Search Results

Question: Is it permissible for an Islamic bank to issue preferred shares or to invest in a company having preferred shares ?.

Auditors Inc: A. F. Ferguson and company (Karachi, Pakistan)
Source: Annual report 2013.

Subjects: Capital; Financial statements; Investments; Islamic jurisprudence; Management

Auditors Inc: Aziz Halim Khair Choudhury (Dhaka, Bangladesh); UHY Syful Shamsul Alam and Co. (Dhaka, Bangladesh); Howladar Yunus and Co. (Dhaka, Bangladesh)
Source: Annual report 2013.

Subjects: Commercial law; Islamic jurisprudence; Management; Profits; Right to property

Question: To my understanding, Breakdown cover is not allowed due to Gharar. Does the same principle apply to gym membership, in that I am paying a monthly fee when the usage of the service is not known, I may use the ....

Subjects: Athletic clubs; Insurance; Islamic jurisprudence; Perillous saale

Question: An Islamic bank issued a letter of credit (LC) with a usance period of 90 days, with financing through a Murabahah facility for another 90 days. Upon receiving the shipping documents, the bank signed the Murabahah agreement with the customer ....

Auditors Inc: KPMG Lower Gulf Limited (Abu Zaby, United Arab Emirates)
Source: Annual report 2013.

Subjects: Auditing; Islamic jurisprudence; Management; Right to property; Stockholders

Auditors Inc: Hoda Vasi Chowdhury and Co. (Dhaka, Bangladesh)
Source: Annual report 2013.

Subjects: Islamic jurisprudence; Accounting; Auditing; Management; Profits

Question: I have been dishonest when it comes to car insurance for e.g. by claiming on someone else’s, falsifying mileage and driving without insurance. How can I rectify these mistakes ?I used my dad’s break down cover on my car which ....

Subjects: Dishonesty; Insurance; Insurance companies; Vehicles

Question: I have been dishonest when it comes to car insurance for e.g. by claiming on someone else’s, falsifying mileage and driving without insurance. How can I rectify these mistakes ?I used my dad’s break down cover on my car which ....

Subjects: Dishonesty; Insurance; Insurance companies; Islamic jurisprudence

Question: A customer was granted a Salam finance facility by an Islamic bank. In order to guarantee the obligations under the Salam facility, the customer provided post-dated cheques as security in favor of the Islamic bank.Shariah guidance is sought as to ....

Auditors Inc: Ernst and Young (Manama, Bahrain)
Source: Annual report 2013.

Subjects: Accounting; Auditing; Financial institutions; Islamic jurisprudence; Stockholders

Auditors Inc: PricewaterhouseCoopers (Kuala Lumpur, Malaysia)
Source: Annual report 2013.

Subjects: Accountants; Auditing; Financial statements; Islamic jurisprudence; Right to property

Auditors Inc: A. F. Ferguson and company (Karachi, Pakistan)
Source: Annual report : financial statements for the year ended December 31, 2013.

Subjects: Islamic jurisprudence; Banks; Financial transactions; Management; Social responsibility

Question: A trader was appointed by an Islamic bank as an agent to purchase certain goods on behalf of the bank from the local market, with a promise to subsequently buy the same from the bank on deferred Murabahah basis. The ....

Auditors Inc: A. F. Ferguson and company (Karachi, Pakistan)
Source: Annual report 2013.

Subjects: Financial statements; Financial transactions; Islamic jurisprudence; Management; Social responsibility

Auditors Inc: A. F. Ferguson and company (Karachi, Pakistan)
Source: Annual report 2013.

Subjects: Accounting; Islamic jurisprudence; Management; Profits; Social responsibility

Auditors Inc: KPMG Taseer Hadi and company (Karachi, Pakistan)
Source: Annual report 2013.

Subjects: Accounting; Financial statements; Islamic jurisprudence; Management; Profits

By: Hamziyya, Maryam; Kasri, Nur Suhaydah. Global Islamic Economics Magazine. No. 21 (Feb. 2014), pp.46-48, 3 p.

Subjects: Islamic Banks; Islamic jurisprudence; Microfinance; Products

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

Auditors Inc: KPMG Audit Plc (London, United Kingdom)
Source: Annual report and accounts 2013.

Subjects: Accountants; Auditing; Financial statements; Islamic jurisprudence; Professional ethics

Auditors Inc: Ernst and Young (Kuala Lumpur, Malaysia)
Source: Annual Report 2013.

Subjects: Accountants; Accounting; Annual reports; Financial statements; Islamic jurisprudence

Auditors Inc: KPMG (Petaling Jaya, Malaysia)
Source: Annual report 2013.

