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Question: Bismillah Er Rahman Er Rahim. Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh. 1) I incurred a debt from a Riba based loan during my university studies in excess of 11, 500 USD and also from a credit card that has Riba ....

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

Question: Assalamu Alaikum, I am currently living in the UK and I am planning to go and work in Saudi Arabia in the near future but before I go there I want to buy the house I am living in because ....

Subjects: Housing; Islamic jurisprudence; Purchasing

Question: Assalamu Alaikum, I work for a very large corporation and I want to know, is it permissible to join a trade union in the work place as I have four reservations ? (1) Trade unions tend to be very socialist ....

Subjects: Alcoholic beverages; Islamic jurisprudence

Question: Assalamu Alaikum, I work for a very large corporation and I want to know, is it permissible to join a trade union in the work place as I have four reservations ? (1) Trade unions tend to be very socialist ....

Subjects: Commerce; Islamic jurisprudence; Labour unions

Question: Assalamu Alaikum In Sha Allah this e-mail reach you in highest degree of Iman. I would like to know is it Halal, if I borrow some money from 401 K plan, and when I return my own money to my ....

Subjects: Islamic jurisprudence; Loans; Usury

Question: Assalamu Alaikum If a person needs money to run his business. He does not have any other source of borrowing the money. So he can take the money on interest. If he does not take the money or borrow the ....

Subjects: Business; Loans

Question: As-Salam 'Alaykum Wa Rahmatu Allah, I want to thank the Sheikh that takes time to provides us with answers. And I hope In Sha Allah that Allah (SWT) will grant you paradise. I have a Q concerning taxes that the ....

Subjects: Income tax; Islamic jurisprudence; Payments

Question: Dear Shaikh Assalamu Alaikum Wa Rahmatullah Wa BarakatuhIn fact I just started working at a financial company and a lot of things came to my concern, but mainly two things and they are as follow : 1. Is life insurance ....

Subjects: Insurance policies; Islamic jurisprudence; Life insurance

Question: Assalamu Alaykum, I work in retail store which is part of federated company. Other part of this company does finance that is involves in Riba. Is my earning gets any kind of Haram portion of this company ? Jazakumullah.Notes : ....

Subjects: Corporations; Islamic jurisprudence; Usury

Question: Asalamou Alaikoum, I know that Riba is Haram, but in European countries, Imams said that you can for example buy a house with Riba for personal use that means when you buy a house, you cannot rent a part of your house (apartment)...Jazak Allah..

Subjects: Europe; Housing; Islamic jurisprudence; Purchasing

Question: Al Salam Alaikum : this is a brother living in Canada. I have a question that mostMuslims in non-Muslim countries have trouble with. I have been married for two and a half years. My dream with my wife is to ....

Subjects: Dwellings; Financing; Islamic jurisprudence; Purchasing

Question: In the name of Allah, most gracious, most merciful. All praise and thanks are due to Allah, and peace and blessings be upon his messenger. Dear brother in Islam, I wish to ask a few questions : 1. I want ....

Subjects: Financial markets; Investments

Question: Assalamualaikum, I am not sure about a few things all having to do with Interest, I live in Canada and am planning to work here after I graduate from university, and from what I see and understand is that most ....

Subjects: Corporations; Islamic jurisprudence; Usury

Question: In the name of Allah, most gracious, most merciful. All praise and thanks are due to Allah, and peace and blessings be upon his messenger. Dear brother in Islam, I wish to ask a few questions : 1. I want ....

Subjects: Indonesia; Islamic jurisprudence; Purchasing

Question: Salamo Alikom. I live temporarily in the United States, and I save my money in a bank, where they add APR to my saving account each three months. I also sometimes use the credit card and they charge me interest. ....

Subjects: Administrative fees; Credit cards; Islamic jurisprudence; Payments; Usury

Question: As-Salamu-Alaikum,Lately I was introduced to business (internet based). The business portal is a website called as "www.quixtar.com". The business works like this : a person would register and become an independent business owner. When he buys stuff (products) from the ....

