e-Marefa DataBank for Islamic Economics and Finance

Question: Assalamu Alaykum WA Rahmatullahi WA Barakatuh,Dear scholar ! Is it permissible to purchase and sell stocks online ? and what is the opinion about scholars investing in Amana mutual funds, is it Halal ? thank you.Jazakallah Khair !.

Donor award: Alliance Islamic Bank Berhad (Kuala Lumpur, Malaysia)

Subjects: Alliance Bank Malaysia Berhad

Question: Assalam Alaikum I would like a few minutes of your busy time for this 'Halal' product on home loans. One Muslim financial institution offers home loans as Shari’ah-compliant. It is called Musharakah Mutanaqisah by them. What it does is fix ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,May Allah bless you, My name is Muhammar, came from Indonesia . I'm right now living for a temporary reason as a Student in Germany. I also active in a Indonesian Muslim's community organization. We, ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have three questions but I am going to explain the situation first. I work as a financial analyst in the accounts department for a multinational company. After the books have been prepared by my ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I want to know if it is forbidden to borrow money from a bank without paying interests for it. Jazakallahu Hajren ! Selamu Alejkum.

Question: Alsalamu Alaikum : I live in a country without social security ; and would like to know about life insurance ; specifically one which is fixed premium and payout, ie. I pay a fixed amount per year and my family ....

Question: Salam Alaykum,. Mohtram Ulama E Karam. Assalam O Alaikum, I'm working in SEARS for about $ 11 / hr, with no benefit. Nowadays I have an offer in a company like money mart for $ 14-15 / hr with full ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I am in a dilemma and would really appreciate some help and guidance. With the grace of Allah Tala I am very lucky to have been on the path of Islam now for over two ....

Question: Assalaamu'alaykum Wrt Wbt.Please help by giving a simple explanation on how one should calculate Zakat of a Islamic bank where there are both Muslims and non-Muslims shareholders. The 2 volumes of books which you had translated may take a long ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I help my family financially. Can I give them the bank interest money. I base my statement on your answers here.http://www.islamonline.net/servlet/Satellite?pagename=IslamOnline-English-Ask_Scholar/FatwaE/FatwaE&cid=1119503547716 ? You need to dispose of this interest money by giving it to some ....

Question: Asslamu Alikum, Dear respected scholar.I am working for a software company. Recently me and my friend started a company while still we are working for the same company. We work on our company out of normal working hours. Since we ....

Question: AssalamuAlaikum Br. Monzer may Allah reward you for all your efforts and advices tothe Ummah.I am in a dilemma and urgently need to ask you some advice and would be grateful if you could answer me.I am originally from Mauritius. ....

Question: [Question One] :Assalamu Alaikum,We have a startup investment company interested in venturing into gold, silver and forex spot trading. From our research, everything seems to be within Islamic principles, though your opinion about margin confused us. Essentially, we understand why ....

Question: [Question One]Assalaamu'alaykum Wrt Wbt.Would you mind giving me tuition on Islamic banking accounts ? I saw your qualificationas chartered accountant.You have been with IDB and I think you would be able to give guidance to me. I am still not ....

Question: I am really grateful for the answer provided to me. Can you please clarify the following transaction :I buy one Euro with the help on dollar when the transaction rate is 1.50 $ = 1 $. to make this transaction ....

Question: Charter schools are being increasingly considered by "Islamic" schools across the country. There does not seem to be much concern about the charter school concept itself or its operation. However, when an "Islamic" school is to be converted into a ....

Question: Asalam-E-Ilaykum I have a question regarding Zakah, I do have lot bills to pay which will take me 6-8 months’ time to finish pay off my bills, besides that I have some assets like some gold from my marriage, do ....

Question: [Question One] :Salamoe'alaikoemwarahmatullah, I got your e-mail address from Miss Somia. I'm Rachida, I'm studying Arabic and Middle East studies and for my Master-thesis I'm examining the possibilities for Islamic financein Holland, especially Islamic mortgages.The reason why I send you ....

Question: [Question One]Greetings sir how are you.As an ex-pat worker in Saudi Arabia, I am confused over the fact that banks and lending institutions here in the Kingdom offer loans calling them interest-free or Shariah compliant and then charge an interest ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have a question... If I vow to give let's say like Rs. 1000 in Zakah , is it ok if I give the equivalent amount in dollars ? Jakallah Khairun.

Question: Salamo AlykoumI have two related questions please :I live in New ZealandFirst one is about ""income protection insurance"". This kind of insurance covers you in case of illness or disease that stops you from working permanently. it provides 80 % ....

Question: Dearest Dr., As-Salamu AlaykumI would like to have a clear answer if possible on the following issue :I'm Canadian citizen (of Arabic origin) working in Abu Dhabi-UAE. I have two sonsstudding in Edmonton Alberta, Canada and the third son will ....

