e-Marefa DataBank for Islamic Economics and Finance

Question: AssalamoAlaikum A husband and wife had a house jointly on their names. The husband worked bringing the money while the wife did not work to bring in money but stayed at home as a housewife looking after their 2 boys ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Dear scholar I am pursing mba in both finance and marketing, my question is, Is it forbidden in Islam to do job in banks as their main source of income is through interest.2) Secondly what ....

Question: Asalamualikum, I live in Canada. My question is that is it allowable to take Life and Car Insurance ? What Quran or Sunnat or Ijtihad says about the life and car insurance ? Because in Canada it is against law ....

Question: As-Salamu AlaykumWhat is the Zakat ruling on investments, like funds, shares, unit trusts invested for their dividends not for trading..

Question: Alsalamalaikum May Allah (SWT) reward you for your informative sessions given in ICI, which benefit brothers and sisters here. I got some questions about Zakat (acceptors), may I get your opinion / answers for them :1. Can we give Zakat ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Having a lot of financial problems, pls give dua for Allah s.w.t to give guidance as to what new business to open. confused and not very good at business. I have a shop but it ....

Question: AssalamOaalikum ProfessorMy grandfather "S" his father "M" died leaving one son "S" and 3 daughters All the 1 son and 3 daughters died after their father "M". My grandfather "S" had 2 sons my father "Y" and his brother "I" ....

Question: AssalamoAlaikum ProfessorMy sister died leaving our mother {mother of all the children] 6 sisters 3 brothers. My late sister was survived by one son and her husband. The husband has since remarried.Question : is my mother entitled to inherit from ....

Question: AssalamoAlaikum. I have 2 questions[Question One] : I have a sister who has children from Christian men she does not pray salaat, fast nor wear Islamic clothing and eats Haraam meat also. She does not do anything to indicate she ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Please shed me some light on transacting with 'Islamic banking windows' that are in operation within interest levying banking system. Here in our country some RIBA based banks are introducing Islamic financial products and deposit ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,May Allah SWT reward you for your efforts regarding this website. My question is about shares and investment. I work for a healthcare company and we have a company share scheme. Every month we are ....

Question: AssalamoAlaikum, I want to know if its permissible to take a job as an engineer in airlines since it is known that sometimes people use airlines as a means for going to resorts in different countries where Haram actions are ....

Question: I live in Lahore, Pakistan. Considering our rough mismanaged traffic, and very little implementation of law, Can I make insurance of my car that I have just bought. I have heard that all insurance companies here invest our money in interest-based business. Please advice. Allah Hafiz.

Question: Bismillahirrahmanirraheem dear brothers, Assalamu Alaikkum, I would like to get the clear answer for the following question in the light of al Quran and authentic Hadith, Q : Is having Heath insurance policy permitted in Islam ? And is working ....

Question: Asalaam AlaykumDear Sheikh, I have some questions which I need the response from you.… For full Fatwa, download the PDF..

By: Azid, Toseef; Asutay, Muhammad; Burki, Umar. Islamic Economic Studies. Vol. 15, no. 1 (Jul. 2007), pp.1-30, 30 p.

Subjects: Social responsibility; Economic development; Entrepreneurship; Islam; Stockholders

By: Khatkhatay, Muhammad Husayn; Nisar, Shariq. Islamic Economic Studies. Vol. 15, no. 1 (Jul. 2007), pp.47-76, 30 p.

Subjects: Financial markets; Investments; Islam; Islamic law; Stocks

By: Faruq, Sayyid. Islamic Economic Studies. Vol. 15, no. 1 (Jul. 2007), pp.31-46, 16 p.

Subjects: Corporations; Financial institutions; Islam; Social aspects; Social responsibility

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,When should I give away Zakat ? I have just recently completed 12 months as an employee in a company. How much minimum amount should I have in my savings so that Zakat is obligatory ....

Question: Asalamualykum Warhmatullahi Wabarakatu.In a country where inflation is growing very fast compared to the economic growth rate of a nation (depressing the purchasing value of money from time to time), what would be a verdict on interest rate ? No ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I live in Saudi Arabia (Riyadh).I have got a job offer in a bank. My position is to work as a network engineer. I wish to know is it Haram to Halal to work with ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have a question regarding interest accrued from bank deposits. I have read in previous Fatwas which mention that such interest should be given away. In my country, I can give away this money to ....

Question: Assalamu Alaykum wa Rahmatullahi wa Barakatuh,I have a question regarding interest accrued from bank deposits. I have read in previous fatwas which mention that such interest should be given away. In my country, I can give away this money to ....

Question: Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh.I have two questions to ask you about with respect to Islamic financing. The first question pertains to leasing contracts. Is it permissible in Islam to sign a leasing contract for a car (new or ....

Question: ASA,Do you agree that insurance policies are permissible ? JAK. ASA Ayesha.

