e-Marefa DataBank for Islamic Economics and Finance

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,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..

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: I am an individual residing in India and have a job. I also maintain a technology blog from where I get an income from Google AdSense. The Google AdSense program displays ads relevant to your website's content and I get ....

Question: سلام عليكمI am Aazam from Iran. At the first thank you for the workshop in Tehran.I have a question on Sukuk.If buyer of the asset differ from the lessee (in lease contract not lease-back) ,can lessee select the SPV for issuing Sukuk ? Thanks.

Question: As-Salamu AlaykumI work as a librarian in a British library which contains a lot of books, magazines, scientific and literal and musical cds, cassette tapes and computer access. All these things reflect the British culture as the writers, actors and ....

Question: As Salaamu Alaikum :My husband and I are almost 60years old; converts to Islam. We have no living parents. We have no Muslim relatives. If I read the schedule correctly, why is ISNA entitled to such a large part of ....

Question: Assalaamu Alaikum Sheikh,Please guide me on the under-mentioned question in accordance to the Shari’ah act :We would like to distribute the wealth of our family which includes our mother with 4 of her sons. Our father passed away some years back. The mother lives with one of the brothers. Jazakallah.

Question: [Question One] :Selamu Alaikum We Rahmetullah We BerekatuhuMay Allah reward you about your articles, I have read some of them, they are very useful, I am trying to translate in our language one of them (budget deficits and public borrowing ....

Question: X has two sons, Y and Z.Y has two sons, A and B.Z has two sons, C and D.Z dies. Would Z's sons (C and D) inherit their father's share of X's estate upon the eventual death of X ? Or is Z's share extinguished by his death ?.

Question: Assalam Alikum,I called hawthorn masjid and referred to you regarding fatwa related to working for financial / investment firm. The question that I have is composed of 2 parts :Note : the company in questions is: http://www.westernasset.com/us/en/about/ This company performs ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Is it compulsory for me to pay zakat though I am not working (housewife only). Once in a while I do deposit some cash in charity boxes in malls and other places. Also please tell ....

Question: I have read all your Fatwas about stocks either in your site or Islam online. But I did not find an answer for the following question : can we short stocks and buy it same day ? by this I ....

Question: Assalamoalaikum,If I have some gold whose value does not reach the nisab level plus some money which when added to the monetary value of gold together they still do not reach the Nisab level, is Zakah due on me.Also the ....

Question: SalamI want to ask if we can use zakat to repair mosque carpet Wasalam /.

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,1) Can Zakat be paid by a daughter to her own parents who are living separately and have little or no means of earning and are old and highly indebted. the parents do not share ....

Question: Assalaamu Alaikum, I pray that all is well with you and yours.Could you give the Islamic position of investing in a company that has both preferred and ordinary shares. May Allah bless you. Wassalaamu Alaikum.

Question: [Question One] :Assalamu Alaikum Sheikh !I’m Azam from Sri Lanka. One of my cousin brothers was trying to get the student visa to the UK. So in order to get the visa, he was asked to prove sponsorship. Since he ....

Question: [Question One] :I hope your Ramadan is going well…Eid Mubarak !I’ve had the following question from a lot of people this year… Do I subtract the entire amount of the mortgage on my personal residence from the amount I owe ....

Question: [Question One] :Assalamu Alaikum Sheikh !I’m Azam from Sri Lanka. One of my cousin brothers was trying to get the student visa to the UK. So in order to get the visa, he was asked to prove sponsorship. Since he ....

Question: Salams dear Dr. Eid Mubarak !Is there a Zaka due on global traded shares, and how is it calculated..

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have two questions. First I want to know whether investment in companys’ shares attracts annual Zakkat. Two we are compel by law in Nigeria that every worker has to contribute to his retirement benefit ....

Question: As-Salamu AlaykumWe receive child benefit and we have savings for the kids and we do spend also and we want know do we have to pay Zakat on this money.

Question: Salams I would like to know how and at what rate do I calculate my Zakat if I am a jewelry seller (Gold) and I want to calculate my Zakat will it be on value of the stock I have ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Last year we purchased a house (first home) on both myself and wife’s name. In February the home loan and complete finalisation of the transfer took place.Loan amount from bank - r600 000 current repayment ....

Question: Assalam O Alaikum I hope InShAllah you are doing well. I wanted to ask you a few questions regarding working in insurance companies.I live in Canada and attend the University of Waterloo. A number of Muslims want to be actuaries. ....

Question: Assalam O Alaikum I hope InshAllah you are doing well. I wanted to ask you a few questions regarding working in insurance companies.I live in Canada and attend the University of Waterloo. A number of Muslims want to be actuaries. ....

