15 02, 2015

RIBA, ITS MEANING AND APPLICATION

2017-11-16T01:09:13+00:00 Economics|

Q: Respectable Mufti Saheb: Kindly forgive me for intruding on your precious time and specially during the Holy Month of Ramadan when you will be too busy. Also please forgive me in addressing this letter in English as perhaps [...]

15 02, 2015

DOLLAR JET GAME: GAMBLING

2017-11-16T01:09:21+00:00 Economics|

Q: There is a system called "Dollar Jet". Its procedure is as follows. This system is world wide and thousands of people are participating in this game. Please let us know whether it is lawful in Shari'ah. RELAX AND [...]

15 02, 2015

INHERITANCE OF A RUNNING BUSINESS

2017-11-16T01:09:53+00:00 Economics|

Q: "Yousuf has a moderate sized business. Two of his sons assist him full time in the business. Two daughters are married. Yousuf passed away. The estate is not wound up immediately. Yousuf's two sons continued with the business. [...]

15 02, 2015

THE INSURANCE OF CARS

2017-11-16T01:10:05+00:00 Economics|

Q; "Is car insurance permissible? The photo-copy of an article published in "Arab News" is enclosed wherein it is held that car insurance is perfectly permisslble and it is not against the concept of "Tawakkul" or "Taqdeer". Please explain [...]

15 02, 2015

COPYRIGHT IN ISLAM

2017-11-16T01:12:47+00:00 Economics|

Q; Can you please explain the Islamic injunctions about the "copyright", especially about the copyright on computer software? The questions are: (i) Can we register a book under the copyright Act which bars the people from publishing that book [...]

15 02, 2015

INSTALMENT SALES OF HOUSES

2017-11-16T01:12:54+00:00 Economics|

Q: "The Fiqh Academy has also allowed installment sales. Does this mean that I can now buy a house in UK or USA on installments bearing in mind that each installment includes repayment of "principal" and "interest". A: Sale [...]

15 02, 2015

Interest

2017-11-16T01:13:07+00:00 Economics|

Q: I have some interest credited to my account from my days of ignorance. However, I intended to give away this interest money by the end of this year. However, as you know, BCCI has been closed in UK [...]

15 02, 2015

ON FISCAL LAWS

2017-11-16T01:11:16+00:00 Economics|

Q: What is the deifinition of Riba (ربوا) according to the Holy Quran and Sunnah of the Holy Prophet (S.A. W). Does it cover the simple and compound interest existing in the present day financial transactions? A: The word, [...]

15 02, 2015

THE USE OF CREDIT CARDS

2017-11-16T01:11:00+00:00 Economics|

Q: Kindly throw some light on the use of credit cards, which are floating in the market. Majority of these cards belong to professional banking institutions, such as American Express, City Gold Card etc. However, some cards are issued [...]