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Statistical Reports

Table 19-5, Investment companies operating in accordance with the provisions of Islamic Sharia : liabilities.

Quarterly Statistical Bulletin. Central Bank of Kuwait.; Economic Research Department Vol. 38, no. 4 (Oct. / Dec. 2012), pp.68-68, 1 p.

Subjects: Islamic jurisprudence; Mutual funds; Debts; Kuwait; Statistics

Statistical Reports

Monetary indicators. Table 19-4,

Quarterly Statistical Bulletin. Central Bank of Kuwait.; Economic Research Department Vol. 38, no. 4 (Oct. / Dec. 2012), pp.67-67, 1 p.

Subjects: Islamic jurisprudence; Mutual funds; Inventories; Kuwait; Statistics

Fatawa

Prohibition of Riba interest and its philosophy : can Egypt build a socially just economy ?

Question: Dear Dr. Kahf,I am a Masters student at the London School of Economics doing some research into whether Egypt now has an opportunity to create a more socially just economy, possibly based on Islamic principles. I am writing an article ....

Subjects: Economics; Egypt; Islamic economics; Islamic jurisprudence

Fatawa

[Buying a home]

Question: Can you, please, advise if it is Halal to buy a home with a mortgage ? It seems that a lot of "Islamic mortgages" are the same but with higher interest rates. And the only difference is calling it investment. ....

Subjects: Housing; Islam; Mortgages; Purchasing

Fatawa

[Need your co-operatiob]

Question: As-salamu `Alaykum. I hope this mail finds you in best of Eman and health, InSha’ Allah. Firstly I would like to say Jazaka Allah Khair to onislam.net team for this opportunity. May Allah give us sincerity and steadfastness, Amen.I ....

Subjects: Financing; Islamic jurisprudence

Fatawa

[Financial issues]

Question: If someone helps someone earn unlawful wealth, will the money also be unlawful for him, or would it be lawful but he’s sinning ?.

Subjects: Financial markets; Islamic jurisprudence

Fatawa

Is comprehensive car insurance permitted or should third party insurance only be taken ?

Question: -.

Subjects: Insurance; Islamic jurisprudence; Vehicles

Fatawa

[Can husband inherit the share of his deceased wife ?]

Question: Salam, Ustazna,Hope you are well. I hope you clarify the answer for this question ; you answered one point, when the daughter dies, what about if the mother died, can her husband inherit her share in her mother’s estate ? ....

Subjects: Inheritance; Islamic jurisprudence

Fatawa

If a Muslim is working as a cab driver, can they charge a customer who wants to go to a pub or nightclub ?

Question: -.

Subjects: Islamic jurisprudence; Taxicabs; Transport

Fatawa

Can I take medical insurance as part of my salary package ?

Question: Can I take medical insurance as part of my salary package ?If an employer gives you a choice between taking some extra cash other than salary or get medical benefits, and one knows that medical benefits / insurance is more ....

Subjects: Deals; Employees; Health insurance; Islamic jurisprudence; Wages

Fatawa

Providence funds and retirement accounts : provident fund

Question: Dear Brother AssalamuAlaikum :Hope you are fine. I come up with a question. Please find some time to answer these questions. Situation : provident fund (PF) has two parts, firstly $ 100 is taken from my salary another $ 100 ....

Subjects: Islamic jurisprudence; Savings

Fatawa

Is interest permissible if below the inflation rate ?

Question: Is interest permissible if below the inflation rate ? .

Subjects: Inflation (Finance); Islamic jurisprudence; Mubah; Usury

Fatawa

Inflation and Riba : effect of inflation on a loan

Question: Dear Dr. Monzer, As-Salamu Alaykum Wa Rahmatu Allah WaBarakatuI hope this e-mail finds you in the best of health and Iman.Below is a financial question that I have from our community.Hosam-CanadaI would like your insight into a matter for me. ....