Subjects: Accounting; Auditing; Financial statements; Islamic jurisprudence; Profits

Question: A customer has approached an Islamic bank seeking a financing facility in order to make a balance payment to the supplier for the goods it has already purchased, by providing 20 % of the amount as a down-payment.The customer is ....

Question: -.

Subjects: Business; Copyright

Auditors Inc: Ernst and Young (Istanbul, Turkey)
Source: Annual report 2013.

Subjects: Accounting; Financial statements; Islamic jurisprudence; Social responsibility; Stockholders

Auditors Inc: Ernst and Young (Manama, Bahrain)
Source: Annual report 2013.

Subjects: Accounting; Commercial law; Financial institutions; Islamic jurisprudence; Right to property

Question: I want to buy some software for my computer for the overall benefit of the charitable organization I work for, is it permissible to ask a colleague who is a student to use his student ID to get the discount, ....

Subjects: Discount; Identification cards; Islamic jurisprudence; Students

Question: When one dies still owing some student loan, it is written off. What is the Islamic perspective on this ? Will we still be held accountable for this in front of Allah ?.

Subjects: Debt repayment; Education; Loans; Students

Question: A Shariah compliant fund manager (the investor) intends to purchase listed shares of a company for investment purposes. The investor requires guidance from its Shariah Board with respect to the applicable criteria to determine the Shariah compliant companies and tradability of shares of such companies..

Question: -.

Subjects: Insurance; Islamic jurisprudence

By: Bin Yusuf, Muhammad. Global Islamic Economics Magazine. No. 20 (Jan. 2014), pp.39-40, 2 p.

Subjects: Alms tax; Income distribution; Investments; Islam

Donor award: Central Bank of Bahrain

Subjects: Islam; Banks; Investments; Islamic jurisprudence; Law

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: Moisseron, Jean Yves; Teulon, Frederic. Journal of King Abdulaziz University : Islamic Economics. Vol. 27, no. 1 (Jan. 2014), pp.128-144, 17 p.

Subjects: Financial crises; Islamic economics; Islamic jurisprudence; Economics; Islam

By: Bin Yusuf, Muhammad Yusri. Journal of King Abdulaziz University : Islamic Economics. Vol. 27, no. 1 (Jan. 2014), pp.106-126, 21 p.

Subjects: Banks; Islamic jurisprudence; Economic development; Islam; Social development

By: Fah, Cheng Fan; Hassani, Abbas. Journal of King Abdulaziz University : Islamic Economics. Vol. 27, no. 1 (Jan. 2014), pp.78-104, 27 p.

Subjects: Banks; Comparative analysis; Economics; Islam; Profits

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

Question: A commercial tower contains a large number of shops occupied by different tenants. A customer has approached an Islamic bank requesting finance to procure the same, with the intention of continuing with the existing tenants..

Donor award: Maybank (Kuala Lumpur, Malaysia)

Subjects: Auditing; Financial institutions; Islamic jurisprudence; Management; Social responsibility

Question: What is the ruling on tax in Islam ; specifically, employment tax ? If I have a job where I am given cash in hand, so that the company can avoid tax, would I also be liable for escaping tax ....

Subjects: Employers; Payments; Tax evasion

Question: What is the ruling on tax in Islam ; specifically, employment tax ? If I have a job where I am given cash in hand, so that the company can avoid tax, would I also be liable for escaping tax ....

Subjects: Income tax; Islamic jurisprudence; Tax evasion; Taxes; United Kingdom

Auditors Inc: Ernst and Young (Cairo, Egypt); Baker Tilly Wahid Abdel Ghaffar and Co. (Cairo, Egypt)
Source: Annual report 2013.

Subjects: Accounting; Auditing; Financial statements; Islam; Islamic jurisprudence

Question: -.

Subjects: Bank deposits; Islamic Banks; Islamic jurisprudence; Speculation

Question: Is my wife’s student loan something that I as the husband should be considering repaying back on her behalf, on the basis that she may not go back into employment ? does the loan become the husband’s responsibility ? What ....

Subjects: Debt repayment; Education; Loans; Students

Donor award: Meezan Bank (Karachi, Pakistan)

Subjects: Islamic Banks; Islamic jurisprudence; Warranty

Question: -.

Subjects: Agency (Law); Contracts; Islamic jurisprudence; Speculation

Donor award: Bank of London and the Middle East (London, United Kingdom)

Subjects: Islamic jurisprudence; Auditing; Career development; Financial statements; Management

Donor award: Bank of Industry and Mine (Tehran, Iran)

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

Donor award: Saman Bank (Tehran, Iran)

Subjects: Banks; Capital; Employees; Finance; Islam