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   (1851 - 1900 of 24240)
Fatawa

What to do with earned interest ? : use of interest money : [7]

Question: Assalamu Alaikum A mufti and an Imam when asked by my husband about the interest gained on money deposited in bank, both said that this interest could be used to pay telephone bills, to pave the toilet, erect walls, buy ....

Subjects: Banks; Interest; Islamic jurisprudence; Usury

Fatawa

What to do with earned interest ? : use of interest money : [4]

Question: Assalamualaikum A mufti and an Imam when asked by my husband about the interest gained on money deposited in bank, both said that this interest could be used to pay telephone bills, pave the toilet, erect walls, buy telephone cards. ....

Subjects: Islamic jurisprudence; Money; Usury

Fatawa

Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life insurance

Question: What is the Islamic view on setting up a life cover contract in order to protect the welfare of my wife and children after my death ? In addition, inheritance tax is payable at the rate of 40 % on ....

Subjects: Insurance; Insurance policies

Fatawa

In leasing who pays for insurance ? : insurance of leased cars

Question: Assalamou Aalaykou Wa Rahmato Allah I want to ask you about leasing to particulars, I intend to buy a car this way, the car would be registered with my name, and I should take care if it as if it ....

Subjects: Landlords and tenants

Fatawa

Working in brokerage firms : stock broker in a firm owned by a bank

Question: Assalamu Alaikum Warahmatullah Dear respected scholars, I'm currently working in a stock broker, and my responsible is to do with funding such as wires, checks, and approving stock's shares for delivering to another broker. However, the firm that I worked ....

Subjects: Banks; Corporations; Islamic jurisprudence; Labour; Stocks

Fatawa

Insurance on Muslims and Islamic properties in India, the USA and other western countries : life and property insurance in India

Question: Assalamu Alaikum first I would like to thank Islam on line for the great service to the Ummah and particularly younger generation. My question to Monzer Kahf because his Fatwa on insurance is the most consistent. I’m in India today ....

Subjects: India; Insurance; Islamic jurisprudence; Life insurance; Property

Fatawa

Working in firms that produces sells prohibited items not as main line of business : working in a gas station that sells lottery

Question: Is working in a gas station which sells tobacco and lottery Haram or Halal ? I will be selling to non-Muslims in a non-Muslim country I will be just an employee in the gas station, I do not own it. Thank you.

Subjects: Filling stations; Islamic jurisprudence; Labour; Lotteries; Sales

Fatawa

Islamic banks may issue credit cards

Question: In what sense credit cards are Halal, while you take money as a credit from a Riba based bank, even though you pay them in full (so called grace period), while Islam forbade involvement of a third person in a ....

Subjects: Islamic Banks; Credit cards; Islamic jurisprudence

Fatawa

Profit distributed by Islamic banks

Question: The interest given by banks on the deposited amount, is it Riba and unlawful in Islam ? .

Subjects: Bank deposits; Islamic Banks

Fatawa

Insurance on Muslims and Islamic properties in India, the USA and other western countries : insurance on mosques and Islamic centers in the USA

Question: The Muslim community of Bay Shore, Long Island, New York wishes to know whether it is lawful to take out insurance on a mosque. This question arose because we are in the process of completing our mosque, which was under ....

Subjects: Muslims

Fatawa

Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life insurance on the bread earner

Question: I am confused about life insurance policy do you think a man in my age [43] have three kids the oldest in fifth grade. Banks own me a lot of money last two weeks I have had health problems. Do ....

Subjects: Life insurance

Fatawa

Buying share, stocks and mutual funds : investment in a mutual fund for children college education

Question: Assalamu Alaikum Brother,My name is Yusuf and I saw you when you visited us at the ISB Masjid in Cambridge, Massachusetts. I am sorry I can't remember your name.Brother I have a question regarding making investment for college for your ....

Subjects: Education; Investments; Islamic jurisprudence; Mutual funds

Fatawa

Working in the mortgage system : setting an interest-free mortgage company

Question: Assalamu Alaikum, I have been thinking to set-up a company where I can provide interest free mortgages to Muslim Ummah. I have spoken to some people and they tell me it will only work if you buy a house for ....

