e-Marefa DataBank for Islamic Economics and Finance

By: Hasan, Shabana M.. Global Islamic Economics Magazine. No. 25 (Jun. 2014), pp.14-17, 4 p.

Subjects: Derivative securities; Financing; Islam; Islamic economics; Management

Donor award: Qatar. Qatar Financial Centre

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

Question: How might we interpret fi Sabeelillah in the modern context ? Could this include campaigning or advocacy activities-for example, raising awareness about Islamic teachings on poverty issues, dispelling misperceptions about Islam, speaking out on international justice issues etc..

Subjects: Alms tax; Islamic jurisprudence

Question: What is the time-period for dispensing Zakat ? Is it necessary for Zakat to be allocated and spent within 1 year of receiving the donation ?.

Subjects: Alms tax; Distribution (Economic theory)

By: Mansur, Walid; Ismail, Rafiq. Journal of King Abdulaziz University : Islamic Economics. Vol. 27, no. 2 (Jun. 2014), pp.119-125, 7 p.

Subjects: Bankruptcy; Financing; Indonesia; Islamic Banks; Management

By: Sadiqi, Muhammad Najat Allah. Journal of King Abdulaziz University : Islamic Economics. Vol. 27, no. 2 (Jun. 2014), pp.66-76, 11 p.

Subjects: Islamic economics; Economics; Financing; Islam; Religious aspects

By: al-Anwar, Khair; Muhammad, Shamshir; Iskandar, Muhammad Shah. Journal of King Abdulaziz University : Islamic Economics. Vol. 27, no. 2 (Jun. 2014), pp.32-62, 31 p.

Subjects: Banks; Financing; Investments; Profits; Islam

Auditors Inc: Rodl Middle East (Kuwait); Ernst and Young al-Aiban, al-Osaimi and Partners (Kuwait)
Source: Annual report 2013.

Subjects: Accountants; Auditing; Islamic jurisprudence; Kuwait; Right to property

Question: An Islamic bank has approved a Mudarabah facility for a customer based on which the Islamic bank will provide funds (i.e. the Mudarabah Capital) to the customer. The Mudarabah capital will be utilized by the customer to undertake its business ....

Question: A company has sought financing from an Islamic bank. As stated by the company, the utilization is required for two purposes : To meet with working capital requirements, such as procurement of new IT system and other infrastructure-related expenditure besides ....

Auditors Inc: Farivaran (Tehran, Iran)
Source: Annual report and financial statements 2014.

Subjects: Auditing; Financial statements; Iran; Islamic jurisprudence; Stock companies

Question: In the UK, it is possible through a UK inheritance tax law, known as the 7 year rule for a mother to transfer ownership of a home to her son. The idea is that when the transfer is made, the ....

Subjects: Endowments; Inheritance; Right to property; Taxes

Question: My Zakat is calculated yearly on 16th Sha’ban. This year for example, it was £ 500. My habit is to split the £ 500 into 11 monthly payments. My aim is to pay the Zakat £ 500 before the next ....

Subjects: Alms tax; Islamic jurisprudence

Question: My zakat is calculated yearly on 16th Sha’ban. This year for example, it was £ 500. My habit is to split the £ 500 into 11 monthly payments. My aim is to pay the Zakat £ 500 before the next ....

Subjects: Alms tax; Payments

Question: In the UK, it is possible through a UK inheritance tax law, known as the 7 year rule for a mother to transfer ownership of a home to her son. The idea is that when the transfer is made, ....

Subjects: Endowments; Islamic jurisprudence; Right to property; Taxes; United Kingdom

Question: I am interested in trading precious metals and commodities on the market and wanted to know if this is Halal. Looking at the market they seem to sell silver based on GBP. Am I allowed to buy and sell these ....

Subjects: Islamic jurisprudence; Precious metals; Sales

Question: Can charities be considered as al-Amileen ? If so, what percentage of Zakat may be used for administration costs, and what activities may be considered “administration”.

