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Resolutions of Iftaa' Board


Resolutions of Iftaa' Board

Resolution No. (30): "Ruling on Dealing with Orphans Funds in Long-Term Transactions"

Date Added : 18-03-2021

Resolution No. (30): "Ruling on Dealing with Orphans Funds in Long-Term Transactions"
Date: 7/11/1413 AH, corresponding to 9/02/1993 AD

 

What is the ruling on the criteria adopted by Orphans' Fund Development Foundation?

The Board is of the view that the criteria adopted by the aforementioned foundation is the best for the time being; as well as the Board of Iftaa' urges it to exert more effort as regards continuous development in their methods in order to reach the proper justice while distributing profits and to look for all the means to obtain the best criteria in this regard. And Allah Knows Best.

 

 

Chairman of the Iftaa` Board, Chief Justice Dr.Nooh Al-Qodaat

Deputized Grand Mufti of Jordan, Sheikh Saeid Hijjawi
Dr. Abdassalam Al-Abbadi
Dr. Ibrahim Khash-shan
Dr. Mahmood al-Sartawi
Dr. Ahmad Hilayel
Dr. Rateb Ad-Daher
Mahmood Shewayat

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Summarized Fatawaa

I have 490 shares in a commercial company, and they have been held for a year. The price of each share is one dinar, noting that the shares are at a loss. I want to know the amount of zakat due on them?
 
 
 
 
 

Commercial shares are subject to zakat based on their current market value, even if they are at a loss. The zakat rate is 2.5%. And Allah Knows Best.

Is it permissible for the mother to offer an Aqeeqah (the sheep slaughtered on the seventh day from the child`s birth)for her son?

Aqeeqah is due on the one obliged to provide for the newborn, and it is permissible for the grandfather, or the mother to offer the Aqeeqah.

Is it permissible to abort a less than one-month-old fetus?

All perfect praise be to Allah the Lord of The Worlds. May His peace and blessings be upon our Prophet Mohammad and upon all his family and companions.
Abortion is forbidden; therefore, it isn`t allowed except if endangers the life of the mother and such thing should be confirmed by god- fearing, specialized, trustworthy medical doctors. And Allah The Almighty Knows Best.

My brother is settling a debt on my behalf and in return he takes 30% interest as an additional amount of the whole sum. Is this lawful or not?

This additional amount is considered prohibited interest (Riba) according to Islamic law, and it is not permissible to take it. And Allah Knows Best.
 
 
 
 
 

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