e-Marefa DataBank for Islamic Economics and Finance

Question: Asalmualikum,I had a question regarding the purchase of commercial property. I am looking to purchase a shopping center that has multiple stores. One of the locations is a liquor store. Is it permissible for me to purchase the shopping center ....

Question: السلام عليكم و رحمة الله و بركاته،حسام-طالب ماجستير مصارف إسلامية :أرجو منكم الإجابة على الأسئلة التالية في عقد التوريد و جزاكم الله عنا كل خير :1- هل يجوز في عقد التوريد أن يكون تاريخ توريد السلع مؤجلا بعد عام مثلا ....

Subjects: Contracts; Financial transactions; Futures; Islamic jurisprudence; Sales

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,From sister Edith.My husband died and left me in debts. He was a very bad provider. Is the wife acc. to Shari’ah obliged to repay the debts of her husband, especially her husband's debts to ....

Subjects: Inheritance

Question: Dear Dr. Monzer Kahf,I had a question from a friend, and I'm trying to help him finding an answer ; we use to have an Imam at the main mosque of the city (Ottawa, Canada) who is knowledgeable in both ....

Subjects: Financing; Islamic jurisprudence; Taxicabs

Question: Dear Dr. Monzer Kahf,I had a question from a friend, and I'm trying to help him finding an answer ; we use to have an Imam at the main Mosque of the city (Ottawa, Canada) who is knowledgeable in both ....

Question: Salaam... Is buying lands and houses, by bank loans which include interest, considered halal in all cases ? (like someone well off but wishing to expand his fortune for later generations).. And if not, would inheriting be Haram as well ? Barak Allah Feekom.Jazakum Allahu Khairan for your constant help..

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

Question: Assalamu AlaykumI came across your website while doing research on how a Waqf concept can be applied in the US. I was found your site to be very informative and useful. Here in Minnesota, our donors want to protect our ....

Subjects: Confidence; Islamic jurisprudence; Waqf

Question: بسم الله الرحمن الرحيمالأستاذ الدكتور منذر قحفالسلام عليكمإننا نعلم أن أكثر الناس في البلاد الإسلامية لا يعتقدون المذهب الحنفي و على هذا لا يعتقدون صحة عقد الاستصناع بل يقولون يجب أن توفر شروط السلم مع ذلك يستخدمون في بنوكهم عقد ....

Subjects: Contracting out; Contracts; Hanafi jurisprudence; Resale on profit

Question: Dear brother Assalamu Alaykum Wa Rahmatu Allahi wa BarakatuhI am attaching here with an email which came to me regarding this incident. One Imam here did socialization with young girls and women during Itikaf when he himself was in Itikaf ....

Subjects: Fasting; Fathers; Islamic jurisprudence; Pilgrimage; Worship

Question: Dear Monzer I’m Mohammed from Saudi Arabia I want to ask you about network marketing especially about quest net company are they Halal or Haram ? because some of Imam here said this is Riba. I want to know if it’s Riba or not. Regards.

Question: Assalamu Alaykum Wa Rahmatu Allahi Wa Barakatuh,I am not able to buy a home by the money which I have. Can I take loan from bank to make home. Thanks and Jazaka Allahu Khairan.Jazakum Allahu Khairan for your constant helpYours, Sami.

Subjects: Financing; Housing; Islam; Purchasing

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Bismillah Al-Rahman Al-Raheem. I work for a company called Halliburton. This company is in the oil and gas business. However couple of years ago they merged, or in other terms, Halliburton bought a ....

Question: Assalamu Alaykum wa Rahmatullahi wa Barakatuh, Besm Allah Al-Rahman Al-Raheem. I work for a company called Halliburton. This company is in the oil and gas business. However couple of years ago they merged, or in other terms,Hallinurton bought a company ....

By: Yusuf, Salamah Abd Allah; Amin, Ruzita Muhammad. Journal of King Abdulaziz University : Islamic Economics. Vol. 20, no. 2 (2007), pp.3-16, 14 p.

Subjects: Economics; Farmers; Islam; Islamic economics; Islamic jurisprudence

By: Bashir, Abd al-Hamid M.. Economic Research Forum : Working Paper Series. No. 723 (Dec. 2007), pp.1-20, 20 p.

Subjects: Banks; Islam; Islamic jurisprudence; Middle East; North Africa

By: Hassan, M. Kabir; Soumare, Issouf. Economic Research Forum : Working Paper Series. No. 723 (Dec. 2007), pp.1-36, 36 p.

Subjects: Financing; Islam; Islamic jurisprudence; Religious aspects; Speculation

By: Ubayd Allah, Muhammad. King Abdulaziz University, Islamic Economics Institute,; 31-December -2007; pp.1-85, 85 p.

Subjects: Corporations; Financing; Islam; Islamic economics; Textbooks

Question: -.

Subjects: Automobiles; Financing; Islamic jurisprudence; Purchasing; ٌLeasing

Question: -.

Subjects: Financing; Islamic Banks; Islamic jurisprudence; Savings accounts; Speculation

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

Subjects: Finance; Investments; Islam; Risk management; Stockholders

Statistical yearbook. Sudan.; Ministry of the Cabinet.; Central Bureau of Statistics Vol. (2007), pp.474-474, 1 p.

Subjects: Statistics; Sudan; Alms tax

Statistical yearbook. Sudan.; Ministry of the Cabinet.; Central Bureau of Statistics Vol. (2007), pp.471-471, 1 p.

Subjects: Islam; Islamic jurisprudence; Statistics; Sudan; Taxes

Donor award: United Arab Emirates

Subjects: Islam; Banks; Commercial law; Financial institutions; Law

Question: [Question One]Assalm AlaykumDear Dr. Monzer,I have an urgent question and I would appreciate your answer. I want to establish new company and my partner is Christian, I have told him that all financial transactions have to be Sharia compliant and ....

