e-Marefa DataBank for Islamic Economics and Finance

Question: [Question One]Salaam,Hope you and your entire household are doing great. Sorry, we could not communicate since after the course in Kaduna.Kindly help me with this clarification pls.There is this micro finance bank that does a bit of Islamic banking whereby ....

Subjects: Banks; Investments

Question: Assalamu’ Alaikum Dr. Monzer KahfPerhaps you have heard of the al-Awfar Scheme that is being advertised by Bank Islam in Malaysia. I would like to know your opinion about this scheme. The Shari’ah Council in Malaysia said that it is ....

Subjects: Awards; Bank deposits

Question: Assalam Alaikum Brother Monzer,I came across your name while searching for advice on finance related matters. I'm hoping that you can share your opinion on this somewhat complicated issue.I have a job offer from a company that develops an order ....

Question: Assalam Alaikum Brother Monzer,I came across your name while searching for advice on finance related matters. I'm hoping that you can share your opinion on this somewhat complicated issue.I have a job offer from a company that develops an order ....

Question: Asslaamu AlaykumI'm seeking a fatwa about my future job.The job is called quantitative analytics ; my main duties are pricing derivatives : futures and optionsThe job can be done in : a bank or in-an independent non-banking firm The clients ....

Question: [Question One] :AssalamualikumI’m Khan, Muslim currently working in travel agency in ksa my question is regarding insurance tax in airlines actually each passenger has to pay tax for insurance, except few airlines.Insurance is Haram in Islam, please give me a ....

Question: [Question one] :Salam u Alakum Br. Monzer,I have heard that obtaining financing from a bank for a bank owned home (foreclosure) is not Haram. The reason for this is because it only involves two parties (buyer and seller) as opposed ....

Subjects: Financing; Housing; Islamic jurisprudence

Question: SalamsI, Saqib would like to ask you some questions concerning network marketing, I have recently joined this business the company name is "Quest Net Int'l" they deal in many products but I would like to clarify about their "Wellness Tool". ....

Question: Salammu Alaykum. I have a modeling agency business where women / models keep men / clients company and escort them to dinner, events, social gatherings, and other venues based on the client’s request. In exchange for the companion service, the ....

Question: [Question One]Dr. Kahf,Hope you are well. I have the opportunity to be part of an online affiliate program that sells others' products on websites through online ads, and makes revenue from that. [commission]I am comfortable with most of the products-sometimes ....

Subjects: Documents; Lying; Marketing; Products; Taboos

Question: Dr. Kahf,Hope you are well.I have the opportunity to be part of an online affiliate program that sells others' products on websites through online ads, and makes revenue from that. [Commission]I am comfortable with most of the products-sometimes electronics, subscriptions ....

Question: Aslamoalaeekum,I live in London and I am writing to humbly request your help on this issue. I hope you will know better on what Islam says on this one. I urgently need some money and I cannot find anyone to ....

Subjects: Credit cards; Islamic jurisprudence

Question: Aslamoalaeekum,I live in London and I am writing to humbly request your help on this issue. I hope you will know better on what Islam says on this one. I urgently need some money and I cannot find anyone to ....

Subjects: Credit cards

Question: Dear Dr. Kahf :I am interested in refinancing my house hopefully with Islamic financing. I have checked some Islamic Financing companies. They have all sorts of contracts which make it look as though it is Islamically Ok. Further research revealed ....

Subjects: Purchasing; Real property

Question: Assalammu Alaikum,I hope you are well and in good health wherever you are. I am Hayati from Malaysia and I attended one of your courses back in April 09 in Kuala Lumpur, Malaysia. We are in the midst of reviewing ....

Subjects: Islamic jurisprudence; Liquidity (Economics)

Question: [Question one] :Dear Mr. Monzer Kahf,Hope you are doing well, and your flight from Bishkek was enjoyable. I also hope that you liked our country. As you remember, we had a conversation about Islamic monetary operations instruments and you suggested ....

