e-Marefa DataBank for Islamic Economics and Finance

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Subjects: Automobiles; Hedge (Finance); Insurance; Islamic jurisprudence; Vehicles

By: Badri, Muhammad Bahruddin. Global Islamic Economics Magazine. No. 17 (Oct. 2013), pp.26-26, 1 p.

Subjects: Capital; Hedge (Finance); Islam; Profits; Usury

By: Kasri, Nur Suhaydah. Global Islamic Economics Magazine. No. 17 (Oct. 2013), pp.24-25, 2 p.

Subjects: Banks; Commodities; Financing; Islam; Law

By: Ibn Yusuf, Muhammad. Global Islamic Economics Magazine. No. 17 (Oct. 2013), pp.21-23, 3 p.

Subjects: Contracts; Derivative securities; Financial transactions; Islam; ٌLeasing

Donor award: Islamic Financial Services Board (Kuala Lumpur, Malaysia)

Subjects: Islamic Financial Services Board; Malaysia

Question: An Islamic bank has approved for its customer the financing facility for a commercial property on an Islamic financial lease (Ijarah Muntahiya Bittamlik) basis for a period of seven years. Since the customer expects an increase in the property value ....

Question: Under what conditions can a customer of an Islamic bank be authorized to participate in the periodical auctions for heavy vehicles and equipment for which the customer will also require financing ?.

Question: The trade finance department of an Islamic bank is facing an unusual situation in an already executed Murabahah transaction with one of its customers.The background of the transaction is that the customer approached the Islamic bank requesting for a Murabahah ....

Question: Is it permissible to work in the tax department of the HMRC which is likely to have some involvement in interest based transactions ?I enquired from HMRC whether or not throughout the role there is any interest related transactions such ....

Subjects: Financial transactions; Islamic jurisprudence; Taxes

Question: An account holder has approached an Islamic bank seeking finance to settle the debt he has incurred as a result of purchasing a plot of land. He had entered into a purchase agreement with the erstwhile owner of the property ....

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Subjects: Islamic jurisprudence; Labour; Lotteries

Question: A customer has approached an Islamic bank, seeking to transfer his interest-based loan from a conventional bank to an Islamic bank with the desire to shun Riba (interest). The customer had borrowed the amount from conventional bank to acquire a ....

By: Farrukh, Habib; Ahmad, Abu Umar Faruq. Global Islamic Economics Magazine. No. 16 (Sep. 2013), pp.58-59, 2 p.

Subjects: Deeds

By: Abu Zayd, Abd al-Azim Jalal. Global Islamic Economics Magazine. No. 16 (Sep. 2013), pp.55-57, 3 p.

Subjects: Banks; Economic analysis; Financial crises; Financing; Islam

Question: If I own land in a foreign country on which a house is currently being built which will be rented out, is there any Zakat to be paid currently ?.

Subjects: Alms tax; Islamic jurisprudence; Land

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Subjects: Brokerage; Brokers; Islamic jurisprudence

Question: A customer has approached an Islamic bank, seeking finance in order to fulfill the working capital requirements of his business entity. The bank has requested for Shariah guidance on how to provide the customer with working capital finance..

Auditors Inc: PricewaterhouseCoopers (Kuala Lumpur, Malaysia)
Source: Annual report 2013.

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

Question: I gave my Zakat to grandmother abroad to distribute but was told it must be given to an established organisation. Is this correct ?.

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

Question: An Islamic bank has issued a letter of credit which had a usance period of 90 days. The bank also agreed with the customer to finance the import under the letter of credit through Murabahah for a further 90 days ....

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Subjects: Alms tax; Alms tax bestowments; Charities; Poor

Question: The father of a student has approached an Islamic bank seeking finance for his son’s education fees in order to complete a Master’s degree in his chosen subject.The student has been selected by the university based on good grades and ....

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Subjects: Alms tax; Islamic jurisprudence

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Subjects: Inheritance; Islamic jurisprudence; Wills

Question: An Islamic bank as a buyer has signed an Istisnah agreement with a customer as a seller, whereby the customer has to arrange for the construction and delivery of a building to the bank.Both parties have also signed a forward ....