Question: As-Salmu-Ale-Kum: Where does 2.5 % come from ? It this mentioned in the Hadith or Quran ? thanks in advance for your help..

Question: Assalamoalikum,Thank you brother for your answer. I just want to confirm like for example if I have 30,000 rs after adding everything at the beginning of the year and this is nisab value le t suppose then after 354 days ....

Question: Assalamoalaikum,I was wondering if you can help me with my Zakaah calculations :(1) I have 32gms of gold saved up which amounts to 41,600 in Pakistani rupees.(2) I also have 46000 rupees of cash saved up from last year.(3) I ....

Question: Assalamoalaikum,I was wondering if you can help me with my Zakaah calculations :(1) I have 32gms of gold saved up which amounts to 41,600 in Pakistani rupees.(2) I also have 46000 rupees of cash saved up from last year.(3) I ....

Question: [Question One] :As-Salaamu AlaikumSomeone buys land with the intention of developing it into apartments ... Right now he does not have development rights but it won't be a problem ... He intends selling the apartments (with land) when developed... Does ....

Question: As-Salamu Alaykum 1. How do we account for the Inventory of a company for Zakat-is the inventory (goods) at cost or market value2. If I have a house for living and I have another house for rent and I spend ....

Question: SalamsI am a officer of a private bank in my country. My salary is Halal or Haram ? and if possible describe the reason why ? I wish your reply.

Question: Alsalamalaikum May I get your opinion on another Zakah related question : if someone bought a piece of land for the purpose of building a family house, but house not built yet (even for several years), does he need to ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have been given a large sum of money by my late non-Muslim grandmother to use for university and graduate school. The money is held in a trust. I do not have control over the ....

Question: Assalamalaykum my question is about interest I know today’s interest is Haram to take so what should a person do in a case where he has accepted that its haram and lets say he has a house on interest back ....

Question: السلام عليكمعندي سؤال يتعلق بقرض سكني في ليبيا حيث أن بعض المصارف الحكومية هنا تيسر للشباب قروض لشراء المنزل بحيث يأخذون فائدة لا تذكر مقارنة بالفوائد المعروفة و قد سألت مدير المصرف (صاحبي) فأفاد أن هذه لا تسد المصاريف التي ....

Subjects: Bank loans; Housing; Usury

Question: Salams 1-Before three years, I used to calculate my Zakat account based on what was the cash in hand upon completion of one full year (which used to calculate every Ramadan).2-Since there are different opinions related to Zakat calculation, and ....

Question: As-Salamu Alaykum I am working in a manufacturing company based in UAE. recently management of my company have decided to charge interest to employees who request for a loan from company. And it is well known that it is not ....

Question: [Question One]:Al Sallam Allaikum Wa Rahmat Allah Wa Barkatu.I hope that you will excuse me emailing you out of the blue like this but I am hoping that you can help me with a few questions that I have not ....

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

Subjects: Partnerships

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

Subjects: Financing; Islamic jurisprudence; Partnerships; Promise (Law); Purchasing

Question: Salam,Can you tell me please the exact percentage of Zakat on jewelry and can we pay Zakat step by step during the whole year or we must pay total Zakat during Ramazan. Thanks.

Question: Asalamualikum :My question is regarding Zakah. In case of person who holds promoter stake in a publically listed company ,what is the ruling of Zakah. Eg a person who is promoter of company holds 40 % stake in that company. ....

Question: AsalamualikumI have a few questions regarding Zakah and I hope you will answer them :1. Can son in law give zakah to his mother in law ?2. A lady who has no source of income has got some amount which ....

Question: AsalamualikumI have a few questions regarding Zakah and I hope you will answer them :1. Can son in law give zakah to his mother in law ?2. A lady who has no source of income has got some amount which ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Should a fasting Muslim from Canada pay Zakatul Fitr in the first day of Ramadan and how much it is this year ? Jazakum Allahu Khairan for your constant help.

Question: [Question One] :As-Salamu `Alaykum ! I would like to know if the following business scheme is Halal or Haram1) I create a company offering life insurance for free to poor people that can't afford life insurance premium cost and once ....

Question: As-Salamu Alaykum how are you Dr. Monzer ?Suppose, I have a sum equivalent to the value of more than 85 grams of Gold and paid 2.5 as Zakat last year... Do I still need to pay zakat this year and ....

Question: Wa Alaikum Asalam Wa Rahmatullahe Wa BarakatuhI've been browsing through your outstanding website Ma sha'Allah, an encyclopedia on Islamic finance, Jazaka Allahu Khairan for all the knowledge ; Insha'Allah it will be a Sadaqa Jariyah for you until Yawm Adeen.Insha'Allah, ....