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Subjects: Banks; Financial transactions; Interest; Islamic jurisprudence; Usury

Question: فضيلة الشيخ المكرم الأستاذ الدكتور منذر قحفالسلام عليكم و رحمة الله و بركاتهأسأل الله أن يتقبل منا و منكم الصيام و القيام، و أرجو أن تكون في تمام الصحة و العافية، فضيلة الشيخ وجه إلي سؤال حول مسألة فيما إذا ....

Subjects: Installment sales; Islamic jurisprudence; Loans; Usury

Question: Salam Alaykum Dr. Kahf, Ramadan Mubarak. I've really enjoyed the last time you visited us here in the Netherlands at Leiden University and hope you will visit us soon again In Sha Allah.I've had a discussion with a brother on ....

Subjects: Commodities; Forward buying; Payments; Prices

Question: I would like to know whether it is allowed to teach economics, or banking in which interest and capitalist form is promoted. Secondly, please advise on what career I can pursue with the degree of economics..

Subjects: Usury

Question: Dear SirAssalamu Alaykum Wa Rahmatullah.I hereby request you to give me your opinion regarding the following. We are living in Dubai and we have set up a charitable organization in our country in India to help the poor. This is ....

Subjects: Charities

Question: Assalamu-Alaikum Dr. Monzer,Thank you for your speedy response to my email. I did try calling at your son’s residence however I think you may have been out. I needed some advice from you regarding purchasing a car. I have an ....

Subjects: Automobiles; Purchasing; Usury

Question: Assalamu Alaykum,I am currently working with a bank in UAE which is totally Islamic Alhamdulillah.Almost 4.6 years in bank, but there is no increment from past 4 years to entire staff as we are a loss making bank. Recently my ....

Subjects: Banking services; Banks; Income; Islamic Banks

Question: -.

Subjects: Debt repayment; Islamic jurisprudence; Loans; Usury

Question: -.

Subjects: Accountants; Islamic jurisprudence; Usury

Question: I intend to purchase a property for my business use for which I intend to borrow the money from my own pension funds.I have a self-administered pension scheme to which I and my partners contribute, the scheme allows us to ....

Subjects: Islamic jurisprudence; Loans; Purchasing; Real property; Usury

Question: I intend to purchase a property for my business use for which I intend to borrow the money from my own pension funds.I have a self-administered pension scheme to which I and my partners contribute, the scheme allows us to ....

Subjects: Loans; Usury

Question: I intend to purchase a property for my business use for which I intend to borrow the money from my own pension funds.I have a self-administered pension scheme to which I and my partners contribute, the scheme allows us to ....

Subjects: Islamic jurisprudence; Loans; Purchasing; Real property; Usury

Question: I intend to purchase a property for my business use for which I intend to borrow the money from my own pension funds.I have a self-administered pension scheme to which I and my partners contribute, the scheme allows us to ....

Subjects: Islamic jurisprudence; Loans; Pensions; Usury

Question: My husband owns a few homes that he owns and rents out. He has a mortgage on all these houses and writes off the interest at the end of the year. So, it's not accounted for. Is the interest still considered Haram ?.

Subjects: Islamic jurisprudence; Subprime mortgage; Usury; ٌLeasing

Question: I have an RRSP (registered retirement saving plan), an RESP (registered education saving plan) a tax free saving plan and a saving account. All of them are secure investments with CIBC for a fixed interest rate because I don’t want ....

Subjects: Investments; Islamic jurisprudence; Taxes; Usury

Question: I have a regular bank account in Canada and the bank gives me interest automatically. I love money, and the amount is a lot for me. Is the interest that is given to me by the bank Haram for me ....

Subjects: Islamic jurisprudence; Usury

Question: I went to a car dealer and I wanted to buy a car with 0 % financing but the dealer said since the car I want can't go with 0 % financing, they will finance the car and will pay ....

Subjects: Automobiles; Islamic jurisprudence; Purchasing; Usury

Question: -.

Subjects: Islamic jurisprudence; Loans; Real property; Usury

Question: As-Salamu `Alaykum.I have bank account that pays interest and I take the amount they pay me and donate it knowing there is no reward. My questions are : 1-Can I donate it to a Muslim friend / family who is ....

