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   (2101 - 2150 of 16494)
Fatawa

Studying and working in the other financial firms and the financial sector : working in a company selling term insurance and loans

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

Fatawa

Examples of lack of justifying needs : buying a housing project with interest in the USA

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

Fatawa

Prohibition of Riba and its rationale : does what you buy affect the prohibition of interest ?

Question: Assalamu Alaikum is there any difference in interest (Riba) from the bank and buying a home or car ?.

Subjects: Purchasing; Real property; Usury

Fatawa

Financing house purchase in the west : buying a house in the USA

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

Fatawa

Islamic banks and the new fatwa of al Azhar

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

Fatawa

Is interest a compensation for inflation ? : is it permitted to take interest on deposits because there is devaluation ?

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

Fatawa

Going for Hajj while under interest laons : going for Hajj while under interest-based student loan : [2]

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

Fatawa

Alternatives to interest : inflation, interest and profit loss deposits in Pakistan

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

Fatawa

Objectives of lottery and gambling : gambling and investment

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

Fatawa

Arguing the opponents of insurance : objections to insurance

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

Fatawa

Variable interest and interest under other names, prize bonds and accounts : saving certificates with prizes

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

Fatawa

Interest-based loans to establish business : interest loan to start a business : [2]

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

Fatawa

Working in network marketing with pyramid commissions : network marketing and pyramid commission

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

Fatawa

What to do with earned interest ? : using interest money to pay taxes

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

Fatawa

Working in insurance companies and as actuary : working as actuary

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

Subjects: Insurance companies; Labour

Fatawa

Studying insurance and working in insurance companies : working as actuary

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

Subjects: Insurance companies

Fatawa

Distribution to charity from lotto proceeds : help to charity from a government that runs lotteries

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

Fatawa

Returns on deposits in Islamic banks

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

Subjects: Bank deposits; Islamic Banks

Fatawa

Telling the profit on deposits in advance in Islamic banks

Question: Some Islamic banks in Bangladesh counts the share of profit in advance. How is it possible when the business has not yet been started ? how can i be sure that this does not fall within the purview of interest ....

Subjects: Bank deposits; Islamic Banks

Fatawa

Buying a house with a bank loan while there are Islamic banks

Question: In the name of God Dear sir ; Thank you very much for this opportunity, I need to ask if it is Halal to take a loan from a bank to buy a house for the family, knowing that me ....

Subjects: Bank loans; Islamic Banks; Purchasing; Real property

Fatawa

Indexation and the prohibition of Riba : inflation, indexation and Riba

Question: Assalamou Aleikoum Wa Rahmatullah Wa Barkatouh. Bismillah Arrahman Arrahim. As far as I understand, Riba or usury is forbidden, except in the cases you mentioned several items when talking about the specific Fatwa of the European Council. But what does ....

Subjects: Bank deposits; Financial transactions; Inflation (Finance); Usury

Fatawa

Using credt cards in a way that generate interest is forbidden : delaying payment on credit card’s balances

Question: Besmi Allah, I have a question about the use of credit cards. I am an employee I have a good salary and a bank account so I have a credit card yet I asked the bank to keep my saving ....

Subjects: Credit cards; Islamic economics; Payments; Savings accounts

Fatawa

Studying and working in the other financial firms and the financial sector : selling insurance, mortgage and mutual funds

Question: Recently I've been offered a job with a financial services company selling Mortgages, life-insurance and mutual funds and I'm very interested but before I proceed I wanted to know if I do this as a career is it Haram or Halal.

Subjects: Insurance; Islamic jurisprudence; Mutual funds; Sales; Subprime mortgage

Fatawa

Opening interest-based account : are treasury bills interest-based ?

Question: Here Government of Canada issues Treasury Bill. Sell (Auction) in open market in less than face value for 30 days 60 days etc. On the day of maturity it is given to 100 % (face value) to the purchaser. Suppose ....

Subjects: Government bonds; Islamic jurisprudence; Usury

Fatawa

Prohibition of Riba and its rationale : is there any bank interest that is Halal ?

Question: What kind of Bank interest is considered Haram in Islam. I have heard a lot on this issue, but would like to know some details. My old parents are week and feeble and in Pakistan where businesses are very volatile ....

Subjects: Resale on profit; Usury

Fatawa

Prohibition of Riba and its rationale : what is Riba ? does it relate to inflation ?

