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   (1901 - 1950 of 29634)
Fatawa

Studying and working in the other financial firms and the financial sector : working in a credit card company

Question: Assalam-O-Ailakum Warahmatullah-e-Wabarakatuhu, I have two questions. 1) Is it Haram to work in a credit card company ? even though a person is working as a programmer and his / her job has nothing to do with the interest ? ....

Subjects: Corporations; Credit cards; Islamic jurisprudence

Fatawa

What to do with earned interest ? : what to do with interest money : [2]

Question: I have a bank account that gives me a regular interest of 8 % annually, I would like to get rid of this interest. What are the proper ways to spend it ?.

Subjects: Interest; Islamic jurisprudence; Money; Wages

Fatawa

Prizes given to contestants and students : prizes given to contestants

Question: Assalamu 'Alaikum. Dear knowledgeable scholar of Islam, In the UK and Ireland television, there is the famous TV game called who wants to be a Millionaire ? It consists of 15 challenging questions to a contestant, each time a contestant ....

Subjects: Awards; Contests; Islamic jurisprudence

Fatawa

Objectives of lottery and gambling : gambling and lottery are forbidden in spite of a good objective

Question: My parents buy lottery tickets because they want the money to help our family financially, for example see to it that my grandmother gets a house and everyone in my family has no debt, etc. They only want to help ....

Subjects: Commodities; Gambling; Islamic jurisprudence; Lotteries; Taboos

Fatawa

Objectives of lottery and gambling : lottery is the same as gambling

Question: Is playing lottery-buying a ticket, expecting a lucky draw lawful ?.

Subjects: Gambling; Islamic jurisprudence; Lotteries

Fatawa

Studying insurance and working in insurance companies : working in an insurance company [1]

Question: Assalamu Alaikum, I have searched your Fatwa bank for rulings on insurance in general and working in them specifically, in the hopes of resolving a major question of mine. I am near the completion of my university degree and I ....

Subjects: Insurance; Insurance companies; Labour

Fatawa

Buying share, stocks and mutual funds : buying shares

Question: Assalamu Alaykum. What is the Islamic ruling on buying and selling of shares ?NotesRequest an urgent reply may Allah Subhana Wa Ta Ala reward you the best. Wassalamu Alaykum..

Subjects: Islamic jurisprudence; Purchasing; Stocks

Fatawa

Buying share, stocks and mutual funds : investment in mutual funds

Question: First of all I would like to tell you that I currently live in Canada. My question is regarding mutual funds. Here almost all of the mutual funds have some portion (from 1-15 %)of their portfolio invested in cash or ....

Subjects: Investments; Islamic jurisprudence; Mutual funds

Fatawa

Excuses for interest deals : interest loans to fight poverty

Question: Dear Sir, Assalamu Alaikum. I want to know the view of Islam about taking loan from bank. It is to be noted here that for taking loan we've to pay interest to the bank. But without taking loan it is ....

Subjects: Deals; Islamic jurisprudence; Loans; Poverty mitigation; Usury

Fatawa

Working in activities that may hurt the interests of the Ummah : importing from a boycott country

Question: Assalamu Alaykum, my question is regarding the Fatwa of boycotting American and Israel product. We are doing business with used computer and at the moment we are only able to find / buy cheap computer in America to be able ....

Subjects: Economic sanctions; Imports; Islamic jurisprudence; Labour; State

Fatawa

Working in insurance companies and as actuary : working in insurance : [1]

Question: Assalamu Alaikum, I have searched your Fatwa bank for rulings on insurance in general and working in them specifically, in the hopes of resolving a major question of mine. I am near the completion of my university degree and I ....

Subjects: Insurance companies; Labour

Fatawa

Alternatives to interest home financing : Buying a house in Canada where the Islamic Housing Cooperative has difficult uncompetitive conditions

Question: Assalamu Alaikum, I'm asking you for a help, will it be Halal for us to borrow money from a normal bank, even thou we have found an Islamic cooperative, which we feel is not the one what will help us ....