Subjects: Donations; Islamic jurisprudence; Usury

Question: Shakeel As-Salamu `Alaykum. Can I pay my bank interest to needy Muslims or to my local Masjid for their operating fund ? Jazaka Allah.

Subjects: Islamic jurisprudence; Usury

Question: As-salamu `Alaykum Dr. Monzer1) If a person has some savings and tends to deal with an Islamic bank, is he accountable if this bank turns out to be similar to traditional banks in dealing with interest rates rather than real ....

Subjects: Islamic Banks; Islamic jurisprudence; Savings; Usury

Question: What part of a Guaranteed Investment Certificate is Haram ? My questions are about purifying myself because of my investments.I have money in a GIC (guaranteed investment certificate) which focuses on blue chip companies : There portfolio breakdown is as ....

Subjects: Bonds; Hedge (Finance); Investments; Islamic jurisprudence; Taboos

Question: It is permissible to impose a fine in case of client’s default in paying Installments ?.

Subjects: Financial transactions; Installment sales; Islamic Banks; Islamic jurisprudence; Usury

Question: Is tawarruq permissible under Shari’a ?.

Subjects: Financial transactions; Islamic jurisprudence; Tawarruq; Usury

Question: Is there any difference between the credit cards in the Islamic banks and the traditional banks ?.

Subjects: Banks; Credit cards; Financial transactions; Islamic Banks

Question: What is the difference between the saving accounts in the Islamic banks and those in the traditional banks ?.

Subjects: Financial transactions; Islamic jurisprudence; Loans; Money; Speculation

By: Abd al-Khayr, Muhammad Fayruz. ISRA International Journal of Islamic Finance. Vol. 3, no. 2 (Dec. 2011), pp.151-157, 7 p.

Subjects: Jurisprudential conditioning; Loans; Microfinance; Mortgages; Products

By: Ho, Catherine S. F.; Abd al-Rahman, Nurul Afiqah; Yusuf, Nur Hafizah Muhammad…[et al.]. ISRA International Journal of Islamic Finance. Vol. 3, no. 2 (Dec. 2011), pp.91-110, 20 p.

Subjects: Debts; Financing; Interest; Investments; Liquidity (Economics)

Question: Aselamu Alaykum We Rahmatullah We berekatuhIn Ethiopia, the government has designed a housing system for the poor and middle income citizens. The government sells houses in 15 to 30 % pre-payment and the remaining cost is paid in monthly basis ....

Subjects: Housing; Usury

Question: Bismillah al Rahman al RahimAlhamdu Lillahi Rabb al Alamin, Wa al Salatu Wa al Salam Ala Sayyidina Muhammad, Wa Ala Aalihi Wa Sahbihi Ajma'inDear Br.A car company charges £ 32995 for a car. Their finance department facilitates payment by offering ....

Subjects: Islamic jurisprudence; Usury

Question: Bismillah al Rahman al RahimAlhamdu Lillahi Rabb al Alamin, Wa al Salatu Wa al Salam Ala Sayyidina Muhammad, Wa Ala Aalihi Wa Sahbihi Ajma'inDear Br.Respected scholars, Assalamu-U-Alaykum. I want to know whether it is permissible to borrow money for investments. ....

Subjects: Bank loans; Investments; Islamic jurisprudence; Usury

Question: Dear Br MonzerA conventional commercial bank has offered a person to take his property on rent for installation of an ATM. Please guide whether the Shari’ah allows this place to be rented out to the bank for the purpose of installing an ATM over there.WassalamTariq.

Subjects: Automated tellers

Question: Am I responsible if my wife engages in interest-based activities ? I understand that Riba is a very serious and major sin.I have been Muslim for four years and am looking to marry a sister Insha’Allah. But I just found ....

Subjects: Islamic jurisprudence; Responsibility; Usury

Question: Assalamu Alaykum Wa Rahmatu Allah.At first I want to tell you that I love you for the sake of Allah.I am a retailer and I have some questions regarding the retail business dealings.1) As a retailer I do accept payment ....

Subjects: Discount; Islamic jurisprudence; Retail trade; United States; Usury

Question: Salam Alaykum,I would like to ask you the following : I converted to Islam 3 years ago. My non-Muslim parents opened an account on my name when I was still a child. I didn't put any money on it. It ....

