e-Marefa DataBank for Islamic Economics and Finance

Question: A. AI’m the student of Fatima Jinnah women university Rawalpindi Pakistan, doing my masters in Islamic studies with the specialization of Islamic banking. I have a question for the answer of that question I need your help. The question is, ....

Question: I’m the student of Fatima Jinnah women University Rawalpindi Pakistan, doing my masters in Islamic studies with the specialization of Islamic banking. I have a question for the answer of that question I need your help. The question is, Is ....

Subjects: Employees; Labour; Wages

Question: Assalamu Alaykum Dr. Monzer :Alhamdulillah I have found your webpage today and was eagerly going through your fatwa mortgage 2007. PDF file. I truly admire your devotion to Islamic finance and your efforts. May Allah grant you Tawfiq to do ....

Subjects: Purchasing; Real property; Subprime mortgage

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatu Allahi Wa Barakatuh,I am working in UK for the past 6 years. I bought a house in Scotland in 2004 with HSBC mortgage. Unfortunately there are no Islamic / Shari’ah compliant mortgages available for ....

Subjects: Provisions of sharia; Purchasing; Real property

Question: [Question one] :Br. Monzer, As Salaamu 'Alaikum,I had a question if you don't mind :My parents do not pay Zakah on their property even though they are Muslims (I've told them many times that they should, but they don't) plus ....

Subjects: Endowments; Inheritance; Islamic jurisprudence; Usury

Question: AL Salam Alikom I work as computer system administrator. I take care of computers that handle websites on the Internet. Recently I got a job offer from a website that works as a book retailer in the UK. They sell ....

Question: Dear Respected Scholar,I am living in Sri Lanka ; I need to clarify a small doubt with regard to Zakah payment.My Question is,Last month we bought a house (Our intention was to rent it out and sell it after maybe ....

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

Question: Assalamu Alaykum.I would appreciate it very much if you could explain the following in the light of Qur'an and Hadiths :1. We know that interest is harm in Islam but if someone asks when renting a house, car , equipment ....

Subjects: Islamic jurisprudence; Usury

Donor award: Mashreq al-Islami (Dubai, United Arab Emirates)

Subjects: Agency (Law); Contracts; Islamic jurisprudence; Resale on profit

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: Financial intermediation; Islamic Banks; Shariah censorship

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

Subjects: Risk; Shariah censorship

Donor award: Brunie

Subjects: Banks; Brunei; Commercial law; Islam; Law

Question: [Question One] :Dear Mufti,Assalamualaykum,-I want to ask is network marketing is allowed in Islam ?-Is it permissible to take the commission from the people’s works whose is working below you ?-One of my friend showed me your fatwa (12 Jan ....

Question: [Question One] :Respected scholars Assalamu AlaykumI need to discuss about Islamic banking which is a very serious issues nowadays. First of all I would like to know whether working in any bank is Haram. I have checked with nearby Imam ....

Subjects: Banks; Islamic Banks; Labour

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I worked in a shop in London for 6 years, and in that shop they sold bacon and not Halal meat, cigarettes etc. (no alcohol) I feel guilty that I used to earn ....

Question: [Question one] :Dear ScholarAssalamalekum WRB,Hope this email finds you in good health.Last year I had posed a question regarding using the Zakah and Interest money for my brother's treatment and future treatment, which you can find in this mail's history ....

Subjects: Expenditure; Money; Therapeutics; Usury; Wages

Question: Assalamu Alaykum In Morocco, banks whose majority of transactions is based on Riba have recently opened counters that provide customers with services that meet the Shari’ah. Can we obtain credit without Riba from these banks to buy a house ? ....

Subjects: Banking services; Banks; Islamic jurisprudence; Transactions

Question: Assalam Alaykoum professor Monzer,Hoping you and the family are very well. Sorry for disturbing you very often. This is one of the questions that came to us. Here it is : After the death of my father my elder sister ....

