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Some Fatwas of Islamic Banks



Iftaa' Department


*  Ruling on Financing Customs Duty through Murabaha

*  Ruling on "Earnest Payment" in Murabaha and Finance Lease

*  Imposing Commission on Current Account if Balance Drops below the Specified Amount

*  Ruling on Letters of Guarantee and Taking a Commission for them

*  Ruling on Prizes for Savings Accounts in Islamic Banks

*  Observations on Contracts of Murabaha to the Purchase Orderer

*  Islamic Banks must Adhere to the Conditions of Murabaha Contract of Sale

*  Islamic Bank Must Own Commodity before Selling it to Client

*  Binding Client by "Promise to Purchase" in Murabaha Contract doesn`t Mean that Sale Transaction Takes Place before Commodity is Transferred into the Possession of the Client

*  Ruling on Building Decorations for Stores through Murabaha

*  Murabaha Contract of Sale is Permissible in Sharia

*  Employees of Islamic Banks must Commit to Islamic Application of Contracts

*  It is Permissible to Stipulate Covering Debt Payments in the Event of Debtor`s Failure to Pay on Time

*  Commodity Murabaha in the Jordan Islamic Bank

*  Ruling on the Finance Lease of the Jordan Islamic Bank

*  Ruling on the Murabaha Contracts of the Jordan Dubai Islamic Bank

*  Ruling on the Closed-End Lease of the Arab Islamic Bank after Last Amendment Made in Ramadan 1431H

*  Is the Auto Murabaha of the Arab Islamic Bank-where Fees of Ownership Transfer are Paid Once-Valid?

*  The Sharia Evidence on Linking Rent with a Changing Margin in the Closed-End Lease of the Arab Islamic Bank

*  Ruling on Personal Financing Used by some Islamic Banks

*  Wants to Raise the Price of the Property to Get the Cash

*  Some Types of Fraud People Use to Trick Islamic Banks

*  Islamic Ruling on Insurance of Debt

*  Ruling on Interest-Free Loans Granted by the Islamic Bank to Teachers

*  Islamic Ruling on Investing in the Islamic International Arab Bank

*  Ruling on Opening Savings Accounts at Islamic Banks

*  Ruling on the Profits Distributed by Islamic Banks

*  How to Divide a Joint Bank Account among the Heirs?

*  Ruling on the Joint Investment Account Offered by Al-Rajhi Bank

*  Resolution No.(49): "Ruling on Financing the "Diminishing Partnership" Offered by the Central Bank to its Employees"

*  Resolution No.(53) : “ Ruling on Awards Offered by the Islamic Bank in Accordance with a Particular Mechanism “

*  Resolution No.(167): "Ruling on the Uncovered Credit Card at the Islamic Bank"

*  Resolution No.(171): "Ruling on Organized Tawaroq Sale Carried out by some Islamic Banks"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summarized Fatawaa

Is it permissible to sacrifice imported livestock (Such as Romanian, Australian, etc.)?

 

Praise be to Allah, and peace and blessings be upon our master, the Messenger of Allah.
 
As long as the sheep meets the prescribed Sharia age and is free from disqualifying defects, it is valid for sacrifice regardless of its country of origin. Therefore, it is permissible to offer sacrifices from various sources, such as: Romanian, Australian, Spanish, Indian, Sudanese, local (Baladi) livestock, and others. And Allah the Almighty knows best.

Is Zakah (obligatory charity) due on articles of merchandise even if they were stacked in the merchant`s stores for years?

Yes, Zakah is due on goods even if they were stacked in merchant`s stores for years, in this manner Islam struggle against monopoly.

What is the ruling on using an inhaler while fasting?

Using an inhaler through the nose or mouth breaks the fast because the medication in these inhalers is intended to reach the lungs, which are considered part of the body cavity (jauf).
● If a person needs to use it occasionally, they may use it while fasting, continue refraining from food and drink for the rest of the day, and make up for the missed fast later.
● If a person needs to use it daily, they may use it while fasting, continue refraining from food and drink, and pay fidyah (feeding one needy person per missed day).

Is it required for a discerning child to make the intention at night if they wish to fast?

If a discerning child wishes to fast during Ramadan, they must make the intention at night because intention is one of the pillars of fasting, even though fasting is not obligatory for them.

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