Search Results

Question: Assalaamu Alaykum Sh. Monzer.InShaAllah all is well.Shaykh, there is a commercial property purchase transaction that I am working on right now. The buyer is a physician and Masha Allah is in good financial standing. He banks with a conventional institution ....

Subjects: Islamic jurisprudence; Partnerships; Resale on profit

Question: [Question one] :Al Salam Alaykum Wa Rahmatu AllahDear Dr. Kahf I hope this email finds you well.I am Zainab Radhi, a law PhD student at the University of Kansas. Most of my research related to Islamic economic System and Finance. ....

Subjects: Islamic jurisprudence; Moral aspects; Usury

Question: [Question one] :Hi Sir,This is just a general question regarding Riba. Let's say a man has 3 wives and 25 children. They are all in a very poor condition. They don't have proper home to live, they don't have proper ....

Subjects: Islamic jurisprudence; Usury

Question: فضيلة الدكتور منذر القحف حفظه اللهالرجاء التكرم بالإجابة على الفتوى التالية و لك مني وافر الشكر و التقدير :السلام عليكم و رحمة الله و بركاتهأرجو منك أن تفيدني بالحكم الشرعي في مسألة المرابحة التالية :شخص صاحب مصنع طلب من شخص ....

Subjects: Goods; Islamic jurisprudence; Purchasing; Resale on profit

Donor award: Alliance Bank Malaysia Berhad (Kuala Lumpur, Malaysia)

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

Auditors Inc: PricewaterhouseCoopers (Kuala Lumpur, Malaysia)
Source: Annual report 2011.

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

Auditors Inc: KPMG Bayat Rayan (Tehran, Iran)
Source: Annual report 2011.

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

Question: Asalamu Alaykum Dr Kahf,We have a question for you that we would appreciate your opinion on.My husband and I recently purchased a home in Southern California. We initially were going to go with an Islamic based home financing program in ....

Subjects: Administrative fees; Commissions

Question: Alaykum Sh. Monzer,In sha’Allah T’allah all is well with you and the family. What is your opinion on internet website being an asset-class ? one can own websites, such as domains, and information that is made available on the website. ....

Subjects: Foundations of Islamic jurisprudence; Web sites

Question: As-Salmu `Alaykum. In a Muslim country which has a non-Muslim population like Egypt, would the collection of Zakah at the same rate of 2.5 % of annual savings apply only to Muslims ? What about needy Christian citizens ? Should ....

Subjects: Alms tax; Dhimmies; Islamic jurisprudence

Question: What happens if the state collects Zakah in the case of someone who helps his needy distant relatives by paying them part of his Zakah ? Should he pay the state the full Zakah amount then the state would pay ....

Subjects: Alms tax; Islamic jurisprudence

Question: Salam Dear Professor,Is it allowed to donate for the Egyptian stock to protect it ?.

Subjects: Egypt; Islamic jurisprudence; Stocks

Question: Salam Alaykum, dear scholar,I'm a trader. My shop, on top of which is my house, with my very next neighbor's shop form a complete apartment. He is intending to sell his share. If any other one bought this share, he ....

Subjects: Islamic jurisprudence; Loans

Donor award: Mashreq al-Islami (Dubai, United Arab Emirates). Sharia'h Supervisory Board

Subjects: Contracts; Resale on profit

Question: I want to borrow money from someone and use that money to build houses, then I plan to sell some of the houses and rent the others out. the thing is the person I want to borrow the money from ....

Subjects: Building materials; Islamic jurisprudence; Loans

Question: What is the ruling on borrowing money from someone when their money is a mixture of Halal and Haram money ? Is it only allowed if the Halal money is more than the Haram, or is it permitted to borrow ....

Subjects: Islamic jurisprudence; Loans

Auditors Inc: Ernst and Young (Kuala Lumpur, Malaysia)
Source: Annual report 2011.

Subjects: Accountants; Accounting; Annual reports; Auditing; Islamic jurisprudence

Question: Dear Br. Dr. Monzer,Assalamu alaikumI wanted to ask you a question about trusts and faraid. When a Muslim creates a trust (not on his deathbed) with his assets / properties, he is basically giving away his assets to the trust ....

