e-Marefa DataBank for Islamic Economics and Finance

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have been searching a lot for the right place to ask my question. I hope you can help me. First of all, I would like to say that I converted to Islam recently and ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I am intend to open an account with a foreign currency exchange broker (forex broker) to trade with foreign currency. Most of the brokers offer 100 leverage. 100 leverage means that every $ 1000 dollar ....

Question: Asslamu Alaikum.Your Zakah calculation seems to me very good and I appriciate your writing.But my request that why do you give obligation to copy of that ? You see, lot of Muslims giving their lives for Islam and being a ....

Question: Dear Sir Assalam O AlaikumI am indeed thankful that you always take time to reply my emails. I have gone through your fatwas available on the website yet I have a question of similar nature. The question is old about ....

Question: Assalam O AlaikumI am indeed thankful that you always take time to reply my emails. I have gone through your Fatwas available on the website yet I have a question of similar nature. The question is old about interest but ....

Question: Assalaam Alaikum Wa Rahmatullahi Wa Barakaatahu.Thanks for your earlier reply. Please bear with my very lengthy letters, as no matter how much I may try, I just can't ask questions in brief. Besides giving you as many details as possible, ....

Question: I want to buy a car and I don’t have the money to finance it. I want to get a loan through Dubai Islamic Bank. Can you advice me whether the method they are following is of Shari’ah compliant.i.e. I ....

Question: السلام عليكم و رحمة الله و بركاتهفضيلة الدكتور منذر قحف : نسأل الله أن تكون بصحة جيدة و أحسن حال و قرب من الله تعالى، و سلامنا للأسرة الكريمة..لدينا استشارة نود من فضيلتكم التكرم بالرد عليها لأنها ترتبط بمشكلة يتعرض ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,The resident Muslims in western countries where there are no Islamic banks when being in a situation of necessity for the buy of a house, vehicle or any other necessity do not have more solution ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Firstly I would apologize that my question might be slightly different from the above given categories. My question : is working in any sector of the banking institution considered Haram ? If so why ? ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Can you please give me your openion about Lariba. It is a financial institution in the United States for financing residential and business properties. They could be accessed at Lariba.com. They say their model is ....

Question: Asalam Alikom Wa Rahmatoo Allah Wa Barakatooh,How are you Dr.Kahf. I hope you are doing fine in your work and enjoying the summer in the US, not as here it is very cold.Dr Kahf, what do you think about the ....

Question: Asalamu Alaikum,I found your e-mail on the Islamonline website. I am aware that you have a solid education and experience in Islamic financing, hence the reason for me contact you.alhamdulillah Allah has bless me with extra money which I would ....

Question: بسم الله الرحمن الرحيمأرجو من فضيلتكم توضيح الحلال و الحرام في العمل مع شركة كويست إنترناشونال و موقعها على الأنترنت (www.quest.net) و التي تتبع التسويق الشبكي (Networkmarketing) و تسوق منتجات و خدمات مختلفة منها تذكاريات ذهبية و ساعات فاخرة و ....

Question: I am Omar from Syria currently studying in …………. Institute of higher education in England, preparing my project for MA degree in Islamic banking and finance about Ijara contract in Islamic banks, I have come across the sale of services ....

Question: 1-If I have an Ijtihadi view on an issue in Zakah, so Muslims have to see what were / are the decisions of Fiqh Academy in KSA, Right Dr Kahf ?2-What about then the Qeyasi (analogy) issues like Fixed Assets ....

Question: What is Zakah تقادم in English accounting ? How does it apply to Zakah prescription ? Kindly advice.

Question: I have read your book : economics of Zakah, 2 nd edition, 2002What is the definition of poor and Needy ? I know that they maybe very near in the definition, but why am in need of this distinguishing between ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,My question is about the types of investments which are permissible in Islam. More specifically, I would like to know this in the light of investments available in India. Here are lots of investment options ....

Question: [Question One] :Assalam AlaikumI am an engineer from……………… Who has established a factory in………, India. The capital assets are free of all encumbrances.I had expected to fund the working capital from my own resources but after three months of production ....

Question: [Question One] :Many Thanks for yr answer. One quick question :Can you give me an example of analogy in the Zakah on Money ? Or any Qiyasi decisions in the files of Zakah ? Peace,[Question Two] :1-As I have read ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have been an immigrant for many years. I have decided to return back to my home country and settle there. I am saving monies for that purpose so I can start a small business ....

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

Subjects: Accounts; Agency (Law); Contracts; Investments; Islamic jurisprudence

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

Subjects: Financial markets

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

Subjects: Contracts; Financing; Islamic jurisprudence; Mortgages; Purchasing

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

Subjects: Agency (Law); Contracts; Financial institutions; Investments; Islamic jurisprudence

Question: I am really happy to receive your answers.-For my first question this is not what I meant : I mean if I am a normal person living in a Muslim country and I paid money as donation to a political ....

