Prohibitions in Islamic Finance

Riba


A Promise of Parallel Purchase and Sale of Gold
An Islamic Bank Has Multiple Accounts in Different Currencies with a Foreign Bank, Some Overdrawn and Some with Positive Balance
Can an Islamic Bank Ask a Client to Provide a Conventional Bank as a Guarantor?
Issuing Kafalah In Relation To Conventional Banks
Issuing LGs For Soft Loans
LGs From Conventional Banks for Project Finance
Should an Islamic Bank Offer a Guarantee for a Contractor Doing a Job for a Riba Bank?
The Islamic Development Bank inquiry regarding financing long-term infrastructure projects
Can a Conventional Bank Deposit be Used as Pawn for the Benefit of Islamic Banks
Entering Into A Construction Contract With A Conventional Bank
Resolution No: 13 (1/3)[1]: Concerning The Islamic Development Bank’s inquiries
Syndicated Financing Between Islamic And Conventional Institutions
A Call Option on a Commodity
Can a Creditor Make His Loan Conditional on the Borrower Buying from or Selling to the Creditor?
Can a Customer Islamically Transfer a Traveler’s Check to Another Person in the Same Currency?
Can a Financial Penalty Be Levied on Late Payment of a Loan?
Can a Lender Stipulate a Reciprocal Loan as a Condition for Lending?
Can a Holding Company Sell a Good to a Partially-Owned Subsidiary if It Owns Less Than 50% of the Subsidiary?
Can a Muslim Contractor Build a Building for a Conventional Bank?
Can an Islamic Bank Buy a Company That Runs on Riba in Order to Change It?
Can an Islamic Bank Receive Interest from the Central Bank?
Can Interest Be Used to Pay Taxes?
Is It Permissible for KFH to Sell Goods on the Basis of Murabahah to a Company That Will Resell the Goods on Installments and Will Stipulate an Interest Payment in Case of Delay?
Is It Permissible for the Buyer in Salam Contract to Sell the Goods Purchased to a Third Party Who Will Take His Place in the Contract?
What Would the Transactions of Global Stock Market Be Called?
Is It Allowed to Buy Cars from an Agent on the Condition That the Agent Will Extend a Guarantee to Buyers for Possible Defects and Be Financially Responsible for the Buyers?
RESOLUTION No. 102 (5/11): CURRENCY TRADING
RESOLUTION No. 101 (4/11): DEBT SALE AND LOAN DEBENTURES AND THEIR ISLAMIC SUBSTITUTES IN PUBLIC AND PRIVATE SECTORS
Conducting a Transaction on Behalf of another Person without Their Knowledge (1)
Deferred Sales of Shares in a Company Whose Cash Assets Exceed Its Tangible Assets
Is an Exchange of Deposits a Type of Loan with an Added Benefit?
Is an Islamic Bank Responsible for the Source of the Funds by Which the Debt Owed to It Is Repaid?
RESOLUTION No. 77/8/8: PARTICIPATION IN THE SHARES OF RIBA, (INTERESTS)-BASED JOINT-STOCK COMPANIES
RESOLUTION No. 66/4/7: BAY'AL-WAFA (DEBT GUARANTEE SALE)
Resolution No. 106: an overdraft agreement
Resolution No. 110: Selling foreign currencies to clients for less than the market price in order to encourage them to deal with the Corporation
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. 150: Paying or receiving interest from correspondent banks
Resolution No. 151: the Corporation appointing the purchaser as an agent to determine and receive what he will eventually buy
Selling Construction Materials by Murabahah
Selling Construction Materials by Murabahah
Structuring a Construction Contract as Murabahah with a Mark-up Charged on Payment for Labor
الجوائز النقدية أوالعينية
الضريبة المترتبة على الشركات التي يؤسسها المصرف الإسلامي الأردني خارج الأردن
رهن محل تجاري للبنك وتمكينه من الانتفاع بنصف مردود المحل المرهون
إيداع المسلم أمواله في البنوك التي تتعامل بالفائدة
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 الفوائد المحصّلة من بنم الجزائر في تسديد حصة بنك البركة الجزائري في شركة ضمان الودائع
إنفاق حصيلة الإيرادات الناتجة من الفوائد المحرمة وغرامات المدينين المعسرين المماطلين
فرض غرامة تأخير على العميل الذي لا يفي بالتزاماته
دفع الأرباح المستحقة للودائع بالعملات الصعبة
أرباح الودائع بالعملة الصعبة
قيام البنك بإيداع وديعة لدى أحد البنوك الذي يبيعه أجنبية بسعر شراء البنك المركزي
شراء البنك أذونات خزانة بناء على طلب البنك المركزي
الاستثمار في أسهم الشركات التي لا تهدف إلى التعامل بالربا
وضع مبلغ معين من المال تحت تصرف العميل مقابل حصول البنك على نسبة من الإيرادات أو صافي الأرباح
القروض المتبادلة
تحويل عملية مرابحة فاسدة إلى قرض حسن
توزيع جوائز للحسابات الجارية والادخارية
Deferred Installment Sale: Issue Of Selling Assets That Is Not In One’s Possession And Compensation For Refusal To Buy The Subject Matter
Delayed Payments In A Murabahah Contract
Resolution No. 50 (2/6): Rulings on Installment Sales
What Is to Be Done if the Supplier Is Unable to Deliver Some of the Sold Goods?
