Search Results

Question: If two or more parties have offered the asking price of a property. The standard process is for the estate agent to enter all interested parties into sealed or un-sealed bids in order to achieve the best possible price for ....

Subjects: Automobiles; Financing; Purchasing; Usury

By: Khalid, Safi Allah; Khandkir, Abd al-Wahhab. Islamic Economic Studies. Vol. 22, no. 1 (May. 2014), pp.217-232, 16 p.

Subjects: Banks; Financing; Islam; Islamic economics; Islamic jurisprudence

Question: Please can you explain if it’s permissible to use interest free finance to purchase a car.Some showrooms let you hire-purchase cars where it’s interest free, with no deposit. There is a scheme for certain company employees that allow the following ....

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

By: Bin Yusuf, Muhammad. Global Islamic Economics Magazine. No. 21 (Feb. 2014), pp.25-26, 2 p.

Subjects: Islamic jurisprudence; Banks; Financial transactions; Islamic economics; Profits

By: Nadvi, Ali Ahmed; Mansuri, Muhammad Tahir. Journal of King Abdulaziz University : Islamic Economics. Vol. 27, no. 1 (Jan. 2014), pp.160-165, 6 p.

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

By: Tahir, Sayyid Muhammad. Journal of King Abdulaziz University : Islamic Economics. Vol. 27, no. 1 (Jan. 2014), pp.41-73, 33 p.

Subjects: Islamic jurisprudence; Usury; Interest

By: Ahmad, Habib; Bin Mahfuz, Said. Journal of King Abdulaziz University : Islamic Economics. Vol. 27, no. 1 (Jan. 2014), pp.4-39, 36 p.

Subjects: Financial institutions; Foundations of Islamic jurisprudence; Islamic economics; Economics; Islam

By: Islahi, Abd al-Azim; Mansuri, Muhammad Tahir. Islamic Economic Studies. Vol. 21, no. 2 (Dec. 2013), pp.109-116, 8 p.

Subjects: Financing; Islam; Commercial law; Contracts; Islamic jurisprudence

By: Rainer, Martin. ISRA International Journal of Islamic Finance. Vol. 5, no. 2 (Dec. 2013), pp.53-81, 29 p.

Subjects: Financing; Forward buying; Inflation (Finance); Interest; Islamic economics

By: Badri, Muhammad Bahruddin. Global Islamic Economics Magazine. No. 17 (Oct. 2013), pp.26-26, 1 p.

Subjects: Capital; Hedge (Finance); Islam; Profits; Usury

By: al-Wazir, Muhammad. al-Masar. Vol. 14, no. 2 (Jun. 2013), pp.3-30, 28 p.

Subjects: Christianity; Interest; Islam; Islamic jurisprudence; Money

By: Shawkat, Mughis. ISRA International Journal of Islamic Finance. Vol. 5, no. 1 (Jun. 2013), pp.163-168, 6 p.

Subjects: Debts; Financing; Islam

By: Dogarawa, Ahmad Bello. ISRA International Journal of Islamic Finance. Vol. 5, no. 1 (Jun. 2013), pp.115-134, 20 p.

Subjects: Central Bank; Nigeria

By: Hasan, Zubayr. ISRA International Journal of Islamic Finance. Vol. 5, no. 1 (Jun. 2013), pp.9-27, 19 p.

Subjects: Housing

Question: Are you allowed to give money to pay off someone’s debt while knowing that part of that is likely to go towards paying off of interest ? The recipient of the financial help is a non-Muslim..

Subjects: Debt repayment; Islamic jurisprudence; Money; Usury

Question: -.

Subjects: Endowments; Money; Usury

Question: -.

Subjects: Islamic jurisprudence; Usury

Question: In principle, if you gift or lend someone some money that person is free to utilize that money in whichever way he / she feels even if you have given it for a stated purpose. The other person is not ....

Subjects: Debt repayment; Islamic jurisprudence; Loans; Usury

Question: -.

Subjects: Education; Islamic jurisprudence; Loans; Students; Usury

Question: Can someone stuck in a Riba-based loan give voluntary charity, or do they need to pay off the Riba-based loan first, given that is a duty, and thereafter resume with giving voluntary charitable donations ?.

Subjects: Loans; Usury

Question: Does Riba only relate to money and food items, or can modern day goods come under this too ? Eg swapping a contemporary item-such as a mobile phone of a lower value for one of a higher value ? .

Subjects: Commodities; Islamic jurisprudence; Mobile phones; Usury

Question: Assalamu Alaykum,I work part time at my college and the program I work under is part of a program called AmeriCorps in which after completing a year's term of work, they offer us an education award of about $ 1200. ....