Subjects: Inflation (Finance); Islamic jurisprudence; Loans

Fatawa

Credit card debt : huge credit cards debts

Question: Huge credit cards debts ?Salam U Alakum Br. Monzer,I hope all is well with you. I wanted to seek your opinion regarding my current financial situation. I have approximately $ 20 K in credit card debts which are on Zero ....

Subjects: Credit cards; Debts; Islamic jurisprudence; Usury

Fatawa

Buying properties on interest loans : financing a car, a house

Question: Assalamu Alaykum,Dear Dr. Kahf,I am sure you have addressed this issue many times before.I did some research online to finally find a name that can help me. I have 2 questions.1-My husband and I would like to buy a new ....

Subjects: Automobiles; Financing; Housing; Islamic jurisprudence; Usury

Fatawa

Working in Riba institutions : work in investment management company

Question: [Question one] :Assalamu Alaikum Dr. Monzer,JazakAllahu Khairan for your response to my fiancé in regards to the condo purchase as well as my current position within Finance. I would like to shed a little more light on what I do ....

Subjects: Corporations; Investments; Islamic jurisprudence; Labour

Statistical Reports

Table 19-9, Investment companies operating in accordance with the provisions of the Islamic Sharia : contra accounts.

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 11 (Nov. 2012), pp.46-47, 2 p.

Subjects: Islamic jurisprudence; Mutual funds; Accounting; Kuwait; Statistics

Statistical Reports

Table 19-6, Investment companies operating in accordance with the provisions of the Islamic Sharia : foreign assets and liabilities.

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 11 (Nov. 2012), pp.41-41, 1 p.

Subjects: Islamic jurisprudence; Debts; Inventories; Kuwait; Statistics

Statistical Reports

Table 19-5, Investment companies operating in accordance with the provisions of the Islamic Sharia : liabilities.

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 11 (Nov. 2012), pp.40-40, 1 p.

Subjects: Islamic jurisprudence; Mutual funds; Debts; Kuwait; Statistics

Statistical Reports

Table 19-4, Investment companies operating in accordance with the provisions of the Islamic Sharia : assets.

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 11 (Nov. 2012), pp.39-39, 1 p.

Subjects: Islamic jurisprudence; Mutual funds; Inventories; Kuwait; Statistics

Fatawa

When applying for a grant to be used for a specific purpose, is it permissible for one to use the grant received for a different purpose ?

Question: -.

Subjects: Grants; Islamic jurisprudence; al-Niyyah (Islam)

Fatawa

If one has to pay money to apply for a grant, would this be considered gambling ?

Question: -.

Subjects: Administrative fees; Commissions; Gambling; Grants; Islamic jurisprudence

Fatawa

In my final salary pension there is a ‘death in service’ agreement, whereby lifetime assurance cover is payable which is 4 times the salary value. This is paid by the employer an no contributions are made by the employee. Is it permissible for my spouse to receive this lump sum ?

Question: -.

Subjects: Islamic jurisprudence; Pensions; Severance pay

Fatawa

Is Zakah liable on the employee employer contributions of a final salary pension scheme ?

Question: Is Zakah liable on the employee / employer contributions of a final salary pension scheme ?.

Subjects: Alms tax; Islamic jurisprudence; Pensions

Fatawa

[Should interest-based student loan be paid back ?]

Question: As-Salamo Alaykum. I live in America and got student loans with interest when attending university here. At that time I did not Know that the interest was Haram. Now I have to pay back the loan with interest. Should I ....

Subjects: Banks; Debt repayment; Education; Islamic jurisprudence; Students

Fatawa

[Out-of-wedlock but clamed child inheritance]

Question: Good day Sir, I happened to have a question regarding inheritance.The question goes like this : a man was born by an unbelieving unmarried woman. Later on the man who fathered the child, a Muslim came along and claimed his ....

