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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

What is the ruling on a person who isn`t able to fast due to old age, or an incurable disease?

Paying the ransom is due on such a person, and that is giving a Mud (600 grams) of wheat, or rice, or the price of that amount to a needy Muslim for each missed fasting day. And Allah Knows Best.

Is permissible to buy/sell with non-Muslim?

Yes buying/selling for a Muslim with non-Muslim is permissible as regards what is lawful.

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 to give Zakah (obligatory charity) to one`s poor sister, or brother?

It is permissible for one to give the Zakah to his poor sister, or brother if providing for them isn`t due on him, and the sister doesn`t receive sufficient provision from whomever that is due on. And Allah Knows Best.

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