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Question: Dear Dr. KahfAssalamualaikum.Thanks for your reply to my previous question. I have couple more problem understanding the Witness and Notary part of your last will which I am describing below. I would appreciate your help in this regard. Below is ....

Subjects: Inheritance; Islamic jurisprudence

Question: Dear Dr. KahfWhile preparing the last will, should I enlist any property outside the USA ? I have one house co-owned by my brother and a flat in Bangladesh. Please, let me know.SincerelyMohammed.

Subjects: Inheritance; Islamic jurisprudence; Ownership

Question: [Question One] :As Salamu Alaykum,Our planned Shari’ah Compliant Fund intends to make use of Arbun and send us the attached documentation. I read it and was unsure about the choice offered for cash settlement as an alternative to physical delivery. ....

Subjects: Cash flow; Down payments

Question: Wa'alaikum Assalamu,Jazakallahu Khairan. Akhee, I have been researching Islamic Financing for over 10 years in Canada, and am very familiar with what is involved here. Nur Cooperative : has no capital, not currently offering anywhere in Canada UM Financial : ....

Subjects: Purchasing; Real property

Question: Dear Dr Kahf,Asalaamu Alaykum Wa Rahmatullah Wa Barakatuh.Would you kindly review the attached Malaysian Takaful Act 1984 to see whether it is alright for adoption in Nigeria and indicate amendments, changes, deletions and additions where necessary.Many thanks.Regards,Hajara.

Subjects: Cooperative insurance; Interdependence; Islamic jurisprudence

Question: [Question One] : Wa'alaikum Assalamu and Jazakallahu Khairan for your fast response, unfortunately, in Canada there is currently only one Islamic financing program operating (the rest have run out of capital), and that one is extremely unaffordable in terms of ....

Subjects: Financing; Islam; Islamic jurisprudence; Loans; ٌLeasing

Question: I am hoping you can give me advice on a matter. I live in Canada and have been renting for 10 years now. I now have 4 children Alhamdulillah and badly want to purchase a home and have stability. Unfortunately, ....

Subjects: Purchasing; Real property; ٌLeasing

Question: Assalamu alaikumI am an IT professional. Just now only I got the job I am fresher my company informed me that client place is "cinema theater" work is system hardware support. I am getting so many confusion is it Haram ....

Question: Dear Amo Monzer,In Sha Allah you and your family are well and in the best of conditions !I am e-mailing you today because my older brother Bilal, has come up with an interesting idea of how one could possibly structure ....

Subjects: Corporations; Purchasing; Real property

Question: Assalamu Alaikum Dr. Kahf,I recently read your article on IslamOnline.net, titled "the global financial crisis : ideas for long term solutions : short notes", translated by Dr. Ahmed El-Gharbawi. Masha Allah it was very interesting.I have also come to know ....

Subjects: Financial crises; Financing; Islamic Banks; Islamic jurisprudence

Question: Dear Dr. Kahf : Assalamu Alaykum Wa Rahmatullah Wa Barakatuh.My question is regarding Car Leasing. I understand that you have addressed this issue quite few times and I have read your answers as well. As you have mentioned in your ....

Subjects: Automobiles; ٌLeasing

Question: First let me introduce myself my name is Sahra, I am taking a course for (modern institution of informatics and management) (MIIM) in Pakistan, I am taking for the subject of Islamic banking and finance, so please I want to ....

Subjects: Islamic economics; Islamic jurisprudence; Loans; Usury

Question: [Question One]Assalamu Alaykum Wa Rahmatu Allahi Wa BarakatuhDear Dr KahfMy employer has a pension plan for his employee as part of the benefit package. The employer contributes yearly to the plan for each employee depending on his salary and then ....

Subjects: Investments; Merit; Pensions

Question: Assalamu AlaykumI hope you are doing well. I also hope that your family is doing well too.We have two questions that we are hoping you can help us with :1. Can interest money be spent on family who are in ....

Subjects: Kinship; Money; Poor; Usury

Question: Assalamu Alaikum,I have a question which I need clarification on. If one lives in a society where there are no Islamic Banks for one to access a facility ( auto finance or mortgage) but there are fund managers that deal ....