Subjects: Inheritance; Islamic jurisprudence

Fatawa

[Inheritance, wife, 3 daughters and father’s brother]

Question: My father has just passed away leaving behind a widow and three daughters. Now as we don't have a brother, major part of the inheritance will go to my father's brother who has always created problems for us and did ....

Subjects: Inheritance; Islamic jurisprudence

Fatawa

[Islamic house finance is more expensive than interest finance]

Question: Assalamualaykum,Hope you are doing well. I have different opinions from different people regarding having own house. Some people say that since you are living in Canada, so you have to follow the same way buying house through mortgage if you ....

Subjects: Housing

Fatawa

Mandatory nature of inheritance system overrides any will : surpassing the Wassiyyah (last will)‎

Question: Assalamu Alaikum Dr MonzerI hope you are well InShaAllah. Could you please guide me with regards to the following matter ? My father passed away and left an amount of 80000 and as Wassiyyah he informed me and our family ....

Subjects: Islamic jurisprudence; Wills

Fatawa

Shariah ruling for premium banking services

Question: Meezan Bank's premium banking is a banking proposition for providing specialized shariah compliant banking services to individual customers maintaining single or joint accounts with the bank who meet the criteria set for premium banking. the criteria for premium banking is ....

Subjects: Banks; Debts; Islamic jurisprudence; Pakistan; Stockholders

Statistical Reports

Table 19-9, Investment companies operating in accordance with the provisions of the Islamic Sharia : contra accounts.

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 10 (Oct. 2012), pp.46-47, 2 p.

Subjects: Islamic jurisprudence; Mutual funds; Accounting; Kuwait; Statistics

Statistical Reports

Table 19-6, Investment companies operating in accordance with the provisions of the Islamic Sharia : foreign assets and liabilities.

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 10 (Oct. 2012), pp.41-41, 1 p.

Subjects: Islamic jurisprudence; Debts; Inventories; Kuwait; Statistics

Statistical Reports

Table 19-5, Investment companies operating in accordance with the provisions of the Islamic Sharia : liabilities.

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 10 (Oct. 2012), pp.40-40, 1 p.

Subjects: Islamic jurisprudence; Mutual funds; Debts; Kuwait; Statistics

Fatawa

Lies in documents, pirated, harmful products, etc. : getting scholarship with a claim of zero income

Question: Dear Dr. Monzer, As-Salamu Alaykum Wa Rahmatu Allah wabarakatu.Eid Mubarak and May Allah accept from you and us all good deeds.If you can please answer the following question I have received from one of my community in Canada.Jazakum Allahu Khayran ....

Subjects: Islamic jurisprudence; Lying; Scholarships

Fatawa

Car lease on hire purchase : figuring interest element in car rent invoice

Question: Salaam upon your Dr Kahf,I have read some of your Fatwas but I'm not very sure if I have found the answer to my problem. I wanted to offer a car to my father, but a Halal car without taking ....

Subjects: Automobiles; Usury; ٌLeasing

Fatawa

Providence funds and retirement accounts : interest on retirement savings

Question: [Question one] :Assalamu AlaykumI worked in Canada for some time, and my employer deducted 5 % of my salary and matched this deduction, such that when I retire they will give me 2 % for each year I worked, provided ....

Subjects: Islamic jurisprudence; Pensions; Savings; Usury

Fatawa

Begging, boycotting products and bribes : [Israeli products and bribe involved sales]

Question: Assalamu Alaykum,My name is Ahmed and I am from Sri Lanka. We recently started an “IT Solutions”(Deploying Antivirus, Firewall) company and I am having some concerns regarding the business model we practice here with conventional banks, bribe involved sales and ....

Subjects: Begging; Bribery; Economic sanctions; Islamic jurisprudence

Fatawa

Receiving donation from non-Muslim and people who earn from interest to build mosque : receiving a CD in a last will

Question: Baba,Can you answer the questions below from my good friend and neighbor Adam ?Thank you.BaraaQuestion :ASA, Baraa'Fatwa needed.My wife's grandmother-non-Muslim-bought a CD (certificate of deposit) for $ 2000 in her own name (grandmother's name)-that was meant to be gifted for ....

