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Fatawa

Working in conventional banks : working in a bank : [2]

Question: I am a student in UK, my father is paying my college fees but he is working in a bank (as I now it is Haram to work there). Is it Halal for me to study in this way ??.

Subjects: Banks; Islamic Banks; Islamic World; Labour

Fatawa

Sale of prohibited items : sale of cards that earn prizes

Question: Assalamu Alaikum : well, I think I have a very hard question, which could be classified, in the gray area : my school wants to do some fundraising to buy a mini van, So by the help of another company, ....

Subjects: Awards; Islamic jurisprudence; Sales; Taboos; Wages

Fatawa

Sale of prohibited items : sale of wine to non-Muslims

Question: I want a 'Fatwa' in dealing buying and selling wine and similar stuff from and to non Moslems. But not drinking. Jazaka Allah Khairan.

Subjects: Alcoholic beverages; Commodities; Islamic jurisprudence; Sales; Unbelievers

Fatawa

Working in real estates : real estates agent : [1]

Question: Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh. Is it ok to work as a real estate agent ? Jazaka Allahu Khairan Wassalam Alaikum..

Subjects: Labour; Real property

Fatawa

Abortion

Question: Salmo Aleko, dear imam, I got married 5 months ago and my wife is American and she converted to Islam. Last week she came to me and told me that she is pergnant (one month) and I and she don't ....

Subjects: Abortion; Islamic jurisprudence

Fatawa

Examples of lack of justifying needs : buying a flat in France and renting it

Question: Salam Alaykum, I have bought a one bedroom flat with a bank credit which has got interest. The thing is that I don't live in this flat. I have one person who pays me the rent that allows me to ....

Subjects: Dwellings; France; Islamic jurisprudence; Purchasing; ٌLeasing

Fatawa

Financing house purchase in the west : the Fatwa on home financing in western countries

Question: Assalamu Alaykum, I need all the information that I can get on the Fatwa that allows home financing for Muslim in a non-Islamic state where Islamic financial methods are not adopted. Wassalam Alaykum Muhammad.

Subjects: Financing; Housing; Islamic jurisprudence; Purchasing; Western world

Journal Articles

Les capitaux de l'lslam : presses du CNRS gilbert beauge (1990, 270 pages)‎; resume

By: al-Khuwaylidi, Abd al-Sattar. Etudes en Economie Islamique. Vol. 2, no. 1 (Apr. 2001), pp.103-112, 10 p.

Subjects: Capitalism; Economic systems; Financial institutions; Financing; Islam

Journal Articles

Est-il necessaire d'avoir une economie islamique?

By: Chapra, Umar. Etudes en Economie Islamique. Vol. 2, no. 1 (Apr. 2001), pp.73-92, 20 p.

Subjects: Islamic economics; Economic aspects; Economics; Islam; Religious aspects

Journal Articles

Le marche et la formation des prix en economie islamique

By: Youala, Ali. Etudes en Economie Islamique. Vol. 2, no. 1 (Apr. 2001), pp.51-70, 20 p.

Subjects: Economic systems; Islamic economics; Islamic jurisprudence; Economics; Islam

Journal Articles

Les fondements legaux du systeme economique islamique

By: Lahlou, Abd al-Rahman. Etudes en Economie Islamique. Vol. 2, no. 1 (Apr. 2001), pp.1-21, 21 p.

Subjects: Consumption; Economics; Islam; Islamic economics; Islamic jurisprudence

Fatawa

Buying houses in non-Muslim countries : buying a house in Sri Lanka while living in UAE

Question: I am referring to the question ref. WDACB 5. I am staying in UAE last three and half years with my wife and my son (five years old). We are expecting second baby in October 1. I am a quantity ....

Subjects: Housing; Islamic jurisprudence; Purchasing; Sri lanka; United Arab Emirates

Fatawa

Sale with conditions in the contract : interest clause in a sale contract

Question: Assalamu Alaikum : Jazaka Allah Khairan for this svc. I am selling a property (in UK) and due to incentive problem my solicitor has put interest clauses in lease and contract. I'm afraid to sign documents coz those who do ....