Subjects: Derivative securities; Islamic jurisprudence; Liquidity (Economics); Usury; al-Qard al-Hasan

Question: [Question one] :Respected Sir,Assalam Alaikum,Hope this finds u in best of your health and spirit. I m a new immigrant to Canada .Recently I did my certification in life license course and have got an opportunity to work in Sunlife ....

Subjects: Inflation (Finance); Insurance; Islamic jurisprudence; Sales; Usury

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I'm 28 years old from Morocco. I'm working in the "Moroccan post" as "in charge of formation", but I have an offer with a better salary to work in a Moroccan bank as also ""in ....

Question: AssalamuAlikumI’m Zarjoon,My question is regarding insurance tax in airlines ; actually each passenger has to pay tax for insurance, except for few airlines. Insurance is Haram in Islam, please give me a Fatwa for insurance tax is permissible ? Because ....

Subjects: Interdependence; Islamic jurisprudence

By: Abd al-Rahman, Dhurriyah. Journal of King Abdulaziz University : Islamic Economics. Vol. 22, no. 1 (2009), pp.171-188, 18 p.

Subjects: Interdependence; Islamic jurisprudence; Insurance; Islam; Religious aspects

By: Sadiq, Muhammad Abd al-Rahman. Journal of King Abdulaziz University : Islamic Economics. Vol. 22, no. 1 (2009), pp.145-186, 42 p.

Subjects: Banks; Financial statements; Islam; Profits; Stocks

By: Mira, Ahmad Kamil Madyan; Abd al-Razzaq, Dhu al-Jastri. Journal of King Abdulaziz University : Islamic Economics. Vol. 22, no. 1 (2009), pp.121-143, 23 p.

Subjects: Contracts; Financing; Housing

By: Yusuf, al-Zayn Abd Allah. Tafakkur. Vol. 10, no. 1 (Jun. 2009), pp.1-16, 16 p.

Subjects: Basic needs; Economics; Islam; Islamic jurisprudence; Poverty

Quarterly statistical bulletin Central Bank of Kuwait.; Economic Research Department Vol. 35, no. 2 (Jun. 2009), pp.76-77, 2 p.

Subjects: Islamic jurisprudence; Kuwait; Mutual funds; Regular accounts; Statistics

Quarterly statistical bulletin Central Bank of Kuwait.; Economic Research Department Vol. 35, no. 2 (Jun. 2009), pp.71-71, 1 p.

Subjects: Islamic jurisprudence; Kuwait; Debts; International trade; Statistics

Quarterly statistical bulletin Central Bank of Kuwait.; Economic Research Department Vol. 35, no. 2 (Jun. 2009), pp.70-70, 1 p.

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

Quarterly statistical bulletin Central Bank of Kuwait.; Economic Research Department Vol. 35, no. 2 (Jun. 2009), pp.69-69, 1 p.

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

Question: Asslamualaikum I am taking the liberty of writing you directly on a subject that I need some clarity on. I am an Indian Muslim and I run a offshore medical transcription company (offering a service to doctors in the US ....

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

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

Subjects: Insurance; Insurance policies; Islamic jurisprudence; Refinancing

Question: Assalaamu Alaykum WRB Sh. Monzer :InSha'Allah Ta’ala all is well with you and the family.Shaykh, what is your opinion on trading carbon emissions ? Or as they say 'carbon trading.' Effectively companies /countries / individuals can 'sell' their right to ....

Subjects: Greenhouse gases; Islamic jurisprudence

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Following is a financial question about the ruling of investing money for a stable interestFirst Name : SuleimanSalaam Brother.. I am student in UK pursuing my masters in investment and Finance. I reside ....

Subjects: Investments; Money; Usury

Question: Salam.In Canada, there is no Islamic banking so far. There are some Islamic financial organizations, but the problem is that most of them are taking money from non-Islamic financial organizations. So people criticize Islamic way of financing by saying that ....

Subjects: Purchasing; Real property

Question: Dear Dr Monzer Kahf,Assalamu Alaykum Warahmatullahi WabarakatuhuFirst and foremost, May Allah reward you for excellent work you have done and continue to do so on Islamic Finance. I often refer to your Fatawa and it is truly a blessing to ....

