e-Marefa DataBank for Islamic Economics and Finance

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,My brother is not in need of Zakat but he can not afford private university tuition fee for his sons education. Can I send zakat money to my brother for his son?s university fee ; ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Thank you so much for the help you provide on this website. I am a new Canadian convert to Islam. I want to invest a large amount of money from my savings. I already hold ....

Question: Monzer, Assalamu Alaykum wa Rahmatullahi wa Barakatuh,I have been offered employment at an IT based company, in the interview I was however advised that I will be located at the offices of an Alcohol based company. Am I allowed to ....

Question: Assalamu Alaikum,Please allow me to seek your help to know Zakat status of socks granted by companies as part of their compensation programs. They are of two types :1-Stock options. These options got no voting power and do not earn ....

Question: Assalaamu Alaikum, I would like to ask u a question concerning working in conventional banks. My current situation is that I’m studying Islamic banking and finance (post graduate diploma) and in the near future InSha Allah I’m completing that course ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Dear scholars I have two accounts that I will collect on upon my retirment. One is my hospital's plan that both I and the hospital pay into which is invested and gives me dividends, legal ....

Question: I’m a Bangladeshi but recently moved to Singapore for job purposes. My worry is, relocating to a non-Islamic country for job purposes was not an ideal choice in the 1st place. And since I?ve relocated already, is it permissible to ....

Question: Assalam Alaykum. We follow football, and there are tipping competitions offered on the internet whereby entry is free and there are prizes (non monetary) on offer to the winners of different categories. However there are also a separate tipping competitions ....

Question: Salam,How much is the Nisab that should last for one year ? The 2.5 % is it from the Nisab amount or only from the rest above the Nisab ? Or from the whole money ?If the nisab is 1000 ....

Question: Salaam Alaykum DR Kahf,I have been asked 2 specific questions related to Islamic wealth distribution :1) Can you leave anything to children who are not Muslims either from the two thirds orone third portion of an estate ?2) Is it ....

Question: I hope this email finds you in the best of health and security. please help me finding the answer of this question.I found the following answer given by you on www.islamonline.net dated 30/12/2003. the complete url address of the page ....

Question: Assalamu Alaykum wa Rahmatullahi wa Barakatuh,Is it permissible for a Muslim to work as a software developer specifically or other type of positions in general at financial companies similar to Moody's, Fitch ratings and standard and poor's (S and P), ....

Question: Essalam Aleikum We live in Canada together with my spouse and two children, Elhamdoul'llah so far we have respected every basic aspect of our beloved religion, but lately as our kids have reached the age to be schooled we chose ....

Question: [Question One] :I would like to know that I am working for Citibank Pakistan. For the last 3 years I was working for their technology department. But the business wanted to project manager for their technology project and I moved ....

Question: SalamI was one of the participants at the Waqf conference in Singapore. Perhaps you may remember me-I approached you during the tea break and told you that I will write to you regarding inheritance issues.First and foremost I must tell ....

Question: SalaamI am 28 years old and I want to start putting money in 401 K and IRA. But I don’t know what Islam's Porhabits like Interest when its comes to putting money in 401 K and IRA. I went to ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,My flat-mate became Muslim 2 years ago. She is returning to her country Portugal very soon and needs to ship her things to Portugal. At the moment she is in difficult financial circumstances. She has ....

Question: I would like your humble view if it’s permissible for me to do this job the description is below :GCC card administratorArea of responsibility : to manage the completed credit card applications through to production and deactivation of the corporate ....

Question: I would like your humble view if it’s permissible for me to do this job the description is below. Please let me know ASAP. GCC card administratorArea of responsibility : to manage the completed credit card applications through to production ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,My question is about Zakat.do one have to give Zakat on what he earns or what he save ? I earn weekly, so should I give Zakat on what I earn? Jazakum Allahu Khairan.

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Dear Scholars, I live in Canada and wondering about some very basic information whether they are permitted in Islam. I'd like to know whether taking money in child tax benefits and welfare is acceptable in ....

Question: Assalamu AlaikumI appreciate your help in evaluating various contracts and schemes may Allah reward you and increase you in knowledge and understanding for your efforts in his way.Here's another program I found and I was wondering if you could take ....

Question: AsalamuAlikumThank you brother for replying to my earlier question regarding housing loan. I have a few more questions this time which I hope will be answered by you.1. What are Shari’ah rulings on living in a house on lease basis. ....

Question: Assalamu Alaykum wa Rahmatullahi wa Barakatuh,I am a retired civil servant. I have a pension of 900 USD and a rent income of 500 USD. However, I have a loan to honor and these revenues do not suffice me. Therefore, ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I am a retired civil servant. I have a pension of 900 USD and a rent income of 500 USD. However, I have a loan to honor and these revenues do not suffice me. Therefore, ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I want to buy a house Inshalah , there is an Islamic association that can buy the house with applying Shar?ah , but my problem is I have to pay a percent which is around ....