Subjects: Contracts; Islamic jurisprudence; Sales; Usury; Witnesses

Fatawa

Copy rights : Putting copy-righted music for free on the web

Question: Hi, a Muslim friend of mine (sorry, I'm atheist) from Qatar has been making copyrighted music available on his website. What is Islam's stance on violation of intellectual property ? Also, he is having problems reconciling his believes with life ....

Subjects: Copyright; Islamic jurisprudence; Music; Right to property

Fatawa

Working in insurance companies and as actuary : working as an actuary

Question: Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh. Dear brethren in Islam I have recently graduated and am currently seeking employment. One of the fields in which I hope to go into is actuarial consultancy either for a consultancy company or with ....

Subjects: Insurance companies; Labour

Fatawa

Working in insurance companies and as actuary : advertising interest based institutions and working in insurance

Question: Assalamu Alaikum I have three questions. 1. Conventional Banks are offering prizes ranging from Cars and Houses to cash on a "Draw" to account Holders. Is it permitted to accept the prize if one is a recipient ? The Account ....

Subjects: Insurance companies; Labour

Fatawa

Studying and working in the other financial firms and the financial sector : seeking knowledge in finance, is it permissible?

Question: Assalam Alaykum, My question is in two parts : first it is well known that any dealing with interests as in banks is considered "Riba" hence Haram, however much confusion arises when we speak about shares (stocks). What does Shari'ah ....

Subjects: Financial institutions; Financing; Labour

Fatawa

Sale of Awqaf properies : selling a mosque

Question: Can we sell a mosque in the United Kingdom to any person to be converted into flats or anything else ? The reason being we have purchased a large building but we need funds to convert it. The current mosque ....

Subjects: Mosques

Fatawa

Sale of prohibited items : dealing with pirated software and using it

Question: In the name of Allah the most gracious the most merciful. What is the ruling regarding the use of pirated software ? Is it allowed in Shari’ah ? I belong to Kashmir where most of the software being used is ....

Subjects: Commodities; Computer software; Islamic jurisprudence; Sales; Software piracy

Fatawa

Bankruptcy

Question: Nine years ago I claimed bankruptcy through U. S. court which is allowed for their citizens under their constitution. My attention was to help my family member in Iraq with their situation. It was difficult to repay all the creditors ....

Subjects: Bankruptcy; Islamic jurisprudence

Fatawa

Are pension plans permissible ? aren’t they a kind of insurance ?

Question: Assalamu Alaykum my question is concerning pension plans, I'm working with a multinational company and we have a subscription with a private insurance company in Morocco for an insurance plan and a pension plan. The pension plan is as follow ....

Subjects: Insurance; Pensions

Fatawa

Working in insurance companies and as actuary : working as an IT in an insurance company

Question: Assalamu Alaykum is working in an Insurance company as an IT specialist allowed in Islam knowing that it is a big insurance company dealing with all kind of insurance (including life insurance) ? If there is an alternative to work ....

Subjects: Insurance companies; Labour

Fatawa

Work related practices in gray area : receiving tips bribes

Question: My husband is on a very low wage and we receive working families tax credit to bring our earnings up to above the poverty line. At the moment we are not able to visit any of my husband's family [they ....

Subjects: Bribery; Islamic jurisprudence; Labour

Fatawa

A student loan from an Islamic bank

Question: I got an education finance loan from one of the Islamic bank. But for 15000 dhs. I have to pay 2000 extra if it is for one year and about 600 if paid within 6 months. Pls. Tell me is this halal (Murabaha) as they call it in the bank..

Subjects: Islamic Banks; Islamic jurisprudence; Loans

Fatawa

The difference between a Waqf and a trust

Question: What is the difference between a Waqf and a trust, is it Islamic for a Muslim to transfer his property to a trust for the benefit of his daughter but putting a condition that if she marries a non-Muslim, she ....