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Subjects: Age of majority; Contracts; Islamic jurisprudence

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Subjects: Age of majority; Contracts; Guardianships; Islamic jurisprudence

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 34, no. 8 (Aug. 2013), pp.46-47, 2 p.

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

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 34, no. 8 (Aug. 2013), pp.41-41, 1 p.

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

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 34, no. 8 (Aug. 2013), pp.40-40, 1 p.

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

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 34, no. 8 (Aug. 2013), pp.39-39, 1 p.

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

By: Abd Allah, Apnizan; Abd al-Rahman, Abd Allah. Global Islamic Economics Magazine. No. 15 (Aug. 2013), pp.4-5, 2 p.

Subjects: Islamic Banks; Malaysia

By: Abu Zayd, Abd al-Azim Jalal. Global Islamic Economics Magazine. No. 15 (Aug. 2013), pp.6-9, 4 p.

Subjects: Financial crises; Islamic Banks; Products; Taboos; al-Halal and al-Haram

Question: A reputable rent-a-car company engaged in leasing vehicles to corporate clients has approached an Islamic bank seeking financing for the purpose of procuring new vehicles from the local market and overseas. Although financing is sought for four years, the customer ....

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Subjects: Basic needs; Charity; Children; Islamic jurisprudence; Money

Question: Can I pay Zakat on my mother’s behalf even though I have a student loan to repay ? Will it be considered a Sadaqah ?.

Subjects: Alms tax; Debt repayment; Loans; Mothers; Students

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Subjects: Age of majority; Charity; Money

Question: Can I pay Zakat on my mother’s behalf even though I have a student loan to repay ? Will it be considered a Sadaqah ?.

Subjects: Alms tax; Charity; Debt repayment

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Subjects: Credit cards; Financing

Question: An Islamic bank has signed an Istisnah agreement with its customer for sale of a property (to be developed) whereby the bank is the seller and the customer is the purchaser.As per the agreement, the bank will deliver the property ....

Question: A customer has approached an Islamic bank seeking finance to purchase a property which is mortgaged to a conventional bank against conventional loan payable by the owner of the property.Shariah guidance is sought on how the Islamic bank can finance the purchase of the mortgaged property for its customer..

Question: From my Zakat amount, may I deduct rent for upcoming months that is due now or that is imminently due ?1. Ones Zakat anniversary is today. He is due to pay his rent for the upcoming 3 months(Sept-Nov) in around ....

Subjects: Alms tax; Islamic jurisprudence; Rent

Question: A developer has initiated a project of freehold property construction, which is supposed to be sold to end buyers after completion.The developer seeks finance from an Islamic bank to meet the costs of completion of the remaining phases of the ....

Source: Annual report 2013.

Subjects: Accounting; Auditing; Banks; Finance; Iran

Question: Is Zakat paid on a local initiative where money is collected to be distributed to needy local individuals ?Two brothers run a small initiative, whereby people give monthly donations (usually £ 10) which goes into a separate account for that ....

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

Donor award: Maldives. Capital Market Development Authority

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

Question: How is Zakat paid on a ‘committee’ scheme between several individuals ? I am currently calculating my Zakat for this year and wanted to know how we deal with a ‘committee’ which is a type of loan which is interest ....

Subjects: Alms tax; Islamic jurisprudence; Loans

Question: How is Zakat paid on a ‘committee’ scheme between several individuals ?I am currently calculating my Zakat for this year and wanted to know how we deal with a ‘committee’ which is a type of loan which is interest free, ....

Subjects: Alms tax; Islamic jurisprudence; Payments; Persons

Question: An Islamic bank has been approached by a customer seeking import finance through letter of credit.Generally, Islamic banks purchase goods from a supplier and sell the goods to the customer by way of Murabahah. Shipping documents including a commercial invoice ....

Question: Is the responsibility of Zakat a strictly individual responsibility or can it be joint say in the case of husbands and wives ? Most spouses would have joint finances and liabilities or would treat theirs as such..

Subjects: Alms tax; Husbands; Islamic jurisprudence