e-Marefa DataBank for Islamic Economics and Finance

Question: Salam Alaykum !I've got a question according to the subject : bank-credit (with Riba)I've heard that under certain conditions it is allowed (Halal) to take a bank-credit for example to buy a house and I wanted to ask, if it’s ....

Subjects: Business; Islamic jurisprudence; Loans

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I work as an engineer in a company that produce biodiesel in USA. 1) Currently I'm working on a project of producing biodiesel by blending it together animal fats and diesel oil. The ....

Question: Dear Dr. Monzer,Assalamu Alaykum wa Rahmatullah wa Barakatuh,Following is a financial question :Should a person who rents a residential place be concerned about the possibility of an existing mortgage on the property (which translates into Riba) ? Is the renter ....

Subjects: Islamic jurisprudence; Subprime mortgage; Usury; ٌLeasing

Question: Assalaamu Alaikum Sh. Monzer,What is your opinion around Islamic finance firms using interest rates as benchmarks for Murabahah-cost plus contracts ?Jazak Allah Khayr.FiAmanAllahRauf.

Subjects: Interest rates; Resale on profit

Question: Assalaamu Alaykum Sh. Monzer,What is your opinion about Ijarah Funds or 'Ijarah contracts'-particularly in light of modern Islamic Banking institutions ?Jazaka Allah Khayr.Fi Aman AllahMohammad.

Subjects: Contracts; Leasing leading to proprietorship

Question: Dear Dr Monzer Kahf,Assalamu Alaykum Wa Rahmatullah Wa Barakatuh.I am writing this email to you seeking your advice on above mentioned subject, specially its legitimacy (Shari'ah compliance) in the eyes of Islam.Basically, I am contemplating to start a Pool Hall ....

Question: Dear Dr. MonzerAs-Salamu Alaykum, please help us in answering this question ; the questioner is from Albania :"Salamu Alaykum, I am currently building a house for my family, and in couple of months I need to buy furniture for the ....

Subjects: Bank loans; Furniture; Purchasing

Question: Assalamu Alaykum,A brother asked me about Ameen housing co-operative, located in Santa Clara, Ca. Is it Halal ? And is it feasible ?Sincerely Yours,Ammar Kahf.

Subjects: Purchasing; Real property

Question: Assalaam Alaykum,I just wanted to ask you if a witness also needs to sign on a loan agreement of the borrower.Rabia.

Subjects: Islamic jurisprudence; Loans; Usury

Question: Brother Monzer Kahf,I found your name and read about you on islamonline.net. I understand that you have an upcoming session but I cannot ask my question due to the fact that I will be in work at the time of ....

Subjects: Islamic Banks; Islamic jurisprudence; Payments

Question: Dear Br. MonzerAssalamu Alaykum Wa Rahmatu Allahi Wa BarakatuhJazakallah.My question is regarding Islamic banking and finance. Islamic banking and finance has been picking up momentum since the last few years in the Middle East and some western countries also. It ....

Subjects: Banking services; Financing; Islam; Islamic jurisprudence; Sales

Question: Assalamu Alaikum,In Canada, the interest paid on loan for investment is considered tax deductible. I understand that "Riba" is forbidden. However in this case it seems that the individual taking loan for investment or business would pay interest on the ....

Subjects: Bank loans; Banks; Interest; Islamic jurisprudence; Taxes

Question: Assalamo Alaykum Wa Rahmatu Allah Wa BarakatuhDear Dr. Kahf,I have a company and I asked someone to be a partner based on 50 % for capital and 50 % for work. After a year we had some issues that we ....

Subjects: Fines (Penalties); Installment sales

Question: Dear Dr Kahf,Assalamu Alaykum,I work for a software company , as part of my benefit package my company has got an insurance policy for medical and a life insurance cover. Can I enjoy the benefit from these insurance policies ? ....

Subjects: Insurance policies; Islamic jurisprudence; Life insurance

Question: Dear Dr. KahfI hope my name has not dimmed from your memory. I had the pleasure of attending a course from you during last summer in Dubai. I would like to acknowledge the fact that this course has greatly enhanced ....