Subjects: Automobiles; Banks; Financing; Islamic jurisprudence

Question: Dear Dr. Monzer,Salaam. I am student in UK pursuing my masters in Investment and Finance. I reside in Saudi Arabia and intend to return back after my studies. What i wanted to enquire is since I'll be working in the ....

Question: Assalam AlaikumDear Br. Dr. Kahf :I already asked you for a copy of the last will and testament that you wrote in Jun 2005. Kindly you sent me a copy and I filled it at that time, and my wife ....

Subjects: Inheritance; Islamic jurisprudence; Wills

Question: Bismillah Ar-Rahmaan Ar-RaheemDear brother Monzer Kahf,Assalaamu Alaykum Wa Rahmatullah Wa BarakatuhI need an urgent clarification on the above subject.I and some brothers and sisters have set up an organization 10 years ago with a view of fighting poverty primarily among ....

Subjects: Investments; Mutual funds; Usury; Wages

Question: Assalamo Alikom Wa Rahmatu Allahi Wa Barakatuh.My name is Abdullah I came here with my family from 10 months I have 3 kids (1 girl 5 years and twins 7 months) we live in rental town house with monthly rent ....

Subjects: Purchasing; Real property

Question: Dear Br. Monzer,Assalamu Alaykum Wa Rahmatu Allahi Wa Barakatuh.I hope things are going well for you, and I’m looking forward to seeing you again, Insha’Allah. I have a question for you regarding installment sales. According to Shari’ah, If the buyer ....

Subjects: Installment sales; Resale on profit; Sales

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Following is a financial question about a student loans and insurance accountsI live with my family in the USA. My wife and I are currently repaying our student loans which are of course ....

Subjects: Insurance; Islamic jurisprudence

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Following is a financial question about profits of governmental organizationIn our country, there is a governmental organization national savings, they give profit per 100,000 basis. Please tell us, is this profit Halal or ....

Subjects: Islamic jurisprudence; Profits; Savings

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I live with my family in the USA. My wife and I are currently repaying our student loans which are of course interest based loans. I have a 401K account and my initial ....

Subjects: Insurance; Loans; Students; Usury

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Following is a financial question about working in Internet marketing companyAl Salam Alaykum Wa Rahmatu Allah Wa Barakatuh ! We would like to know whether working in a company that uses the following ....

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullah Wa Barakatuh,I live in Canada. I read the fatwa posted on your web site, that says it’s Ok to buy a house through a mortgage under certain conditions and I did buy a house ....

Subjects: Purchasing; Real property; Subprime mortgage

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Following is a financial question :Visitor Question :Assalamu Alaykum Wa Rahmatullah ! Respected Scholar, I am working with consulting company which usually provides banking advisory services. At the same time company has the ....

Question: Dear Dr. Kahf, AAI work in the construction industry and I do have the potential to expand. In some occasions, individuals are approaching me to invest their money. My company is still small, 100 % owned and operated by me ....

Subjects: Corporations; Investments; Money

Question: Wa Alaikum Assalam Wa Rahmatullahi Wa BarakatuhDr. Monzer KahfThank you so much for your guidance. This will be very helpful when I move forward in finding the appropriate Shari’ah compliant bank. I can't thank you enough. Are there any internet ....

Subjects: Banking services; Internet; Islamic Banks; Islamic jurisprudence

Question: As Salaam Alaikum Dr. Monzer Kahf,Recently I've been trying to get my hands on as many resources (books or websites) on Islamic finance. Are there any books that you would recommend that can give a clear understanding on Islamic finance ....

Subjects: Islamic Banks; Islamic jurisprudence; Usury

Question: Dear Professor Dr. Monzer,Waalaikam slam wa rahmatullah wa barkatho,Jizaka Allah, thanks for your answer, guidance and affording your precious time.Please see another situation that is different than banking credit cards like some shopping malls offer customers credit cards with a ....

Subjects: Islamic jurisprudence; Marriage

Question: Dear Dr. Monzer,ASlamo Alakam,I happened to read your paper on objectives of Shari`ah in the prohibition of Riba, it is quite impressive logically and broaden common Muslim vision about what is interest and what not ? please accept congratulation for ....