Question: [Question One] :Asalam Alikom Wa Rahmatoo Allah Wa Barakatooh,For Muslims God reward is an important feeling for us. Rather when you talk about this issue in front of Non-Muslims, it may be difficult to imagine this idea (I guess).One more ....

Question: As-Salaam Alaikum and thank you in advance for taking the time to read my email ;I realize that you read many such queries in the course of your work. I am a recent medical school graduate who has approximately $ ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Dear scholar, recently we found in a local book written by a historian, that the Prophet (PBUH) founded the world's first interest free bank. As far as we know, though interest was declared Haram, there ....

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

Subjects: Accounts current; Banking services; Islamic jurisprudence

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

Subjects: Accounts current; Banking services; Investments; Islamic jurisprudence; Speculation

Question: Assalamu Alaikum.Almost twenty-five years ago, I met you the first time at ISNA annual convention, where Dr. Abdullah Ahsan, at that time a doctoral student at U-Michigan (currently at IIU, Malaysia), introduced me to you. At that time, I just ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I and my husband are Muslims. We have a home which is half finished. That means all the 4 floors have been founded, however still the walls and the rest are not finished. Therefore, except ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Is it permissible to buy stocks in the US stock market nowadays and we know that they are managing war against US. And is it permissible to buy stocks in companies deals with conventional banks ....

Question: Asalam Alikom Wa Rahmatoo Allah Wa Barakatooh,For Muslims God reward is an important feeling for us. Rather when you talk about this issue in front of Non-Muslims, it may be difficult to imagine this idea (I guess).One more idea crosses ....

Donor award: Central Bank of Bahrain

Subjects: Islamic Banks

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,As a practicing real estate attorney, one major aspect of my practice is to close real estate transactions. A typical situation arises (whether it be commercial or residential) when a buyer and / or seller ....

Question: Asalam Alikom Wa Rahmatoo Allah Wa Barakatooh,Thanks for your extended email. I can feel what you wanted to express. Allah Help us. Back again to Zakah: If Zakah was the only fiscal policy in a country or tax policy was ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I would like to know if it is permissible to pay money with the intention of ""Sadaqa"" at places that collect Zakah money. Jazakum Allahu Khairan for your constant help.

Question: Asalam Alikom Wa Rahmatoo Allah Wa Barakatooh,How are you these days, I guess you are following the bad circumstances in our region, the same as here.Is the following info correct ?Minerals : rate of Zakah is fifth =20 % or ....

Question: Assalaam Mualaykum.According to South African law, the children of the deceased do not inherit the debts. How does this apply to Muslims, especially in the case where business is done with non-Muslims..

Question: As Salaamu 'Alaikum Wa Rahmatullah, I have been reading the book Interest free commercial banking by A.L.M. Abdul Gafoor. and in it he separated the cost of borrowing (CoB) into a few parts i.e.1. Interest2. Service Cost3. Overheads Cost4. Risk ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I have a question about buying a house. In the moment we are a family of 6 persons (my parents, two sisters and my wife) living in The Netherlands in Europe. Next year we will ....

Question: بسم الله الرحمن الرحيمالسلام عليكم و رحمة الله بركاتهتحياتي الحارة لكتعجبني كتاباتك جدا فانت متمكن بالاقتصاد الإسلامي جزاك الله عنا خيرا، اقرأ لك عن صكوك الإجارة و الأعيان المؤجرة، و أنني أرجو منك يا دكتور أن أمكن أن تبين لي ....

Question: [Question One] :Asalam Alikom Wa Rahmatoo Allah Wa Barakatooh,Regardying the book edited by you and entitled : Mawared al Dawlah al Maleiah fe al Mojtam’a alHadeth Mn Wejhata al Nathar al Islameiah.( “state financial resources in the modern society from ....

Question: Assalam-O-Alykum I'd really appreciate if you can guide me in my investment according to Shari’ah / Islamic laws.. I'm planning to invest my money in money market with a brokerage firm, but I don't whether this investment considered Halal (means ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Could you please answer the following question to the best of your knowledge and email me the answer. can bank interest money be spent on buying resources for public schools in UK or other countries ....

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I would like to find out if forex trading with leverage with companies like www.gftforex.com is Halal. please check gftforex.com for details on how they run their forex trading online etc. Jazaak Allahu Khayr.

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I am enrolled in a pension plan where my company matches my dollar contribution every paycheck. The money is then channeled in an investment fund. I want to pay the Zakah due on the money ....