Subjects: Heirs; Inheritance; Islamic jurisprudence; Property

Question: AssalamAlaykoum Professor Monzer,Hoping you and the family are very well. Sorry for disturbing you very often. This is one of the questions that came to us. Here it is :As-Salamu Alaykum respected scholar I am a teenager and am unable ....

Subjects: Inheritance; Islamic jurisprudence; Money; Mothers; Wages

Question: Assaalaamu Alaykum Sheikh Dr. Kahf,I am working for a bank, which finance projects (energy projects, ships, ports, etc.) worldwide. Often the financing products are credit based. I am working as credit analyst to reevaluate the credit engagement, and to assist ....

Question: Assalmu Alaykoum Dr. Monzer,It is my pleasure to write an email to a great scholar like you. My name is Mahmoud. I got my PhD from UK and I am working as a lecturer in Al-Azhar University. We would be ....

Subjects: Distribution (Economic theory); Inheritance; Real property

Question: Assalmu Alaykoum Dr. Monzer,It is my pleasure to write an email to a great scholar like you. My name is Mahmoud. I got my PhD from UK and I am working as a lecturer in Al-Azhar University. We would be ....

Subjects: Distribution (Economic theory); Inheritance; Islamic jurisprudence; Real property

Question: Dear Sir,I am dosing my 4th year law from national law school, Raipur. Currently I am pursuing PG diploma in Islamic banking and finance. I have a doubt regarding this topic. Kindly enlighten me on this topic.1. Does Riba enter ....

Subjects: Gold; Islamic jurisprudence; Usury

Question: Dear brothers in Islam. My question is a difficult one for me, because I didn’t know how to answer it. This is the scenery : a goes to B (a bank) and requests a loan with interests. B gives the ....

Subjects: Loans; Usury

Question: [Question One] :Respected Sir,Assalam Alaikum,Hope this finds you in best of your health and spirit. I am a new immigrant to Canada. Recently I did my certification in Life License course and have got an opportunity to work in Sunlife ....

Question: [Question One]Dear Professor KahfSalaam Alaykum Wa Rahmatullah Wa Barakatuh. I hope you and your family are well. We have been approached by millennium finance corporation a subsidiary of Dubai Islamic bank to invest in their Shari'ah Alpha fund. I have ....

Subjects: Mutual funds

Question: Salam Dr. Kahf,I am in the process of buying my first house here in California. I would like to do it Islamically if I can. I have been talking with guidance, but their rates are way higher than other regular ....

Subjects: Purchasing; Real property; Subprime mortgage

Question: Asslaamu Alaykum Wa Rahmatu Allahi Wa Barakatuh.I am a Muslim man, working for a Moroccan based Company, which is contracted with another USA based company ! The US Company, manage email data for Banks, financial institutions and other parties. The ....

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Following is a financial question :Visitor Question :Assalamu Alaykum Dear Brother, I need your fruitful advice on my two questions :- 1) My daughter she is 9 years old we applied for US ....

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I live in UK. I have one part time job (Halal. But the Halal income from this job is not enough to bear the expenses for my family that I'm planning to have ....

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Dear scholar, I am a computer programmer by profession. I work in an online poker company in Europe. I do not play poker, or bet, and I am not directly involved in any ....

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullah Wa Barakatuh,Recently, some companies in the field of mobile technology offered prizes for those who buy their SIM card and voluntarily participate in the competition. It should be known that the participants will not ....

Subjects: Awards; Contests; Money; Payments

By: Abu al-Hasan; Shashi, Abd al-Qadir; Abd al-Latif, Salma Hajj. Journal of King Abdulaziz University : Islamic Economics. Vol. 21, no. 1 (2008), pp.27-46, 20 p.

Subjects: Banking; Banks; Islam; Religious aspects; Marketing

By: Hasan, Zubayr. Journal of King Abdulaziz University : Islamic Economics. Vol. 21, no. 1 (2008), pp.3-25, 23 p.