Subjects: Investments; Islamic jurisprudence

Question: Dear Prof Kahf,Salaam AlaykumWe hope your family is fine.We kindly need your opinion on some issues :Our state governments have accounts that generate interest every month. They want to invest the interest proceeds with our capital in form of temporary ....

Subjects: Investments; Islamic jurisprudence; Money; Usury

Question: Assalamu Alaykum Brother Monzer,I hope this e-mail finds you well and in the best of states.Brother Monzer I have a short story that I would love if you could give me your advice. A friend of mine from San Francisco ....

Subjects: Islamic jurisprudence; Loans

Question: بخصوص الاقتراض من المصارف الربوية في كنداالأخ فضيلة الدكتورالسلام عليكم و رحمة الله و بركاتهبداية جزاكم الله خيرا على عملكم الدؤب للرفع من مكانة المسلمين و الدفع بهم الى استعادة أمجاد أمتنا الإسلامية و سدد الله خطاكمأنا مواطن ليبي انتقلت ....

Subjects: Bank loans; Banks; Canada; Islamic jurisprudence; Usury

Question: Salaam Alaykum Professor Kahf,I saw the question below and wanted your opinion. What kind of contract is this ? The query is, Mr. Z needs say Rs 500,000 as short term finance (say 6 months), for buying certain assets for ....

Subjects: Islamic jurisprudence; Prices

Question: Dear brother Monzer,I was wondering if could share the MS word copy of last will (attached is the PDF version). I hereby acknowledge that it would be used for my personal will, and my wife's personal will only.Also, could you ....

Subjects: Children; Islamic jurisprudence; Wills

Question: Can I sell property to a buyer with a conventional mortgage ? We are in the business of buying and selling properties in the U.K. and wish to ensure that our business is ethical, Halal and permissible.We list below the ....

Subjects: Islamic jurisprudence; Real property; Sales; Subprime mortgage; Vendors and purchasers

Question: As Salamu Alaikum Wa Rahmatulahi Wa Barakatuh,Dear Dr Kahf,My name is Ibrahim and I live in the Netherlands. I am a student of international business and management studies. I have many questions to ask you, mostly about Islamic business in ....

Subjects: Banking services; Islamic Banks; Islamic jurisprudence

Question: SalaamsDr. Monzer, pls. help replying this brother :Five years back I (lender) loaned my brother in law (debtor) a large sum of money. Recently, while learning about debts, and the serious consequences of having debt, I decided to request from ....

Subjects: Debt repayment; Debts; Islamic jurisprudence

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

Subjects: Islamic jurisprudence; Financial institutions; Foundations of Islamic jurisprudence; Insurance; Islam

Question: Assalamu Alaykum Wa Rahmatu Allahi Wa Barakatuh,My father is purchasing a home and we are thinking to either record the home in either his name or in a trust but would like to choose something better and easier in regards ....

Subjects: Confidence; Inheritance

By: Chabra, M. Umer. Islamic Economic Studies. Vol. 16, no. 1-2 (Jan. 2009), pp.1-21, 21 p.

Subjects: Economics; Islam; Islamic economics; Islamic ethics; Wealth

By: Ayyub, Muhammad Sadiq. Islamic Economic Studies. Vol. 16, no. 1-2 (Jan. 2009), pp.23-52, 30 p.

Subjects: Cost of living; Education; Islam; Islamic jurisprudence; Schools

By: Tahir, Sayyid Muhammad. Islamic Economic Studies. Vol. 16, no. 1-2 (Jan. 2009), pp.53-76, 24 p.

Subjects: Banks; Financing; Islam; Education; Jordan

By: Hasan, Zubayr. Islamic Economic Studies. Vol. 16, no. 1-2 (Jan. 2009), pp.77-102, 26 p.

Subjects: Education; Islam; Comparative economics; Higher education; Islamic economics

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullah Wa Barakatuh,As-Salaam Alaykum, I have been reading Hajj is obligatory to one who is "able to" perform it, or "physically and financially capable of performing Hajj" ! I'm more interested in the financial "capability" ....

Subjects: Care; Fasting; Pilgrimage; Umra; Worship

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,As Salaam Wa AlaikumI have a question. I applied to study competitive medical course, the application procedure involves writing a personal statement and an entrance exam. I passed the entrance exam however, when ....

