e-Marefa DataBank for Islamic Economics and Finance

Question: Dear Mr. Kahf,I have a short question regarding the student loan linked to inflation which you have already commented upon on more than one occasion. You mentioned that a small number of scholars deem it permissible ; I would be ....

Subjects: Education; Inflation (Finance); Islamic jurisprudence; Loans; Students

Question: Asalaamu alaikum Dr. Monzer !I hope this reaches you in good health and strong Iman. I was wondering if it is permissible to work with insurance companies such as Travelers, Allstate, Chubb, etc.. My other question is if it is ....

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

Subjects: Contracts; Islamic jurisprudence; Resale on profit; Sales; ٌLeasing

Question: Dear Br. Dr. Monzer, Assalamu Alaikum. I hope you are well. Please see below two important questions on lease purchase and Shari’ah compliant student loans. I will appreciate your views on the query.Best regards, Habib Lease purchase : my husband ....

Subjects: Education; Islamic jurisprudence; Loans; Purchasing; Students

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

Subjects: Financial institutions; Financing; Insurance; Islam; Islamic jurisprudence

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

Subjects: Debts; Financing; Investments; Islam; Islamic jurisprudence

Question: Asalam Alykum Dr. Monzer,Thanks for the information posted on the website. I would like to ask a question regarding the reward points (or cash back) when using credit cards (e.g. Visa). I read the fatwas and I still have something ....

Subjects: Credit cards; Islamic jurisprudence

Question: Dr. Kahf,May Allah bless you abundantly.I am helping facilitate an oil deal, bringing together buyers and financiers. In my latest arrangement, the buyer and financier have opted to deal in the basis of interest financing. I am being offered an ....

Question: ASA Br. Dr. Monzer,On a different topic from what we last talked about, my existing small private investment fund is a long-short equity fund with a sustainability theme, and I’d like to try to make it Shari’ah compliant. The screening ....

Subjects: Financial markets; Investments; Islamic jurisprudence; Speculation; Stocks

Question: Assalaam O Alaikum.Q 1. Sir I am an audit trainee. My audit firm has many audit clients including many financial sector clients which clearly indicate that major part of our firm’s income is received from these clients including top most ....

Question: Dear Prof. Dr. Monzer Kahf,Assalamu Alaykum Sheikh,A fellow Muslim colleague in my work place needs to buy a used car which is worth Sri Lankan Rupees 700,000 / = (US $ 700) through leasing. He has inquired regarding this from ....

Subjects: Automobiles; Costs; Leasing leading to proprietorship; Prices; ٌLeasing

Question: Assalamu AlaykumDear dr. Monzer,Islamic banks are exposed to more risk than conventional banks because they own while in the process of financing, on the other hand, they carry with them partner on the right side of the balance sheet (investment ....

Subjects: Capital; Ratio analysis

Question: Assalaamu Alaikum,I am writing regarding the last will and testament that you recently sent to the Muslim community of Knoxville (may Allah reward you for that). One brother who is helping with the document modifications had the following questions :1) ....

Subjects: Documents; Islamic jurisprudence; Will

Question: Assalamu AlaykumDear Dr. Monzer,May Allah keep you in safety and in a good health ! The following is a question which we need your answer to it. Ahmad from Alexandria asks :Peace be upon you. I'm an Egyptian guy, I ....

Subjects: Games

By: Bin Bayir, Habib. Revue Economie et Management. No. 9 (Oct. 2009), pp.210-225, 16 p.

Subjects: Banks; Financing; Islam; Management; Small enterprises

Question: Assalamu o AlaykumDear SirI want to take advice in matter of the home loan which I borrowed from the Meezan Bank Multan Pakistan. The bank is charging me the interest in the name of rent at very high rate. To ....

Subjects: Financing; Housing; Islamic Banks; Islamic jurisprudence

Question: [Question one] :Dear Dr Kahf :I have a question and I appreciate your help with an answerI have currently a retirement account (SEP type) and because of the market status I have it all in a money market account.I want ....

Subjects: Kindness; Payments; Usury

Question: Dr. Monzer,Assalamu Alaykum. I pray that, by the Grace of God, all is well with you and family. I hope you remember me : I am from Dallas area and have moderated the Islamic Financing and Zakah workshop in 2007 ....

