e-Marefa DataBank for Islamic Economics and Finance

Question: Asalamu Alaykum I have two short questions :My father’s income is 100 % Haram, he bought me and my sister each a house, can I accept this house ? Can I rent it out will the rent be Halal for me ? Thanks..

Subjects: Endowments

Question: Salaams. My question is regarding a graduate job that I am offered. I met all the requirements of the job that is BSc and O-levels except for one that is of A-levels in which one should have a specific grade ....

Subjects: Labour

Question: As-Salamu Alaykum. Is it permissible to give my Zakah to any Islamic school or to my Masjid for their expenses such as rent, utilities, renovation etc. ? Jazaka Allah Khair..

Subjects: Alms tax; Islamic jurisprudence

Question: Aslam. I have question about 401 K, is it allowed to invest in it for retirement ? Thank You..

Subjects: Pensions

Question: As-Salaamu 'Alaykum,Dear Dr. Kahf,My non-Muslim father has given me credit cards (both a Discover and VISA card). It has my name on it and he has given me free use of it within reason, such as food, supplies, etc. He ....

Subjects: Banking services; Credit cards

Question: Assalamu Alaikum.A belated Eid Mubarak to you. I hope that InShaAllah you are doing well. I would like to know regarding car financing. I am currently in need of a reliable minivan (with 3 young kids) but don’t have much ....

Subjects: Automobiles; Financing; Islamic jurisprudence; Usury

Question: Dear Dr. Monzer, As-Salamu Alaykum Wa Rahmatu Allah wabarakatuFirst of all, Eid Mubarak and may Allah accept from you and us all good deeds. Below is a financial question that I received from a member in my community. Hisham Canada ....

Subjects: Debt repayment; Debts; Education; Islamic jurisprudence; Students

Question: Asalaam Alaykum Brother,I write to you in regards to an issue that has been cornering me. I am an external auditor for a public accounting firm, as you probably know, by law companies must have their financial statements audited here ....

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Subjects: Alms tax; Islamic jurisprudence; Stocks

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Subjects: Alms tax; Debts; Islamic jurisprudence; Loans

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Subjects: Alms tax; Cost of living; Islamic jurisprudence

Question: Assalamu Alaykum,I would be thankful I you could guide me.In my previous company every month certain amount is deducted as provided fund and the amount is accumulated in the state provident fund office. Now I received my four years of ....

Subjects: Islamic jurisprudence; Savings; Usury

Question: Dear Dr Monzer,Thank you very much for your visit and workshop in Cincinnati early in Ramadan. Those who attended were very appreciative of your contributions and thankful to your insight.I have a quick question for you and would appreciate your ....

Subjects: Islamic jurisprudence; Pensions; Savings; Usury

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Subjects: Alms tax; Alms tax bestowments; Islamic jurisprudence; al-Niyyah (Islam)

Question: Assalamu Alaykum,I have gone through your website and have got seen the replies to the above kind of questions. But Still I would like to know your reply for the below questions. Since I am not able to concentrate in ....

Question: [Question one] :Dear Br. Monzer,I have found an offer called 50 / 50 :-50 % of the car value paid upfront-Remaining 50 % paid after 12 or 24 months-If one stays within the agreed timeframe no interest is charged ....

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

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Subjects: Alms tax; Islamic jurisprudence; Payments; Rent

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Subjects: Accounts current; Islamic jurisprudence; Money

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Subjects: Banks; Financial transactions; Interest; Islamic jurisprudence; Usury

Question: فضيلة الشيخ المكرم الأستاذ الدكتور منذر قحفالسلام عليكم و رحمة الله و بركاتهأسأل الله أن يتقبل منا و منكم الصيام و القيام، و أرجو أن تكون في تمام الصحة و العافية، فضيلة الشيخ وجه إلي سؤال حول مسألة فيما إذا ....

Subjects: Installment sales; Islamic jurisprudence; Loans; Usury

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Subjects: Advertising; Islamic jurisprudence; Products; Purchasing; Vendors and purchasers

Question: Dear Dr Kahf,Asslamu AlaykumIs it lawful to work for hedge funds / investment funds (Non-Islamic) ?Thank youBest regardsRifai.

Question: Salam Alaykum Dr. Kahf, Ramadan Mubarak. I've really enjoyed the last time you visited us here in the Netherlands at Leiden University and hope you will visit us soon again In Sha Allah.I've had a discussion with a brother on ....

Subjects: Commodities; Forward buying; Payments; Prices

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 7 (Jul. 2012), pp.46-47, 2 p.

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

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 7 (Jul. 2012), pp.41-41, 1 p.

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

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 7 (Jul. 2012), pp.40-40, 1 p.

