Some Fatwas of Islamic Banks


*  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

Why was the exact date of Laylat al-Qadr concealed?

The wisdom behind this is to encourage Muslims to strive in worship throughout all the nights of Ramadan, or at least in the last ten nights. By doing so, they will earn the reward of observing Laylat al-Qadr as well as the reward of worshiping on other blessed nights.

What is the ruling on making up missed prayers during prohibited times?

 

Praise be to Allah, and peace and blessings be upon our Master, the Messenger of Allah.
 
It is permissible to make up (qada’) missed prayers at any time, even during the periods when prayer is generally prohibited. The prayers that are forbidden and considered invalid during these times are 'absolute voluntary prayers' (nafl mutlaq)—which have no specific cause—and voluntary prayers whose cause follows the prayer itself, such as the Sunnah of entering Ihram or the Sunnah of the Istikharah prayer. Furthermore, no prayer is considered disliked (makruh) during these prohibited times when performed within the Meccan Sanctuary (Makkah al-Mukarramah).
 
It is stated in Bushra al-Karim (Vol.1/P.181), one of the Shafi’i texts: 'It is not forbidden to perform prayers that have a cause that is not delayed (i.e., the cause is preceding), such as making up a missed prayer (fa’itah)—even if it was a voluntary one—and the funeral prayer (janazah); or a cause that is simultaneous, such as the prayer for rain (istisqa’) or the eclipse prayer (kusuf)... and the Sunnah of wudu, the greeting of the mosque (tahiyyat al-masjid), the Sunnah of circumambulation (tawaf), the Sunnah of arrival, and the prostrations of recitation (tilawah) or thankfulness (shukr). These mentioned prayers and their like are not forbidden provided that one does not specifically intend (ta'ammud) to perform them during the disliked time because it is a disliked time. If one does so intentionally, it becomes forbidden, even if it is a mandatory makeup prayer that is due immediately; because in that case, one is acting in defiance of the Sharia. This is in contrast to when one does not specifically seek out that time, even if the prayer happens to fall within it, or if one seeks it for another purpose—such as delaying a funeral prayer to that time so that a larger number of people may pray over the deceased; in such cases, it is permissible and valid... And it is forbidden to perform prayers with no cause at all, like absolute nafl, or those with a delayed cause, such as the Istikharah prayer, the prayer for Ihram, the prayer for a need (hajah), the prayer before leaving the house, or the prayer before execution; because their causes occur after the prayer itself.' And Allah the Exalted 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.

When is supplication (du‘a) more likely to be accepted: before or after breaking the fast in Ramadan?

Du‘a is accepted at all times, and this is part of Allah’s mercy and generosity toward His servants.
The Prophet ﷺ said: "No Muslim makes a supplication that does not involve sin or severing family ties except that Allah grants them one of three things: either He grants their supplication immediately, or He stores it for them in the Hereafter, or He averts from them an equivalent harm." [Narrated by Ahmad]
However, in Ramadan, du‘a is especially likely to be accepted shortly before breaking the fast.
The Prophet ﷺ said: "Three supplications are never rejected: the supplication of a fasting person until they break their fast, the supplication of a just leader, and the supplication of an oppressed person. Allah raises it above the clouds, opens the gates of heaven for it, and says: ‘By My might, I will surely grant you victory, even if after a while.’" [Narrated by Al-Tirmidhi]