Subjects: Credit cards

Question: AL Salaam Alaykum Dr. KahfI'm sorry I'm late in contacting you but it's due to my health issues. Again, my deepest gratitude for your generosity in helping me sort out the issue of a will. I looked at the issue ....

Subjects: Confidence; Inheritance; Islam; Islamic jurisprudence; Wills

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

Subjects: Capital; Debts; Infrastructure; Islamic jurisprudence; Management

By: Bakkush, Abd Allah. Insaniyat. Vol. 13, no. 43 (Jan. / Mar. 2009), pp.69-81, 13 p.

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,Following is a financial question :Visitor Question :Respected Scholar Assalam o Alaikum. I am working in a commercial life insurance company particularly in Client Services Department (Communications) wherein I provide information to the ....

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

Subjects: Agency (Law); Contracts; Investments; Islamic jurisprudence; Resale on profit

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

Subjects: Agency (Law); Contracts; Islamic jurisprudence; Resale on profit

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

Subjects: Accounts current; Banking services; Islamic jurisprudence

Question: [Question One] :Assalamualaikum,I do have more questions and your answers could help me understand this better. You said "Muslim registers records of pork and liquor as a job for her / him". I do not work at the restaurant which ....

Question: [Question One] Dear Prof. Kahf,This is Amr Taha of Islam on line.net's Politics in Depth section. Upon the recommendation of Mr. Wael of Shari’ah department, I would like to take your professional fatwa about Lariba's method of home financing, which ....

Subjects: Purchasing; Real property

Question: Dear Prof Kahf,Salaam Alaykum,Thanks for your prompt response on the CBN white paper. It was quite useful.As discussed with your good self in the past, we are constantly receiving application for investments in real estate transactions both for real estate ....

Subjects: Real property; Transactions

Question: Assalaamu Alaykum Sh. Monzer,Can we charge more for exposure to greater risk ? For instance, if I am a supplier, and we get in agreement with a client, that we think would be high risk (liquidity problems, or general market ....

Subjects: Islamic jurisprudence; Liquidity (Economics); Market Risk; Price policy; Risk

Question: Assalaamu Alaykum Sh. Monzer,Jazaka Allah Khayr for all your earlier responses. Very insightful Masha Allah.What’s the difference between "risk-taking" and "Gharar". I know by definition Gharar means uncertainty. But, then, doesn't every business activity carry risk. I guess I am ....

Subjects: Perillous saale; Risk

Question: Dear Prof Kahf,Salaam Alaykum,We are constantly receiving application for investments in real estate transactions both for real estate development projects for resale by our prospects who are operators/developers in the real estate industry and private clients/individuals who want to acquire ....

Subjects: Financing; Housing; Islamic jurisprudence

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullah Wa Barakatuh,Dear brothers : living a West, should a person who rents a residential place be concerned about the possibility of an existing mortgage on the property (which translates into Riba) ? Is the ....

Subjects: Islamic jurisprudence; Landlords and tenants; Subprime mortgage

Question: Assalaamu Alaykum Sh. Monzer :Is there an alternative to options and futures in Islamic economics, or derivatives in general ?Jazaka Allah Khayr.Rauf.

Subjects: Options (Finance)

Question: Salam Alaykum !I've got a question according to the subject : bank-credit (with Riba)I've heard that under certain conditions it is allowed (Halal) to take a bank-credit for example to buy a house and I wanted to ask, if it’s ....

Subjects: Business; Islamic jurisprudence; Loans

Question: Dear Dr. Monzer,Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh,I work as an engineer in a company that produce biodiesel in USA. 1) Currently I'm working on a project of producing biodiesel by blending it together animal fats and diesel oil. The ....

Question: Dear Dr. Monzer,Assalamu Alaykum wa Rahmatullah wa Barakatuh,Following is a financial question :Should a person who rents a residential place be concerned about the possibility of an existing mortgage on the property (which translates into Riba) ? Is the renter ....

Subjects: Islamic jurisprudence; Subprime mortgage; Usury; ٌLeasing

Question: Assalaamu Alaikum Sh. Monzer,What is your opinion around Islamic finance firms using interest rates as benchmarks for Murabahah-cost plus contracts ?Jazak Allah Khayr.FiAmanAllahRauf.

Subjects: Interest rates; Resale on profit