Subjects: Alms tax; Charities; Islamic jurisprudence

Question: How should Islamic charities balance the obligation to give Zakat to local people in need (i.e. in the same countries as their donors) versus giving Zakat to people in need internationally ?.

Subjects: Alms tax; Distribution (Economic theory); Islamic jurisprudence; Payments; Poor

Question: If two or more parties have offered the asking price of a property. The standard process is for the estate agent to enter all interested parties into sealed or un-sealed bids in order to achieve the best possible price for ....

Subjects: Automobiles; Financing; Purchasing; Usury

Question: Conventional banks are able to meet the requirement of customers to convert their non-funded facility into a funded facility by entering into the relevant arrangements at the relevant point of time. This may be demonstrated by an example as follows ....

Question: Is it permissible for an Islamic charity to spend Zakat funds on assets owned by poor and needy communities, and which aim to benefit and assist poor and needy individuals ? This may include building or financially supporting schools, hospitals, orphanages or wells..

Subjects: Alms tax; Charities; Islamic jurisprudence; Money; Poor

Question: -.

Subjects: Alms tax; Financing; Investments; Islamic jurisprudence; Microfinance

Question: Is it permissible for Zakat funds to be spent on non-Muslim beneficiaries ? Can they be considered Mu’allafati Quloobuhum in this context ?.

Subjects: Alms tax; Islamic jurisprudence; Reconciled hearts

Question: Is it permissible for an Islamic charity to give Zakat funds to individual beneficiaries in the form of goods (rather than cash( ? This could include livelihood equipment, such as sewing machines, farming equipment, livestock ; medication or medical treatments ....

Subjects: Alms tax; Charities; Commodities; Money; Poor

By: Shirazi, Nasim Shah; al-Zahi, Abd al-Rahman; Khattab, Ishraga. Islamic Economic Studies. Vol. 22, no. 1 (May. 2014), pp.251-255, 5 p.

Subjects: Development; Financing; Islam; Islamic jurisprudence; Sustainable development

By: Chapra, Muhammad Umar; Iqbal, Zamir; Mirakhur, Abbas. Islamic Economic Studies. Vol. 22, no. 1 (May. 2014), pp.245-247, 3 p.

Subjects: Economic development; Islam; Development; Economic sociology; Islamic jurisprudence

By: Khalid, Safi Allah; Khandkir, Abd al-Wahhab. Islamic Economic Studies. Vol. 22, no. 1 (May. 2014), pp.217-232, 16 p.

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

By: Diaw, Abduh; Basha, Obiyathulla Ismath; Lahsasna, Ahcene. Islamic Economic Studies. Vol. 22, no. 1 (May. 2014), pp.185-216, 32 p.

Subjects: Public sector; Derivative securities; Economic conditions; Islam; Islamic jurisprudence

By: Rizvi, Sayyid Aun R.; Arshad, Shaista. Islamic Economic Studies. Vol. 22, no. 1 (May. 2014), pp.159-184, 26 p.

Subjects: Banks; Financial crises; Islam; Islamic jurisprudence; Justice

By: Khan, Atiq al-Zafar; Nurin, Uzma. Islamic Economic Studies. Vol. 22, no. 1 (May. 2014), pp.139-157, 19 p.

Subjects: Comparative analysis; Economic development; Insurance; Interdependence; Islam

By: Qahf, Mundhir; Hammadi, Shirin R.. Islamic Economic Studies. Vol. 22, no. 1 (May. 2014), pp.109-138, 30 p.

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

By: Shirazi, Nasim Shah. Islamic Economic Studies. Vol. 22, no. 1 (May. 2014), pp.79-108, 30 p.

Subjects: Banks; Islamic jurisprudence; Economics; Islam; Poverty mitigation

By: Belouafi, Ahmad Mahdi al-Sharif; Shashi, Abd al-Qadir. Islamic Economic Studies. Vol. 22, no. 1 (May. 2014), pp.37-78, 42 p.