Subjects: Exchange rates; Foreign exchange; Malaysia; Islamic World; Monetary policy

Question: Bismillah Al Rahman Al Rahim. Alhamdu Lillahi Rabb Al Alamin, Wa Al Salatu Wa Al Salam Ala Sayyidina Muhammad, Wa Ala Aalihi Wa Sahbihi Ajma’in.Dear Dr. Monzer Kahf :Jazaka Allahu Kheir for your reply. Allah (SWT) has blessed you with ....

Subjects: Employees; Islamic Banks; Labour

Question: [Question One] :Assalamu Alaykum Wa Rahmatu Allahi Wa Barakatuh.I have a former coworker named Muzzammil who is seeking Shari’ah aligned financing for his real estate investment. He stumbled upon La Riba and was happy to see that Muslims have at ....

Subjects: Purchasing; Real property

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Dear all, We have got such a situation here, The question is related about what kind of service a company can provide to banks in Azerbaijan, since there is no Islamic bank here. ....

Question: Dear All, We have got such a situation here, the question is related about what kind of service a company can provide to banks in Azerbaijan, since there is no Islamic bank here. First of all, banks in Azerbaijan have ....

Subjects: Employees; Islamic Banks; Labour

Question: As-salamu ‘alykum Dr. Monzer !I pray you are in good health and spirits. My dad sends his warmest Salams !I have a question regarding earning a living as a financial planner. The specific company I am looking at specializes in ....

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatu Allahi Wa Barakatuh,In the name of Allah, most gracious, most merciful. All praise and thanks are due to Allah, and peace and blessings be upon his messenger. Dear brother in Islam Al Salam Alaykum ....

Subjects: Loans; Purchasing; Real property

Question: In the Name of Allah, most gracious, most merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. Dear brother in Islam Al Salam Alaykum I am a Swiss Muslim live in Switzerland. ....

Subjects: Dwellings; Financing; Islamic jurisprudence; Loans; Purchasing

Question: Respected scholar, As-Salamu `AlaykumIt is very difficult for Muslims to live in the Western world, especially when it comes to work .the variety of work that require no prior education (and that most Muslims are forced to apply for at ....

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,The Moroccan treasure is a huge office which manages all the money transactions of the Moroccan state input, output, and state investments ? The bank Moroccan system is based on Riba. The salaries ....

Question: Dear Dr. MonzerAssalamualaykumwrwb.Alhamdulillah, there is a high demand for our new schemes-ticket and vehicle financing and challenges are coming and I need your advice on the following :1. A member / client wants to purchase a car which he can ....

Question: السلام عليكم و رحمة اللهفي بلاد الغربة ليس لنا بعد الله سوى أمثالكم من نثق بعلمهم فجزاك الله عنا كل خيركما أخبرتكم من قبل أنني تاجر في مجال المعدات الكهربائية و آخذ الأموال من أهلي للتجارة و يتم اقتطاع الأرباح ....

Subjects: Agency (Law); Islamic jurisprudence; Resale on profit

Question: [Question one] :Dear Dr. Kahf,As Salam AlaikumThe e-mail below is your response to my email received almost 2 years ago on the subject of Halal business and funding. Although our plans got delayed somewhat we are now at a point ....

Subjects: Discount; Financing; Islamic jurisprudence; Loans; Tawarruq

Question: Assalamu Alaykum Wa Rahmatullah Wa Barakatuh,Dear Brother, I want to know according to Shari’ah in ISLAM is it permissible for us to work in banks. I am really confused about it, because many people stated me that it is not ....

Question: Assalamu Alaykum Dr. Monzer Kahf :I kindly seek your opinion regarding HALAL CAREERS, In sha’Allah :Is it permissible to work for a Bank (I. e. CIBC, RBC, HSBC, ING, etc.) with the intention to go into Islamic banking (I. e. ....

Subjects: Banks; Islamic jurisprudence; Labour

Question: [Question One] :Dear Dr. Kahf,I am a chartered accountant & also have done Chartered Financial Analyst (CFA). I am being offered a job in an investment company. The work I will have to do in the company involves following tasks ....