Subjects: Business; Islamic jurisprudence; Network marketing

Question: Assalamu Alaikum,Dear Dr,If it’s ok to buy a property on interest based mortgage, in what situation is Riba Haram ?Shouldn't we not take Riba or at least discourage Riba ; as our sacrifice in this life (by paying rent instead ....

Subjects: Islamic jurisprudence; Purchasing; Real property; Subprime mortgage; Usury

Question: Alsalam AlikomMy parents are relatively wealthy, but they do not treat me like my sister and my two brothers because God gave me money and high education with a good position. I got married but they did not spent any ....

Subjects: Children; Endowments; Filial piety; Islamic jurisprudence

Question: In European countries, you can get the so-called Visa or Master card. It can be used for paying in shops, but if it's used to withdraw money from cash points, there would be a charge of 1.5 % (i.e. when ....

Subjects: Banking services; Credit cards

Question: I am a businessman situated in India. I have recently constructed a small building for commercial purposes which I intend to rent / lease out to some good company / firms. I have been approached by Citibank and American Express ....

Subjects: Automated tellers; Banks; Islamic jurisprudence; Rent

Question: Assalamu Alaykum, I've been entrusted with some money by a brother, which he told me to look after it while he was indisposed (he gave it to me to look after it). He told me to invest it if I ....

Subjects: Confidence; Islamic jurisprudence; Treason

Question: Assalamu Alaikum. I have a question about the Islamic banking system. I was reading about an Islamic bank in my area that gives loans for houses and cars yet they don’t ask for any interest in return. And the savings ....

Subjects: Financing; Islamic Banks; Profits

Question: Is it permitted to work as a financial controller in a company, which has a (Halal) core business ? What is confusing me is that even if the company's core business is Halal, however, part of the financial controller duties ....

Subjects: Accounting; Corporations; Finance; Islamic jurisprudence; Management

Question: Has anyone done work on estate planning in the USA. This would include preparing legal documents on inheritance and use of money. I am aware of the Islamic will prepared by ISNA which does not get into legal advices or ....

Subjects: Estate planning; Waqf

Question: I've been involved in a company called qold quest. What it does is selling a golden coin to their customers with about $ 400 which is half the price of the coin, then I work as seller for that company ....

Subjects: Banks; Gold; Islamic jurisprudence; Sales; Silver

Question: Assalamu AlaikumI work for a corporation which offers a 401 K. I only have 9 mutual funds to choose from and one option which pays a fixed rate of interest.1. If I put money into the fixed account, could I ....

Subjects: Financial markets; Islamic jurisprudence; Mutual funds

Question: Why is investing in the stock exchange allowed in Islam but gambling is not ?.

Subjects: Gambling; Investments; Islamic jurisprudence; Stocks

Question: I would like to build a clinic in a Muslim country. I don't have enough money to buy essential equipments and the only way to do that is to take a mortgage within the same country and I have to ....

Subjects: Islamic jurisprudence; Loans; Medical instruments and apparatus; Usury

Question: It is the practice of many of the banks in my country to offer an interest free overdraft to students as an incentive to open a bank account with them. Could you advise as to what the position of the ....

Subjects: Bank accounts; Overdrafts

Question: General, short : someone may say that Riba was prohibited to prevent usurping of the poor by the rich. If the claimed "Islamic" solutions to home financing are much more expensive than mortgage, wouldn't that be against the wisdom of ....

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

By: al-Suwaylim, Sami Bin Ibrahim; Kia, Amir. Journal of King Abdulaziz University : Islamic Economics. Vol. 13, no. 1 (Dec. 2001), pp.61-62, 2 p.

Subjects: Banks; Islamic jurisprudence; Financial markets; Financing; Islam

By: Kagigi, Khalid Ali. Journal of Economic Research. Vol. 12, no. 1-2 (2001), pp.1-21, 21 p.

