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

What is the ruling of Sharia on woman shaking hands with non-Mahram man?

All perfect praise be to Allah the Lord of the Worlds. May His peace and blessings be upon our Prophet Mohammad and upon all his family and companions.
The Messenger of Allah (PBUH) said: "It is better to be stabbed in the head than touch a woman to whom one isn`t related." [Transmitted by Al-Tabarani /Al-Mo`jam Al-Kabir, Hadith No.16880]. Accordingly, it is forbidden for men to shake hands with non-Mahram* woman. And Allah The Almighty Knows Best.
 
 
* The women/men that you are allowed to marry. It includes all women/men other than mahram (including cousins).

What is the ruling on someone who prays Fajr late, after sunrise, knowing that they wake up on time but return to sleep and do not perform it within its time?

It is obligatory to perform the prayer within its prescribed time. If someone wakes up and knows how to act, they must perform it before the time ends. If they delay it, they are sinful and must make it up. And Allah Knows Best.

Is it forbidden for a woman to dye her hair?

Praise be to Allah the Lord of the Worlds. May His peace and blessings be upon our Prophet Mohammad and upon all his family and companions.
It is permissible for a woman to dye her hair with other than black; however, the dye shouldn`t prevent water from reaching the roots of the hair. And Allah The Almighty Knows Best.

What is the amount of Zakah (obligatory charity) due on articles of merchandise?

The amount of Zakah due on articles of merchandise is (2.5%) of each article`s value after a whole lunar year had lapsed.