Benevolent Contracts

Charity-based contracts are the contracts effected by someone on the basis of benevolence (ihsan) and cooperation (ta’awun), which does not require the exchange of something for another thing. Therefore, an asset ownership in this regard is acquired without any counter-value. For further details see: ISRA, Islamic Financial System; Principles and Operations.

Hibah


Hibah In Inter-Bank Mudharabah Investment Contract
Hibah In Al-Ijarah Thumma Al-Bai’
Can High Net-Worth Accountholders Be Promised Special Privileges?
Giving Hibah As Compensation For Delayed Payments
Resolution No: 13 (1/3)[1]: Concerning The Islamic Development Bank’s inquiries
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 165th Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 158th Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 148th Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 147th Meeting
Giving a Rebate for Early Payment in a Deferred Purchase Sale
Resolution No. 184: Gifts offered by the Corporation to its clients for purchasing traveller’s checks
The End Buyer Wants to Pay the Original Seller a Sum to Settle a Price Dispute between the Original Seller and the Intermediate Buyer
الجوائز النقدية أوالعينية
Hibah In The Takaful Industry
Accepting Hibah from The Customers
Hibah In Loan (Qardh)
Offering a Discount for Paying on Time in a Deferred Purchase Sale
The Buyer Intends to Resell the Goods; Can the Buyer Stipulate a Discounted Price on Any Unsold Items in Case the Seller Lowers His Prices?
Can a Property Be Bought from a Company and Leased Back to It, Ending with a Gift of the Property to It?
Is It Allowed To Give the Leased Car to the Lessee or Sell It to Him for a Nominal Price at the End of the Lease Contract?
After Buying a Person’s Debts, Is It Allowed to Give Him a Gift?
Is It Allowed to Take the Profit Given by Central Banks for the Deposit of Surplus?

Hadiyah


Can a Landlord Give Selective Discounts to Some Renters?
Giving a Customer Facilities to Buy Foreign Currency
Can High Net-Worth Accountholders Be Promised Special Privileges?
Are Promotional Contests That Offer Prizes a Form of Gambling?
Can an Islamic Bank Provide Aid to Certain Clients in Return for Keeping Accounts with the Bank?
Resolution No. 179: The Corporation issuing a free Iyābā card for subscribers to the Visa gold card
Resolution No. 184: Gifts offered by the Corporation to its clients for purchasing traveller’s checks
Can the Primary Seller Give a Performance Award to the Murabahah Buyer for Retail Sales of Its Products and Ignore the Middleman?
الجوائز النقدية أوالعينية
الجوائز النقدية أو العينية على الحسابات
أرباح حساب الحج
تحويل عملية مرابحة فاسدة إلى قرض حسن
توزيع الجوائز النقدية لودائع الاستثمار
توزيع جوائز للحسابات الجارية والادخارية
Is Comprehensive Auto Insurance Allowed?
Can a Sales Agent Be Paid a Fixed Fee Plus an Incentive Commission?
What is the Rule When an Unrestricted Investment Deposit Holder Wants to Withdraw His Deposit before the End of the Deposit Period?
Can Sellers Give Lucky Draw Coupons in Order to Give Prizes to Shoppers with More Purchases?
Can an Islamic Bank Give a Credit Card as a Prize to Murabahah Buyers and Add the Cost of the Card to the Murabahah Base Price?
Can Contests with Prizes Be Used to Encourage Tenants of Properties Owned by an Islamic Bank to Open Accounts with the Bank to Facilitate Rent Payments?
Can an Islamic Bank Give Some Current Account Holders Special Privileges?
Can Lucky Draw Prizes Be Used as a Marketing Tool?
What Is the Ruling on a Lucky Draw Contest That Requires no Purchase to Participate but Is Run by a Conventional Bank?
Can an Islamic Bank Give Gifts to Holders of Accounts Having Funds above a Certain Amount?
Can Employees Accept Gifts from Representatives of Companies Doing Business with Their Employer?
Is It Allowed to Deprive an Employee of Contractual Benefits for Reasons not Directly Related to His Job Performance?
Is It Allowed to Accept Gifts from Usurious Institutions?
Is It allowed to Sponsor Some Types of Sports?

