e-Marefa DataBank for Islamic Economics and Finance

Question: AL Salaam Alaykum Dr. KahfAlhamdulillah that Allah (swt) blessed you with such vital knowledge and guided you to help Muslims everywhere.Dr. Kahf, I'd like to ask you two questions if I may.1. My father passed away 5 months ago, may ....

Subjects: Inheritance; Islamic jurisprudence; Usury

Question: Dear Shaikh,I have a case which I feel doubtful about :I have a friend living in Canada, and he bought a lottery ticket 649 and won USD 22,620,000. He spent about 1,620,000 on poor and needy Muslims, thus the Shaikh ....

Subjects: Airlines; Lotteries; Tickets

Question: Many people in Canada earn social benefits with all their family or some of their family included. Then one of them goes and works part time not every day, some every day, then the money of social benefits becomes unlawful ....

Subjects: Islamic jurisprudence; Social security

Question: As-Salamu Alaykum.I have borrowed some money from my daughter. Please, explain, when calculating my Zakah, who will pay Zakah on that borrowed money, me or my daughter ? Jazaka Allah Khair..

Subjects: Alms tax; Islamic jurisprudence

Question: Assalamalikum.My dad passed away a year and a half ago, leaving behind an English will sating all his kids, wife and sisters get an equal share. Recently we found out the property is still in my late grandfather’s name !! ....

Subjects: Inheritance; Islamic jurisprudence; Real property

Question: Assalamo Alaicoum !Is it ok to buy stolen stuff if I know that it was stolen ? And what if I'm not sure, but I suppose that it may be stolen ? Thank you..

Subjects: Islamic jurisprudence; Purchasing; Theft

Question: Assalamu Alaicoum !This is a question for live Fatwa on financial issues.What is the ruling on marriage if a bride is well-off and a groom is poor ? He can pay a small Mahr, but can't provide for his wife-she ....

Subjects: Expenditure; Islamic jurisprudence; Marriage; Standard of living

Question: My case scenario is mention below ; I would like to have an answer to it.I would like to find out that how much Zakah is applicable in the below mentioned scenario.Your reply will be appreciated.My father acquired a loan ....

Subjects: Alms tax

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

Subjects: Annual reports; Auditors' reports

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

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 34, no. 1 (Jan. 2013), pp.46-47, 2 p.

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

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

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

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

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

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

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

By: Muhyi al-Din, Rashid. Cahiers de Politique et de Droit. No. 8 (Jan. 2013), pp.23-35, 13 p.

Subjects: Economic development; Human rights; Islam; Islamic economics; Islamic jurisprudence

By: al-Badani, Yusuf Adam. Global Islamic Economics Magazine. No. 8 (Jan. 2013), pp.1-1, 1 p.

Subjects: Financial institutions; Islamic epistemology; Transactions; Usury; Wealth

Auditors Inc: Ernst and Young (Manama, Bahrain)
Source: Annual report 2012.

Subjects: Annual reports; Auditors' reports

Question: -.

Subjects: Islamic jurisprudence; Money

Donor award: Maybank (Kuala Lumpur, Malaysia)

Subjects: Auditing; Debts; Islamic jurisprudence; Management; Stockholders

Question: Assalamu Alaykum! Dear brother, I have been working for the last 32 years. Although Islam says to pay Zakah on your savings / excess on expenditure, but I have been paying 2.5 % or more on my total earnings every ....

Subjects: Alms tax; Income; Islamic jurisprudence; Money

Question: What is the ruling on renting out an apartment that you are renting to someone who will use it for something different than what you’re doing like them selling something in it and you living in it and in general as well ?.

Subjects: ٌLeasing

Question: Salam Ustazna,Hope you are well. Here are the questions of this week's session, sorry for delaying them :My father died in 2004, leaving my mother, my 3 sisters and me behind. I'm the only son. My father was an employee ....

Subjects: Distribution (Economic theory); Inheritance

Question: Assalamu alaikum brother,I am Br. Parvez form Mauritius. Please advise me on an investment proposal from one friend. The situation is like this :My friend (A) markets the product (garments) of a factory (B). He has a fixed price from ....

Question: Asalam Alaykum,I am sorry to bother you with this painstaking write-up. Is it lawful for a Muslim brother to work under this organization having the functions, mandates and powers as below ?Please note that1. 99.9 % of the banks in ....

Question: -.

Subjects: Alms tax; Debt repayment; Debtor and creditor; Islamic jurisprudence

Question: -.

Subjects: Alms tax; Alms tax bestowments; Islamic jurisprudence

Question: -.