Subjects: Dhimmies; Islamic jurisprudence; Usury

Question: Salam Alaykum Brother Monzer,Last year I leased a car from VW and before I leased it I asked a local brother who has some knowledge and he said as long as the lease contract does not contain any interest it ....

Subjects: Automobiles; Punishment; Usury; ٌLeasing

Question: Salam Dr. Kahf.Would you please clarify on thing for me regarding Shari’ah compliance ? I have an internal struggle and confusion.If an Islamic financial institute gives you a loan for a purchase of property but they borrowed the money from ....

Subjects: Financing; Islamic jurisprudence; Islamic law; Usury

Question: Salam Dr. Kahf.Would you please clarify one thing for me regarding Shari’ah compliance ? I have an internal struggle and confusion. If an Islamic financial institute gives you a loan for a purchased property but they borrows the money from ....

Question: Assalamu Alaikum Br MonzerRamadan Kareem !An Islamic Bank in Mauritius will be disposing of the interest earned on deposits with the government to charity. The intended beneficiaries will be Muslim organizations among others. What is your opinion on this issue ....

Subjects: Money; Organizations; Usury; Wages

Question: I recently got a new visa got that gives me discounts and benefits when I use it. The penalty for not paying the balance on the visa card is around $ 5... that is if you don't pay by the ....

Subjects: Credit cards; Islamic jurisprudence; Usury

Question: Assalam Alaykum Dr KahfA couple of questions regarding interest.1) I have invested in post office certificate (Government of India) to save on taxes and after its maturity I will be earning interest on these saving certificates. Can I use this ....

Subjects: Islamic jurisprudence; Taxes; Usury

Question: Dear Prof.Dr.Monzer Kahf,Assalamu Alaikum SheikhMy question is,In my savings account the bank add interest every month.Can I use this interest money to help one of my relative, who owes interest based debts...And should I want to tell that person that it’s interest money ?Jazakallah KhairRegardsRizna.

Subjects: Banks; Interest; Islamic jurisprudence; Money; Usury

Question: Salam dearest Dr. Monzer,Could you kindly reply to this question ?As-Salamu `Alaykum. I am living in Sri Lanka which is a non-Muslim country where Muslims make up almost 8 % of the total population of 22.3 million. In Sri Lanka ....

Subjects: Business; Employees; Loans

Question: Dear Br. Kahf,I hope you are doing well. I have a question re : leasing a car. Is it permissible in Islam. When I talk to the dealers about leasing they quote a certain money factor and the usual company ....

Subjects: Automobiles; Usury; ٌLeasing

Question: [Question one] :Asalamu Alaykum Br.Riba is Haram in Shari’ah. But I have heard certain people arguing that interest on money is like rent on one’s property.Their argument is that if rent on any property whether residential / commercial or industrial ....

Subjects: Islamic jurisprudence; Usury; Wages

Question: Dear Sir,I've a doubt regarding a renting out the property to a Riba based organization such as bank, is it Halal to give a property on rent to such institutions ?Regards,Sameer.

Subjects: Banks; Ownership; ٌLeasing

Question: AS-Salaamu Alaikum Warah'matul-Laahi WabarakaatuhuuMay Allah bless you, your family, and loved ones ? May Allah bless you in your efforts ? My consultancy work means that I am approached by companies wanting to work with the government. In most instances, ....

Subjects: Banks; Ownership; ٌLeasing

By: Umar, Muhammad Nur. ISRA International Journal of Islamic Finance. Vol. 3, no. 1 (Jun. 2011), pp.161-167, 7 p.

Subjects: Derivative securities; Islam; Islamic World; Money; Ruling in Islam

By: Shabana, Hasan; Hashim, Ashraf Bin Mohammed; Husayn, Luqman al-Hakim. ISRA International Journal of Islamic Finance. Vol. 3, no. 1 (Jun. 2011), pp.125-133, 9 p.

Subjects: Compensation (Law); Costs; Financing

By: Hasan, Zubayr. ISRA International Journal of Islamic Finance. Vol. 3, no. 1 (Jun. 2011), pp.7-24, 18 p.

Subjects: Financing; Housing; Installment sales; Transactions