Qard


Resolution No. 179 (19/5): Tawarruq: its meaning and types [Organised Tawarruq Impermissible in 2009]
Can the Lessor Invest the Tenant’s Security Deposit?
Which Day’s Exchange Rate Should Be Used in Repaying the Bank for Withdrawals on a Bounced Foreign Check?
Leasing Combined With Property Development
Resolution No. 50 (1/6): Real Estate Financing
An Islamic Bank Has an Account in Foreign Currency with a Foreign Bank and Vice Versa. Can They Treat Each Other’s Deposits as Non-Interest Loans for Investment?
The Islamic Development Bank inquiry regarding financing long-term infrastructure projects
Can the Bank Impose Charges on Withdrawals from a Current Account?
Can the Bank Impose Restrictions on Withdrawals from a Current Account?
Can Two Banks Agree to Allow Each Other Overdraft Privileges as Interest-Free Loans?
Investments Using Funds in Accounts Set aside for Insurance on Leased Apartments
Is It Lawful for a Debtor to Offer to Pay Part of a Debt before the Due Date on the Condition That Extra Time Be Given to Pay the Rest?
Providing Customers No-Interest Loans to Trade Currency for Profit
Resolution No: 13 (1/3)[1]: Concerning The Islamic Development Bank’s inquiries
Borrowing Gold to Sell It; with Periodic Settlements with the Original Owner
Can a Creditor Make His Loan Conditional on the Borrower Buying from or Selling to the Creditor?
Can a Lender Stipulate a Reciprocal Loan as a Condition for Lending?
Can an Islamic Bank Allow a Client with a Large Account to Remain Overdrawn for a While?
Can an Islamic Bank and Conventional Bank Loan Each Other Money if the Loans Bear No Interest?
Can an Islamic Bank Charge Borrowers for Administrative Expenses Related to Managing the Loans?
Can an Islamic Bank Give an Interest-Free Loan to a Company That Plans to Use It for Currency Speculation?
Can an Islamic Bank Provide Aid to Certain Clients in Return for Keeping Accounts with the Bank?
RESOLUTION No. 101 (4/11): DEBT SALE AND LOAN DEBENTURES AND THEIR ISLAMIC SUBSTITUTES IN PUBLIC AND PRIVATE SECTORS
Can Two Companies Loan Each Other Offsetting Interest-Free Loans in Two Different Currencies?
How to Treat an Overdraft on an Investment Account?
Is an Exchange of Deposits a Type of Loan with an Added Benefit?
Resolution No. 83: Amānah (Safekeeping) Precious Metals Accounts
Resolution No. 106: an overdraft agreement
الجوائز النقدية أوالعينية
رهن محل تجاري للبنك وتمكينه من الانتفاع بنصف مردود المحل المرهون
إنفاق حصيلة الإيرادات الناتجة من الفوائد المحرمة وغرامات المدينين المعسرين المماطلين
قيام البنك بإيداع وديعة لدى أحد البنوك الذي يبيعه أجنبية بسعر شراء البنك المركزي
بطاقة الائتمان الإسلامية وفقاً لصيغة القرض الحسن
ودائع الادخار
وضع مبلغ معين من المال تحت تصرف العميل مقابل حصول البنك على نسبة من الإيرادات أو صافي الأرباح
نموذج للقرض الحسن
آلية إثبات القيد المحاسبي لعمليات تبادل الودائع (تبادل القروض)
القروض المتبادلة
إعطاء الموظفين قروضًا حسنة أو تمويلهم بربح أقل
تحويل عملية مرابحة فاسدة إلى قرض حسن
إصدار شهادات إيجار مالي لتغطية كشف الحساب
توزيع جوائز للحسابات الجارية والادخارية
Accepting Hibah from The Customers
Hibah In Loan (Qardh)
To Borrow With A Promise To Lend
Use of Qardh Hasan in Financing
Lending Someone Money to Pay a Key Money Fee
Can Money in a Current Account Be Used as Security for a Debt?
May an Islamic Bank Deposit Money with a Commercial Bank without Interest?
Is It Allowed to Stipulate That Qard Hasan Be Repaid in an Amount That Has the Same Buying Power as the Amount Loaned?
Why Do Some Scholars Distinguish between Loans and Other Liabilities When Money Is Scarce?
Can an Islamic Bank Charge a Fee for Issuing a Bank Draft?
Can an Islamic Bank Take Loans from Banks That Are Indebted to It?
If One Partner Injects Additional Capital after the Initial Capitalization, Should the Shares of Profit Be Adjusted?
What is the Rule on an Islamic Bank Issuing Credit Cards or Acting as an Intermediary to Issue Them?
Can a Condition of Investment Link the Right of Withdrawal to Relinquishment of any Share in the Profit or Loss?
Can an Islamic Bank Loan Money to a Customer for Currency Trading via the Bank?
Is It Allowed to Exchange Loans in Different Currencies?
Is It Permissible for Banks to Exchange Interest-Free Loans?
How Should an Amount Transferred from a Savings Account to an Insurance Account Be Considered?
What Is the Ruling if a Debtor, After Late Payment of a Debt, Voluntarily Loans the Same Amount to the Creditor for the Same Period?
Is it Allowed to Enter in an Investment of lending that Bring Benefit?
Is KLP Commercial Project of KFH’s Asian Fund Conform to Shari‘ah?

