e-Marefa DataBank for Islamic Economics and Finance

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,The committee of our high school had organized a vacation weekend a money contribution have been demanded to us (not all the cost the association have extra funds). during the weekend a competition day have ....

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

Subjects: Contracts; Islamic jurisprudence; Letters of guarantee; Warranty

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

Subjects: Agency (Law); Contracts; Islamic jurisprudence; Letters of guarantee; Resale on profit

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

Subjects: Contracts; Leasing leading to proprietorship

Question: Respected Sir, Assalaam Alaikum,Is it permissible to invest in mutual funds or shares of an establishment that manages banks, gives housing loans(interest based),etc.? Thank you for your time and anticipated reply,.

Question: Asalam Aulikum,My brother in law stated you had told him he doesn't need to refinance his home ? I was planning to refinance the house with Devon Bank under the Murbaha contract.I recall 2 years ago you had insisted that ....

Question: AA, Awqaf SA would really appreciate some guidance on this issue :The general norm in the investment of Waqf funds is that the corpus ie the capital remains intact.Example : a person donates R 100000 as Waqf. The institution, say ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,First of all, I would like to define my situation and then go for the question. My name is Salman. I was born in Pakistan in 1980 but I lived in Saudi Arabia for 17 ....

Question: Asalamu Alaykum Wa Rahmatullahi Wa BarakatuhMy query is regarding payment fo Zakahh in the following case: Is the promoters shareholding in a company deemed as part of Nisab? Suppose the promoter (s) of a company hold say 40 % shares ....

Question: [Question One] :AsslamI got your email ID from your website, Sir I am from India working in a life insurance company as a Training Manager. I came cross your website thru google search. I have few queries on insurance investment ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have recently come to discover that interest money generated from bank deposits and savings are not lawful according to the Shari'ah (it is Riba). In my case, I have been earning that illicit money ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,My father keep money for my borther study with me as his ""Ammanath"" for his study. I am paying his Collage Fees after every 6 months and I have to pay this for next 3 ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Is it permissible to invest the money in bond ? Some retirement plans gradually invest the money in bond as the participant approaches the retirement age. Thank you. Jazakum Allahu Khairan for your constant help.

Question: Assalamulakum,I have heard that you a financial specialist. I live in Frederick, Maryland and would like to know the cost of Zakah-Ul-Fitr, because some people say that it is $ 10 some have other calculations so could you please clarify ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Can I give a Zakah to someone in order for him to pay his debts to conventional banks. Namely, one of my relatives has borrowed money from conventional bank for business sake. However, as time ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,My question is regarding the inheritance of my father. My father is about to write his will and he would like to know how much money should go to each of his heirs. He has ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I'm living in a non Muslim country and working for a non Muslim IT firm. Recently I got a job offer from a non Muslim IT company which is a subsidiary of a leasing company. ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have two pious cousins (they are brothers) to whom I lent 2 lakh Indian rupees two years ago.Their intention was to repay the debt as soon as circumstances turned in their favour. Unfortunately today ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I am married with three beautiful daughters. I am the youngest of 4 children and the only son.My mother died in 1999 and my father mashallah is still with us at age 75. My questions ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Recently a book in local language stated that Zakah is imposed by the then Islamic Government.We know it as a pillar of Islam and ordained by Allah. Is there any basis about the book's statement ....

Question: As-Salaam-Aleikum,My name is Shabbir and I leave in Canada.I would be very grateful if you could please advise me whether insurances such as life and medical are allowed in Islam.Secondly, on the issue of Zakaat, if say in 2005 my ....

Question: As-Salaam-Aleikum,My name is Shabbir and I live in Canada.I would be very grateful if you could please advise me whether insurances such as life and medical are allowed in Islam.Secondly, on the issue of Zakah, if say in 2005 my ....

Question: As-Salaam-Aleikum,My name is Shabbir and I leave in Mississauga, Canada.I would be very grateful if you could please advise me whether insurances such as life and Medical are allowed in Islam.Secondly, on the issue of Zakaat, if say in 2005 ....

Question: [Question One] :As-Salamu`Alaykum Wa Rahmatu Allah Wa BarakatuhI have received the following question from a brother in Reno. He asks about his job whether it is lawful or not.. Pls. help and give him counseling because he is one of ....