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

Fatawa

Alternatives to interest home financing : buying a flat in UK

Question: Assalamu Alaikum. I am presently resident in the UK. I am planning to buy a flat for residence In Sha Allah. I found out that there is bank of Kuwait offering Murabahah or Ijarah system as alternatives to interest based ....

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

Fatawa

Privatization and profit caps : privatization

Question: How does Islam view privatization ?.

Subjects: Islamic jurisprudence; Pensions

Fatawa

Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : fire and accident insurance in Canada

Question: Assalamu Alaikum, I have a specific problem. My 3 year old son is not a fully normal child and as such, has a tendency to create big problems at home due to his over-active energetic behavior. I am afraid that ....

Subjects: Accidents; Canada; Fires

Fatawa

Objectives of lottery and gambling : does an educational use of gambling proceeds justify it ?

Question: Can we purchase lottery tickets since the proceeds go to education ? or, is it considered gamboling and not permissible under Islamic Law.

Subjects: Education; Gambling; Islamic jurisprudence; Lotteries

Fatawa

Financing house purchase in the west : buying house in the USA

Question: I am a married person living with my wife and 1 child. I have been in USA for five years, living in apartments and paying rents. Now I am thinking to buy a house for me and my family. I ....

Subjects: Housing; Islamic jurisprudence; Purchasing; United States

Fatawa

Working in activities that may hurt the interests of the Ummah : working in the defense department

Question: Assalamu Alaikum I would like u to answer my q asap please, I am about to start working with the defense ministry department in the UK engineering field, my q is it allowed for me to work there even though ....

Subjects: Ministry of Defence; Public utilities

Journal Articles

La dimension ecologique en economie Islamique

By: Traouli, Khalid. Etudes en Economie Islamique. Vol. 2, no. 2 (Apr. 2002), pp.1-19, 19 p.

Subjects: Economic aspects; Environmental aspects; Islamic economics; Islamic jurisprudence; Production

Fatawa

Transactions of conventional and Islamic banks in Egypt

Question: Al Salam Alaykum I’ve read about considering banks interest as Reba. And I’m asking you to give me clear vision on this issue that would help me to make the right decision InShaAllah. Banks in Egypt claims to give varying ....

Subjects: Banks; Islamic Banks; Transactions; Usury

Fatawa

Signing credit cards’ contract and using it : use of credit cards and their different transactions

Question: المعاملات باستخدام كارد الفيزا في الشراء و هل هو نوع من الربا لأنني أريد أن أطهر معاملاتي من الربا بعد أن هداني الله و أريد أن أوضح لسيادته أن المعاملات تتم على النحو 1-الشراء من المحلات التجارية 2-سحب مبالغ مالية ....

Subjects: Credit cards; Financial transactions; Installment sales; Islamic Banks; Purchasing

Fatawa

Using earned interest in payment of a house : using earned interest in partial payment of price of purchased house

Question: Assalamu Alaikum. Please advise me on the following. I have purchased a home with my savings and did not engage in mortgage. However, I accrued interest in my savings account and I did not separate the interest from the money ....

Subjects: Housing; Islamic jurisprudence; Prices; Purchasing; Wages

Fatawa

Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life and property insurances

Question: Can u give some information on : 1. Life insurance to cover mortgage, 2. House contents insurance to cover loss and theft, 3. Building insurance to cover loss, damage etc. what is the Islamic stance on these issues given that ....

Subjects: Life insurance; Property

Fatawa

Alternatives to interest : alternative to interest in micro-credit financing

Question: First let me introduce myself Am MSc Economics from International Islamic University, Islamabad. I have been working with Islamic Relief (UK) All the mailing am doing is Unofficial, should not be quoted anywhere Am a part of Neelum valley integrated ....

Subjects: Bank loans; Islamic jurisprudence; Microfinance; Usury

Fatawa

Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : comprehensive or liability only car insurance ?

Question: Assalaamu alaikum. The ruling that I have heard concerning taking car insurance is that it is not in general permissible. However in lands such as mine where driving without insurance will lead to prosecution and license suspensions I have heard ....