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

Subjects: Contracts; Islamic jurisprudence; Resale on profit

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

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

Subjects: Contracts; Islam; Islamic jurisprudence; Sales; Securities

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Is it Halal to work with someone’s money obtained through Haram means to make a Halal income for myself and him in order to pull away from Haram.Visitor notes :I have a friend who wants ....

Question: Alsalam AlikoumI took a mortgage loan to start a business. I didn’t use any money from the profit of this business, but I kept it aside in a separated banking account.I‘d like to know if there is any way to ....

Question: [Question One] :In a spot FX transaction on inter-bank currency exchange.. Do you take the spot exchange rate on trade date or value date ?For example, Money committed to exchange on 16 / 4 / 07 for USD100 @ rate ....

Question: Alsalam AlikoumI took a mortgage loan to start a business. I didn’t use any money from the profit of this business, but I kept it aside in a separated banking account. I‘d like to know whether there is any way ....

Question: As-Salamu AlaykumI want to know whether the "Mutual funds" and "life insurance policies" in India are forbidden in Islam or not. Thanks in advance,.

Question: As-Salamu AlaykumI hope you are well and enjoy the blessings of Allah.I want to know whether the "mutual funds" and "life insurance policies" in India are forbidden in Islam or not. Thanks in advance,.

Question: [Question One] :In a spot FX transaction on interbank currency exchange..Do you take the spot exchange rate on trade date or value date ?For example, Money committed to exchange on 16 / 4 / 07 for USD100 @ rate of ....

Question: Assalamo Alikom I hope that you are well and in good health.I have discussed my will with my daughter, and as I know in Shari’ah if you have a boy in family, he gets 2 / 3 and girl 1 ....

Question: [Question One] :Dear Dr Kahf, Assalaamu'Alaykum Wrt Wbt.Thank you for meeting me and my family in Singapore during your last trip with the introduction of brother Ariff. How's your family and grand children ? I'd saw your family photos on ....

Question: Dear Dr. Kahf, Assalam Alykum wa Rahmatul-Allah wa BarakatuhFirst of all, I would like to thank you for your efforts for serving Islam and Muslims across the world. I'm writing you regarding buying a house in Oman through an Islamic ....

Question: Dear Dr. Kahf, Assalam Alykum Wa Rahmatul-Allah Wa Barakatuh first of all, I would like to thank you for your efforts for serving Islam and Muslims across the world. I'm writing you regarding buying a house in Oman through an ....

Question: [Question One] :Assallamu ALaikumOne question -Our board refuses to adopt the policy of recording the Murabaha on our books at the sale price but instead records at the historical price. We spoke to them andwe showed them the AAOIFI standard ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,In the Philippines the main source of income is agriculture. May I know how Zakah from plants like rice, corn or coconut are calculated ? Jazakum Allah Khairan.

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Firstly, I wish to commend you and all in your organisation for doing a wonderful job for highlighting and educating people in Islam. May Allah (SWT) reward all of you in this World and the ....

Question: Alsalam Alaykum can you pls. explain if it is lawful (or not) for a finance manager to work for a company while one of its branches of business is providing mortgages. The company has other branches including import, export and ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Can you pls. explain if it is lawful (or not) for a finance manager to work for a company while one of its branches of business is providing mortgages. The company has other branches including ....

Question: Assalamu Alaikum I tried to follow you fatwa on whether the money received from life insurance is considered inheritance or not. I just want to make sure because many of us here (in the American University of Sharjah in the ....

Question: Assalamu Alaikum I tried to follow you fatwa on whether the money received from life insurance is considered inheritance or not. I just want to make sure because many of us here (in the American University of Sharjah in the ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Jazakmu Allahu khaira for your help and support. Following with our case, reference number B97EQp, the building saving contract is coming to an end and my wife will get back an amount of money. She ....

Question: Assalamu alaikum, Jazakmu Allahu khaira for your help and support. Following with our case, reference number B97EQp, the building saving contract is coming to an end and my wife will get back an amount of money. She will get rid ....

Question: I’m working with national bank of Pakistan, a government owned commercial bank.I want to know from Islamic point of view whether the income from this job Halal or Haram ?.

Question: Assalam U Alikum, Hope and pray that you are in the best of health.According to the attached text it says that working even in an IT dept of bank is prohibited i.e. not allowed as you are helping / assisting ....

Question: Dear Dr. Monzer, Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Salamualiakum, I live in US. I bought a house year and half ago. I did my home financing through a conventional mortgage which is an interest based financing. Now I am planning ....

Question: Salaam Alaykum,I have a question arising from the revocable living trust document you sent me.On page 60, Case number 5a where surviving heirs are only wife or husband, no other relatives. The share of the remainder is 1 / 4 ....