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Session Details
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| Guest Name |
Dr. Monzer Kahf
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| Profession |
Scholar in Islamic Economics & Financial Expert
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| Subject |
Financial and Economic Issues
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| Date |
Sunday,May 9 ,2004
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Time |
Makkah
From...
17:00...To...
18:30
GMT
From... 14:00...To...15:30
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| Name |
Host
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| Question |
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| Answer |
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
Brothers and sisters, the session has already started. You can submit your questions. Please, make your questions short and clear so as to help us answer all your questions.
Yours,
Islam Online Fatwa Editing Desk.
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| Name |
Sami
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| Profession |
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| Question |
Can I work in a catering factory in which I may have to pack ham pieces for airlines while living in London?
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| Answer |
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
Packing ham for food is part of serving prohibited food, and a Muslim should not serve anything that is considered bad or harmful according to Shari’ah. This means that it is impermissible in Shari’ah to package any kind of food/drink that is prohibited for consumption. There is no doubt that serving harmful food items, whether it makes a full time job or it is part and incidental, is prohibited.
Having said this, I should add here that working in catering is permissible in itself if one can avoid packaging bacon or any prohibited food or drink items.
Allah Almighty knows best.
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| Name |
Nazeer
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| Profession |
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| Question |
I wish to start a business partnership with two brothers in our community. All capital will be provided by me 100%. I invest the capital, and all of us are working partners. I would like to share profits with my two partners. How can I do this justly? Also, do I carry full liability for losses? Does this affect my partners? Your assistance is appreciated.
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| Answer |
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
A loss is defined as a decrease in capital. This is both in Shari’ah as well as in accounting standards. Therefore, whoever owns the capital carries the losses. That is why in the kind of contract that you are subjecting, which is mudarabah with owner of capital, working with the mudareb – this is permissible according to the Hanbali school of fiqh-, is permissible but you carry all losses in case that happened.
The distribution of the profit must take into consideration the labor provided by the other mudareb, in this case the other two brothers who are going to work with you. Each one of them should be assigned a share of the profit that must be determined in the contract. For example, partner A would get 15% of the net profit, partner B would get 20 % of the net profit, and you will get 65 % of the net profit, in consideration of both capital and labor you provide.
Allah Almighty knows best.
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| Name |
Abdullah
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| Profession |
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| Question |
Is it permissible to buy stocks and shares based upon research doing computer charts and following patterns? If I buy and sell stocks using this method and sell on the same day, is it permissible? Some people say this method is 'speculating' on prices, is it speculating? Is it still permissible?
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| Answer |
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
It is permissible to buy stocks and sell them on daily basis, as usually done by traders as long as you buy and sell stocks that are permissible to be purchased /owned. Day trading is permissible; it was practiced at the time of the Prophet (peace and blessings be upo him) by more than one companions including Abdur-Rahman ibn `Awf and Hakim ibn Hizam.
Obviously, they traded items that existed at their time including live stocks, clothes, and imperishable food stuff.
Allah Almighty knows best.
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Sarah, urgent
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| Profession |
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| Question |
A few weeks ago, I had submitted a question about copying CDs and other such items for the sake of knowledge and in the answer I received it is okay to do so. Yet, my question is, what if one borrows a CD from a friend and then makes a copy? Is that allowed Islamically? Would it be allowed if one is in a tight financial situation or is it allowed in any case? Previously, you said that copy right laws are there to prevent illegal sales, yet if one is borrowing from a friend, are you not indirectly taking away the sales from the producer and would the case be different if you do not have the financial means and so will be missing out on the knowledge?
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| Answer |
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
All over the world, copy right laws do not forbid personal copying that is not used for making profits or sale. Sale of illegally copied intellectual product is prohibited both in laws and in the Shari’ah. Producers of intellectual products are not concerned with a personal copy you make to use at home. They are concerned about products that are sold in the Market and one should be more legal than the law itself.
Allah Almighty knows best.
