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Resolutions of Iftaa' Board


Resolutions of Iftaa' Board

Resolution No.(72)“ Ruling on Charging a Percentage on Loans as an Allowance for Administrative Expenses and the Like “

Date Added : 02-11-2015

 

Resolution No.(72): “Ruling on Charging a Percentage on Loans as an Allowance for Administrative Expenses and the Like“

Date: 18/9/1424 AH corresponding to 12/11/2003 AD.

 

The Board received the following question: 

What is the ruling of Islamic Sharia on charging a percentage on loans as an allowance for administrative expenses and the like?

Answer: All success is due to Allah.

The Board is of the view that giving cash loans up to (800) JDs without a guarantee and with charging 3% as a contribution and allowance for administrative expenses isn`t permissible because this percentage is considered usury. However, it is permissible to charge a specific sum in return for administrative expenses and as a contribution, whether the loan is big or small. And Allah Knows Best.

 

Chairman of the Iftaa` Board, Chief Justice, Izzaldeen At-Tamimi

Dr. Yousef Ghyzaan

         Dr. Abdulsalam Al-Abbadi

      Dr. Wasif Abdulwahaab

  Sheikh Saeid Hijjawi

           Dr. Mohammad Abu Yahia

 

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Summarized Fatawaa

Is washing both openings (Istinjaa`) a must before every ablution?

Washing the front and back openings (Istinjaa`) is a must in case they have an impurity, but if they do not, there is no need for that, and Istinjaa` is not a condition for the validity of ablution.

I placed my hand on the Quran and made an oath to avoid doing a specific matter, but the devil seduced me. What is the ruling on this?

You are obliged to pay an expiation; feeding 10 poor and the cost of feeing one is half JD. And Allah Knows Best.

Is keeping money in and taking profits from the Islamic Bank lawful? 

If Allah Wills this is lawful, because they stipulate on theselves to work in accordance to the guidlines of Islamic Law. And Alalh Knows Best.

Is the Saum (Fasting) of someone who ate and drank forgetfully while offering fasting of oath expiation invalidated?

Whosoever eats, or drinks forgetfully is exempted by Allah; therefore, he/she shouldn`t break their fast whether it was obligatory, non-obligatory, or expiatory. And Allah Knows Best.

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