Question: Assalamu Alaikum Wa Rahmatullah Wa Barakatuh. Bismillah Arrahman Arrahim. As far as I understand, Riba or usury is forbidden, except in the cases you mentioned several items when talking about the specific Fatwa of the European Council. But what does ....

Subjects: Inflation (Finance); Islamic jurisprudence; Usury

Fatawa

Transactions confused with interest : interest on saving bond given as a gift

Question: Assalamu Alaikum, this question refers to the interest that might be earned from United States savings bonds. These are money bonds that can be purchased for one price, and as the years go by it gains interest. My question is ....

Subjects: Bonds; Endowments; Investments; Islamic jurisprudence; Savings

Fatawa

Participation in funds that include interest : are the additions to provident fund account interest ?

Question: Dear scholar, Assalamu Alaikum ! I am a government servant. Some amount of money is deducted from our salary and is put in provident fund every month, and 15 % interest is also given on this amount. Is this Halal from Islamic point of view, or is it Riba..

Subjects: Islamic jurisprudence; Savings accounts; Usury

Fatawa

House purchase financing in Muslim countries : buying a house in Jordan

Question: In the name of god dear sir ; thank you very much for this opportunity, I need to ask if it is Halal to take a loan from a bank to buy a house for the family, knowing that me ....

Subjects: Financing; Housing; Islamic jurisprudence; Jordan; Purchasing

Fatawa

Financing house purchase in the west : buying a house in Canada : [4]

Question: We bought a house here in Calgary, Canada and being a Muslim and to avoid interest problem we got financing from Islamic CO-OP, out in Toronto. But in the first year we find out that Islamic CO-OP is just using ....

Subjects: Dwellings; Financing; Islamic jurisprudence; Purchasing; Subprime mortgage

Fatawa

Working in network marketing with pyramid commissions : internet sale of goods through a commission-based company

Question: Essalam Alaikum Wa Rahmatullahi Wa Barakatu, may Allah SWT bless you for your efforts, and providing such a wonderful service to our Ummah. My family and I found a business that we would like to take part in. We aren’t ....

Subjects: Electronic commerce; Goods; Islamic jurisprudence; Sales

Fatawa

Prohibition of Riba and its rationale : what is interest ?

Question: Assalamu Alaikum, dear Dr Monzer Kahf… I want to ask you about usury in Islam and how to understand it. I find that this topic is difficult to me to understand its. Is there an easy way for me to ....

Subjects: Islamic jurisprudence; Usury

Fatawa

Financing house purchase in the west : buying a house on mortgage in the USA : [2]

Question: Assalamu Alaikum I just wanted to know weather it's forbidden or legal to buy a house through a loan from the bank, keeping in mind that we cannot afford buying a house in cash, and in case of buying it, ....

Subjects: Housing; Islamic jurisprudence; Sales; Subprime mortgage; United States

Fatawa

Most workers in conventional banks are bad sources of information about Islamic banks

Question: Dear scholars, Assalam-o-Alaikum.I submitted a question regarding interest, my reference number is "pyft3u". Sorry sir i am not satisfied with your answer, you said there are so many banks who are dealing in interest free banking don’t have any knowledge ....

Subjects: Islamic Banks; Usury

Fatawa

What to do with earned interest ? : using interest on savings to offset interest on mortgage

Question: Could one take a mortgage whereby any interest charged could be offset from interest that the bank gives on a savings account i. e. There is only one account for savings and mortgage and the account holder is not concerned ....

Subjects: Islamic jurisprudence; Savings; Savings accounts; Subprime mortgage; Usury

Statistical Reports

Section 1, Insurance statistics.

Finace statistics Kuwait.; Kuwait.; Ministry of Planning.; Ministry of Planning.; Statistics and IT Sector; Statistics and Information Sector Vol. (Jan. 2003), pp.19-19, 1 p.

Subjects: Insurance; Islamic jurisprudence; Kuwait; Statistics; Vehicles

Statistical Reports

Section 1, Insurance statistics.

Finace statistics Kuwait.; Kuwait.; Ministry of Planning.; Ministry of Planning.; Statistics and IT Sector; Statistics and Information Sector Vol. (Jan. 2003), pp.18-18, 1 p.

Subjects: Insurance; Islamic jurisprudence; Kuwait; Statistics; Vehicles

Statistical Reports

Section 1, Insurance statistics.