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| Name |
Fatima
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| Question |
What does Islam say with regard to selling and recommending medications that contain alcohol, e.g., a pharmacist providing medication which contain alcohol ? Is this allowed?
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In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
The Prophet (peace and blessing be upon him) is reported to have stated that Allah did not make the cure of this ummah in what He prohibited for them. If Muslims today were scientifically advanced they would have not used alcohol in medicine. Actually, Muslims in the past invented the alcohol even the word itself is derived from an Arabic root but they did not use it in medicine.
Unfortunately, most medicines today are produced by non-Muslims and many of them contain alcohol. That is why when you take a prescription from a physician you should ask whether there is an alternative that does not contain the alcohol, and in case there is no alternative it is permissible to take medicines containing alcohol.
Allah Almighty knows best.
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| Name |
Huda
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| Profession |
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| Question |
What shall the newly converted Muslims do with their families, if they have problems with alcohol? Must they leave the family and do not help them by money, because it's haram to help those who can spend it at wine, or must they stay and try to help avoid it as much as they can? And if parents need help by money, but Muslim is not sure that they will not buy wine with it, must Muslim give money? And how in general to be in such situations for new Muslims because we have to remember also that Muslims must be respectful with their parents anyway? Is there any du`a’ to read about such parents?
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| Answer |
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
Dear sister,
A Muslim who is financially able is required to help her/his parents and minor siblings if they are in need regardless of their religion. If you are sure that they will buy prohibited items with your money – this happens only if they have no other income and they only live on these prohibited items – you may not give them money to buy the prohibited item. But if you give them cash for their support, and you know that they will buy food or other thing with it, it is then not of your business to interfere in how they are going to use their money.
If you are supporting them only partially you can support them in kind instead of cash. For example, you may pay their bills of gas, electricity, water, etc. or buy them clothes and main food items.
Allah Almighty knows best.
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| Name |
Sister in Islam
- Australia
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| Profession |
student
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| Question |
Is spending money on books and Qur’an to be given to Muslims for free (as a form of da`wah, gifts etc…) deemed charity/Zakah? Is Zakah obligatory upon the teenager who works? If this teenager is in a household which is involved in riba interest and so on is the sin on that teenager (who is 18 years old) even though it is the parents who made the decision to invest in property and loans? The teenager is obviously living under the affects of the loan (i.e. is in the house and using it and being in a lifestyle that is supported by the family). This teenager is also a sister.
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In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
1. A person, teenager or adult, is required to pay Zakah only if she has assets/savings of her own that reaches the amount of nisab (# US dollar 1000) and at the end of a lunar year (i.e. after 354 days) she has at least nisab, otherwise if this condition does not apply, Zakah is not obligatory.
2. It is permissible to spend voluntary charity on buying Islamic books and copies of the Qur’an for free distribution to Muslims and non-Muslims.
3. Zakah must be spent only on any of the 8 categories that are mentioned in the Qur’an (9:60). Spending on da’wah in a country like Australia through Islamic organization, may be considered part of the category # 7 mentioned on this verse I have just quoted. Spending on da’wah may also include distribution of free books. Such a suggestion must be done by an Islamic organization.
4. A son or daughter living in the household of their parent are not responsible of what their parents do. If you think that they are doing a wrong thing such as investing in interest-earning assets you may advise them kindly but they are still responsible for your livelihood as long as you are part of the household. The normal customs of Muslims is that a male or a female choice would leave their parents household until marriage; of course there are exceptions such as traveling to study or work in other towns /areas.
5. Not all interest-based decisions are prohibited. You know that taking interest-based loan to buy the primary residence may be permissible if the purchase is needed and ther is no Islamic financing available.
You can also read:
Virtues of Spending in the Way of Allah
Allah Almighty knows best.
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| Name |
Hani
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| Profession |
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| Question |
My questions are as follows: 1. Are there any resources on the internet where I can find information concerning what type of investment products we can invest our money in, i.e. options, derivatives?
2. I have been offered a job as an insurance representative, and I would like to know the Islamic view on Insurance? Can I accept this job offer? Thank you!
