Search Results

Question: An Islamic bank is facing an interesting situation. A customer previously requested financing for the purchase of a vehicle from the bank. The bank had purchased the vehicle from a dealer and sold it to the customer by way of ....

Question: Is it permissible to take out warranties on car repairs and parts, and to what extent ? There is a scheme available, for £ 100 a year, where if any problems with the car, the policy covers both labour and parts..

Subjects: Automobiles; Hedge (Finance); Islamic jurisprudence

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Subjects: Alms tax; Taxes

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Subjects: Alms tax; Islamic jurisprudence; Taxes

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Subjects: Alms tax; Islamic jurisprudence; Taxes

Question: Company A approached an Islamic bank seeking a regular funding line to purchase from time to time certain quantities of raw material from company B, which is the sole distributor in the country for the import and supply of the ....

By: Diria, Abd al-Ghani Husayn Muhammad. Global Islamic Economics Magazine. No. 18 (Nov. 2013), pp.54-56, 3 p.

Subjects: Financial engineering; Islamic Banks

By: Ibn Yusuf, Muhammad. Global Islamic Economics Magazine. No. 18 (Nov. 2013), pp.28-29, 2 p.

Subjects: Islam; Contracts; Derivative securities; Financial transactions; Islamic economics

By: Ahmad, Muhammad Ali Jinnah. Global Islamic Economics Magazine. No. 18 (Nov. 2013), pp.24-25, 2 p.

Subjects: Employees; Financing; Migrant workers; Unemployment

Donor award: The Islamic Corporation for the Insurance of Investment and Export Credit (Jiddah, Saudi Arabia)
Source : Annual Report. Vol. 19, no. 2013 (Nov. 2013), pp.1-64, 64 p.

Subjects: Banks; Finance; Islam; Management; Social responsibility

By: Abu Razeza, Umar Siraj. Awqaf. Vol. 13, no. 25 (Nov. 2013), pp.15-51, 37 p.

By: Bin Mash’aman, Khayr al-Din. Awqaf. Vol. 13, no. 25 (Nov. 2013), pp.97-105, 9 p.

By: F. Masdoor. Awqaf. Vol. 13, no. 25 (Nov. 2013), pp.124-140, 17 p.

Question: Is it permissible to give Zakat al Maal to a charity even if it operates in other countries ?.

Subjects: Alms tax; Charities; Islamic jurisprudence

Question: A customer who had deposited a certain amount for one year in a term deposit account maintained with an Islamic bank, has requested for an early withdrawal of the total amount deposited along with the realized profit.The bank approached the ....

Question: My husband and I have applied to go on hajj this year InshAllah. I was reminded by my husband however that I have not paid back my student loan of £ 9000, which I took out before I got married, ....

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

Question: A benefit book has been proposed to be offered by an Islamic bank to all of its accountholders. The book contains a bulk of coupons for various retail outlets (including eateries) offering ‘buy one get one free’ type discounts.The scheme ....

Question: I would like to know if I am permitted to give Zakat to my younger brother in law. He is only 10 and has not reached maturity. Is it permissible to give Zakat to a minor ?.

Subjects: Alms tax; Islamic jurisprudence

Question: An Islamic bank has sought guidance from its Shariah board on the modus operandi to finance its client’s export orders. It is important to note that for commercial reasons the exports are carried out in the customer’s name, in order ....

Question: A customer engaged in the trading of petroleum products has approached an Islamic bank seeking finance to procure oil. The Islamic bank is considering financing the customer through a Murabahah structure.It is important to note that the modality of procuring ....

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Subjects: Automobiles; Hedge (Finance); Insurance; Islamic jurisprudence; Vehicles

By: al-Bashuti, Ahmad Hasan Ali. Menoufia University, Faculty of Arts Journal. Vol. 24, no. 95 (Oct. 2013), 15 p.

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: Kasri, Nur Suhaydah. Global Islamic Economics Magazine. No. 17 (Oct. 2013), pp.24-25, 2 p.

Subjects: Banks; Commodities; Financing; Islam; Law

By: Ibn Yusuf, Muhammad. Global Islamic Economics Magazine. No. 17 (Oct. 2013), pp.21-23, 3 p.

