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Resolutions of Iftaa' Board

Resolution No.(112): “Ruling on Giving Bonuses to the Employees of the Awqaf(Endowments) Funds Development Foundation from the Net Income of Waqf Estates“

Date Added : 28-10-2015

 

Resolution No.(112): “Giving Bonuses to the Employees of the Awqaf (Endowments) Funds Development Foundation from the Net Income of Waqf Estates“

Date: 23/7/1427 AH, corresponding to 17/8/2006 AD.

 

The Board received the following question:
What is the ruling of Islamic Sharia regarding the profits yielding from operating the savings bank`s funds of the staff of the Jordan Potash Company at Jordan Export and Finance Bank and Jordan Insurance Company?
Answer: All success is due to Allah
The Board is of the view that the aforementioned profits are unlawful, for Allah The Almighty Says in the Noble Quran (what means): “If ye do it not, Take notice of war from God and His Apostle: But if ye turn back, ye shall have your capital sums: Deal not unjustly, and ye shall not be dealt with unjustly.“ {Al-Baqarah/279}. Therefore, they should be disbursed in favor of the poor, the needy, and public interest. And Allah Knows Best.

The Iftaa' Board
Chairman of The Iftaa' Board/Chief Justice/ Dr. Ahmad Hilayeel
         Dr. Yousef Ali Ghythan     
                      Dr. Abd-Al-Majeed Al- Salaheen   
Dr. Wasif Al Bakhry
                            Sheikh Abd-Al-Kareem Al-Khsawneh 
    Sheikh Sa'eed Hijjawi 
                                      Sheikh. Na'eem Mojahed                             

 

 

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Summarized Fatawaa

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Is buying and storing gold bars for profit permissible or prohibited?

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