Finace statistics Kuwait.; Kuwait.; Ministry of Planning.; Ministry of Planning.; Statistics and IT Sector; Statistics and Information Sector Vol. (Jan. 2003), pp.17-17, 1 p.

Subjects: Insurance; Islamic jurisprudence; Kuwait; Statistics; Vehicles

Fatawa

Alternatives to interest : is buying with deferred payment not Riba ?

Question: Assalamu Alaykum Dear Scholar, I want you to clarify for me the concept of Riba in detail, my question arose when I heard that a friend of mine bought a car from a dealer by financing directly with the company, ....

Subjects: Islamic jurisprudence; Payments; Postponed sale; Purchasing; Usury

Fatawa

Prizes given to contestants and students : cups awarded to internet game winners

Question: As-Salaam-Alaikum here in the UK many people play 'Fantasy football' based on the English Soccer Premiership. This is basically where you pick a team PF 11 players and for every goal they score you get a point. At the end ....

Subjects: Awards; Contests; Games; Internet; Islamic jurisprudence

Fatawa

Unlawful money and properties : what to do with unlawful property (Mal Haram)‎ ?

Question: The earning and property of Mr. Muslim is doubtful as his earning / property includes : 1) Salary. 2) Bank accounts. 3) Prizes on prize bonds and such. 4) Rent of property. 5) Bribery cash or material like PC etc. ....

Subjects: Bribery; Islamic jurisprudence

Fatawa

Alternatives to interest home financing : buying a house in the USA from builders

Question: The question is about buying a home in USA from companies that provide both homes and financial services (mortgage). Is it permissible to get a home mortgage from those companies which sells you the house and provide the home buyer ....

Subjects: Dwellings; Financing; Islamic jurisprudence; Purchasing; Subprime mortgage

Fatawa

Non essential interest clause in a contract : interest condition if a contract is broken

Question: Assalamu Alaikum, Dear Scholars, I signed a contract with a government body that funds me for my on-the-job training in another country. The contract says that in return of the fund they spend on me, I am required to work ....

Subjects: Contracts; Islamic jurisprudence; Usury

Fatawa

Interest-based life insurance : [2]

Question: Is life insurance in Egypt is Haram if we pay 100L. E every month for 20 years. If something happened within 20 years we will take them 25,000 if not we will take them 75,000. Is it Haram or Halal ? It is a contract.

Subjects: Usury

Fatawa

Price differentiation and discremination : price difference between cash sale and credit sale and sale of gold

Question: I sell goods to people from my own home and that includes gold, most of the people buy by credit and pay me whenever they get the money. I was told by my local Imam that selling (gold) by credit ....

Subjects: Gold; Islamic jurisprudence; Money; Prices; Sales

Fatawa

Sale of gold, silver and currencies, the conditions of sarf : price difference between cash sale and credit sale and sale of gold

Question: I sell goods to people from my own home and that includes gold, most of the people buy by credit and pay me whenever they get the money. I was told by my local Imam that selling (gold) by credit ....

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

Fatawa

Working in companies that sometimes deal in interest : working in handling cash and issuing commercial papers

Question: I have done my MBA in finance and investment from NY. And have been working in a corporate office of a median group. My work relates to handle cash on daily basis and if we are short of cash then ....

Subjects: Islamic jurisprudence; Usury

Fatawa

We need to be educated about Islamic banks

Question: Dear scholar, Assalam-O-Alaikum i know that interest is prohibited in Islam. every Muslim scholar is saying that taking interest is Haram as well as doing job in a bank is also Haram, but where and what is the alternate system ....

Subjects: Islamic Banks; Usury

Fatawa

Working in firms owned by non-Muslims or with them : working in any company regardless of who owns it

Question: السلام عليكم و رحمة الله و بركاته أنا أعمل حاليا لدى أحد الشركات اليهودية في بريطانيا. فما حكم العمل لدى هذه الشركة إذا أخذنا في الاعتبار كلا من الآتي :- إنني و مقارنة بعملي السابق احصل على أجر أكثر و ....

Subjects: Corporations; Islamic jurisprudence; Jews; Labour

Fatawa

What to do with earned interest ? : use of interest money : [5]

Question: Assalamu Alaikum I live in a country which is not Islamic. To whom can we give our intrest money ; can we give it to poor and needy Muslims or do we only have to give it to non Muslims ....

Subjects: Islamic jurisprudence; Money; Usury; Wages

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