Circulation of Shares
Trading In The Shares Of Shari’ah-Compliant Companies That Are Involved In Riba-Based Transactions With Conventional Banks
Is it Lawful to Financially Penalize a Rich Debtor Who Delays Payment?
Bonds, Interest Deposits And Unlawful Properties
Taking the Place of the Owner in a Forced Sale
Selling to Someone Who Will Resell Using Interest-Based Contracts
Selling to Someone Who Will Resell by Charging Interest
Stipulating that Customers not Deal with Competitors
Can an Islamic Bank Take for Security Stocks Issued to a Conventional Bank as Security for an Interest-Based Loan?
Can an Islamic Bank Allow a Shareholder to Mortgage Its Shares as Security for an Interest-Best Loan?
May an Islamic Bank Deposit Money with a Foreign Bank and Give the Interest in Charity?
What is the Riba That the Qur’an Forbids?
What is the Ruling on Selling Cars to a Usurious Institution?
Can a Muslim Work as Visiting Specialist in a Commercial Corporation Involved in Usurious Transactions?
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?
Is It Allowed to Trade Shares in Companies Whose Core Activities Are Lawful but Which Borrow and Lend on Interest?
Can Delivery Be Deferred of Both the Sold Good and the Price in a Sale?
Is It Allowed for a Customer To Be the Executor of His Own Construction Contract?
Can an Islamic Bank Make Regular Monthly Transfers from an Account holder’s Account to Pay a Riba-Based Loan?
Can an Islamic Bank Accept Assignment of Rights Requested by Usurious Banks of Their Customers?
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 Deposit Funds in a Conventional Bank in Exchange for Reduced Fees on Tawarruq Transactions?
Can an Islamic Bank Loan Money to a Customer for Currency Trading via the Bank?
Is It Allowed to Charge a Fee for Foreign ATM Withdrawals in Addition to the Currency Exchange Fee?
Is It Allowed to Exchange Loans in Different Currencies?
Is It Allowed to Charge Non-Muslims Interest?
Is It Allowed to Buy the Shares of Companies That Deal in Interest in Order to Change Them?
Is It Allowed to Buy the Shares of Companies Whose Activities Are Lawful but Have Usurious Loans?
What Is the Shari‘ah Ruling on Enabling Visa Electron Cardholders to Make Withdrawals from KFH’s ATM Machines?
What Is the Shari‘ah Ruling on Enabling Holders of Visa Cards Issued by Other Banks to Make Withdrawals Using KFH’s ATM Machines?
What Is the Ruling on Enabling Holders of Visa Cards Issued by other Banks to Make Withdrawals Using KFH’s ATM Machines? (2)
Is it Allowed For an Islamic Bank to Accept Government Compensation for Lost Income Due to Force Majeure?
After Buying a Person’s Debts, Is It Allowed to Give Him a Gift?
Is It Allowed to Participate in a Project Involving Contracts That Contain Some Prohibited Clauses?
What Is the Ruling in Dealing with Shares of a Company that Has Lawful activities but is Involved in Usurious Debts?
Is it Allowed to Purchase Existing Companies in order to Islamize them?
Is it Allowed to Enter in an Investment of lending that Bring Benefit?
Is It Allowed to Take the Profit Given by Central Banks for the Deposit of Surplus?
Is it Allowed to for the bank to provide a service (purchasing real estate) to customers because the policies currently applied in another Bank do not allow it to provide this service itself?
Is it allowed for a company owned by the bank in the USA to sell a car to a customer who borrows the car’s price from a bank on interest?
Is it Allowed to Enter in an Investment where the Capital is Guaranteed?
