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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

What is the ruling on a woman who gets her menstrual period while fasting?

If a woman gets her menstrual period while fasting, her fast (of that day) becomes invalid, and she must make up for the missed days after Ramadan. Allah has granted ease to women in this situation, and she will be rewarded for not fasting because she is following Allah’s command.

Is fasting obligatory for a child?

Fasting is not obligatory for a child until they reach puberty. Puberty is determined by well-known signs, the most common of which are: nocturnal emission (for both males and females), menstruation (for females), or reaching the age of fifteen lunar years.
A guardian must instruct their children to fast once they reach the age of discernment, which is around seven years old, if they are capable of fasting.

Is Zakah (obligatory charity) due on the money saved for marriage?

Zakah is due on the money saved for marriage if it reached the Nissab (minimum amount liable for Zakah), and a whole lunar year had lapsed over possessing it.

Which is better in night prayer: long standing (Qiyam) or long prostration (Sujood)?

Long standing (Qiyam) is better in prayer. However, a Muslim should also observe tranquility and composure in their prayer.

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