e-Marefa DataBank for Islamic Economics and Finance

Question: From : MunssifAs-Salamu `Alaykum. Sheik, I am writing from Sri Lanka. We have a land in a village area. Still there is no proper road to that land. We want to sell some of the portion from our land. We ....

Subjects: Investments; Loans

Question: Assalamu Alaykum,I have a job with a well-paying salary. I need medical treatment on a condition I have but it will be costly, enough to dent my salary or leave nothing left from each month. I am insured with my ....

Subjects: Employers; Health insurance

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Subjects: Islamic jurisprudence; Life insurance

Question: بسم الله الرحمن الرحيمأعمل في مؤسسة تركية، و المؤسسة تضع أموالها في بنك ربوي، و هو يشغلها في أعماله المختلفة، و كل الموظفين تنزل رواتبهم في حساباتهم المفتوحة في هذا البنك. و هو ملزم بالاتفاق مع المؤسسة بأن يعطي أرباحا ....

Subjects: Banks; Charity; Islamic jurisprudence; Usury; Wages

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Subjects: Islamic Banks; Islamic jurisprudence; Savings accounts; Speculation; Youth

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Subjects: Financing; Islam; Islamic jurisprudence; Shariah censorship; United Kingdom

Question: Dear Dr. Kahf,I am a Masters student at the London School of Economics doing some research into whether Egypt now has an opportunity to create a more socially just economy, possibly based on Islamic principles. I am writing an article ....

Subjects: Economics; Egypt; Islamic economics; Islamic jurisprudence

Question: Can you, please, advise if it is Halal to buy a home with a mortgage ? It seems that a lot of "Islamic mortgages" are the same but with higher interest rates. And the only difference is calling it investment. ....

Subjects: Housing; Islam; Mortgages; Purchasing

Question: As-salamu `Alaykum. I hope this mail finds you in best of Eman and health, InSha’ Allah. Firstly I would like to say Jazaka Allah Khair to onislam.net team for this opportunity. May Allah give us sincerity and steadfastness, Amen.I ....

Subjects: Financing; Islamic jurisprudence

Question: If someone helps someone earn unlawful wealth, will the money also be unlawful for him, or would it be lawful but he’s sinning ?.

Subjects: Financial markets; Islamic jurisprudence

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Subjects: Insurance; Islamic jurisprudence; Vehicles

Question: Salam, Ustazna,Hope you are well. I hope you clarify the answer for this question ; you answered one point, when the daughter dies, what about if the mother died, can her husband inherit her share in her mother’s estate ? ....

Subjects: Inheritance; Islamic jurisprudence

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Subjects: Islamic jurisprudence; Taxicabs; Transport

Question: Can I take medical insurance as part of my salary package ?If an employer gives you a choice between taking some extra cash other than salary or get medical benefits, and one knows that medical benefits / insurance is more ....

Subjects: Deals; Employees; Health insurance; Islamic jurisprudence; Wages

Question: Dear Dr. Kahf,Assalamu Alaikum,I hope this email finds you in best of shape.I am in Venezuela and, if you may, I need your opinion in a complicated business idea whether it is Halal or Haram.First let me give you an ....

Question: Dear Brother AssalamuAlaikum :Hope you are fine. I come up with a question. Please find some time to answer these questions. Situation : provident fund (PF) has two parts, firstly $ 100 is taken from my salary another $ 100 ....

Subjects: Islamic jurisprudence; Savings

Question: Is interest permissible if below the inflation rate ? .

Subjects: Inflation (Finance); Islamic jurisprudence; Mubah; Usury

Question: Huge credit cards debts ?Salam U Alakum Br. Monzer,I hope all is well with you. I wanted to seek your opinion regarding my current financial situation. I have approximately $ 20 K in credit card debts which are on Zero ....

Subjects: Credit cards; Debts; Islamic jurisprudence; Usury

Question: Dear Dr. Monzer, As-Salamu Alaykum Wa Rahmatu Allah WaBarakatuI hope this e-mail finds you in the best of health and Iman.Below is a financial question that I have from our community.Hosam-CanadaI would like your insight into a matter for me. ....

Subjects: Inflation (Finance); Islamic jurisprudence; Loans

Question: Assalamu Alaykum,Dear Dr. Kahf,I am sure you have addressed this issue many times before.I did some research online to finally find a name that can help me. I have 2 questions.1-My husband and I would like to buy a new ....

Subjects: Automobiles; Financing; Housing; Islamic jurisprudence; Usury

Question: [Question one] :Assalamu Alaikum Dr. Monzer,JazakAllahu Khairan for your response to my fiancé in regards to the condo purchase as well as my current position within Finance. I would like to shed a little more light on what I do ....

Subjects: Corporations; Investments; Islamic jurisprudence; Labour

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Subjects: Grants; Islamic jurisprudence; al-Niyyah (Islam)

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Subjects: Administrative fees; Commissions; Gambling; Grants; Islamic jurisprudence

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Subjects: Islamic jurisprudence; Pensions; Severance pay

Question: Is Zakah liable on the employee / employer contributions of a final salary pension scheme ?.

Subjects: Alms tax; Islamic jurisprudence; Pensions

Question: As-Salamo Alaykum. I live in America and got student loans with interest when attending university here. At that time I did not Know that the interest was Haram. Now I have to pay back the loan with interest. Should I ....

Subjects: Banks; Debt repayment; Education; Islamic jurisprudence; Students

Question: Good day Sir, I happened to have a question regarding inheritance.The question goes like this : a man was born by an unbelieving unmarried woman. Later on the man who fathered the child, a Muslim came along and claimed his ....