Wadi'ah


Can the Agent for Investment Be the Guarantor of the Funding Recipient?
Can a Conventional Bank Deposit be Used as Pawn for the Benefit of Islamic Banks
If a Current Account Holder Incurs a Debt with the Islamic Bank, Is It Considered an Advance on the Bank’s Debt to the Customer?
The Owner of an Investment Deposit Account Relinquishes His Account to Other Depositors for an Agreed Price
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 150th Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 147th Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 145th Meeting
قرار رقم 143 (1/16) بشأن زكاة الحسابات المقيدة وشركات التأمين الإسلامية والتأمينات النقدية ومكافآت نهاية الخدمة
قيام البنك بإيداع وديعة لدى أحد البنوك الذي يبيعه أجنبية بسعر شراء البنك المركزي
أرباح حساب الحج
نموذج للقرض الحسن
(كسر الوديعة (التخارج
حساب فترة الوديعة الاستثمارية
الأرباح من وديعة الاستثمار
العائد على ودائع الاستثمار
عمل وديعة مخصصة من دون خلطها بأموال المصرف
أرباح المضاربة في حالة سحب الوديعة قبل انقضاء مدة المضاربة
توزيع الأرباح الناتجة عن عملية الاستثمار
Wadiah And Mudharabah Current Account
Can an Islamic Bank Take a Deposit in a Conventional Bank as Security for a Loan?
Is Someone Entrusted with a Deposit Liable if It Gets Lost or Stolen?
How to Treat a New Deposit in a Mudarabah Investment Account?
What is the Ruling on Withdrawal of a Deposit Made in Foreign Currency from an Investment Account Before the End of the Deposit Period?
Is It Allowed to Take the Profit Given by Central Banks for the Deposit of Surplus?

