Browse one of the world's largest database of Islamic finance Q&As available online.
Search Results
Permissibility Of Rebates And Rollovers
According to scholars, rebates for prepayments are not permissible if it becomes customary practice, or is stipulated in the agreement or becomes...
According to scholars, rebates for prepayments are not permissible if it becomes customary practice, or is stipulated in the agreement or becomes...
Investment In Commodity And Currency Funds
If by commodity and currency funds what is meant is what is typically available in the conventional market, the reason is that most of these funds...
If by commodity and currency funds what is meant is what is typically available in the conventional market, the reason is that most of these funds...
Concept Of Promise In Islamic Finance
Although Islam prohibits the execution of a future sale, it is permissible to make a promise for a future sale. For instance, if a sales...
Although Islam prohibits the execution of a future sale, it is permissible to make a promise for a future sale. For instance, if a sales...
Unclaimed Cheques
It is permissible to give these funds away in charity after the bank has made every attempt to contact the client. If the owner returns after the...
It is permissible to give these funds away in charity after the bank has made every attempt to contact the client. If the owner returns after the...
It is not lawful for the importer to pay the bank 20% as profit margin on the deal in order to guarantee the transfer of the value of goods to the...
Brokers Charging Fee
It is permissible for brokers and managers to charge a fee for their services, either as a pre-agreed fixed amount or as a pre-agreed percentage of...
It is permissible for brokers and managers to charge a fee for their services, either as a pre-agreed fixed amount or as a pre-agreed percentage of...
Bonds
Bonds are interest-bearing securities that obligate the issuer to pay the holder an interest charge in addition to the principal amount at some...
Bonds are interest-bearing securities that obligate the issuer to pay the holder an interest charge in addition to the principal amount at some...
Investing In Unlawful Business
It is impermissible to invest in anything when one is certain the investment will not be used lawfully, and offensive when one doubts whether the...
It is impermissible to invest in anything when one is certain the investment will not be used lawfully, and offensive when one doubts whether the...
Accepting Stolen Investment
It is impermissible to give or take investment when one is certain the investment itself is stolen; if there is doubt then it is permissible to...
It is impermissible to give or take investment when one is certain the investment itself is stolen; if there is doubt then it is permissible to...
Financing An Unlawful Business
It is impermissible to provide financing when one is certain the money will not be used lawfully, and offensive when one doubts whether the money...
It is impermissible to provide financing when one is certain the money will not be used lawfully, and offensive when one doubts whether the money...
Disclaimer: Although care has been taken in preparing the information contained in this Q&A database, Ethica Institute of Islamic Finance cannot guarantee the accuracy thereof. Anyone using the information does so at their own risk and shall be deemed to indemnify Ethica Institute of Islamic Finance from any and all injury or damage arising from such use. One should double check with a qualified scholar to see whether the Q&A applies to one's particular situation.
ASK AN ISLAMIC FINANCE QUESTION
Each question is reviewed by an Islamic finance expert and approved by a scholar.