Subjects: Ruling in Islam

Question: Aslam Wa Alaykum Dr.I want to buy a house in California and I found a good loan, but I am not sure if I should go with it or I should find an Islamic loan. According to Sheikh Al Qaradawi, ....

Subjects: Purchasing; Real property

Quarterly statistical bulletin Central Bank of Kuwait.; Economic Research Department Vol. 35, no. 3 (Sep. 2009), pp.66-66, 1 p.

Subjects: Islamic jurisprudence; Banks; Debts; Financing; International trade

Quarterly statistical bulletin Central Bank of Kuwait.; Economic Research Department Vol. 35, no. 3 (Sep. 2009), pp.65-65, 1 p.

Subjects: Islamic jurisprudence; Banks; Debts; Financing; Imports

Quarterly statistical bulletin Central Bank of Kuwait.; Economic Research Department Vol. 35, no. 3 (Sep. 2009), pp.64-64, 1 p.

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

Question: Dear Dr. Monzer,As-salamu Alaykum Wa Rahmatullah.I hope this message finds you in the best of health and Iman. Eid Mubarak, may Allah accept your good deeds and grant you a long and happy life in the Dunya and great reward ....

Question: AA Dr. Monzer,I wanted to ask you about 0 % Apr credit card loans while they take 3 % processing fee for the loan. Is that allowed given that I plan to invest the money for a short period of ....

Subjects: Administrative fees; Commissions; Loans

Question: AssalamuAlaikum brotherThank you very much for your valuable time. I really appreciate all the effort you have put into your website. It has been a valuable source of information for me.Please could you guide me for the following points ?1-In ....

Subjects: Money; Usury

Question: Walikum assalam,Jazakum Allahu Khairan,I asked for me personally as several people brought the issue up recently and they are practicing it. They take the money and invest it and before the due deadline they will pay it back in full ....

Subjects: Administrative fees; Commissions; Credit cards; Islamic jurisprudence; Loans

Question: [Question One] :Walaykum As salaam Dr. Kahf,Jazak Allahu Khayran for your comments. I have a few follow up questions.1. I guess I am confusing speculation vs investment. Because in my mind when I am investing with the sincere intention to ....

Question: AA Dr. Monzer,I wanted to ask you about 0 % Apr credit card loans while they take 3 % processing fee for the loan. Is that allowed given that I plan to invest the money for a short period of ....

Subjects: Administrative fees; Commissions; Credit cards; Islamic jurisprudence; Loans

Question: Dear Dr. MonzerI am sure you get a lot of emails on car leasing issue. My name is Irfan and I am working in Oman, my question is again on the car leasing.Here in Oman we unfortunately do not have ....

Subjects: Automobiles; Usury; ٌLeasing

Question: [Question One]Asalam-O-Alaykum Dr. Monzer Kahf,Ramadan Kareem to you and your family !My name is Yasser and I live in California, USA. I have a business in mind to start but I am in doubt if it is Halal or not ....

Subjects: Installment sales; Islamic jurisprudence; Resale on profit

Question: As salamu `Alaykum Wa RahmatullahDear Dr. Monzer,Please help us answering this question.Jazaka Allah KhayranBest regardsI am a travel agent and what I do for living is holiday booking. I have three questions :1. Is it forbidden to book holidays for ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Is Zakah due for a girl who has inherited sufficient amount of jewelry from mother but has no means to pay the Zakah given that my whole family is under massive debt. I am single ....

Question: -.

Subjects: Alms tax; Islamic jurisprudence

Question: [Question One] :Salam Dr. Monzer.Just for you to know there is a Fatwa under your name that Network marketing is Halal,I suggest you add more description why you believe in the case described its Halal and why in other cases ....

Question: [Question One]Salam Mr. Monzer.I want to ask about network marketing Fatwa.I read a Fatwa that says it’s Halal, can you please let me know your feedback on this.. What I see that people don’t end up purchasing a Product, even ....

Subjects: Corporations; Internet marketing

Question: SalamsDr. Monzer, pls. help replying the following question :We are an offshore software development company and have been working with foreign clients who develop and host software applications for insurance companies. The software we develop covers all aspects of insurance ....