Subjects: Vehicles

Fatawa

Non-interest charges of credit cards : exchange rate in credit cards transactions

Question: As Salaamu Alaikum. When you buy a product from another country, this obviously involves a different currency. Credit cards allow you to buy in another currency and charge you a "foreign exchange transaction fee" in addition to the corresponding monetary ....

Subjects: Administrative fees; Commissions; Credit cards; Exchange rates

Fatawa

Transactions confused with interest : foreign currency credit cards transaction fee, is it Riba ?

Question: Assalamu Alaikum. When you buy a product from another country ; this obviously involves a different currency. Credit cards allow you to buy in another currency and charge you a "foreign exchange transaction fee" in addition to the corresponding monetary ....

Subjects: Administrative fees; Credit cards; Foreign exchange; Islamic jurisprudence; Usury

Fatawa

Transactions confused with interest : interest and extra repayment of loan

Question: I would like to discuss a matter with you, one of my friend asked money from me and offered to pay me something more than what I will give him, by himself. As I had no intention of asking him ....

Subjects: Debt repayment; Islamic jurisprudence; Loans; Transactions; Usury

Fatawa

Working in conventional banks : working in a bank : [6]

Question: Assalamu Alaikum, Please I want to ask about the position of a Muslim working in an interest based bank such as the ones we have in Nigeria. Some Malams said that "since it is a necessity there is no problem ....

Subjects: Banks; Labour

Fatawa

Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : accident insurance offered by credit cards

Question: Dear Sirs, I'm asking about insurance, because I have a credit card, they but extra fees on my account as an insurance against accidents. I can cancel this service but I want to know is this insurance right or wrong ....

Subjects: Accidents; Credit cards

Fatawa

Is interest a compensation for inflation ? : is the prohibition of Riba affected by inflation

Question: My question to you is related to Riba. Some people claim that Islam has prohibited Riba not interest. They differentiate it buy saying that interest is charged on normal market and inflation rate on the other hand what Islam has ....

Subjects: Inflation (Finance); Loans; Usury

Fatawa

Dividends, bonuses, rewards and accidental insurance of credit cards : accidental insurance offered by credit cards

Question: Dear Sr, I'm asking about insurance, because I have a credit card, they put extra fees on my account as an insurance against accidents. I can cancel this service but I want to know is this insurance right or wrong ....

Subjects: Credit cards

Fatawa

Working in the mortgage system : working as a mortgage broker

Question: Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh !!! I am a recent revert to Islam. Recently, I have begun working as a mortgage broker, (finding loans for home buyers) I don't work directly for the lenders however I get paid based ....

Subjects: Contracts; Dwellings; Financing; Islamic jurisprudence; Loans

Fatawa

Interest-based deposits in the Muslim countries

Question: I live in a Muslim country. I have kept my savings in that particular category of accounts on which interest is not paid. However i rarely draw any money, as i am saving it for some future plan. The question ....

Subjects: Usury

Fatawa

Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : mutual or cooperative insurance

Question: What is the rule of Islam about taking shares of companies and organizations like ICCI. Please shed a light on my question. May Allah assemble us in his Jannatul-Firdaus. What is the Shari’ah rule about taking insurance ? We need ....

Subjects: Contracts; Insurance; Islamic jurisprudence; Perillous saale; Taboos

Fatawa

Zakah and taxes-payment of taxes from earned interest ? : tax payment from earned interest

Question: Thank you for answering my previous 2 questions. I have a daily question by many Muslims ; I will list some facts then the question (1) we receive money from the banks as an interest on our accounts (2) we ....

Subjects: Alms tax; Taxes

Fatawa

Buying share, stocks and mutual funds : buying shares as a tax shelter

Question: What is the rule of Islam about taking shares of companies and organizations like ICCI.Please shed a light on my question. May Allah assemble us in his Jannathul-Firdaus.What is the Shari’ah rule about taking insurance ? We need to take ....

Subjects: Islamic jurisprudence; Purchasing; Stocks

Fatawa

What to do with earned interest ? : what do we do with interest money ? : [1]

Question: Thank you for answering my previous 2 questions. I have a daily question by many Muslims ; I will list some facts then the question (1) we receive money from the banks as an interest on our accounts (2) we ....