Subjects: Confidence; Property transfers; Waqf

Fatawa

Internet marketing and pyramid commission : net marketing of Sky Biz 2000 and its commission system

Question: Sub : net marketing and income referral. Previous question was without details. RCJQS 4 more details are given below. Please visit web Sky Biz 2000.com. Once you are an associate, whether or not you bought an e-commerce web package, to ....

Subjects: Administrative fees; Commissions; Income; Internet marketing; Islamic jurisprudence

Fatawa

Buying a bond or depositing a guarantee money

Question: I have a general contractor's license in the state of California. In order to renew my license I need to purchase a contractor's license bond or I have to make a cash deposit for the amount of $ 7500.0. From ....

Subjects: Bank deposits; Hedge (Finance); Islamic jurisprudence; Money; Purchasing

Fatawa

Working in real estates : real estates commissions

Question: Is earning a commission from the sale of land considered Halal when you suspect there is foul play in the deal ? (e.g. abuse of power but have no proof of this). If not (Halal), whom should the money rightfully ....

Subjects: Labour; Real property

Fatawa

Sale of prohibited items : sale of tobbaco

Question: This question for (Sheikh alQaradawy) I have a business opportunity in gas station field and at this kind of business we have to sell cigarettes because it's 75 % of the sales + the gas and without it no one ....

Subjects: Commodities; Islamic jurisprudence; Sales; Taboos; Tobacco

Fatawa

Loan in the disguise of sale : getting a usufruct as a benefit from a loan

Question: Assalaamu Alaikum. Here is a common practice of giving one's house to the use of second party on lease for a specific period (say one or three years), by collecting a good sum of money from the second party. The ....

Subjects: Islamic jurisprudence; Loans; Usufruct

Fatawa

Distribution of estate : shares of siblings

Question: [What is Shari'ah rule on Shares siblings] ?.

Subjects: Distribution (Economic theory); Islamic jurisprudence; Real property; Siblings; Stocks

Fatawa

Working innocent jobs in the proximity of doubtful jobs : reading emails and get paid for it

Question: Assalamu'alaikum, I have join a 'get-paid-to-read-e-mail' at zwallet.com by opening an e-mail account with them. Advertiser pays money to zwallet.com. And zwallet.com in turns pay the people who read e-mail with their e-mail service. Some of advertisers are companies which ....

Subjects: Electronic mail; Labour; Money

Fatawa

Working in insurance companies and as actuary : studying and working as actuary

Question: Salam Oualaoukoum Wr.Wb. I'm a student in ULB university in Brussels I'm studying in actuarial science whish prepared people to work in insurance companies, so my question is : is it legitimate or not to work in insurance company ? NB : sorry, my English is bad..

Subjects: Insurance companies

Fatawa

Student loans with interest linked to inflation

Question: Assalamu Alaikum. An issue has risen in regards to the position of Islam regarding student loans which have an Interest linked to inflation. So what is the Shari'ah position regarding this type of interest ? (See notes)notes : The rate ....

Subjects: Inflation (Finance); Islamic jurisprudence; Loans; Usury

Fatawa

Examples of lack of justifying needs : buying an apartment in the USA

Question: I live in Virginia, in the United States of America. I recently got married, and I and my husband need a place to live. He is the only one that is working and has to pay for my college. He ....

Subjects: Dwellings; Islamic jurisprudence; Sales; United States

Fatawa

Money paid to tenant to vacate : money paid by owner to get renter out (khlow)‎

Question: Dear Sir, al Salam Alikom Wa Rahmato Allah Wa Barakatoh, I am asking about : I am living in a rented house since 1965, (35 years) and the owner of the house dead and her sons live in Egypt, they ....

Subjects: Islamic jurisprudence; Landlords and tenants; Money; Payments

Fatawa

Examples of lack of justifying needs : buying a house on interest

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, What the Shari'ah says about taking mortgage on a fix interest and fix term and try to pay-off the loan within that time frame ? May Allah reward you for helping Muslims. Ahmed.