Question: SalamsDr. MonzerAssalam-O-Alaikum,We are an offshore software development company and have been working with foreign clients who develop and host software applications for insurance companies. The software we develop covers all aspects of insurance business (personal and commercial lines) and generates ....

Subjects: Insurance companies; Islamic jurisprudence

Question: Assalamu Alaykum.I saw your answer to question on this regard at http://www.quranforall.org/fatawaa/zonrentalproperty.htm I think there is one additional factor to consider here, if you consider it appropriate. The analogy of investment asset should also consider if the asset is liquid ....

Subjects: Alms tax; Islamic jurisprudence; Provisions of sharia; Real property

Question: [Question One] :WAA Dr. KahfJak for the answer. Can you clarify just a little ? Our aim was to provide a professional service while also encouraging the community to support each other.The purpose of the directory is to1. Help Muslims ....

Question: WAA Dr. KahfJazaka Allah Khair and Ramadan Kareem.Would real estate agents be allowed on a Muslim business directory ? I understand mortgage brokers or people that give out interest based loans would not be, but we are a bit confused ....

Subjects: Business; Right to property

Question: AA Dr. Kahf,Jazaka Allah Khair for your answer regarding the affiliate program. We are setting up the Muslim online business directory at http://salampages.com/. The vision is to have Muslims support businesses either owned by Muslims or providing services specifically for ....

Subjects: Business; Islamic jurisprudence

Question: WAA Dr. KahfJak for the answer. Can you clarify just a little ? Our aim was to provide a professional service while also encouraging the community to support each other. The purpose of the directory is to1. Help Muslims know ....

Subjects: Business; Islamic jurisprudence

Question: Assalamu Alaikum,I'm Hijaz, I have a doubt regarding Alcohol. Is Alcohol donate Haram. Alcohol donate which is used in deodorant these days. One of my friend told me that which is not Haram. But I want to know will our prayers be acceptable after spraying this deodorant.Yours truly,Hijaz.

Subjects: Alcoholic beverages; Products; Taboos

Question: SalaamsDr. Monzer, pls. help replying the following question :Assalaamu 'Alaykum, I am wondering about the status of street performing (i. e. 'busking'). My parents claim it is a form of begging, and I've heard that begging is a form of ....

Subjects: Begging; Economic sanctions; Islamic jurisprudence; Products

Question: SalaamsDr. Monzer, pls. help replying the following question :Assalamu Alaikum. Thank you for taking the time to answer my question. I would like to know if banking was known at the time of the Prophet (PBUH). What kind of commercial activities were carried out at that time ? ShukranWael.

Subjects: Banks; Early Islamic period; Islamic jurisprudence

Question: SalamsDr. Monzer, pls. help replying the following question : AssalamuAlaikom, I am a Muslim woman married to a Dutch man for 8 years and has a daughter of 5 years. My husband was a Christian but converted before our marriage. ....

Subjects: Bank accounts; Islamic jurisprudence; Usury

Question: As-Salam Alaykum Wa Rahmatullah Wa BarakatuhRespected SheikhIn Sha Allah this email reaches you in the best of health and Emaan.And then we, brothers at Que One Group would like to greet you for the holy month of Ramadan. May the ....

Subjects: Contracts; Corporations; Investments; Islamic jurisprudence; Mutual funds

Question: Dear Prof. Dr. Monzer Kahf,Assalamu Alaikum Sheikh,One of my friends here in Sri Lanka wants to apply for the Student Visa to the UK. He has to pay GBP £ 2000 / = to a college in the UK in ....

Subjects: Islamic jurisprudence; Loans; Usury

Question: Dear Dr. Monzer Kahf,Assalamu Alaykum wa Rahmatullah. I live in. Like any other Scandinavian Cities, housing is an extremely difficult thing in Stockholm. Since I have finished my studies a few years ago, I have been facing severe difficulties related ....

Subjects: Purchasing; Real property

Question: Dear Prof Monzer KahfAssalamu o AlaykumI want to know that how the car leasing (Ijarah) offering in Pakistan Mezaan Bank is Halal. I shall ask u this question in detail later, but first as you know, the banking system (invented ....

Subjects: Automobiles; ٌLeasing