 |
|
|
|
Session Details
|
| Guest Name |
Dr. Monzer Kahf
|
| Profession |
Scholar in Islamic Economics & Financial Expert
|
| Subject |
On Financial Issues
|
| Date |
Tuesday,Oct 20 ,2009
|
|
Time |
Makkah
From...
17:00...To...
18:30
GMT
From... 14:00...To...15:30
|
| |
| Name |
Host
-
|
| Profession |
|
| Question |
|
| 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.
|
| |
| Name |
Najm
-
|
| Profession |
|
| Question |
As Salaam Alaikum scholars,
My question is; "Is - the participation in visa lotteries lawful?
|
| Answer |
Wa`alaykum As-Salaamu Warahmatullahi Wabarakatuh.
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.
Any lottery is prohibited to offer or to take. I do not know what do you mean by visa lottery, may it be not lottery? Please describe it in clear details.
Allah Almighty knows best.
|
| |
| Name |
ARIFUL
-
|
| Profession |
|
| Question |
Assalamu alaikum,
Please clarify to us the saving scheme of national bonds of UAE. They declared that it is based on Mudaraba but this saving scheme also have weekly draw of 1 million. This prize is allowed to accept in Islam. Please clear it to us because many young generations involve with this national bond and say that it is Mudaraba based but till now we are in confusion.
|
| Answer |
Wa`alaykum As-Salaamu Warahmatullahi Wabarakatuh.
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.
To the best of my knowledge the national scheme of Dubai is Istisna' based and it is permissible. Offering draws and prizes as a part of advertisement and promotion is permissible. My concern comes only from the point that the amount of the prize is high. The rule is when the prize is high, people may contribute in this scheme for the prize not for the investment itself. In other words, whenever the amount of the prize is substantial to an extent that people participate in this investment for the draw not for the return on the investment, such kind of prize become closer to Riba. The OIC Fiqh Adacemy rules that a bond with a draw based prize is Haram because this prize is Riba. Notice in this ruling that this Riba is the only return on the bonds. If it becomes the majority of the return, it is much closer then to Riba than to permissible practices. I don't know the structure of the UAE national bond; if it is Mudarabah, it must then be permissible with the same concern about the size of the prizes in a year.
Allah Almighty knows best.
|
| |
| Name |
mohammed
-
|
| Profession |
|
| Question |
Respected Scholars assalamu alaikukm,
I am living in India and I have fixed some money in post office which will get some fixed interest every month. Is it Haram to take the interest of the money? Somebody said that in India it is not Haram. So, please clarify me as per the Islamic law and what Qur'an says. In addition, I am taking this money since some past years, then if it is Haram, what should I do? And another thing is I am not using this money on my food stuff, I am spending on my electricity bills, water bills etc. So please guide me!
|
| Answer |
Wa`alaykum As-Salaamu Warahmatullahi Wabarakatuh.
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 Qur'an says that Allah prohibited Riba (2:275) and did not distinguish between India and other Countries. Riba is Haram everywhere including the Indian Post Office. Money earned by mistake, before a person knows the rulings of Shari'ah should be given to Muslim charity institutions. Once a Muslim knows the Shari'ah ruling she/he must quit the prohibited practice and repent to God. Using interest for electricity or for food is, in fact, the same because you consume electricity and food the same way. Use your money in ways that are permissible in our religion such as making projects with friends and families.
Allah Almighty knows best.
|
| |
| Name |
shahbaaz
-
|
| Profession |
|
| Question |
Respected scholars assalamu alaikum,
Dear sheikh, I have given some of my money to one of my friend in 2003 and he have returned them to me in 2007. So, how should I take the money even he did not know about it and I did not know? Should I take the same amount of money or not? Please tell me what should I do according to Islam?
|
| Answer |
Wa`alaykum As-Salaamu Warahmatullahi Wabarakatuh.
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.
Money given as a loan should be returned in the same quantity. If you lent 10 British Pounds you take back 10 British Pounds. Between 2003 and 2007, there was not considerable change in what BP could buy.
For loans that are to be paid after a long time, or short time but with substantial difference on the value of currency during that period, the two parties should sit together and agree on an amount to be taken as a settlement of such a loan. Then, this settlement should be based on the situation both have in matter of wealth and income. If they failed to agree they should seek arbitrators to mediate and determine the due amount as a result of these big differences.
Allah Almighty knows best.
|
| |
| Name |
hoda
-
|
| Profession |
|
| Question |
Someone has betrayed me out of over 100 thousand dollars. This same person kept me waiting for 8 years by promising on the Name of God and Qur'an to marry me and now I just found out he is already married. He was only conning me for money. Cursing is all I can do. What does Islam say about cursing? Is there really a punishment by God to these people who defraud their fellow Muslims especially for marriage such a sensitive issue for a girl and her family? What is the punishment for these lowlife peoples who trying to gain benefit by ruining others life?
I really need help about this issue since I have been cursing and cursing this man so much to the point I am afraid that God might punish me instead. I have been devastated emotionally by this man who I piously and genuinely loved, taking into consideration that this is not acceptable in Islam before marriage but my intentions were free of any illegal thoughts and intentions and same he came across to me. I trusted him wholeheartedly and blindly but betrayal is what he gave me in the end.
|
| 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.
Allah informed us that not any small thing of good or bad is wasted; every action one does will be faced with on the Day of Judgment and will be held accountable for it. Allah may forgive sins towards Him but getting other people's property is not included. Why don't you leave this matter to Allah and ask Him to give you justice instead of cursing in absentia!