Subjects: Islamic jurisprudence; Partnerships; Speculation

Question: ASAK.It is my understanding that separate accounts established under a variable insurance policy having non-interest bearing funds such as all stock mutual funds are permissible under the Shari’ah principle. Obviously, companies (originally) issuing the stocks need to be qualified, such ....

Question: Assalamu alaikum. W. W,Can a Muslim work in Liquor Company in the field of sales and marketing ? Where the work is of key account manager in which I have to meet the hotels and clubs (Modern Trade) for business. ....

Question: As salaam Alaikum ! I heard you speak at our community center few years ago.I would like to know about specific insurances for life and disability that you mentioned are compliant with Shari’ah. Please advice. I copied my financial adviser ....

Question: Aslam Aleikum Uncle Abu Yaman,First, I wish you and your beloved a Mubarak and prosperous Eid. May Allah Almightyaccept our good deeds.A brother who used to live in Edmonton, AB told me that you were there some time ago and ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,As-Salaam-U-Alikum, If gold is mixed and also contains impurities (artificial pearls etc.), then should Zakah be paid on the amount that accounts for gold or Zakat will be paid on gold as well as impurities ....

Question: Salams I am currently working for ABN AMRO Bank as a Manager in eBusiness department.My primary task are to manage ATM network (I don't do their settlements and reconciliation). Is my job Halal or Haram ?.

Question: [Question One] :Assalamu Alaikum Sheikh !Since you told that the purpose of this debit tax is ambiguous, I asked about it from many professionals in the banking field.As per their statements, the purposes of this tax are as follows :* ....

Question: Salams I would like to know if one can use his / her Zakat money to build a water well, where there is a possibility that some non-Muslims will also be using the water well. Shukran.

Question: [Question One] :Assalamu Alaikum Sheikh !Since you told that the purpose of this debit tax is ambiguous, I asked about it from many professionals in the banking field.As per their statements, the purposes of this tax are as follows :* ....

Question: Assalamu Alaikum. We kindly request you to provide us a fatwa on the following issue. We have got one house and a property connected to this house which was done Waqf by our great grandfather. As per the Waqf deed ....

Question: I am very happy to see your reply.Actually I am not greedy person. I don't care about the money or to be wealthy. I am a programmer have good income. But I want to support my parents’ family, and my ....

Question: Do I have to pay Zakah on shares held for me by a nominee on trust ? For e.g. I purchase shares in my own name via TD Waterhouse who hold legal title on a nominee basis. This means they ....

Subjects: Alms tax; Islamic jurisprudence; Stocks

Question: I gifted my son £ 1,000 and hold this in an account in my son’s name. However prior to his 18th birthday he is not able to access that money without my consent. In this instance is he liable for Zakah ?.

Subjects: Age of majority; Alms tax; Islamic jurisprudence; Money

Question: Assalaamu Alaikum WRWB,Brother, I have benefited by several of your answers related to Islamic finance at IslamOnline, and May Allah (SWT) bless your work and reward you with the best place in Jannah in the hereafter.I have a question I'd ....

Question: Assalamulikom Sheikh Mozer,My wife and I purchased our first home using cash. We took out an equity line of credit on this home, with which we used for home improvements and to invest in a rental property. We then took ....

Question: Salams This is Riaz from Pakistan. In our country lot of Taxes are implemented to generate therevenue for running the government and also bettering the life of countrymen. Exemples of Taxes are ;1. Import duty, custom duty2. Sales tax (calculating ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I am a female residing with my family husband and kids in Qatar. I want do start a nursery school please can you tell me if it is allowed for a women to do such ....

Question: AOA,My name is Khan and I am living in Canada. One of my friends is doing business in Forex currency with Muslim account (Interest free).He is good Muslim guy and said that he researched on Forex before starting that it ....

Question: بسم الله الرحمن الرحيمالسلام عليكم و رحمة الله و بركاتهانا شاب من فلسطين و من قطاع غزة تحديدا انهيت دراستي الجامعية و لا يخفى على حضراتكم ما نمر به الآن من ظروف صعبة عندما انهيت دراستي اصدمت بواقع مزعج و ....

Question: Salams Kindly enlight me whether doing business share trading is Hlal or Haram ? Can Zakat be paid from the income earned from the stock trading ?.

Question: What do you think about Canadian and US stock market if I avoid all Haram business can I buy mining, soft-ware, medical company (stock).Please I want to know also whether working as real estate agent in Montreal it’s Halal or Haram ?.

Question: I live in Canada. I have been trading forex more than a year but I never think about it is Haram or Halal ? Because forex business risk and profit involve not like put money bank And getting interest. I ....

Question: [Question One] :Alsalm Alekom Wa Rahmato Allah Wa BarakatohI am a Moslem living in London and want to buy a house. I understand that there is a Fatwa by Dr Karadawi to allow non Islamic mortgage if the hose is ....

Question: [Question One] :Alsalm Alekom Wa Rahmato Allah Wa BarakatohI am a Moslem living in London and want to buy a house. I understand that there is a Fatwa by Dr Karadawi to allow non Islamic mortgage if the hose is ....

Question: As-Salamu 'Alaikum, Dear scholar, I have bought a house with an interest-based mortgage in an attempt to provide more security for the family, at a time when I was ignorant about our religion. Now, however, I have realized that this ....

Question: I would like to ask that whether it is a Halal way of earning to work as a mortgage advisor. I have shifted to UK and want to do mortgage advisor course so that I should Work as a mortgage advisor. Please advice..