Question: As Salamu Alaikum I hope your Ramadan is going well, and that this email reaches you in good spirit. I have a question about the Zakah Calculation Form, which has recently come to me by one of our members. The ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Mubarak Ramadan. I am a convert to Islam and I have found Islamic loans to mortgage a house or to buy a car, but I am wondering if there is an Islamic consolidation loan for ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have been approached by a number of Muslims concerning the following issue. We have a bank in South Africa offering the following Savings Policy : A client can place money in a savings account ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have been approached by a number of Muslims concerning the following issue. We have a bank in South Africa offering the following savings policy : a client can place money in a savings account ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,A friend of mine bought a piece of land one year ago. The price was 300,000 rupees. His plan was to sell it. Now he still owns the land and the market value has gone ....

By: al-Zubi, Ubayd Sayf H. A.; Wilson, Rodney. Journal of Social Affairs. Vol. 23, no. 91 (Sep. 2006), pp.13-53, 41 p.

Subjects: Banks; United Arab Emirates; Evaluation; Islam; Religious aspects

Question: [Question One] :Wa Alaykum Assalam Warahmatullahi Wa BarakatuhI just noticed that you replied again after we met at your house early this year. I wanted to review your answers.So Assignment of contract and double closings are both permissible ? when ....

Question: Br. Samy at Islam on line, please give details on the country of the questioner, if you have them, because they affect understanding the nature of provident fund, they differ from one country to another.QuestionAssalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I ....

Question: alSalaam Alik With my sincere apologies, I meant to ask you on a financial matter. I bought my house in 1992 with a loan from a local bank. Although I paid it off quickly in five years I obviously paid ....

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

Subjects: Leasing leading to proprietorship; ٌLeasing

Question: [Question One] :Aslamu Alaikum Warehmatullahi Wabarakatu,May Allah (SWT) reward u with success n happiness in this world and Aakhirat InshaAllah.I hope I am not bothering you with my mail but plz I am in need of urgent advicce and I ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I live in Canada, I bought a house through a mortgage four years ago, in those four years the price of the houses in my area doubled, this year with the renewal of the mortgage, ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I am writing to you with regard to taking a mortgage to invest in a property to rent in the future I own a property and live in UAE, the property i own is in ....

Question: [Question One] :Assalam-O-Alaikum respected brother,Please could you give me authentic reasoning for prohibition of Riba.[Question Two] :Thank you for your prompt reply. I didnt make my background clear with the first email. I am a final year student stuyding BSc ....

Question: [Question One] :AssalamoulaykoumI’m a Muslim living in Morocco, I have a question about leasing how can we differ lease with normal credit or payment in installment as ultimately the total cost of the car for example will be the same ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I am working one of the Relief organization and I have some concern. Please give me the answers of my questions which are according to Quran and Sunnah.1. If organization collects some donations for emergency ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I want to know that if buying and selling of shares of the company is permitted. Suppose, I buy a share of Rs.10 / - and after three months the price is Rs.3000 / -.Is ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I used to write to you in the past, asking for fatwas about certain issues, and always you gave me the proper Fatwa, Jazakom Allah Kul Khair. Today I have one question, and hope you ....

Question: Asalamu Alaykum Wa RahmatullahThere’s a lot of talk about giving Zakah in the US to masjids, Islamic schools, or Islamic organizations… Not for the purpose of distribution to the poor, but for the administration / activities / operation of the ....

Question: Assalaam Alaikum Wa Rahmatullahi Wa Barakaatahu,As usual I am asking you some questions again, but this time it is on behalf of my mother. She would like to know some things related to Zakah. Her sons have loans, but their ....

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

Subjects: Financial statements; Islamic jurisprudence; Management; Profits; Social responsibility

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,By the name of Allah I already gave Zakah Elmal for all my money last year, could you please tell me how to count it for this year and the years to follow.Jazakum Allahu Khairan for your constant help.

Question: [Question One] :Assalamu Alaikom,I am involved in Quixtar business that I read your Fatwa about in 2003. I understand that many Muslims have questions and many, many Muslim are building it.In this business I do not buy nor sell non-Shari’ah ....

Question: Assalamo AlaikumWhile reading Abu Saud s book, Contemporary Zakah, a question came to my mind which I am referring to you for guidance.the question is ; banks in Pakistan are using our deposited money for earning profits out of which ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Is there any opinion that the money paid to a beneficiary under a death benefit of an insurance / Takaful policy does fall under the Faraid distribution on the view that the money does not ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I am a Muslim living in Europe. I need to buy a house through non Islamic mortgage but I may move from my city in every 2 years or so to anathor city. My question ....