If I use scented soap in Ihram, do I have to give Damm?
Question: If I use scented soap in Ihram, do I have to give damm? [Question published as received.] The Fatwa In the Name of Allah, the Most…
Is it permissible to open a current account in a conventional bank?
Question: Is it permissible to open a current account in a conventional bank? [Question Published as Received] The Fatwa In the Name of Allah,…
Are inverse ETFs, stock options and naked options permissible?
Question: I have a few questions regarding stock options and inverse etfs. I know shorting the market is haram and riba is not allowed but…
Consuming Medication in Porcine Gelatine Caspules
Question: Is it permissible to consume medication that are in gelatine capsules? [Question Published as Received] The Fatwa In the Name of…
Where should Damm and Sadaqa for Ihram violation be paid?
Question: If a person commits an action which results in a penalty in Ihram, where should such payments be made? Can we pay it to our local…
Can I work in the Risk and Compliance department of a conventional bank?
Question: Can I work in the Risk and Compliance department of a conventional bank? [Question published as received] The Fatwa In the Name of…
Can one Imam lead two Tarawih prayers?
Question: Can one Imam perform taraweeh two times and lead two different jamaats in two different masjids, one after the other? [published as…
Can the sunnah prayers be performed sitting down?
Question: Can the sunnah prayers be performed sitting down? [Question published as received.] The Fatwa In the Name of Allah, the Most…
Sending Gifts Prior to Nikah
Question: Is it permissible to give a gift to a girl after the proposal has been accepted? [Question Published as Received] The Fatwa In the…
Consuming a sauce with crustacean-based ingredients
Question: Is it permissible to eat a sauce which has “crustacean” written on the ingredients? [Question published as received.]…
Research Paper: Shariah Review of Hedge Funds
Hedging involves reducing overall risk by taking on an asset position that offsets an existing source of risk. Its strategies encompass a…
Research Paper – Measuring Shariah Compliance in Senior & Subordinated Bonds
Bond investments are common, conventional fixed income instruments. The issuer promises to make regular interest payments to the investor…
Research Paper: Shariah Analysis of Options Trading
This research has attempted to present an overview of options and how it operates in the conventional markets as well as a Shariah analysis.…
Research Paper: Credit Default Swaps: Navigating the cross-section with risk sharing
The market for credit default swaps (CDS) has experienced explosive growth in the past. By the end of 2007, the outstanding amount was $62.2…
Research Paper: Solving the Dynamics of Shariah in ETFs & ETNs
Exchange-traded funds (ETFs) were launched in the early 1990s, combining the features of mutual funds and shares. In their 25-year…
Research Paper: Shariah Analysis of Contingent Convertible Bonds (CoCo)
Coco bonds are different to regular convertible bonds in that the likelihood of the bonds converting to equity is “contingent” on…
Research Paper: Decoding Compliance of Initial Coin Offerings
Initial Coin Offerings are an innovative way to raise funds by issuing tokens through blockchain technology. The issued tokens can vary widely…
Research Paper: The Shariah Factor in Cryptocurrencies and Tokens
Cryptocurrencies have become a buzzword across the world. The potential financial returns from cryptocurrencies have attracted Muslim…
Research paper: Zakat on Cryptocurrencies
Summary Any cryptocurrency or token purchased to resell will always be Zakatable. Zakat is due on the market value on one’s Zakat anniversary.…
A Shariah Analysis of Ownership and The Concept of Trusts
This short treatise analyses the concept of ownership in Shariah and considers the concept of a trust under Shariah. Ownership is described as…
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