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullah Wa Barakatuh,Asslam-U-Alaykum, I want to start my own business and I have found a person who is willing to finance me in exchange of share in the business. I know the source of income ....

Subjects: Income; Partnerships; al-Halal and al-Haram

Question: AA baba--In Sha Allah all is well with you and Mama and Noma. I have been shopping for car to replace the civic and am not in a hurry Alhamdu Lillahi because I want to wait for the right financing.I ....

Subjects: Contracts; Islamic jurisprudence; Loans; Usury

Question: Please can you advise on the Shariah permissibility of guarantees and extended warrantiesBy guarantees I mean when the manufacturer gives a guarantee for a product without any monetary compensation and extended warranty where essentially a guarantee for the product is purchased..

Subjects: Financial guarantees; Hedge (Finance); Islamic jurisprudence

Question: Assalam Alaykum,For the loan agreement since a notary republic would cost money and seems cumbersome is having two witnesses as sufficient with address and phone numbers. Also I wanted to humbly ask you if you would be willing to provide ....

Subjects: Islamic jurisprudence; Loans; Usury

Question: Dear,We are organizing an event in favor of Gaza. To encourage the people to give, we would like to organize a raffle for which :-All money will be given to charity-All tickets are winning : but the gift value can ....

Subjects: Awards; Contests; Donations

Question: [Question one] :Dear Sir,I am sorry Sir, I believe I have to gives all the relevant facts as a nature of my work. I have tried to summarize the facts and questions from the original version (which is much longer) ....

Subjects: Contracts

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

Subjects: Financial institutions; Financial statements; Islam; Islamic jurisprudence; Profits

Question: Assalamualaikum,I had some concerns about the preparation of the last will. I read some part of the last will (on your website) which states the following about its preparation : disadvantages : a) loss of privacy ; b) challenge by ....

Question: Assalamualaikum profI’m student from Malaysia...I would like to ask your opinion about the Islamic banking services nowadays,Also I want to ask your opinion about the related between inflation and Riba' Can you explain to me about it, and I very ....

Subjects: Banking services; Islamic Banks

Question: is interest a cause of inflation ? Assalamualaikum prof I'm student from Malaysia. I would like to ask your opinion about the Islamic banking services and practices nowadays. I also wanted to ask your opinion regarding the relation between inflation ....

Subjects: Inflation (Finance); Islamic jurisprudence; Usury

Question: Assalaamu Alaikum Sh. Monzer,InShaAllah all is well with you and the family !I have been trying to find an answer to this, but been a little challenging … What’s the controversy in Murabahah transactions ? Some scholars/practitioners comment that it’s ....

Subjects: Resale on profit

Question: AssalamuAlaikum ProfI'm student from Malaysia, I would like to ask your opinion about the Islamic banking services and practices nowadays. I also wanted to ask your opinion regarding the relation between inflation and Riba'. May you tell me more about ....

Subjects: Inflation (Finance); Usury

By: Homaifar, Ghassem; al-Fakhani, Said; Ahmedov, Hikmat…[et al.]. Economic Research Forum : Working Paper Series. No. 453 (2008), pp.1-12, 12 p.

Subjects: Investments; Financial performance; Islam; Mutual funds

By: Platteau, Jean-Philippe. Economic Research Forum : Working Paper Series. No. 453 (2008), pp.1-40, 40 p.

Subjects: Islam; Culture; Economic reform; Economics; Political reform

Question: -.

Subjects: Agency (Law); Bank deposits; Financing; Islamic Banks; Islamic jurisprudence

Question: -.

Subjects: Diminishing partnership; Financing; Housing; Islamic jurisprudence; ٌLeasing

By: Ali, Abd al-Rahman al-Zahi Said. Tafakkur. Vol. 8, no. 2 (Dec. 2008), pp.1-22, 22 p.

Subjects: Banks; Sudan; Islam; Islamic jurisprudence; Justice

Publisher: Damascus, Syria : Central Bank of Syria. Economic Research and General Statistics Department
Start Date: 2008

Donor award: Bank Indonesia

Subjects: Islamic jurisprudence; Banks; Contracts; Law; ٌLeasing