Question: [Question One] :Assalamo AikomI have bought term life insurance 2 years ago, mainly for living benefit for any critical illness. I might have in the future. I wonder if this is Halal or not ?Your answer very much appreciated.Wasalamo Alikom[Question ....

Question: [Question One] :Hello, I have a question for you on my parent's behalf.My parents are planning to do a will as per Islamic law. They have two children, me (their SON) and my sister (their daughter). My parents want to ....

Question: Salamu Alaikum Jazak Allahu Khairan for answering my previous question regarding "Dealing with Interest". You mentioned that I would find the income from interest a company receives through their revenue or profit / loss statement. Forgive me I am still ....

Question: Bank charges 75 Dhs monthly as rental for the card. If I settle the due amount in full on time the bank will refund 60 Dhs. So the actual monthly rental on card is 15 Dhs. For me this sounds ....

Question: Dear Dr Kahf,Sslamu AlikumBy using a credit card the account holder can withdraw money. For every 3000 Dhs withdrawal bank charges 100 Dhs which is a fixed amount. If the account holder doesn't pay the money on time, there is ....

Question: Dear Dr. Monzer, Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I really like Islam online for its being such a wonderful, useful and resourceful site. May Allah help it grow and reward all of those who work for the site and for ....

Question: Assalamu Alaykum WA Rahmatullahi WA Barakatuh,I am an Egyptian software engineer , I with some colleagues constructed a software outsourcing company that outsource software abroad of Egypt in order to ultimately bring renaissances to our nation and compete with other ....

Question: [Question One] :Assalamu'Alaikum Is the interest given by the conventional bank is Riba ? Despite my main intention is tosafe keep my monies. And how can the bank utilise our money for investment which I did not opttion for ? ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Al Salamualykum I live in USA and I am planning to buy my first house to live in. I was not sure about what is the right thing to do and not be considered as ....

Question: Dear Dr. Kahf, As-Salaamu Alaikum Warah'matul-Laahi Wa BarakaatuhuuWe approached a finance company here in the U.A.E. for funding for a project. They have requested that my friend give them the details of the house he owns so that they will ....

Question: Dear sir, Asalamualaikum, I would like to ask that I am Interested in doing a course due to which I could sell mortgages and afterwards I would like to develop my career In selling mortgages and intermediating between the lender ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Asalamu Alaikum, I would like to ask that I am interested in doing a course due to which I could sell mortgages and afterwards I would like to develop my career in selling mortgages and ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Is it permissible to visit and eat from the provision of the people, knowingly, with Haram income JAK.

By: Sufyan, Fadlan. Islamic Economic Studies. Vol. 14, no. 1-2 (Jan. 2007), pp.53-87, 35 p.

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

By: Abd al-Rahman, Abd al-Rahim. Islamic Economic Studies. Vol. 14, no. 1-2 (Jan. 2007), pp.91-107, 17 p.

Subjects: Economic systems; Islam; Islamic jurisprudence; Macroeconomics; Ruling in Islam

By: Wilson, Rodney; Hasan, Zubayr. Islamic Economic Studies. Vol. 14, no. 1-2 (Jan. 2007), pp.117-119, 3 p.

Subjects: Book reviews; Economics; Islam; Islamic economics; Microeconomics

Question: Salamu Alaikum I am currently trading stocks for a living and have read your Fataawa regarding trading the markets. I have a few key important questions regarding the three agreed upon key points you mentioned in your Fatwa.First, as far ....

Question: I hope all is well. I would like to ask you for a favor. I have a meeting with the rent dispute committee (Muslim country) and the landlord in a few days. Can you send me the ruling on raising ....

Question: Dear Dr. Monzer, Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, About Zakat can you please clarify a point. If you pay Zakat on $ 10000 your left with $ 9850, will you have to pay zakat on that amount next year, ....

Question: [Question One] :As-Salaamu Alaikum Warah'matul-Laahi Wa BarakaatuhuuMay Allah bless you abundantly. I am the brother from Ghana who has had various discussions with you at IIFF sessions in Dubai.I am starting a lumber exporting business and have the need to ....

Question: [Question One] :As-Salaamu Alaikum Warah'matul-Laahi Wabarakaatuhuu Dr.Kahf,May Allah bless you abundantly. I am the brother from Ghana who has had various discussions with you at IIFF sessions in Dubai.I am starting a lumber exporting business and have the need to ....

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

Subjects: Contracting out

Question: Assalamu AlaikumWe were discussing about the inheritance system of Islam. We couldn’t find any justification of the law that daughters will get half share than the sons. Can you satisfy us.Thanking you in anticipation. Wassalam.

Question: Assalamu Alaikum wa Rahmatullahi wa BarakatuhThank you so much for responding very fast. My father passed away on November 26, 2006. My dad did not have a Will made, he was in process of making it. He had made many ....