Subjects: Inheritance; Islamic jurisprudence

Question: My father has just passed away leaving behind a widow and three daughters. Now as we don't have a brother, major part of the inheritance will go to my father's brother who has always created problems for us and did ....

Subjects: Inheritance; Islamic jurisprudence

Question: Assalamualaykum,Hope you are doing well. I have different opinions from different people regarding having own house. Some people say that since you are living in Canada, so you have to follow the same way buying house through mortgage if you ....

Subjects: Housing

Question: Assalamu Alaikum Dr MonzerI hope you are well InShaAllah. Could you please guide me with regards to the following matter ? My father passed away and left an amount of 80000 and as Wassiyyah he informed me and our family ....

Subjects: Islamic jurisprudence; Wills

Question: Meezan Bank's premium banking is a banking proposition for providing specialized shariah compliant banking services to individual customers maintaining single or joint accounts with the bank who meet the criteria set for premium banking. the criteria for premium banking is ....

Subjects: Banks; Debts; Islamic jurisprudence; Pakistan; Stockholders

Question: Dear Dr. Monzer, As-Salamu Alaykum Wa Rahmatu Allah wabarakatu.Eid Mubarak and May Allah accept from you and us all good deeds.If you can please answer the following question I have received from one of my community in Canada.Jazakum Allahu Khayran ....

Subjects: Islamic jurisprudence; Lying; Scholarships

Question: Salaam upon your Dr Kahf,I have read some of your Fatwas but I'm not very sure if I have found the answer to my problem. I wanted to offer a car to my father, but a Halal car without taking ....

Subjects: Automobiles; Usury; ٌLeasing

Question: [Question one] :Assalamu AlaykumI worked in Canada for some time, and my employer deducted 5 % of my salary and matched this deduction, such that when I retire they will give me 2 % for each year I worked, provided ....

Subjects: Islamic jurisprudence; Pensions; Savings; Usury

Question: Assaalaamu Alaykum Dr. Monzer,For the past 5 years, I have worked in the back office of Investment Management at State Street. I had been settling trades, booking trades and covering risk within Collateral Management. Our back office functions related to ....

Question: Hello Mr Kahf,Asalaam Alaykum Wa Rahmatullah Wa Barakatuh !May Allah (S.W.T) bless you with His excellent service In Sha Allah ! I have 2 questions1. What is the ruling regarding working in banking industry ? I have opportunities at ally ....

Question: Baba,Can you answer the questions below from my good friend and neighbor Adam ?Thank you.BaraaQuestion :ASA, Baraa'Fatwa needed.My wife's grandmother-non-Muslim-bought a CD (certificate of deposit) for $ 2000 in her own name (grandmother's name)-that was meant to be gifted for ....

Subjects: Islamic jurisprudence; Usury

Question: Assalamu Alaykum,My name is Ahmed and I am from Sri Lanka. We recently started an “IT Solutions”(Deploying Antivirus, Firewall) company and I am having some concerns regarding the business model we practice here with conventional banks, bribe involved sales and ....

Subjects: Begging; Bribery; Economic sanctions; Islamic jurisprudence

Question: Assaalaamu AlaykumDr. Monzer,I hope you are doing well by the mercy of Allah (swt). I am taking a course at duke titled "Economic History of Islamic Middle East”. I am having hard reconciling the notion that one of the chief ....

Subjects: Islamic jurisprudence; Waqf

Question: Assalaamualaikum brother.This is Sameer in Mauritius. I am an educator and I am also a member of AL Barakah-Multi-purpose co-operative society limited (ABMCS) in which you are a consultant. I read a lot concerning your fatwa on your websites and ....

Subjects: Corporations; Islamic jurisprudence; Mauritius

Question: Assalaamu 3alaykum,I got your email from a tele-presentation you did at the MAS convention 2 years ago. I have three urgent questions :1. My fiancé has a condo that he has a mortgage on and rents out. He plans on ....

Subjects: Income; Rent; Usury

Question: As Salamu Alaikum,I have a question about a potential job offer which I would prefer to be kept confidential. The organization that may offer me a job is an NGO that connects people looking to start up a business with ....

Question: ASAK Dr. KahfMy name is Sumair, forgive me, but I’m being faced with a big test right now, and would be grateful for your guidance. For most of my life I have been taught that conventional insurance (U.S.) is absolutely ....

Subjects: Insurance; Islamic jurisprudence

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Subjects: Alms tax; Islamic jurisprudence

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Subjects: Alms tax; Alms tax bestowments; Payments

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

Subjects: Shariah censorship; Trademarks

Question: Assalamu Alaikum Wa Rahamatullah Wa BarakatuhDear Dr. Monzer,Salam,Do you have any response to the following ISNA critic ?“Has anyone attempted to validate the schedule of Mawarith that is in various versions of ISNA's will document ? I'm not a T ....

Subjects: Inheritance; Islamic jurisprudence; Wills

Question: Assalamu `Alaykum. I am a Sunni Muslim and need to know the exact amount of Zakah to be given. Also, do I have to give Zakah on my personal gold that I use and is it every year or only once ? Please, help..

Subjects: Alms tax; Gold; Islamic jurisprudence

Question: Assalamu Alaykum. I work for an organization that aims to reduce the prevalence of HIV in our country. There are many approaches and ways of fighting HIV but the current one adopted by my organization involves working with homosexuals by ....

Subjects: Aids; Islamic jurisprudence

Question: My question falls under the topic of gambling. Being a Muslim I am completely against the notion of gambling and am conscious of the various forms it is presented to us to provoke temptation I.e. lotteries, pyramids schemes and fruit ....

Subjects: Gambling; Islamic jurisprudence