Subjects: Purchasing; Real property

Question: Salam u Alaykum Br. Monzer,I have heard that obtaining financing from a bank for a bank owned home (foreclosure) in not Haram. The reason for this is because it only involves two parties (buyer a seller) as opposed to traditional ....

Subjects: Purchasing; Real property; Subprime mortgage

Question: Dear Dr Monzer Kahf,Assalamu Alaykum Warahmatullahi WabarakatuhuFirst and foremost, May Allah reward you for excellent work you have done and continue to do so on Islamic Finance. I often refer to your Fatawa and it is truly a blessing to ....

Subjects: Purchasing; Real property

Question: I am an Indian. I just want to know : is it permissible in Islam to have the health insurance ?.

Subjects: Health insurance; Islamic jurisprudence

Question: Assalamu Alaykum,Dear Dr Kahf,We had a house maid with us for 3 years, when we moved to Middle East we sponsored our maid to come with us. When we were back home we were paying her a fixed amount. In ....

Question: Assalamualaikum,Dear Dr.I have uncertainty about this one,I Work for a plantation company but its shares, majority owned by the gambling business. I might be offered job as an Accountant with this palm oil-plantation company, ABC corp. However, 54 % of ....

Question: Dear BrotherUssalamwallaikumI am currently working for a mutual fund company in India. Mutual funds invest in Banks, Alcohol making companies but it is less than 5 % of the portfolio. The portfolio is changing ; it depends on the fund ....

Question: [Question One] :Dear BrotherWallikum us SalamThank you brother for your reply. You have given me freedom from my tensionI am working as a relationship manager who is supposed to handle brokers who get the applications for the mutual fund. My ....

Question: Salamu 'Alaikum,What do the scholars say about transferring credit from one credit card to another ? As you know, people do this when they are offered a lower rate. Also, some credit-card companies charge a fee for doing this. Is ....

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

Question: Salamu 'Alaikum,What do the scholars say about transferring credit from one credit card to another. As you know, people do this when they are offered a lower rate. Also, some credit-card companies charge a fee for doing this. Is it ....

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

Question: Dear Dr. Monzer,Assalamu Alaykum wa Rahmatullah Wa Barakatuh,Due to the financial crisis in the US, my company lost great business and I cannot pay back the creditors as they owe me huge sum of money that I cannot bear. In ....

Subjects: Debt repayment; Debts; Islamic jurisprudence; United States

Question: Dear Dr Kahf,Salaam Alaykum Wa Rahmatullah Wa Barakatuh.For the inventory financing, is it an equity investment or more of a debt.In other words, could it be used for the following scenario :Company X has a purchase order from a manufacturer ....

Subjects: Islamic jurisprudence; Purchasing; Sales; Stock

Question: Assalamu `Alaykum Wa Rahmatullah Wa BarakatuhDear Dr. MonzerQuestion 1 :Respected scholars, as-salamu `Alaykum. A few years ago, I entered a lucky draw where it was required to place the label of a soft drink that was purchased in an envelope ....

Subjects: Financing; Gambling; Housing; Lotteries; Sales

Question: As-Salam Alaykum Wa Rahmatullah Wa BarakatuhRespected SheikhWe hope you and your family are fine with the blessing from Allah SWT. Dear Sheikh, now a day we are in process of exporting some goods to Africa and there African port Authority ....

Subjects: Tariffs

Question: As Salam O Alaykum Brother Monzer,I am in dire need of your help regarding my first home purchase and the mortgage process ? based on my research (please see the references below) and what I have heard from people, I ....

Subjects: Islamic jurisprudence; Subprime mortgage

Question: Dear Dr Kahf,Salaam Alaykum Wa Rahmatullah Wa Barakatuh.Thank you for your response. I have two questions:1) Can you please clarify the inventory financing option in more details. I understand it but what contracts have to be entered into and what ....

Question: Dear Dr. Kahf,Assaalaamu Alaykum Wa Rahmatullah Wa Barakatuh.I hope you and your family are well.I have a question regarding a financial advisory assignment we are working on.We are assisting a manufacturing company to deleverage (they currently have a 90 : ....

Subjects: Money; Purchasing; Sales; Stocks