Allah Almighty knows best.
|
| |
| Name |
abdullah
-
|
| Profession |
|
| Question |
If one is to open a bank account and request all Riba to be waived on his account. How is that going in harmony with Islam when Riba will be accumulated on your account and others will get it? Practicing Islam is the most important thing, but pretending to be blind is not the intention even if the Islamic alternatives available in these days are ridiculous (for accounts, loans etc). With all due respect, what you are saying is correct, but we continue to be stuck without any real solutions and we only have ourselves to blame.
|
| Answer |
Wa`alaykum As-Salaamu Warahmatullahi Wabarakatuh.
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.
No what I am saying is not ridiculous. It is rather very sensible. We are not giving solutions to the world; we are rather discussing a special case of a worker who receives his salary. Besides, current account in most conventional banks does not generate interest. They rather cost the bank to maintain to the extent that many bank find it inconvenient to them to have a current account for small amounts.
Lastly what you say about Islamic banks is also incorrect. Most Islamic banks behave very well according to the Shari'ah and whatever mistakes some of them may make is caused by errors in understanding certain issues not by intention to deal with Riba or to make any Haram. You really should be much more reserved in making such statements that are in reality incorrect.
Allah Almighty knows best.
|
| |
| Name |
alaa
-
|
| Profession |
|
| Question |
I want to marry a girl whose father works in a bank. I think that working in a bank is not permissible, but I like this girl. I heard a Hadith that the Prophet indicated that every body made up of Haram, the Hellfire is more entitled with it. Accordingly, what is your advice to me? Should I refrain from marriage with her despite that she practices Islam very well? Sorry for my question and waiting for your answer.
|
| Answer |
Wa`alaykum As-Salaamu Warahmatullahi Wabarakatuh.
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.
Here again you have decided about the fatwa yourself, then why are you asking? Working in a Riba-based bank is not necessarily prohibited. If a worker does not participate in any of the four prohibited actions in relation to Riba, then it is not Haram to work in a Riba institution. The Hadith you referred to in the question is correct and we should abide by it by avoiding any and every Haram income and if it happens that a Haram income belongs to us we should give it to Muslim charity. Besides, the sin of earning Haram is on the earner not his children. My advice is that if the girl is good and suitable do not let this point soil your plans.
Allah Almighty knows best.
|
| |
| Name |
ahmad
-
|
| Profession |
|
| Question |
Assalamu alaik
Dear sheikh,
I am working in a publishing company but we have some thing which is that they transfer our salary to a Riba-based bank. I know that I just take only my salary but is there any kind of prohibition in this?
Thanks Sheikh
|
| Answer |
Wa`alaykum As-Salaamu Warahmatullahi Wabarakatuh.
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.
There is a great convenience to employers to make payment through bank transfers; they have the right to do that. Also, there is no sin on you to have a current account in a conventional bank as long as you do not take Riba. Of course, if there is an Islamic bank in your area, it is better to deposit with it than a Riba based bank. If there is an Islamic bank, advise your employer to deal with it or at least to transfer your salary to your account with it. But even if this is not done for any reason, it is still not Haram to have your salary to a Riba based bank as mentioned above.
Allah Almighty knows best.
|
| |
| Name |
yasmin
- South Africa
|
| Profession |
housewife
|
| Question |
Assalamu alaikum
The recession is affecting my husbands business very badly. Please, give me a du`a to read for Allah (SWT) to open the doors of Rizq as we are very stressed out as a family? Salam
|
| Answer |
Wa`alaykum As-Salaamu Warahmatullahi Wabarakatuh.
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.
Keep the Du`a: Rabbi Ighfir li dhanbi wawassi' li fi dari wa barik li fi rizqi (O Allah, forgive me my sin, expand my house for me and bless my Rizq).
Allah Almighty knows best.
|
| |
| Name |
M
-
|
| Profession |
|
| Question |
Assalamu alaikum sheikh,
My question is what is the ruling of Islam on currency trading, i.e. purchasing and selling dollars and other foreign currency? I think there is no problem with it but some people say that is not allowable because it damages the national income? What is the right view in accordance with Islam?
Thanks
|
| Answer |
Wa`alaykum As-Salaamu Warahmatullahi Wabarakatuh.
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.
Buying and selling currency is permissible when it is genuine done by people who need these transactions and deal with them for providing services like money exchangers in tourism areas.
What is problematic is when we trade currencies for speculation gambling style such as sitting on the internet in the evening when New York market is open and trading currencies. This action is pure speculative and has no purpose of needing a currency or providing a service. I do not agree on trading currencies for speculation, or day trading and all internet currency trading, this is not a trade we should give it proper name "gambling style speculation"
Allah Almighty knows best.
|
| |
| Name |
Erin
- United States
|
| Profession |
Student
|
| Question |
With the availability of the Burqini, are Muslim girls permitted to attend swimming classes in high school?
|
| 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.
Please address this question to a general Fatwa session.
Allah Almighty knows best.
|
| |
| Name |
Editor
-
|
| Profession |
|
| 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, we are so sorry for not answering all your questions because the time is over. We apologize for any inconvenience. Do keep in touch. Join us in coming sessions.
Yours,
Islam Online Fatwa Editing Desk.
|
|
|
|
| All Fatwas published on this website (Islamonline.net) represent the juristic views and opinions of eminent scholars and Muftis. They do not necessarily form a juristic approach upheld by this website. Click here to read Full Disclaimer. |
|
|
|
|
|