Subjects: Bank accounts; Banks; Interest; Islamic jurisprudence; Usury

Fatawa

House purchase financing in Muslim countries : buying on mortgage in Morocco

Question: I live in Morocco and there is no Islamic bank. Can I buy a house with interest procedure.Thank you very much.

Subjects: Islamic jurisprudence; Morocco; Purchasing; Subprime mortgage

Fatawa

Term and whole life insurances : whole and term life insurances

Question: What are the types of life insurance that are permissible ?.

Subjects: Islamic jurisprudence; Life insurance

Fatawa

Working in firms that produces sells prohibited items not as main line of business : a job in consulting company that takes some Haram projects

Question: Salam a job in an industrial counseling company is proposed for me. This company offer services and programs to develop activities and rentability of any kind of enterprise. The problem is that among these enterprises, it is very probable to ....

Subjects: Investments; Islamic jurisprudence; Labour; Projects; Taboos

Fatawa

Interest-based loans for housing in Pakistan

Question: I am interested in buying a house and for this i have to finance it thru a bank. As we all know banks charge interest on the loan they provide and as Muslims we have to stay away from interest. ....

Subjects: Bank loans; Housing; Usury

Fatawa

Islamic banks in UAE

Question: I have an account with Islamic bank in UAE and that bank gives profit yearly. On this profit some Muslim brother are commenting this is also a kind and different of interest but Islamic banks have termed as profit instead of telling Interest. Kindly make me clear in this regard..

Subjects: Islamic Banks

Fatawa

Signing an insurance contract and escaping its implications : signing an insurance contract then claiming it is not binding

Question: Assalamu Alaikum brothers, my question was regarding contracts (insurance). I heard that during the time of the Prophet (SAW) his wife Aisha (RA. A) agreed a contract to free a slave, it turned out that this contract was denying some ....

Subjects: Insurance policies

Fatawa

Zakah and taxes-payment of taxes from earned interest ? : taxes and Zakah and payment of taxes from earned interest

Question: A Muslim living in a Islamic country is paying one income tax i.e., Zakah. But a Muslim living in a non-Muslim country like India, Sri Lanka should pay two income taxes i.e., Zakah and income tax imposed by non-Muslim government. ....

Subjects: Alms tax; Taxes

Fatawa

House purchase financing in Muslim countries : buying a house on interest in Pakistan : [2]

Question: I am interested in buying a house and for this I have to finance it thru a bank. As we all know banks charge interest on the loan they provide and as Muslims we have to stay away from interest. ....

Subjects: Housing; Islamic jurisprudence; Pakistan; Purchasing; Usury

Fatawa

Financing house purchase in the west : renting versus mortgage

Question: Assalamu Alaikum : my question may already be one that has been hashed and rehashed through the years, but here I go anyway. It is regarding rent versus mortgage. What is the opinion on paying rent, say $ 1500 on ....

Subjects: Islamic jurisprudence; Mortgages; ٌLeasing

Fatawa

Going for Hajj while under mortgage debts

Question: Assalamu Alaykum, Previously, I had already asked whether is ok for me to perform Hajj while I am still paying for my mortgage repayment. Many thanks to the Sheikh who said it was ok, as long as I am able ....

Subjects: Debts; Islamic jurisprudence; Pilgrimage; Subprime mortgage

Fatawa

Examples of lack of justifying needs : buying on interest in Canada

Question: Borrowing money from bank to complete a down payment to buy a house to live in with my family ,and a house to invest its rent (I did both ,a house to live in 1994 when I immigrate to Canada ....

Subjects: Canada; Islamic jurisprudence; Purchasing; Usury

Fatawa

Examples of lack of justifying needs : taking an interest-based loan to help paying an interest mortgage

Question: Salam, I am a student and I am studying at university. I have taken out a loan from a loans company and I will be charged interest in terms of inflation. I am using this money in order to help ....

Subjects: Interest; Islamic jurisprudence; Loans; Payments; Subprime mortgage

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