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Resolutions of Iftaa' Board

Resolution No.(25): "Ruling on the Mechanism of the Jordan Phosphate Mines Company Employees' Saving Fund"

Date Added : 07-12-2015

 

Resolution No.(25) by the Board of Iftaa`, Research and Islamic Studies: "Ruling on the Mechanism of the Jordan Phosphate Mines Company Employees' Saving Fund"

Date: 16/4/1413 AH, corresponding to 13/10/1992 AD.

We have received the following question: 
What is the ruling of Islamic Sharia on the Mechanism of the Jordan Phosphate Mines Company employees` saving fund?

Answer: All of Success is Due to Allah:
Sums that an employee takes from his salary, deductions from his pay, and equal sums paid by his company are all Halal (legal).
As regards profits, they are classified as follows: 
Profits that come from a Halal investment are Halal, such as: Company`s stocks and funds deposited in Islamic banks; whereas, those which come from a Haram (illegal) investment are Haram, such as: interests taken from non-Islamic banks and profits of companies that deal in Haram transactions.
In order for an employee to be on the safe side, he should seek the assistance of the financial officers and see what they think is most probable to be Halal money.
On the other hand, the Board is of the view that the illegal profits should be given to the poor and needy, even if they were his relatives whom he isn`t obliged to provide for and he is financially capable. This is because it isn`t permissible that he benefits from that illegal money directly or indirectly. Moreover, that money should also be spent on public projects.
The Board warns that in principle the mechanisms employed by such saving funds must comply with the rules of Sharia. And Allah Knows Best.

Chairman of the Iftaa` Board, The Grand Mufti of Jordan, Dr. Nooh Al-Qhodaat

     Sheikh Sa`eid Hijjawi

Dr. Ahmad Hilayel

Dr. Abdulsalam Al-Abbadi

     Mohammad Shewayat

   Dr. Yaseen Daradkeh

 

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Summarized Fatawaa

I am a wholesale gold trader. My clients are retail gold shop owners. I sell them gold jewelry and ornaments on credit, and they repay me in weekly installments over a period of two months or more. The payments are made in cash for the labor charges and for the gold they owe me. In return, they may give me either cash or used gold.
 

It is not permissible to sell gold or silver on an installment basis or with a deferred payment; rather, immediate exchange is required. The Messenger of Allah (PBUH) said: "Gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates, and salt for salt, like for like, hand to hand. Whoever gives more or asks for more has engaged in usury; the giver and receiver are the same in this regard." (Muslim). Additionally, the weight of the gold must be equal when exchanging new for used; otherwise, it involves usury. The solution is to buy the used gold with cash, then sell the new gold for cash as well. However, payment must be made at the time of the transaction in both cases. Alternatively, one could take the used gold with the intention of refining it, reshape it into a new form, or repair it, then take a fee for the workmanship or repair. And Allah Knows Best

Should one who doesn`t perform prayer out of laziness make it up later, and how should he/she do so?

All perfect praise be to Allah,The Lord of The Worlds                                                                                                                                                              He/she is obliged to make up missed prayers by offering with each obligatory prayer another one, and if he/she offers two, then it is better. And Allah Knows Best.

Is it permissible for a husband to sell his wife`s jewelry if he was in a hard up?

A woman`s jewelry and dowry are her own property, and it is forbidden for the husband to take either without obtaining her approval. However, it is desirable for the wife to support her husband through considering her jewelry a sort of documented debt on him.

Is it permissible for a man to marry up to four wives (polygamy in Islam) for pleasure although he can`t afford that?

It is desirable for the man to have one wife if there was no need for him to have more, if he can't afford marriage forthcoming expenses.

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