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Donor award: Mashreq al-Islami (Dubai, United Arab Emirates)

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

Subjects: Contracts; Leasing leading to proprietorship

Donor award: Mashreq al-Islami (Dubai, United Arab Emirates)

Subjects: Leasing leading to proprietorship; ٌLeasing

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

Subjects: Contracts; Financing; Islamic jurisprudence; Mortgages; Purchasing

Donor award: Kuwait

Subjects: Banks; Commercial law; Financial statements; Islam; Law

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

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

Subjects: Purchasing; Real property; Usury

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

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

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

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

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

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

Question: I hope you remember me. We met during ISNA conference. I was also the coordinator of one of the programs during the conference. Well, after all I am your sister in Islam and I have a question which is a ....

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

Question: As-Salamu Alaykum ! Would you please give us an answer to the following question in regard to mortgage.Is buying a home from a company (USA) that "provides both home services (houses), financial services (mortgage) allowed in Islam ?The question is ....

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

By: al-Jarhi, Mabid Ali Muhammad Mahmud. Theoretical foundations of Islamic economics. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2002; , 14 p.

Subjects: Banks; Commerce; Financial transactions; Islam; Islamic economics

Question: Is it possible for me and my wife to borrow money from bank with interest to buy a house or a flat for living, not for investment (because of the high level of rents) ?.

Subjects: France; Housing; Islamic jurisprudence; Purchasing

Question: Dear brothers and sisters, Assalamu Alaikum Wa Rahmatullah, As you are aware many Muslims, using bank money and paying mortgages with interest, are buying houses, businesses and even mosques. Please let me know if there is a toast Fatwa in this regard..

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

Question: Assalamu Alaikum. I am a 34 year old with a 10 year old child. At present I'm living in the home that I purchased with my exhusband. At the time of purchase I did not have the full knowledge of ....

Subjects: Dwellings; Financing; Islamic jurisprudence; Purchasing

Question: Assalamu Alaikum, I'm 22 years old and I'm married. We are living in Belgium and it is very difficult to keep your religion but we try to make the best. I and my husband like to buy our own house. ....

Subjects: Belgium; Dwellings; Islamic jurisprudence; Purchasing

Question: Dear respected brother(s) in Islam. Asslam Aliykum Wa Rahmatu Allahi Wa Barakatu.I have a credit card (Citibank) that I used to use to purchase goods. This credit card gives 5 % in purchase new vehicle based on the amount of ....

Subjects: Awards; Credit cards; Purchasing; Rewards

Question: living in UK I bought a house ( took mortgage from a building society) now I am going to buy another bigger house and sell old house and take a mortgage and close old mortgage as you know banks and ....

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

Question: I live with my husband in us we live in rent apartment we are planning to bay a house we have 20 % cash money for the price of this house. Now we pay about 800 $ monthly as rent ....

Subjects: Housing; Islamic jurisprudence; Purchasing; Subprime mortgage

Question: I had made a loan with interest for luxury product (a nice car) and I want to know if there is any possibility to be forgiven. Salam Alaikum.

Subjects: Purchasing; Usury

Question: My office provides car loan for member of staff payable in five years. The loan is to enable the staff purchase a car. The problem with this loan is that anybody that takes the loan will pay the principal and ....

Subjects: Purchasing; Usury

Question: My parents are divorced since I was 4 years old and I have been living with my mother in my grand-fathers house with my aunts and cousins. Today, after about 25 years, my mother can no longer bear this life ....

Subjects: Usury

Question: Following to my question about mortgage that I sent 2 days ago which is still awaiting for reply ; I would like to add the following : if it is ok for me to buy a house by mortgage, is ....

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

Question: Assalamu Alaikum ! Is it permissible to take loan from banks / financial institutions / housing development board / for purchasing land and constructing a house wherein interest is involved ? Thank You..

Subjects: Financial institutions; Housing; Islamic jurisprudence; Loans; Purchasing

Question: Assalamu Alaikum I'm new in Canada, living in Mississauga which is full of mosques, Islamic schools and big Muslim community. I have some money so I can buy house without bank mortgage but it will be too far from this ....

Subjects: Housing; Islamic jurisprudence; Purchasing; Subprime mortgage

Question: Assalamu Alaikum, We know that giving and acceptation of interest is prohibited in Islam. But if there is any exception for it, that is, we will get vehicles for loan having interest. We want to pay an excess amount which ....