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| Answer |
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
1. Options are not permitted according to the resolutions of the OIC Fiqh Academy, for more information I suggest that you look at the Fatwa Bank in IslamOnline. There are many fatwas on investment, stocks, ect. You may like also to look at www.kahf.net especially the fatwa section.
2. Insurance is permissible in my opinion, following the views of the late Sheikh Az-Zarqa, provided it does not include interest. Consequently working as insurance representative is permissible provided that you don’t sell the kind of life insurance that is interest based.
You can also read:
Trading in Shares and Stocks
Allah Almighty knows best.
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| Name |
Tuba
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| Profession |
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| Question |
Thanks for your concern in advance. May Allah forgive us all.
I wonder if there is anything wrong with using credit cards that are available by non-Muslim banks if you can't get one from an Islamic one.
You know some banks give bonus for using these credit cards that you can spend as money to buy things. In our country if you pay for something in cash that offer a good discount and if you pay by credit card they don' offer any discount. Can it be seen as that the bank gives you the discount?
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In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
Using credit cards issued by conventional banks is permissible provided that you always pay within the grace period and do not use the card in any way that invokes the application of the interest clause. Also, getting the discount or rebate given by the card issuer is also permissible because it is a gift for promoting their business.
You can also read:
Is It Allowed to Use Credit Card?
Allah Almighty knows best.
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| Name |
Ibn Nasir
- Canada
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| Profession |
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| Question |
I made Riba and only learnt after that it was haram to earn it. What should I do with the money I made?
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| Answer |
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
Earned interest must be given to a Muslim charity because it is not your money and you must not return it to the bank that paid it because that gives the bank an opportunity to make more evil transactions. Such money must not be kept with your own proper money.
Allah Almighty knows best.
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| Name |
---
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| Question |
Is a son who is working, eligible to pay in money, for his father's needs, who is also working but with a lower income?
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In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
A son is required to support his parents if they need his support regardless of the income of either of them. In fact, you will be doing better if you make them live at the same standard of yourself.
Allah Almighty knows best.
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| Name |
jafar
- Kuwait
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| Profession |
web designer
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| Question |
Is working as a web designer halal? The job of the designer includes playing around with living things such as photos of human being, animals etc…
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| Answer |
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
Photos are permissible because they are imaging, and working as web designer even with animation is also permissible.
You can also read:
Fatwa on Photography
Allah Almighty knows best.
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| Name |
Ahmad
- India
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| Profession |
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| Question |
Being an orphan grandson, my father died before my grandfather. I have 6 uncles (father’s brothers) and 3 aunts (father’s sisters). My grandfather left a commercial land on his death. Three uncles and two aunts are in favor of applying Shari`ah rules regarding the distribution of the property while the rest uncles and aunts are in the opinion of equal division among ourselves so that I’m not deprived of the share. Kindly guide as two how this issue be resolved. Kindly tell me who is right and who is wrong. Can I get a share at all. If yes, then how much?
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| Answer |
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
The Islamic inheritance system decreed mainly in the Qur’an is obligatory and any Muslim who does not apply it is sinful and needs to repent to Allah along with applying the Islamic inheritance.
Also, any property taken by any heir above the share of the legal heirs that is decreed by the Shari`ah is haram and completely prohibited. You must advise your uncles and aunts to implement the Shari`ah.
According to the Shari`ah, the estate of your grandfather should be distributed into 17 shares. One share for each of the three aunts, two shares for each of the six uncles and two shares to the children of your deceased father, if you are his only child you take these two shares. This distribution is done under the assumption that your grandfather is not survived by a wife, his children are only ten as you mentioned and in application of the concept of obligatory last will or wasiyyah wajibah to the children of deceased child that is adopted by many contemporary Muslim scholars and included in the Islamic inheritance laws of many countries such as Egypt, Syria, Algeria, Iraq, Jordan. It is not in the hanafi school of Fiqh.
Allah Almighty knows best.
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