Subjects: Confidence; Inheritance

Auditors Inc: KPMG Bayat Rayan (Tehran, Iran)
Source: Annual report and financial statements 2011.

Subjects: Auditing; Financial statements; Income tax; Islamic jurisprudence; Stockholders

Donor award: al-Baraka Bank Limited (Durban, South Africa)

Subjects: Banks; Interest; Ownership; Sudan; Usury

Question: Assalaamu Alaykum WRB Sh. Monzer;I pray that all is fine and well with you and the family, InSha’Allah.I had a question in regards Mudarabah partnership :If the Rabb-Ul-Mal is interested in partnering in an existing operation / business. However, the ....

Question: Dearest Dr. Monzer,I pray to Allah that this email finds you and your family in the best state of Iman and health.Could you kindly reply to the following question ?Providing a source of credit while Riba is Haram :As-Salam 'Alaykum. ....

Subjects: Bank loans; Financing

Question: Dear Sir,I am a student at the University of Toronto. I am taking OSAP (Ontario Student Association Program). It is an organization which provides financial assistance to students by giving them loan. I would have to start making monthly payments ....

Subjects: Education; Financing; Islam; Islamic jurisprudence; Students

Question: [Question one] :Assalaamu Alaikum,I have a question which is part theoretical and part actual...I intend to buy a new car. Since it is haram to pay interest, I am looking for a 0 % APR finance scheme.In MA, a car ....

Subjects: Automobiles; Financing; Purchasing

Donor award: Karafarin Bank (Tehran, Iran)
Source : Annual Report and Financial Statements. Vol. (Mar. 2011), pp.1-122, 122 p.

Subjects: Karafarin Bank

Question: Dear Dr. Kahf :ASAK, I hope this email finds you well. You were kind enough to answer some questions for me regarding Islamic will provisions last year (I am a financial planner with a number of clients with these concerns). ....

Subjects: Estate planning; Islamic jurisprudence; Life insurance

Question: Assalaamu Alaykum Wa RehmatullahDear Brother Dr. Monzer Kahf :InShaAllah, you and your family are safe during these times of turmoil.A few brothers (in their 30s and 40s) who attend a Qur’anic tafseer program in the area of Islamic foundation, villa ....

Subjects: Inheritance; Islamic jurisprudence; Pensions; Wages

Question: Salam,I am in a difficult situation, I have been made an offer as a support application analyst in a IT department of an asset investment management firm, but I need to know will it be okay for me to accept ....

Question: Asalamualaikum,Dear Monzer Kahf,May Blessings and mercy of Allah on You, and this mail find you in good health ?I got an offer from renowned bank in Kuwait to work as IT administrator (National Bank of Kuwait).The responsibilities involve maintenance of ....

Question: [Question One] :Aslamo Alaykum Wa Rahmatu Allahi Wa Barakatuh Dr Kahf,I hope this email finds you well. I am sorry for sending the promissory notes later than the date I specified, I wanted more time to revise and finalize them. ....

Subjects: Administrative fees; Commissions; Islamic jurisprudence; Microfinance

Question: Dearest Dr. Monzer,As-Salamu `Alaykum,Thank you very much for yesterday’s session, may Allah accept your effort and abundantly reward you,Could you kindly reply to the following question ?As-Salam 'Alaykum wa Rahmatullah wa Barakatuh :Isn't it a fruitless venture, the attempt at ....

Subjects: Islamic jurisprudence; Social justice; Usury

Question: Dear Br. Dr. Monzer,Walaikum assalam warahmatullahi wa Barakatuh.Thank you for your detail response--it is very helpful.1-What I understand from your response is that while under Waqf property is transferred to trust permanently and cannot go to the heirs at any ....

Subjects: Inheritance; Islamic jurisprudence; Waqf

Question: [Question One]BismillahAsalam Alaykum Wa Rahmatu Allah Wa Barakatuh, I pray to Allah you are doing great Dr Monzer,Jazaka Allah Khair for the incredible work and benefit you are providing the Ummah. My name is Hazem Awad, a PhD student in ....

Subjects: Finance; Investments; Management; Money

Question: Dearest Dr. Monzer,As-Salamu `Alaykum,Could you kindly reply to the following question ?As-Salamu `Alaykum, I take life insurance solely to save income tax levied otherwise on my salary at maturity they give back the money invested plus the vested bonus. I ....

