickets randomly among the tickets that have been bought by the guests, and the ....

Subjects: Awards; Islamic jurisprudence

Question: The banking system in New Zealand and may be in most of the countries is that if you put some money in the saving account you will get interest every month and also you will be charged a monthly bank ....

Subjects: Administrative fees; Banks; Interest; Islamic jurisprudence; Usury

Question: Respected Sir, Assalamu Alaikum, I am an international student from India and have got the admission in a reputed American University (fall 2001 term.) at the Department of electrical and Computer Engineering. My major is Computer Networks and my primary ....

Subjects: Education; Loans; Students

Question: Assalamu Alaikum, my question is : is it allowed to take a loan from a bank to buy a business.. That's the only way to start a business here in the united states... If I want to take a loan ....

Subjects: Loans; Usury

Question: 1. What rule can be drawn out from the Qur'an and the Sunnah regading the business of television ? Can a Muslim do the business of color televisions ? 2. What is the Fatwa on increasing the amount for credit ....

Subjects: Contracts; Islamic jurisprudence; Sales; Television programmes

Question: Is working in a tobacco company Halal, I am out of work and it is a very good company and the package is very good. I have been searching for marketing position for a long time but couldn't find any. ....

Subjects: Customers; Islamic jurisprudence; Marketing; Network marketing; Tobacco

Question: Please let me know the legality of using the money derived from lottery. Is the money derived from lottery Halal or Haram ?.

Subjects: Islamic jurisprudence; Lotteries; Money

Question: Dear Sir I am working for a software company. Our company purchases some soft wares from USA and such good soft wares are as far as we know available in USA only. In this condition should we have to reject ....

Subjects: Commodities; Economic sanctions; Islamic jurisprudence; United States

Donor award: General Council for Islamic Banks and Financial Institutions (Manama, Bahrain)

Subjects: Bahrain; Finance; Financial institutions; Islam; Islamic jurisprudence

Question: Assalamu Alaikum, If a person rents a room here (UK) he has to pay say 200 pounds per month. On the other hand if he buys a house (on mortgage), and rent a part of it, he will Safe the ....

Subjects: Dwellings; Islamic jurisprudence; Purchasing; ٌLeasing

Question: Greetings. I'd like to ask 2 questions, and thank you in advance for your answers. 1) Is tattoo for females on an unexposed body part allowed / permitted or not. 2) Some people asked you a question about mortgage with ....

Subjects: Canada; Housing; Islamic jurisprudence; Purchasing

Question: As Salamu Alaikum : I live in the UAE for the last seven years. Four years back, a very close relative of mine took a loan from me-essentially my 3 year savings with a promise to return in a month. ....

Subjects: Debt repayment; Debts; Inflation (Finance); Investments; Islamic jurisprudence

Question: Can you please tell me if it is permissible to be involved with real estate foreclosure. If it is permissible, can you tell me the proper Islamic rules involved with these transactions and with all real estate transactions in general. Jazakallahu..

Subjects: Contracts; Islamic jurisprudence; Purchasing; Real property; Sales

Question: I am a student in UK, my father is paying my college fees but he is working in a bank (as I now it is Haram to work there). Is it Halal for me to study in this way ??.

Subjects: Banks; Islamic Banks; Islamic World; Labour

Question: Assalamu Alaikum : well, I think I have a very hard question, which could be classified, in the gray area : my school wants to do some fundraising to buy a mini van, So by the help of another company, ....

Subjects: Awards; Islamic jurisprudence; Sales; Taboos; Wages

Question: I want a 'Fatwa' in dealing buying and selling wine and similar stuff from and to non Moslems. But not drinking. Jazaka Allah Khairan.

Subjects: Alcoholic beverages; Commodities; Islamic jurisprudence; Sales; Unbelievers

Question: Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh. Is it ok to work as a real estate agent ? Jazaka Allahu Khairan Wassalam Alaikum..

Subjects: Labour; Real property

Question: Salmo Aleko, dear imam, I got married 5 months ago and my wife is American and she converted to Islam. Last week she came to me and told me that she is pergnant (one month) and I and she don't ....

Subjects: Abortion; Islamic jurisprudence

Question: Salam Alaykum, I have bought a one bedroom flat with a bank credit which has got interest. The thing is that I don't live in this flat. I have one person who pays me the rent that allows me to ....

Subjects: Dwellings; France; Islamic jurisprudence; Purchasing; ٌLeasing

Question: Assalamu Alaykum, I need all the information that I can get on the Fatwa that allows home financing for Muslim in a non-Islamic state where Islamic financial methods are not adopted. Wassalam Alaykum Muhammad.

Subjects: Financing; Housing; Islamic jurisprudence; Purchasing; Western world

By: al-Khuwaylidi, Abd al-Sattar. Etudes en Economie Islamique. Vol. 2, no. 1 (Apr. 2001), pp.103-112, 10 p.

Subjects: Capitalism; Economic systems; Financial institutions; Financing; Islam