Subjects: Corporations; Islamic jurisprudence; Labour; Subprime mortgage; Usury

Fatawa

What to do with earned interest ? : using interest to pay interest : [1]

Question: Assalamu Alaikum may al-might Allah reward you for your nice guidance to questioners. My brother in-law has taken loan from bank and he has to pay interest on his bank loan. In the meantime I have interest money in my ....

Subjects: Islamic jurisprudence; Payments; Usury; Wages

Fatawa

Excuses for interest deals : buying a mosque with interest

Question: Dear brother, Assalamu Alaikum. We live in usa and bought a place for mosque foe one million Dollar with 400000.00 in advance and 600000.00 in installments. We also make agreement each month we will pay him 7 % interest on ....

Subjects: Deals; Islamic jurisprudence; Mosques; Purchasing; Usury

Fatawa

Financing house purchase in the west : buying a house in Australia

Question: I am a Muslim Alhamdu Li Allah, living in Australia. I have asked a few Muslim sheiks here in my area in regards to borrowing money from the bank for my first house. There seems to be great debate as ....

Subjects: Australia; Housing; Islamic jurisprudence; Purchasing

Fatawa

Is interest a compensation of inflation ?

Question: Assalamu Alaykum, My question is regarding "Reba" and bank interest "Fawayed". I heard these following opinions and would like to know the Islam opinion regarding them. Mainly they are trying to prove that Bank interest are not the "Reba" mentioned ....

Subjects: Banks; Compensation (Law); Inflation (Finance); Interest; Usury

Fatawa

Financing house purchase in the west : buying a house in France : [1]

Question: To Youssef Qardawi only please, we live in a small town in France. We have been living in a 3 bedroom house (3 children and 2 adults) which we pay (rent) 1200 francs a month. Recently we bought a land ....

Subjects: France; Housing; Islamic jurisprudence; Purchasing

Fatawa

Gifts in life time versus inheritance : gifts in life time and inheritance

Question: Assalamu Alaikum, my father in law left behind him, wife, 2 sons and three daughters.During his life time he accumulated lot of property. All of his children were married in his life time. To his daughters he gave two houses, ....

Subjects: Endowments; Inheritance; Real property

Fatawa

Studying and working in the other financial firms and the financial sector : working in a credit card company

Question: Assalam-O-Ailakum Warahmatullah-e-Wabarakatuhu, I have two questions. 1) Is it Haram to work in a credit card company ? even though a person is working as a programmer and his / her job has nothing to do with the interest ? ....

Subjects: Corporations; Credit cards; Islamic jurisprudence

Fatawa

What to do with earned interest ? : what to do with interest money : [2]

Question: I have a bank account that gives me a regular interest of 8 % annually, I would like to get rid of this interest. What are the proper ways to spend it ?.

Subjects: Interest; Islamic jurisprudence; Money; Wages

Fatawa

Accepting insurance proceeds : accepting insurance proceeds from a contract bought by employer

Question: One of my friends had died by accident from UAE while he was working on his company. Company has taken life insurance for him according to law of U.A.E. this insurance amount is already sanctioned. But our problem is this ....

Subjects: Commercial companies; Insurance

Fatawa

Prizes given to contestants and students : prizes given to contestants

Question: Assalamu 'Alaikum. Dear knowledgeable scholar of Islam, In the UK and Ireland television, there is the famous TV game called who wants to be a Millionaire ? It consists of 15 challenging questions to a contestant, each time a contestant ....

Subjects: Awards; Contests; Islamic jurisprudence

Fatawa

Objectives of lottery and gambling : gambling and lottery are forbidden in spite of a good objective

Question: My parents buy lottery tickets because they want the money to help our family financially, for example see to it that my grandmother gets a house and everyone in my family has no debt, etc. They only want to help ....

Subjects: Commodities; Gambling; Islamic jurisprudence; Lotteries; Taboos

Fatawa

Objectives of lottery and gambling : lottery is the same as gambling

Question: Is playing lottery-buying a ticket, expecting a lucky draw lawful ?.