Subjects: Financing; Islam; United Kingdom; Religious aspects

By: Askari, Husayn; Iqbal, Zamir; Mirakhur, Abbas…[et al.]. Islamic Economic Studies. Vol. 22, no. 1 (May. 2014), pp.1-36, 36 p.

Subjects: Economics; Human development; Islamic economics; Islamic jurisprudence; Social development

By: Yaqub, Hakimah. Global Islamic Economics Magazine. No. 24 (May. 2014), pp.45-48, 4 p.

Subjects: Contracts; Islamic jurisprudence

By: al-Hamid, Ayham Mahmud; al-Jazmati, Nur Murhaf; Rajab, Isam. Global Islamic Economics Magazine. No. 24 (May. 2014), pp.43-45, 3 p.

Subjects: Housing; Interdependence; Islam

By: Bin Yusuf, Muhammad. Global Islamic Economics Magazine. No. 24 (May. 2014), pp.39-40, 2 p.

Subjects: Interdependence; Islam; Speculation

By: Askari, Husayn; Iqbal, Zamir; Krichene, Nur al-Din…[et al.]. Etudes en Economie Islamique. Vol. 7, no. 2 (May. 2014), pp.37-77, 41 p.

Subjects: Development; Financing; Human development; Islamic economics

By: Koita, Muhammad. Etudes en Economie Islamique. Vol. 7, no. 2 (May. 2014), pp.19-36, 18 p.

Subjects: Corporations; Financial markets; Investments; Liquidation; Securities

By: Weill, Laurent. Etudes en Economie Islamique. Vol. 7, no. 2 (May. 2014), pp.1-18, 18 p.

Subjects: Islamic Banks

Auditors Inc: Ernst and Young (Kuala Lumpur, Malaysia)
Source: Annual report 2014.

Subjects: Accountants; Auditing; Financial statements; Islamic jurisprudence; Right to property

Question: Please can you explain if it’s permissible to use interest free finance to purchase a car.Some showrooms let you hire-purchase cars where it’s interest free, with no deposit. There is a scheme for certain company employees that allow the following ....

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

Question: An Islamic bank’s customer has recently been awarded facilities in relation to a large developmental project the customer has won in a tender. The facilities include letters of credit (LCs) and letters of guarantee (LGs).In view of the large size ....

Auditors Inc: PricewaterhouseCoopers (Jiddah, Saudi Arabia)
Source: Annual report 2013.

Subjects: Annual reports; Auditors' reports

Question: Can Zakat be given to those who have been in an accident and need an emergency life saving operation ? Can this fall under the category of ‘debtors’ as the individual needs to pay this money for the operation in order to survive ?.

Subjects: Alms tax; Alms tax bestowments; Islamic jurisprudence

Auditors Inc: PricewaterhouseCoopers (Kuala Lumpur, Malaysia)
Source: Annual report 2014.

Subjects: Accountants; Auditing; Financial statements; Islamic jurisprudence; Right to property

Question: Company A has approached an Islamic bank seeking finance to import steel and other building materials from various suppliers. It has been noticed that the company A is holding 25 % of the shares of company B. Company A is ....

Auditors Inc: PricewaterhouseCoopers (Jiddah, Saudi Arabia); KPMG al-Fawzan and al-Sadhan (Jiddah, Saudi Arabia)
Source: Annual report 2013.

Subjects: Annual reports; Auditors' reports

Auditors Inc: PricwaterhouseCoopers (Geneva, Switzerland)
Source: Annual report 2013.

Subjects: Annual reports; Auditors' reports

Auditors Inc: Grant Thornton-al-Qatami, al-Aiban and Partners (Kuwait); Mazars Hind Abd Allah al-Sari and Co. (Kuwait)
Source: Annual report : consolidated financial statements and independent auditors' report 31 December 2013.

Subjects: Annual reports; Auditors' reports