Subjects: Contracts; Derivative securities; Financial transactions; Islam; ٌLeasing

Donor award: Islamic Financial Services Board (Kuala Lumpur, Malaysia)

Subjects: Islamic Financial Services Board; Malaysia

By: al-Saidi, Abd ali H.. Journal of The Thi Qar Arts. Vol. 3, no. 11 (Oct. 2013), pp.1-13, 13 p.

Question: An Islamic bank has approved for its customer the financing facility for a commercial property on an Islamic financial lease (Ijarah Muntahiya Bittamlik) basis for a period of seven years. Since the customer expects an increase in the property value ....

Question: Under what conditions can a customer of an Islamic bank be authorized to participate in the periodical auctions for heavy vehicles and equipment for which the customer will also require financing ?.

Question: The trade finance department of an Islamic bank is facing an unusual situation in an already executed Murabahah transaction with one of its customers.The background of the transaction is that the customer approached the Islamic bank requesting for a Murabahah ....

Question: Is it permissible to work in the tax department of the HMRC which is likely to have some involvement in interest based transactions ?I enquired from HMRC whether or not throughout the role there is any interest related transactions such ....

Subjects: Financial transactions; Islamic jurisprudence; Taxes

Question: An account holder has approached an Islamic bank seeking finance to settle the debt he has incurred as a result of purchasing a plot of land. He had entered into a purchase agreement with the erstwhile owner of the property ....

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Subjects: Islamic jurisprudence; Labour; Lotteries

Question: A customer has approached an Islamic bank, seeking to transfer his interest-based loan from a conventional bank to an Islamic bank with the desire to shun Riba (interest). The customer had borrowed the amount from conventional bank to acquire a ....

By: Ibrahim, Amal M. A.; Babakr, Yusuf Umar. Journal of Science and Technology : in Humanities. Vol. 14, no. 2 (Sep. 2013), pp.1-9, 9 p.

Subjects: Sudan; Sufism

West Bank Southern Governorates Statistical Yearbook. Palestinian Central Bureau of Statistics (Ramallah, Palestine) Vol. (Sep. 2013), pp.64-64, 1 p.

Subjects: Palestine; Statistics; Mosques

By: al-Zabun, Ahmad Uqlah; al-Smadi, Siham. Jordan Journal of Islamic Studies. Vol. 9, no. 3 (Sep. 2013), pp.477-496, 20 p.

By: Farrukh, Habib; Ahmad, Abu Umar Faruq. Global Islamic Economics Magazine. No. 16 (Sep. 2013), pp.58-59, 2 p.

Subjects: Deeds

By: Abu Zayd, Abd al-Azim Jalal. Global Islamic Economics Magazine. No. 16 (Sep. 2013), pp.55-57, 3 p.

Subjects: Banks; Economic analysis; Financial crises; Financing; Islam

Question: If I own land in a foreign country on which a house is currently being built which will be rented out, is there any Zakat to be paid currently ?.

Subjects: Alms tax; Islamic jurisprudence; Land

By: al-Abid, Badi. Historical Kan Periodical. Vol. 6, no. 21 (Sep. 2013), pp.196-201, 6 p.

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Subjects: Brokerage; Brokers; Islamic jurisprudence

Question: A customer has approached an Islamic bank, seeking finance in order to fulfill the working capital requirements of his business entity. The bank has requested for Shariah guidance on how to provide the customer with working capital finance..

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

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

Question: I gave my Zakat to grandmother abroad to distribute but was told it must be given to an established organisation. Is this correct ?.

Subjects: Alms tax; Distribution (Economic theory); Islamic jurisprudence; Organizations

Question: An Islamic bank has issued a letter of credit which had a usance period of 90 days. The bank also agreed with the customer to finance the import under the letter of credit through Murabahah for a further 90 days ....

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Subjects: Alms tax; Alms tax bestowments; Charities; Poor

Question: The father of a student has approached an Islamic bank seeking finance for his son’s education fees in order to complete a Master’s degree in his chosen subject.The student has been selected by the university based on good grades and ....

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Subjects: Alms tax; Islamic jurisprudence

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Subjects: Inheritance; Islamic jurisprudence; Wills