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

Monthly Monetary Statistics. Central Bank of Kuwait.; Economic Research Department Vol. 33, no. 7 (Jul. 2012), pp.39-39, 1 p.

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

Question: As-salaamu `Alaykum. I have been working in a company for 5 years now. During the first 3 years, I was a trainee and as a trainee I had to go through courses conducted by the company and take lots of ....

Question: Salam Ustazna,Is It Haram to Quit Your Job without Having AnotherAs-salam`alaykum. I have recently having some issue at work and due which it was difficult for me to continue. I did isthikara and on basis of its result decided to ....

Question: If someone gives a part of his money or property to his small children to save it for their future, even if the property is still in one of the parents’ custody, does he still have to pay Zakah for ....

Subjects: Alms tax; Islamic jurisprudence; Money

Question: As-salamu `Alaykum. I have lent in total about 300000 INR to my maternal aunts husband. They are having a hand to mouth existence, and managing to survive, but repaying the debt is going to be hard for them. My Zakah ....

Subjects: Alms tax; Gold; Islamic jurisprudence; Money; Silver

Question: Further to your response about taxes in Islam, could you confirm if it is against the Islamic law to charge taxes other than the Zakah and as Saudi Arabia has large oil revenue they abolished taxes in 1975 as under ....

Subjects: Economic systems; Islam; Islamic jurisprudence; Islamic law; Taxes

Question: As-salamu `Alaykum. I work in the IT software industry. My primary role in my current and possibly future jobs is to provide support to banks or banking products. To elaborate further, my job is to ensure proper maintenance of software's ....

Subjects: Banks; Computer software; Income; Islamic jurisprudence

Question: As-Salam `Alaykum. I have recently having some issue at work and due which it was difficult for me to continue. I did isthikara and on basis of its result decided to quit my job. Please, note that I am single ....

Subjects: Islamic jurisprudence; Labour

Question: I am religious. I want to know how I could work. I am an architect and it's difficult to find a job. I have many problems with my father for this thing..

Subjects: Islamic jurisprudence; Labour

Question: As-Salamu `Alaykum. I am a Nigerian with a Master’s Degree holder in estate management. I will want to specialize in Islamic Real Estate Financing (Mortgage) and Taxes in my PHD InSha’ Allah. Which of the schools offers program in these ....

Subjects: Subprime mortgage

Question: As-salamu `Alaykum. I work in the IT software industry. My primary role in my current and possibly future jobs is to provide support to banks or banking products. To elaborate further, my job to is to ensure proper maintenance of ....

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Subjects: Education; Islamic jurisprudence; Loans; Students

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Subjects: Alms tax; Government; Islamic jurisprudence; Taxes

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Subjects: Funds; Islamic jurisprudence; Money; Investments; Orphans

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Subjects: Alms tax; Islamic jurisprudence; al-Niyyah (Islam)

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Subjects: Alms tax; Differences (Islamic law); Islamic jurisprudence

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Subjects: Alms tax; United Kingdom

Question: Assalamu Alaykum Prof Monzer Kahf,There are views amongst us saying that the debt industry itself-regardless Islamic or conventional-is to be stopped. The Muslim community should stop taking loans altogether even for buying houses or cars. Similarly businessmen must stop taking ....

Subjects: Debts

Question: I sell handmade items on the internet. There is an American website that requires that the seller should be the maker of the items being sold. However, I don’t make these items. Am I obliged to adhere to the conditions ....

Subjects: Electronic commerce; Handicrafts

Question: I am in a university in Malaysia. The UNI I am at has a rule that if you buy an air-conditioner illegally (without permission from the school) and the school finds out-we shall have to pay a heavy fine. The ....

Subjects: Goods; Islamic jurisprudence

Question: I would like to know whether it is allowed to teach economics, or banking in which interest and capitalist form is promoted. Secondly, please advise on what career I can pursue with the degree of economics..

Subjects: Usury

Question: Asalam Alaykum, I'm a single woman. Last year I had applied for a government scholarship to study in the UK. This scholarship was generous and would have included air fare, visa costs etc. I made a promise to Allah that ....

Subjects: Islamic jurisprudence; Scholarships

Question: Salam Dr. Kahf. Please, explain why a husband gets 1 / 4 from his wife's will and the wife only gets 1 / 8 from her husband's will ? Jazaka Allah Khair. Azra Khan..

Subjects: Inheritance; Islamic jurisprudence

Question: One follow up question regarding when I donate the compensation generated from questionable trades to Muslim organizations : am I able to acquire a donation receipt to lower the taxes I owe at the end of the year when I make the donation ?Thank you, Khaled.

Subjects: Donations; Islamic jurisprudence; Taxes