عربي
07 ربيع الأول 1445  ,  22 September 2023

Gentleness with the ... Date Added: 23-08-2023

Negative Aspects Emanating ... Date Added: 22-08-2023

The Agreement of the ... Date Added: 10-08-2023

I have Fasted on Days ... Date Added: 31-07-2023

Ramadan is the Month of ... Date Added: 30-08-2023

Guidelines for the ... Date Added: 29-08-2023

Announcement of the Passing ... Date Added: 28-08-2023

Birth of the Awaited ... Date Added: 28-08-2023

Fatawaa - Search Sections - Current Financial Issues

Islamic Ruling on the Contracts of the National Electricity Company Savings Fund

What is the Islamic ruling on the Savings Fund of the National Electricity Company and the Murabaha contracts dealt with by the Fund? (See attached copy).

? Read More
Islamic Ruling on the Insurance Contract of the King Hussein Cancer Foundation and Centre

What is the ruling of Sharia on the attached insurance contract of the King Hussein Cancer Foundation and Centre?

? Read More
Ruling on the Murabaha Contract of the Social Security Foundation Employees' Housing Fund
What is the ruling of Sharia on the Social Security Foundation Employees' Housing Fund (See attached copy)?
? Read More
Ruling on the Murabaha Contract of the "Money for Finance" Company

Would you clarify the ruling of Sharia on the contract of Murabaha to the purchase orderer of the "Money for Finance" Company; see attached copy?

? Read More
How to Distribute the Financial Benefits of Solidarity Funds among Beneficiaries

I have subscribed in the Solidarity Fund of the Jordanian Constructions Contractors Association and specified the beneficiaries, in the event of my death, as "My children." Does the word "Awladi/My Children" encompass males and females? Should the benefits be divided amongst them equally or in accordance with the rules of Sharia?

? Read More
Ruling on the Ju`alah Contract of the Jordanian Company "Smart Solutions for Financial Services"
What is the ruling on the Ju`alah Contract of the Jordanian Company "Smart Solutions for Financial Services", see attached copy?
? Read More
Ruling on Taking Guarantees from the Purchase Orderer before Receiving the Commodity from the Seller

We deal with an Islamic financial institution through a contract of Murabaha to the purchase orderer. However, this institution insists that we sign the contract and the promissory notes before it (bank) receives the commodities from the seller. What is the ruling of Sharia on this?

? Read More
Ruling on Restricting the Cheque with the Phrase "Not to be Cashed Save to the First Beneficiary."

We deal with an Islamic finance company through a contract of Murabah to the Purchase orderer.  This company writes the phrase "Not to be Cashed Save to the First Beneficiary" on the cheque that is paid to the seller. What is the Islamic ruling on writing this phrase?

? Read More
Ruling on the Commissions Charged through E-Wallets

I have e-wallets like Orange Money and Zain Cash. I use these to pay water and electricity bills and traffic fines on behalf of the clients. Is it permissible to charge a commission for this service? For example, if the electricity bill is 10JDs, the client pays me 11JDs. If the client transfers 100JDs through one of the e-wallets, I take 5JDs out of that sum. Is this permissible?

? Read More
Islamic Ruling on E-Commerce Drop Shipping

What is the ruling of Sharia on the e-commerce drop shipping? Is working in this line of business lawful or unlawful?

? Read More
Ruling on Reducing Murabaha Ratio for Previous Funding

An investment fund finances employees in the form of Murabaha to purchase orderer up to eight years. Currently, the fund is reviewing the Murabaha* ratios and is expected to reduce the ratios for future contracts by one percentage point compared to the Murabaha ratio currently applied. Accordingly, is it permissible to reduce the Murabah ratio for the old funding and is this reduction compatible with the expected reduction for the future Murabaha ratio?

? Read More
Ruling on Trading Currencies Using Option Contracts

What is the ruling of Sharia on trading currencies using option contracts?

? Read More
Ruling on the Financial Leasing Contract of Etihad Company

What is the ruling of Sharia on the amended leasing contract offered by Etihad Leasing Company?

? Read More
Ruling on Buying Counterfeit Goods

What is the ruling of Sharia on buying goods from companies that make lookalike goods bearing fake trademarks?

? Read More
Ruling on the Contracts of Aoun Islamic Finance

Would you clarify the ruling regarding the contracts of Aoun Islamic Finance whereas they consist of: a promise by the purchaser orderer, a contract of buying the goods that are intended to be financed by their owners and goods sale contract throughout Murabaha to the purchase orderer? 

? Read More