Subjects: Gambling; Islamic jurisprudence; Lotteries

Fatawa

Working in activities that may hurt the interests of the Ummah : importing from a boycott country

Question: Assalamu Alaykum, my question is regarding the Fatwa of boycotting American and Israel product. We are doing business with used computer and at the moment we are only able to find / buy cheap computer in America to be able ....

Subjects: Economic sanctions; Imports; Islamic jurisprudence; Labour; State

Fatawa

Working in insurance companies and as actuary : working in insurance : [1]

Question: Assalamu Alaikum, I have searched your Fatwa bank for rulings on insurance in general and working in them specifically, in the hopes of resolving a major question of mine. I am near the completion of my university degree and I ....

Subjects: Insurance companies; Labour

Fatawa

Buying share, stocks and mutual funds : buying shares

Question: Assalamu Alaykum. What is the Islamic ruling on buying and selling of shares ?NotesRequest an urgent reply may Allah Subhana Wa Ta Ala reward you the best. Wassalamu Alaykum..

Subjects: Islamic jurisprudence; Purchasing; Stocks

Fatawa

Buying share, stocks and mutual funds : investment in mutual funds

Question: First of all I would like to tell you that I currently live in Canada. My question is regarding mutual funds. Here almost all of the mutual funds have some portion (from 1-15 %)of their portfolio invested in cash or ....

Subjects: Investments; Islamic jurisprudence; Mutual funds

Fatawa

Excuses for interest deals : interest loans to fight poverty

Question: Dear Sir, Assalamu Alaikum. I want to know the view of Islam about taking loan from bank. It is to be noted here that for taking loan we've to pay interest to the bank. But without taking loan it is ....

Subjects: Deals; Islamic jurisprudence; Loans; Poverty mitigation; Usury

Fatawa

Alternatives to interest home financing : Buying a house in Canada where the Islamic Housing Cooperative has difficult uncompetitive conditions

Question: Assalamu Alaikum, I'm asking you for a help, will it be Halal for us to borrow money from a normal bank, even thou we have found an Islamic cooperative, which we feel is not the one what will help us ....

Subjects: Competition; Financing; Housing; Islamic jurisprudence; Purchasing

Fatawa

Alternatives to interest home financing : buying a flat in UK

Question: Assalamu Alaikum. I am presently resident in the UK. I am planning to buy a flat for residence In Sha Allah. I found out that there is bank of Kuwait offering Murabahah or Ijarah system as alternatives to interest based ....

Subjects: Dwellings; Financing; Housing; Islamic jurisprudence; Purchasing

Fatawa

Privatization and profit caps : privatization

Question: How does Islam view privatization ?.

Subjects: Islamic jurisprudence; Pensions

Fatawa

Studying insurance and working in insurance companies : working in an insurance company [1]

Question: Assalamu Alaikum, I have searched your Fatwa bank for rulings on insurance in general and working in them specifically, in the hopes of resolving a major question of mine. I am near the completion of my university degree and I ....

Subjects: Insurance; Insurance companies; Labour

Fatawa

Objectives of lottery and gambling : does an educational use of gambling proceeds justify it ?

Question: Can we purchase lottery tickets since the proceeds go to education ? or, is it considered gamboling and not permissible under Islamic Law.

Subjects: Education; Gambling; Islamic jurisprudence; Lotteries

Fatawa

Financing house purchase in the west : buying house in the USA

Question: I am a married person living with my wife and 1 child. I have been in USA for five years, living in apartments and paying rents. Now I am thinking to buy a house for me and my family. I ....

Subjects: Housing; Islamic jurisprudence; Purchasing; United States

Fatawa

Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : fire and accident insurance in Canada

Question: Assalamu Alaikum, I have a specific problem. My 3 year old son is not a fully normal child and as such, has a tendency to create big problems at home due to his over-active energetic behavior. I am afraid that ....

Subjects: Accidents; Canada; Fires

Fatawa

Working in activities that may hurt the interests of the Ummah : working in the defense department

Question: Assalamu Alaikum I would like u to answer my q asap please, I am about to start working with the defense ministry department in the UK engineering field, my q is it allowed for me to work there even though ....