Subjects: Alms tax; Debtor and creditor; Debts; Payments

Auditors Inc: KPMG Safi al-Mutawa and Partners (Kuwait); Ernst and Young al-Aiban, al-Osaimi and Partners (Kuwait)
Source: Annual report 2012.

Subjects: Auditing; Financial statements; Islamic jurisprudence; Professional ethics; Stockholders

Auditors Inc: Baker Tilly Wahid Abdel Ghaffar and Co. (Cairo, Egypt); Ernst and Young (Cairo, Egypt)
Source: Annual report 2012.

Subjects: Annual reports; Auditors' reports

Auditors Inc: Ernst and Young (Dawhah, Qatar)
Source: Annual report 2012.

Subjects: Annual reports; Auditors' reports

Question: As-Salaam Alaikum dear respected brother ;My name is Sheeraz and I am a representative of Primerica life insurance. I have read some of your articles on “term-life insurance.” When it comes to life insurance our company “only” offers one kind ....

Subjects: Insurance; Islamic jurisprudence; Life insurance

Question: Published allIs buffalo meat prohibited in Islam ? If no, please explain. Thanks..

Subjects: Buffaloes; Islamic jurisprudence; Meat

Question: A-Salamu `Alaykum. I am a new revert ; I reverted to Islam a year ago. Recently I came to know that taking interest is Haram. I have an educational loan and I have to pay interest for it after I ....

Subjects: Education; Loans; Usury

Question: What is Takaful and what is its ruling in Islam ? I need a detailed answer according to Fiqh Hanafi, though rulings of other jurists may also be quoted. Jazaka Allah Khair..

Subjects: Cooperative insurance; Islam

Question: Salaam. I hope this question finds you in the best of health. When I was younger, I did some things I was not proud of. I took substantial funds from a company to which I was not entitled to. I ....

Subjects: Profits; Taboos; Wages

Question: From : AitchThere is a government saving center which gives us a monthly return on the money that they take from us. It is a government saving center and it gives a fixed return each month. Is it Halal ?.

Subjects: Bank deposits

Question: From : AminaAs-Salamu `Alaykum. Is it allowed for Muslims to eat non Halal meat if they can't find it where they live ? Thank you..

Subjects: Food; Meat; Taboos; Tazkiyah

Question: From : FatimaI have a question, please. If a child is born out of wedlock and the father accepts the child as his, can that child inherit him ?.

Subjects: Children; Confession (Law); Fathers; Inheritance; Marriage

Question: From : MuhammadAsalam-O-Alaykum Sir,Problem : how to deal with the amount of interest earned on defense saving certificates previously deposited by parentsBackground :My name is Muhammad Ahmed (27 years). I have two sisters (35 and 37 years, both married). My ....

Subjects: Usury; Wages

Question: From : KhanDear Dr. Monzer Kahf, As-Salamu `Alaykum. Reference to the subject, I want to know if life insurance policy is acceptable or prohibited in Shari`ah law.Kindly answer my question according to the Qur’an and Hadith. Thank you very much.

Question: From : AmanzaiDear and respected dr. Monzer Kahf, I have two daughters, 3 and 9 and a son 5 years. I would like to give each of my children some money out of the money I own, so it could ....

Subjects: Children; Endowments

Question: From : MunssifAs-Salamu `Alaykum. Sheik, I am writing from Sri Lanka. We have a land in a village area. Still there is no proper road to that land. We want to sell some of the portion from our land. We ....

Subjects: Investments; Loans

Question: Assalamu Alaykum,I have a job with a well-paying salary. I need medical treatment on a condition I have but it will be costly, enough to dent my salary or leave nothing left from each month. I am insured with my ....

Subjects: Employers; Health insurance

Auditors Inc: Ernst and Young al-Aiban, al-Osaimi and Partners (Kuwait); Rodl Middle East (Kuwait)
Source: Annual report 2011.

Subjects: Annual reports; Auditors' reports

Question: -.

Subjects: Islamic jurisprudence; Life insurance

Donor award: Bank of London and the Middle East (London, United Kingdom)

Subjects: Islamic jurisprudence; Auditing; Financial statements; Stockholders; United Kingdom

Donor award: al-Hilal Bank (Abu Zaby, United Arab Emirates)

Subjects: Auditing; Debts; Financial transactions; Islamic jurisprudence; Management

Donor award: al-Baraka Bank Egypt (Jizah, Egypt)

Subjects: Corporate governance

Donor award: Saman Bank (Tehran, Iran)

Subjects: Auditing; Capital; Debts; Islamic jurisprudence; Management

Donor award: International Investment Bank (Manama, Bahrain)

Subjects: Islamic jurisprudence; Bahrain; Corporations; Executive Management; Foundations of Islamic jurisprudence