Sadaqah


What Is to Be Done with Tellers’ Positive Discrepancies?
What Should Be Done with Small Cheques Issued to Accountholders Who Cannot Be Located or Contacted?
What to Do with Profits from Investment Accounts Closed by Their Owners when the Old Address Is not Valid?
Can an Islamic Bank Receive Interest from the Central Bank?
Can Interest Be Used to Pay Taxes?
Resolution No. 124: The impermissibility of paying the interest amounts accumulated from correspondent bank accounts to beneficiaries other than the poor and Islamic charities
Resolution No. 149: The Corporation usage/disposal of (inactive) small-balance accounts with the guarantee of such accounts
Resolution No. 150: Paying or receiving interest from correspondent banks
Insurance Compensation for Damaged Goods Exceeds the Actual Loss; What to Do with the Excess?
Overcompensation by the Insurance Company above the Actual Damage
تحويل الأموال المجنبة من وحدة مصرفية إلى أخرى
دعم منظمة من الكسب غير المشروع
المبالغ العائدة كأرباح من البنوك الخارجية
الفوائد المصرفية التي يضطر البنك لإيداعها في المصارف الربوية
الصرف من صندوق الإيرادات قيد التصفية (تسبيقات مالية) على موظفي البنك
الصرف من صندوق الإيرادات قيد التصفية على مستخدمي البنك
الصرف من صندوق الإيرادات قيد التصفية على موظفي البنك
اقتناء أضحية العيد من صندوق الإيرادات قيد التصفية
استعمال العائد الذي يتلقاه بنك البركة من بنك الجزائر لتسديد حصة البنك في شركة ضمان الودائع المصرفية
استعمال الفوائد المحصّلة من بنم الجزائر في تسديد حصة بنك البركة الجزائري في شركة ضمان الودائع
شطب الديون الهالكة في حالة الأموال التي تدفع لأوجه الخير
صيغة الشرط الذي يضمن بالعقود لإلزام العميل بالزيادة التي تضاف لحساب مخصص الديون المتعثرة
إنفاق حصيلة الإيرادات الناتجة من الفوائد المحرمة وغرامات المدينين المعسرين المماطلين
غرامة التأخير للعملاء في حالة المماطلة في سداد مبلغ الاعتماد
فرض غرامة تأخير على العميل الذي لا يفي بالتزاماته
ربط تقديم مساعدة مالية لمدرسة المكفوفين بتسديد ديون العميل المستحقة للبنك
إعادة جدولة الديون
Judgement Of The Court With Regard To Penalties On Delayed Payments
Can a Penalty Clause for Late Payment Be Added to an Islamic Banking Contract?
Is it Lawful to Financially Penalize a Rich Debtor Who Delays Payment?
Bonds, Interest Deposits And Unlawful Properties
Using Money From The Charity Fund To Perform Hajj
May an Islamic Bank Deposit Money with a Foreign Bank and Give the Interest in Charity?
How to Deal with the Profits of Customers Who Don't Come to Claim Their Profits?
Can Money Whose Owner is Unknown Be Given to a Charity?
Can an Islamic Bank Exempt Orphans from Paying Certain Standard Fees?
Can a Charitable Organization Invest Donated Funds to Generate Income to Be Spent in Charity?
Can a Bank Put a Clause in an Installment Payment Contract Requiring the Buyer to Pay a Penalty for Late Payment?
Is It Allowed to Enter into Lease Contracts That Include Penalty Clauses? If So, What Should Be Done with Penalty Fees Collected?
Is It Allowed for the Buyer to Appoint the Seller as an Agent to Lease the Sold Commodity?
An Islamic Bank Contribute to a Charitable Project from Its Profits or Zakah Fund?
Can an Islamic Bank Contribute from Its Own Funds to Organizations Doing Useful Activities?
What is the Ruling on Funds with Unknown Account Holders?
Can an Islamic Bank Give Financial Aid to Charitable Organizations with Accounts at the Bank?
What is the Best Kind of Charity Project to Fund in a Poor Muslim Country?
Is It Allowed for an Islamic Bank to Place an Interest-Bearing Deposit in the Central Bank if the Law Requires It?
Is It Allowed to Buy the Shares of Companies That Deal in Interest in Order to Change Them?
What is the Ruling on Providing Additional Services That Include Life Insurance to Visa Gold-Card Holders?
Some Conditions for Issuing a Visa Card

I'arah


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