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Resolutions of Iftaa' Board

Resolution No.(100): “Ruling on Purchasing a Certain Quantity of Diamond from Abroad through The Arab Islamic Bank“

Date Added : 02-11-2015

 

Resolution No.(100) by the Board of Iftaa`, Research and Islamic Studies:

 "Ruling on Purchasing a Certain Quantity of Diamond from Abroad through The Arab Islamic Bank“

Date: 14/3/1427 AH, corresponding to 13/4/2006 AD.

 

 

Question:

Does diamond take the same ruling as gold?

Answer: All success is due to Allah.

The Board is of the view that diamond isn`t amongst the prices and doesn`t take the ruling of gold; therefore, it is permissible for the questioner to purchase whatever quantity he likes through the Arab Islamic Bank, provided that he adheres to the Sharia rulings pertaining to Murabaha sale. The most important of these are: The bank should purchase the diamond for itself first. After the diamond becomes in its possession and guarantee, it should sell it to the client/purchaser. This is based on what the Prophet(PBUH) said to Hakim Bin Hizam: “  I bought some food and made food and made a profit on it (by selling it) before I took possession of it. I came to the Messenger of Allah and told him about that and he said: 'Do not sell it until you take possession of it. "'{Ahmad}.

 

 

Iftaa` Board

Chairman of the Iftaa` Board, Chief Justice, Dr. Ahmad Hilayel

Dr. AbdulMajeed Al-Salaheen

Dr. Abdukareem Al-Khasawneh

Dr. Yousef Ghyzaan

Dr. Wasif Al-Bakhri

Sheikh Sae`id Hijjawi

Sheikh Nae`im Mujahid

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Summarized Fatawaa

Is Zakah (obligatory charity) due on land intended for selling?

Yes, lands intended for trade are valued, and Zakah is paid according to their estimated value after a lunar year had lapsed, but if the owner didn`t pay the due Zakah, then he should do so after selling them.

Are minors obliged to fast?

A male under the age of puberty isn`t required to fast, but his guardian should order him to fast if he was able to endure the hardship until being used for fasting in general. And Allah Knows Best.

What is the ruling on working for a company that manufactures cigarettes?

All Perfect Praise is due to Allah, The Lord of The Worlds

Working for a company that manufactures cigarettes is forbidden because smoking itself is forbidden, so its production, selling and circulation are forbidden as a result since they aid in committing sin, and whoever aids in that is like the sinner himself. And Allah Knows Best.

What is the ruling on praying behind an undesirable Imam?

It is permissible to pray behind an Imam who is undesirable for committing religious violations, and it is disliked for such an Imam to lead the prayer. Still, If he was undesirable for a personal, or a worldly matter, then such argument doesn’t hold water. And Allah Knows Best.

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