Subjects: Grants; Islamic jurisprudence; Loans; Usury

Question: Assalam-o-Alaykum,I live in the US and I need your help to clarify certain questions related to financial issues. My question is regarding hedging inflation by taking interest from savings account in a bank.1. What is the concept of inflation in ....

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

Question: [Question one] :Salam Alaikoum dear professor Dr. Monzer,My name is Shu'ayb and through the internet I came in contact with you. It was a pleasure to meet you in Doha for 8th international conference on Islamic economics and finance (December ....

Subjects: Loans; Usury

Question: AL Salaam Alaykum Dr. KahfAlhamdulillah that Allah (swt) blessed you with such vital knowledge and guided you to help Muslims everywhere.Dr. Kahf, I'd like to ask you two questions if I may.1. My father passed away 5 months ago, may ....

Subjects: Inheritance; Islamic jurisprudence; Usury

Question: My case scenario is mention below ; I would like to have an answer to it.I would like to find out that how much Zakah is applicable in the below mentioned scenario.Your reply will be appreciated.My father acquired a loan ....

Subjects: Alms tax

By: al-Badani, Yusuf Adam. Global Islamic Economics Magazine. No. 8 (Jan. 2013), pp.1-1, 1 p.

Subjects: Financial institutions; Islamic epistemology; Transactions; Usury; Wealth

Question: A-Salamu `Alaykum. I am a new revert ; I reverted to Islam a year ago. Recently I came to know that taking interest is Haram. I have an educational loan and I have to pay interest for it after I ....

Subjects: Education; Loans; Usury

Question: From : AitchThere is a government saving center which gives us a monthly return on the money that they take from us. It is a government saving center and it gives a fixed return each month. Is it Halal ?.

Subjects: Bank deposits

Question: From : MuhammadAsalam-O-Alaykum Sir,Problem : how to deal with the amount of interest earned on defense saving certificates previously deposited by parentsBackground :My name is Muhammad Ahmed (27 years). I have two sisters (35 and 37 years, both married). My ....

Subjects: Usury; Wages

Question: From : KhanDear Dr. Monzer Kahf, As-Salamu `Alaykum. Reference to the subject, I want to know if life insurance policy is acceptable or prohibited in Shari`ah law.Kindly answer my question according to the Qur’an and Hadith. Thank you very much.

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

By: Shatti, Muhammad Ali. Etudes en Economie Islamique. Vol. 6, no. 1 (Nov. / Dec. 2012), pp.1-16, 16 p.

Subjects: Banks; Financing; Islam; Islamic jurisprudence; ٌLeasing

By: Mirakhor, Abbas; Krichene, Nur al-Din; Shawkat, Mughees. ISRA International Journal of Islamic Finance. Vol. 4, no. 2 (Dec. 2012), pp.25-52, 28 p.

Subjects: Debts; Financing; Usury

By: Mira, Ahmad Kamil Maydin. ISRA International Journal of Islamic Finance. Vol. 4, no. 2 (Dec. 2012), pp.7-21, 15 p.

Subjects: Banks; Contracts; Housing; Islam; Islamic economics

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: 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: 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: 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: 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: 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: 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: 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: Asalamu Alaykum I have two short questions :My father’s income is 100 % Haram, he bought me and my sister each a house, can I accept this house ? Can I rent it out will the rent be Halal for me ? Thanks..

Subjects: Endowments

Question: Assalamu Alaikum.A belated Eid Mubarak to you. I hope that InShaAllah you are doing well. I would like to know regarding car financing. I am currently in need of a reliable minivan (with 3 young kids) but don’t have much ....

Subjects: Automobiles; Financing; Islamic jurisprudence; Usury

Question: Assalamu Alaykum,I would be thankful I you could guide me.In my previous company every month certain amount is deducted as provided fund and the amount is accumulated in the state provident fund office. Now I received my four years of ....

Subjects: Islamic jurisprudence; Savings; Usury

Question: Dear Dr Monzer,Thank you very much for your visit and workshop in Cincinnati early in Ramadan. Those who attended were very appreciative of your contributions and thankful to your insight.I have a quick question for you and would appreciate your ....

Subjects: Islamic jurisprudence; Pensions; Savings; Usury

Question: [Question one] :Dear Br. Monzer,I have found an offer called 50 / 50 :-50 % of the car value paid upfront-Remaining 50 % paid after 12 or 24 months-If one stays within the agreed timeframe no interest is charged ....

Subjects: Automobiles; Islamic jurisprudence; Payments; Purchasing; Usury