Question: Assalamu Alaikum, My question has to do with trading in Forex. What is the view of the Shariah on this ?Especially, now that the trade is done on line via the internet ? I will be grateful if this question ....

Question: [Question One] :Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh,I hope you and your family are doing well, and that you had a safe trip back to the US since we have last talked. Further do I want to express my sincere ....

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Is it haram to trade on the stock exchange (aka the share market) ?Jazakum Allahu Khairan for your constant help.

Question: Assalamu Alaykum,I pray this message reaches you in good heath and in a high state of Iman. You may recall I have contacted you in the past with questions relating to Waqf and legacies and you have kindly provided detailed ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I would I like to ask one question is working in bank in Saudi Arabia is allowed in Islam. Here in Saudi Arabia banks says they are Islamic banking but actually they are following Interest ....

Question: Salamu Alikum, I 'm a disabled man and I 'm not able to work. I need some complicated surgeries that goverment medical insurance doesn't pay for it. I also want to go back to school and get some degree that ....

Question: سلام عليكمIs it Haram to invest in businesses such as airline companies because they offer pork in their flight meals ? Also, I prefer not to gain any interest on my money in the bank, but someone told me that ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Dear brother I would really appreciate if you can answer my following question: My question is that my husband is working for a conventional bank. We read the fatwas on your site and he too ....

Question: Assalamu Alaikum I hope all is fine with you and your family. I would like to ask you about retirement insurance ? You know it's not only that you give the company monthly payments to keep it for your until ....

Question: We are studing the Islamic economy. There is a disputed question arises : we are as Muslims, can we take credits from conventional banks in our country (Kazakhstan) to do businesses or to buy homes on credit. Some our educated ....

Question: I had organised an 8 person workshop this weekend, and we had read through all the papers from the Bangladesh conference on Zakah, Awqaf and Micro-finance as well as your papers on Zakah (from your web-site).Alhumdulillah, it not only expanded ....

By: Kamali, Muhammad Hashim. Journal of King Abdulaziz University : Islamic Economics. Vol. 20, no. 1 (2007), pp.3-22, 20 p.

Subjects: Banks; Financing; Islam; Religious aspects; ٌLeasing

By: Abu Bakr, Nur Brizh; Abd al-Rahman, Abd al-Rahim. Journal of King Abdulaziz University : Islamic Economics. Vol. 20, no. 1 (2007), pp.25-40, 16 p.

Subjects: Christianity; Ethics; Islam; Islamic World; Taxes

By: Aqayilah, Zayd Mahmud. Mu'tah Lil-Buhuth Wad-Dirasat : Humanities and Social Sciences Series. Vol. 22, no. 3 (2007), pp.9-60, 52 p.

Subjects: Law; Islam; Islamic jurisprudence; Private ownership; Right to property

Question: Assalamoalaikum brother,I wanted to know the shariah ruling on the taxes that the government charges its citizens ?Is it allowed or prohibited by the shariah or does it depend upon the nature of taxes. As far as I know the ....

Question: [Question One] :A friend of mine asks whether or not he can sell life, health and annuities insurance products for a traded insurance company.[Question Two] :Assalamo Alaykum :At the outset, I want to thank you for getting back to us ....

Question: [Question One] :AAA friend of mine asks whether or not he can sell life, health and annuities insurance products for a traded insurance company. Thank you[Question Two] :At the outset, I want to thank you for getting back to us ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I once did a mistake of getting a loan with intrest from a bank to start a bussiness. I am still paying back the loan and on the other hand doing bussiness with the loaned ....

Question: Dear Dr. Monzer, As-Salamu Alaykumi have a house mortgage with a bank and expect to finish the mortgage payments within 3 years. The house at the moment is worth about twice the outstanding balance of the mortgage. All current payments ....

Question: Dear Dr. Monzer, Assalamu Alaykum wa Rahmatullahi wa Barakatuh,We are a Muslim family with one son living in Switzerland and only one of us is working. We are renting an apartment just fulfilling our needs since we are married (since ....

Question: Dear brother in Islam,May Allah reward you in abundance for all the good work you are doing... Ameen From a long time I have one question which needs to be answered. I needed an answer from an authentic source. I ....

Question: Asalam Alakum, I want to find out if it right or a Muslim to take advantage of leverage in forex trading.

Question: May Allah reward you in abundance for all the good work you are doin... AmeenFrom a long time I have one question which needs to be answered. I needed an answer from an authentic source. I searched for your email ....

Question: AsSalamu Alaikum,I pray that you are doing well. I have a couple of questions for you. A province-wide organization is in existence that helps fund initiatives promoting languages others than English and French. So they are willing to fund or ....

Question: Dear Dr. Monzer, Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Our question is regarding Riba. We are a Muslim family with one son living in Switzerland and only one of us is working. We are renting an apartment just fulfilling our needs ....