Resolutions of Iftaa' Board



Resolutions of Iftaa' Board

Resolution No.(112): “Ruling on Giving Bonuses to the Employees of the Awqaf(Endowments) Funds Development Foundation from the Net Income of Waqf Estates“

Date Added : 28-10-2015

 

Resolution No.(112): “Giving Bonuses to the Employees of the Awqaf (Endowments) Funds Development Foundation from the Net Income of Waqf Estates“

Date: 23/7/1427 AH, corresponding to 17/8/2006 AD.

 

The Board received the following question:
What is the ruling of Islamic Sharia regarding the profits yielding from operating the savings bank`s funds of the staff of the Jordan Potash Company at Jordan Export and Finance Bank and Jordan Insurance Company?
Answer: All success is due to Allah
The Board is of the view that the aforementioned profits are unlawful, for Allah The Almighty Says in the Noble Quran (what means): “If ye do it not, Take notice of war from God and His Apostle: But if ye turn back, ye shall have your capital sums: Deal not unjustly, and ye shall not be dealt with unjustly.“ {Al-Baqarah/279}. Therefore, they should be disbursed in favor of the poor, the needy, and public interest. And Allah Knows Best.

The Iftaa' Board
Chairman of The Iftaa' Board/Chief Justice/ Dr. Ahmad Hilayeel
         Dr. Yousef Ali Ghythan     
                      Dr. Abd-Al-Majeed Al- Salaheen   
Dr. Wasif Al Bakhry
                            Sheikh Abd-Al-Kareem Al-Khsawneh 
    Sheikh Sa'eed Hijjawi 
                                      Sheikh. Na'eem Mojahed                             

 

 

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Summarized Fatawaa

Is it permissible for a person who broke fasting in Ramadan because of being sick to pay a ransom?

If there is hope for him/her to be cured, then he would be required to make up for the missed fasting days when he/she recovers, and no ransom is due on him/her. If his/her disease is incurable, then he/she would be required to pay a ransom for each missed fasting day, which is (600) grams of wheat, or rice. And Allah Knows Best.

Should missed Sunnah prayer be made up?

Making up missed voluntary acts of worship is from Sunnah.

What should one who made an intention, at night, to make up for a missed fasting day, but broke his fast on the next day?

One who started making up a missed fasting day, then broke his/her fast without a legitimate reason is considered sinful, and is only obliged to make up for the missed fasting days. And Allah Knows Best.

I have 490 shares in a commercial company, and they have been held for a year. The price of each share is one dinar, noting that the shares are at a loss. I want to know the amount of zakat due on them?
 
 
 
 
 

Commercial shares are subject to zakat based on their current market value, even if they are at a loss. The zakat rate is 2.5%. And Allah Knows Best.