Subjects: Islamic jurisprudence; Life insurance; Taxes

Question: Dearest Dr. Monzer,As-Salamu `Alaykum,We, in the Islamic center here in America, face a problem and a debate about having insurance for the Masjid. We do not have insurance for the Masjid and few weeks ago someone turned the fire on ....

Subjects: Insurance; Islamic jurisprudence; Property

Question: SirThis is not commercial, or charity cause emailIt is just a genuine email from a newly born finance and accounting student who is a highly enthusiastic.Main Purpose : to know my limits and have guidance for future in career in ....

Question: Assalamu Alikom W Rahmatu Allah W Barakatuh:I need your advice; I have Lease Hold property till year 2073. I paid for that 210,000.00, I paid 1/2 of that, and carry 1/2 as mortgage. Now, I am in position to pay ....

Subjects: Contracts; Purchasing; Real property; Rent

Question: Asslaamu 3aliomI am Muslim and try as much to obey Allah.I am offered a job in a store that sells all Halal things but they are selling lottery cards too. Is it Halal to work there or not and I ....

Question: Dear Prof. Monzer,I would like to ask your favor to clarify what Shari'ah (or different schools of Islamic laws) says about the nomination of a Mutawalli and what is your stand on the issue. I saw some of the waqf ....

Question: As Salaam Walikum,I am an Indian working in Kuwait and I am trying to buy a shop in Mumbai already I booked and I paid 40 percent for balance 60 percent I need to loan can you please help me ....

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

Question: [Question One] :Assalamu'Aliakum Shaykh,I have two questions, I am really sorry for any inconvenience ; Irstly, few months back, I applied for an internship. At initial stage of the application I was asked to do an unsupervised 20min English test ....

Question: Dear Sir,I am currently working as branch head (manager) of one of Pakistan's conventional general insurance company. Whenever a cover note (a document before policy) is issued I sign on behalf of the company. Moreover I have started getting insurance ....

Subjects: Insurance; Insurance companies; Islamic jurisprudence; Labour

Question: Salam Sheikh,I am currently working for a giant oil and gas company. However I fear that my source of income may be Haram. That is because they have special rules and regulations in dealing with vendors from countries like Yemen, ....

Question: Dear jurists, I’m working as a computer programmer in a gulf country for the past three years, My qualifications are as under :- a) Pursuing MCA (computer Applications) b) Bsc (English, Zoology, Botany, and Chemistry) c) 1yr dip. In computers ....

Question: Dear Dr. Kahf,Assalamu alaikum wa rahamatullahi wa barakatuh.I would appreciate if you could answer my question in regard to credit card fees. These days some credit cards are offering 0 % financing (I.e., no interest) for loans or cash advances, ....

Subjects: Administrative fees; Commissions; Credit cards; Islamic jurisprudence

Question: Dearest Dr. Monzer,As-Salam `Alaykum,Could you kindly reply to the following two Fatwas ?1. Property dispute :24 years ago my husband purchased a land and constructed it with his money (without my father in law and brothers in law money being ....

Subjects: Alms tax; Travel

Question: Dearest Dr. Monzer,Could you kindly reply to the following question ? with the civil unrest in Egypt, which is worsening the living circumstances of the poor, what does Islam teach us about helping and supporting each other ? what role ....

Subjects: Poor

Question: Assalamu Alaykum and hoping that my mail reaches you in the best of Iman. I pray also Allah SWT gives you the patience to bear with my stress. My inquiries goes this way :1. Please what is the position of ....

Subjects: Debts; Loans; Money; Pilgrimage

Question: Salam Dr. Monzer Kahf,Firstly, let me introduce myself. My name is Mahathir, graduated from Business Degree in Singapore, last July. I've read your advises online on IslamOnline.net and your website, and I find them very enlightening and insightful. I'm currently ....

Question: Assalamu Alaykum !Dear Sir,I wish to know is the interest coming from fixed deposit Haram or Halal. I heard of people saying its pure Haram, whereas not dividend from shares. Could you please explain the difference and whether its Haram ....

Subjects: Bank deposits; Islamic jurisprudence