Subjects: Islamic jurisprudence; Usury

Fatawa

Decline of Waqf : decline of new Waqf in Muslim countries

Question: Assaalaamu AlaykumDr. Monzer,I hope you are doing well by the mercy of Allah (swt). I am taking a course at duke titled "Economic History of Islamic Middle East”. I am having hard reconciling the notion that one of the chief ....

Subjects: Islamic jurisprudence; Waqf

Fatawa

Multi-level marketing companies : multi-level marketing company

Question: Assalaamualaikum brother.This is Sameer in Mauritius. I am an educator and I am also a member of AL Barakah-Multi-purpose co-operative society limited (ABMCS) in which you are a consultant. I read a lot concerning your fatwa on your websites and ....

Subjects: Corporations; Islamic jurisprudence; Mauritius

Fatawa

Buying properties on interest loans : buying a condo on interest and renting it for income

Question: Assalaamu 3alaykum,I got your email from a tele-presentation you did at the MAS convention 2 years ago. I have three urgent questions :1. My fiancé has a condo that he has a mortgage on and rents out. He plans on ....

Subjects: Income; Rent; Usury

Fatawa

Takaful : is insurance Haram ?

Question: ASAK Dr. KahfMy name is Sumair, forgive me, but I’m being faced with a big test right now, and would be grateful for your guidance. For most of my life I have been taught that conventional insurance (U.S.) is absolutely ....

Subjects: Insurance; Islamic jurisprudence

Fatawa

If one has given their Zakah in advance for forthcoming years and on the anniversary realises this amount was above his actual Zakah total, can one consider this surplus amount to be a Zakah payment for subsequent years ?

Question: -.

Subjects: Alms tax; Islamic jurisprudence

Fatawa

Is it sufficient for the recipient of the advance payment of Zakah to be an eligible recipient at the time of receiving the Zakah or does one also have to be sure that this individual will be eligible on the actual future Zakah anniversary ?

Question: -.

Subjects: Alms tax; Alms tax bestowments; Payments

Resolutions

Dual branding

Donor award: Mashreq al-Islami (Dubai, United Arab Emirates). Sharia'h Supervisory Board

Subjects: Shariah censorship; Trademarks

Fatawa

Islamic last will and testament : validation of the schedule of Mawarith

Question: Assalamu Alaikum Wa Rahamatullah Wa BarakatuhDear Dr. Monzer,Salam,Do you have any response to the following ISNA critic ?“Has anyone attempted to validate the schedule of Mawarith that is in various versions of ISNA's will document ? I'm not a T ....

Subjects: Inheritance; Islamic jurisprudence; Wills

Statistical Reports

Table 19-9, Investment companies operating in accordance with the provisions of the Islamic Sharia : contra accounts.

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 9 (Sep. 2012), pp.46-47, 2 p.

Subjects: Islamic jurisprudence; Mutual funds; Statistics; Accounting; Kuwait

Statistical Reports

Table 19-6, Investment companies operating in accordance with the provisions of the Islamic Sharia : foreign assets and liabilities.

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 9 (Sep. 2012), pp.41-41, 1 p.

Subjects: Islamic jurisprudence; Statistics; Debts; Inventories; Kuwait

Statistical Reports

Table 19-5, Investment companies operating in accordance with the provisions of the Islamic Sharia : liabilities.

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 9 (Sep. 2012), pp.40-40, 1 p.

Subjects: Islamic jurisprudence; Mutual funds; Statistics; Debts; Kuwait

Statistical Reports

Table 19-4, Investment companies operating in accordance with the provisions of the Islamic Sharia : assets.

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 9 (Sep. 2012), pp.39-39, 1 p.

Subjects: Islamic jurisprudence; Mutual funds; Statistics; Inventories; Kuwait

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