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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

What is the ruling on a person who broke the fast a day in Ramadan due to hardship?

He/she is obliged to make up that day.

Who should pay the Zakah (obligatory charity) from the orphan`s money?

His/her guardian, and if the latter fails to do so, then the orphan himself/herself is obliged to pay the Zakah once he/she reaches puberty, and is capable of handling his/her own affairs. And Allah Knows Best.

Is buying shares from the Arab Bank permissible?

Buying and selling shares owned by usrious companies is impermissble. And Allah Knows Best.

What is the ruling on using bank cards such as Visa and MasterCard?

All perfect praise be to Allah, The Lord of The Worlds, and may His Peace and Blessings be upon our Prophet Muhammad and upo all of his family and comapnions                                                                                                                                                                                                                                        It is permissible to use such cards in accordance with the following conditions: 1- The issuing body does not stipulate collecting interest upon late payments. 2- The merchant does not increase the price of the goods due to an increase in the commission collected from him by the card issuer. 3- The purchased item(s) should not be gold, silver or currency in case the card is not covered. And Allah Knows Best.

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