Subjects: Purchasing; Usury

Question: Assalamu Alaikum WW, I have a question about mortgage. A friend of my mine owned a restaurant business and he is paying $ 1300 rent. Now the owner of the property wants to sell the property and my friend is ....

Subjects: Islamic jurisprudence; Purchasing; Real property; Subprime mortgage

Question: Assalamu Alaikum. My family has a mortgage on our house as we have no other means of purchasing it in the UK. We pay interest to the bank on this loan. I had an idea to put my money in ....

Subjects: Housing; Islamic jurisprudence; Purchasing; United Kingdom

Question: Salaam Alaikum, is buying a car by the method of installment (monthly payment with interest) Haram or not.

Subjects: Purchasing; Usury

Question: I work in a company for 15 years and I always have the option of getting a loan from the bank that the company deals with but I know it is Haram and, therefore, have never taken a loan, Alhamdo ....

Subjects: Purchasing; Usury

Question: My wife is going to do her internship for year in a hospital that is 1 hour away from home daily. We do not have any cash to buy a used car. I am looking for a reliable car. The ....

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

Question: Dear brother, Assalamu Alaikum. We live in usa and bought a place for mosque foe one million Dollar with 400000.00 in advance and 600000.00 in installments. We also make agreement each month we will pay him 7 % interest on ....

Subjects: Deals; Islamic jurisprudence; Mosques; Purchasing; Usury

Question: I am a Muslim Alhamdu Li Allah, living in Australia. I have asked a few Muslim sheiks here in my area in regards to borrowing money from the bank for my first house. There seems to be great debate as ....

Subjects: Australia; Housing; Islamic jurisprudence; Purchasing

Question: To Youssef Qardawi only please, we live in a small town in France. We have been living in a 3 bedroom house (3 children and 2 adults) which we pay (rent) 1200 francs a month. Recently we bought a land ....

Subjects: France; Housing; Islamic jurisprudence; Purchasing

Question: Assalamu Alaikum Wa Rahmatullah Wa Barakatuh. I have moved to the United States recently to continue my study here. I need to get a car to be able to fulfill my daily life. I don't have enough money to pay ....

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

Question: Assalamu Alaikum, I read about the Fatwa of buying home through mortgage and the key of that Fatwa is two things Islamic solution unavailable and necessity for home buying.My question is what are the criteria of necessity ? Who can set the situation of necessity ?Jazakum Allah Khair.

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

Question: Assalamu Alaykum. What is the Islamic ruling on buying and selling of shares ?NotesRequest an urgent reply may Allah Subhana Wa Ta Ala reward you the best. Wassalamu Alaykum..

Subjects: Islamic jurisprudence; Purchasing; Stocks

Question: Assalamu Alaikum, I'm asking you for a help, will it be Halal for us to borrow money from a normal bank, even thou we have found an Islamic cooperative, which we feel is not the one what will help us ....

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

Question: Assalamu Alaikum. I am presently resident in the UK. I am planning to buy a flat for residence In Sha Allah. I found out that there is bank of Kuwait offering Murabahah or Ijarah system as alternatives to interest based ....

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

Question: I am a married person living with my wife and 1 child. I have been in USA for five years, living in apartments and paying rents. Now I am thinking to buy a house for me and my family. I ....

Subjects: Housing; Islamic jurisprudence; Purchasing; United States

Question: المعاملات باستخدام كارد الفيزا في الشراء و هل هو نوع من الربا لأنني أريد أن أطهر معاملاتي من الربا بعد أن هداني الله و أريد أن أوضح لسيادته أن المعاملات تتم على النحو 1-الشراء من المحلات التجارية 2-سحب مبالغ مالية ....

Subjects: Credit cards; Financial transactions; Installment sales; Islamic Banks; Purchasing

Question: Assalamu Alaikum. Please advise me on the following. I have purchased a home with my savings and did not engage in mortgage. However, I accrued interest in my savings account and I did not separate the interest from the money ....

Subjects: Housing; Islamic jurisprudence; Prices; Purchasing; Wages

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 you ....

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

Question: As Salaamu Alaikum. When you buy a product from another country, this obviously involves a different currency. Credit cards allow you to buy in another currency and charge you a "foreign exchange transaction fee" in addition to the corresponding monetary ....

Subjects: Administrative fees; Commissions; Credit cards; Exchange rates

Question: Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh !!! I am a recent revert to Islam. Recently, I have begun working as a mortgage broker, (finding loans for home buyers) I don't work directly for the lenders however I get paid based ....

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

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