Subjects: Investments; Iran; Management; Banks; Financing

By: Ali, Shamshir; Hasanuzzaman, S. M.. Journal of King Abdulaziz University : Islamic Economics. Vol. 13, no. 1 (Dec. 2001), pp.65-69, 5 p.

Subjects: Financing; Islam; Islamic economics; Jurisprudential rules

By: Kia, Amir. Journal of King Abdulaziz University : Islamic Economics. Vol. 13, no. 1 (Dec. 2001), pp.31-49, 19 p.

Subjects: Banks; Foundations of Islamic jurisprudence; Investments; Prices; Islam

By: Naqawi, Sayyid Nawwab Haydar; Qadir, Asghar. Journal of King Abdulaziz University : Islamic Economics. Vol. 13, no. 1 (Dec. 2001), pp.53-59, 7 p.

Subjects: Economic development; Economics; Ethics; Islam; Sustainable development

By: Siddiqi, Shamim Ahmad. Journal of King Abdulaziz University : Islamic Economics. Vol. 13, no. 1 (Dec. 2001), pp.3-27, 25 p.

Subjects: Economics; Islam; Islamic economics; Political aspects; Political science

By: al-Haydari, Ahmad Bin Umar. Journal of King Abdulaziz University : Education Sciences. Vol. 14, no. 1 (2001), pp.107-131, 25 p.

Subjects: History; Literature; United Kingdom

By: Ahmad, Habib. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2001; , 48 p.

Subjects: Exchange rates; Fiscal stability; Islamic economics

By: Bin Jilali, Bualim. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2001; pp.1-70, 70 p.

By: Khan, Tariq Allah; Ahmad, Habib. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2001; pp.1-185, 185 p.

Subjects: Financial institutions; Islamic jurisprudence; Investments; Islam; Management

By: al-Jarhi, Mabid Ali Muhammad Mahmud; Iqbal, Munawwir. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2001; pp.1-77, 77 p.

Subjects: Islam; Islamic jurisprudence; Questions and answers; Ruling in Islam; ٌLeasing

By: Gulaid, Mahmud A.. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2001; pp.1-56, 56 p.

Subjects: Agricultural land; Alms tax; Earth (Planet); Possession (Law)

By: Ahmad, Uthman Babakr. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2001; , 95 p.

Subjects: Bonds; Derivative securities; Financing; Investments; Markets

By: Ahmad, Uthman Babakr. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2001; , 60 p.

Subjects: Islamic Banks; Money; Stocks

Question: Assalamu Alaikum Wa Rahmatullahi Wa BarakatuhDearest Shaikh Monzer,My name is Musab and I write to you from Tampa, Florida. InShaAllah you receive this letter and you and your family are all in good health and Iman.Recently, I was introduced to ....

Subjects: Dwellings; Financing; Islamic jurisprudence; Purchasing; Subprime mortgage

By: Chapra, Muhammad Umar. Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI),; 31-December -2001; pp.1-71, 71 p.

Subjects: Islamic economics; Comparative economics; Economics; Macroeconomics; Microeconomics

Question: Assalamu Alaikum I have a few questions. I did look through the Fatwa bank but did not find answers to my questions there. 1-I understand the division of property when a man dies and leaves parents, children and a wife. ....

Subjects: Children; Incubation; Inheritance; Real property

Question: Bismialah Arahman Araheim, Asalamu Alaikum Wa Rahmatulahi Wa Barakatuh, I recently began selling things on eBay, an internet auction site(http://www.ebay.com). None of the transactions I make involve interest. I do not accept any nor pay with any. I do not ....

Subjects: Auctions; Contracts; Electronic commerce; Islamic jurisprudence; Sales

Question: Assalamu Alaikum, here is the situation : 2 years ago I financed a house with interest. I recently found out that I can go through the Islamic bank. The Islamic bank requires 20 % down of the value of the ....

Subjects: Architecture; Contracts; Islamic jurisprudence; Property; Stocks

Question: Can we have car insurance for all the risks, or just the obligatory car insurance ?.

Subjects: Insurance; Islamic jurisprudence; Risk management; Vehicles