Subjects: Housing; Islamic jurisprudence; Sales; Usury

Fatawa

Free gambling and lotto : internet free lotto : [1]

Question: I play lotto by Internet. It's free I do not pay any money. I have to say if this is Halal or not. Thank you very much..

Subjects: Gambling; Internet; Islamic jurisprudence; Lotteries

Fatawa

Trading currencies : future foreign currencies

Question: Is 'forward booking' in foreign exchange transaction permissible in Islamic Shari’ah ?.

Subjects: Foreign exchange; Islamic jurisprudence

Fatawa

Using interest rate as a discount factor in calculations

Question: I am an actuary by profession and engaged in calculating pension and carrying out valuation regarding pension funds. These actuarial valuations are used primarily to arrive at a sustainable contribution rate for the Pension fund. These pension funds are invested ....

Subjects: Discount; Interest rates; Islamic jurisprudence

Fatawa

Using property bought with interest for prayers and other usages : prayers on property bought with interest

Question: In USA lots of Muslim bought there home on mortgage i.e., they are paying interest every month on their properties. My question : is it o.k. to pray on the property (house) which is bought on mortgage ? Please let me know. Thanks..

Subjects: Islamic jurisprudence; Purchasing; Real property; Usury

Fatawa

Is interest a compensation for inflation ? : effect of inflation on long term debts

Question: As Salamu Alaikum. I was married in November, 1995, and the dower that was agreed upon was Pakistani Rupees 100,000 in current currency (Muajjal). We now live in the US, and at this time, I would like to pay my ....

Subjects: Dowry; Exchange rates; Foreign exchange; Inflation (Finance)

Fatawa

Getting financing from Islamic banks

Question: Al Salam Alaikum. Is it acceptable to deal with Islamic bank for finishing our home which is under construction and in this economic situation we live in Palestine we can not finish it ? So I heard that the bank ....

Subjects: Financing; Islamic Banks; Islamic jurisprudence

Fatawa

Recording a new mosque : registering a new local mosque

Question: [What is Shari’ah rule on registering a new local mosque ?].

Subjects: Waqf

Fatawa

Buying share, stocks and mutual funds : buying technology stocks

Question: Is it permissible to buy / sell stocks of companies that deal in technology and manufacturing or biotech, but that has debt and borrow money from banks for their research and development ? Thus, if the company deals in permissible ....

Subjects: Islamic jurisprudence; Purchasing; Stocks; Technology

Fatawa

Buying share, stocks and mutual funds : buying technology shares

Question: Assalamu Alaikum, is it lawful to buy shares in a technology mutual fund ? Although the companies themselves do not deal in anything Haram, some of them (I do not know) may borrow money from banks with interest to finance ....

Subjects: Islamic jurisprudence; Purchasing; Stocks; Technology

Fatawa

Working in insurance companies and as actuary : working in insurance companies

Question: Asalamo Alykom I want to ask doctor Qaradawy fatwa (question because : 1-I was his student 2-I believe that his the most admirable (Alam) in the 20th Century. The question is : I work for an insurance company in USA ....

Subjects: Insurance companies; Labour

Fatawa

Working in conventional banks : working in Islamic banks

Question: What about working in an Islamic bank in loans treatments ? Is it Halal or Haram according to Islamic point of view ?Notes : it is the only available job for me now. Do I accept it or not ?.

Subjects: Banks; Islamic Banks; Islamic World; Labour

Fatawa

Trading currencies : currency spot trading on margins

Question: I just join a new company which is working some like investment but difference is that we ask people to invest their money in our company but their is no limit profit they have to accept profit and loss, in ....

Subjects: Commerce; Islamic jurisprudence; Local currencies; Markup

Fatawa

Options in stocks, commodities and currencies : currency options

Question: Assalamu Alaikum, My question is about the ruling in Islam on currency options (a kind of investment)..

Subjects: Islamic jurisprudence; Local currencies; Options (Finance)

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