Subjects: Ministry of Defence; Public utilities

Fatawa

Using earned interest in payment of a house : using earned interest in partial payment of price of purchased house

Question: Assalamu Alaikum. Please advise me on the following. I have purchased a home with my savings and did not engage in mortgage. However, I accrued interest in my savings account and I did not separate the interest from the money ....

Subjects: Housing; Islamic jurisprudence; Prices; Purchasing; Wages

Fatawa

Signing credit cards’ contract and using it : use of credit cards and their different transactions

Question: المعاملات باستخدام كارد الفيزا في الشراء و هل هو نوع من الربا لأنني أريد أن أطهر معاملاتي من الربا بعد أن هداني الله و أريد أن أوضح لسيادته أن المعاملات تتم على النحو 1-الشراء من المحلات التجارية 2-سحب مبالغ مالية ....

Subjects: Credit cards; Financial transactions; Installment sales; Islamic Banks; Purchasing

Fatawa

Transactions of conventional and Islamic banks in Egypt

Question: Al Salam Alaykum I’ve read about considering banks interest as Reba. And I’m asking you to give me clear vision on this issue that would help me to make the right decision InShaAllah. Banks in Egypt claims to give varying ....

Subjects: Banks; Islamic Banks; Transactions; Usury

Journal Articles

La dimension ecologique en economie Islamique

By: Traouli, Khalid. Etudes en Economie Islamique. Vol. 2, no. 2 (Apr. 2002), pp.1-19, 19 p.

Subjects: Economic aspects; Environmental aspects; Islamic economics; Islamic jurisprudence; Production

Fatawa

Alternatives to interest : alternative to interest in micro-credit financing

Question: First let me introduce myself Am MSc Economics from International Islamic University, Islamabad. I have been working with Islamic Relief (UK) All the mailing am doing is Unofficial, should not be quoted anywhere Am a part of Neelum valley integrated ....

Subjects: Bank loans; Islamic jurisprudence; Microfinance; Usury

Fatawa

Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life and property insurances

Question: Can u give some information on : 1. Life insurance to cover mortgage, 2. House contents insurance to cover loss and theft, 3. Building insurance to cover loss, damage etc. what is the Islamic stance on these issues given that ....

Subjects: Life insurance; Property

Fatawa

Transactions confused with interest : foreign currency credit cards transaction fee, is it Riba ?

Question: Assalamu Alaikum. When you buy a product from another country ; this obviously involves a different currency. Credit cards allow you to buy in another currency and charge you a "foreign exchange transaction fee" in addition to the corresponding monetary ....

Subjects: Administrative fees; Credit cards; Foreign exchange; Islamic jurisprudence; Usury

Fatawa

Transactions confused with interest : interest and extra repayment of loan

Question: I would like to discuss a matter with you, one of my friend asked money from me and offered to pay me something more than what I will give him, by himself. As I had no intention of asking him ....

Subjects: Debt repayment; Islamic jurisprudence; Loans; Transactions; Usury

Fatawa

Non-interest charges of credit cards : exchange rate in credit cards transactions

Question: As Salaamu Alaikum. When you buy a product from another country, this obviously involves a different currency. Credit cards allow you to buy in another currency and charge you a "foreign exchange transaction fee" in addition to the corresponding monetary ....

Subjects: Administrative fees; Commissions; Credit cards; Exchange rates

Fatawa

Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : comprehensive or liability only car insurance ?

Question: Assalaamu alaikum. The ruling that I have heard concerning taking car insurance is that it is not in general permissible. However in lands such as mine where driving without insurance will lead to prosecution and license suspensions I have heard ....

Subjects: Vehicles

Fatawa

Working in the mortgage system : working as a mortgage broker

Question: Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh !!! I am a recent revert to Islam. Recently, I have begun working as a mortgage broker, (finding loans for home buyers) I don't work directly for the lenders however I get paid based ....

Subjects: Contracts; Dwellings; Financing; Islamic jurisprudence; Loans

Fatawa

Is interest a compensation for inflation ? : is the prohibition of Riba affected by inflation

Question: My question to you is related to Riba. Some people claim that Islam has prohibited Riba not interest. They differentiate it buy saying that interest is charged on normal market and inflation rate on the other hand what Islam has ....

Subjects: Inflation (Finance); Loans; Usury

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