Is it Allowed to Enter in an Investment where the Capital is Guaranteed?
Is it Allowed for a Customer to Replace a Good that He Purchased with another?
Is it a Must from a Shariah Point of View to Know about The Origin of the Customer’s Money?
Is it Allowed to enter into a contract that include promises binding upon both parties?
Is it Allowed for KFH to Accept Shares and Bonds with Interest, Collect the Interest from the Company and Deduct it from the Debt until the Entire Debt is Paid?
Is it Allowed to enter into a Murabahah contract with a company known for taking and giving riba-based loans?
Is it permissible to purchase a commercial complex and allow current tenants to remain in it providing that two of the tenant are involved in riba transactions?
Is it permissible for us to buy the debt owed to one of our customers by other parties?
Is it permissible to buy a leasing company which has some assets in the form of treasury bonds?
Is it permissible to evaluate only the real estate assets of commercial banks in return for a fee?
Is it Allowed to Lease out a Real Estate to a Customer and Grant Him the Right to Sublease the Real Estate?
Is it Allowed to Accept a Cash Reward in Return for KFH’s Promise to Participate in Sukuk Ijarah Investment Deal?
Involvement and Investment in Fund activity that has Presence of Riba
Is it Permissible to Use a Program Fully Prepared for Calculating Interest?
Takaful Coverage for Conventional Credit Card Product
Retakaful with Conventional Insurance and Reinsurance Company
Hibah in Wadi`ah Contract
Hukum Pelaburan Ke Atas Syarikat Swiss Cash Mutual Fund
Is it allowed for an Islamic Bank to invest a portion of its capital in buying the stock of the companies that are not aimed at dealing with interest?
Is it allowed for an Islamic Bank to invest a portion of its capital in buying the stock of the companies that are not aimed at dealing with interest?
What's the Shariah Opinion Regarding the Establishment of a Company Abroad to Benefit from Tax Exemptions Providing that these Companies Are Involved in Interest?
Is it Allowed for an Islamic Bank to Provide Qard Hasan to Another Bank on the Condition that the Latter Sells Foreign Currency to the Former Based Purchase Price Determined by the Central Bank?
Is it Allowed for KFH to Get Involved as a Partner in a Fund that Borrows Based on Interest?
Is It Permissible to Mortgage the Shares of a Company Whose Activities are Lawful but It Takes Loans on Interest?
Is It Allowed for KFH to Provide Services for Conventional Banks Such as Dispatching and Distributing Letters to Customers?
What’s the Shariah Opinion Regarding the Handling of a Bank’s Previous Riba-based Loans that Were Made before the Bank Was Converted to an Islamic Bank?
Is It Allowed for a Bank Converted to Conventional to Islamic to Distribute Any Profits Resulting from the Interest Earned to its Shareholders?
How Can KFH as a Shareholder of an Islamic Bank that Converted from the Conventional System Handle the Profits Provided as Cash and Bonus Shares?
Is It Allowed for KFH to Open an Account in a Brokerage Firm that Reserves the Right to Impose Interest on the Overdue Amount Until the Payment is Made?
Is It Allowed for KFH to Trade in the Stock Market?
What’s the Shariah Opinion Regarding Investing in a Fund that Trades in Shares of Listed Companies Whose Activities Are Permissible But Sometimes Involved in Riba Transactions?
Is It Allowed to Mortgage an Undeveloped Land to Obtain an Interest-Based Financing in Order to Develop the Land?
Is It Permissible to Allow All Visa and MasterCard Cardholders to Make Cash Withdrawals from KFH’s ATM Machines in Exchange for 4% Fee in Return?
Is It Allowed to Spend Interest Given to KFH Without Its Request to Organize Seminars?
Is It Allowed to Provide a Debt Collection Company with a Point-of-Sale Equipment That Accepts the Credit Cards of KFH and Other Banks?
What’s the Shariah Opinion Regarding the Interest Paid by Conventional Banks to Their Depositors and the Interest Charged by Them on Loans to Customers?
What Are the Conditions for Providing Credit Lines to a Company?
RESOLUTION No. 10 (10/2): TRANSACTIONS WITH BANKS DEALING WITH INTEREST AND TRANSACTIONS WITH ISLAMIC BANKS
تحديد سقف تمويلي لاستغلاله في تمويل صغار المهنيين بصيغة المرابحة
تأجير مباني الى جهات تعمل بالفوائد
المشاركة في نشاط تجاري يتعامل بالربا إقراضًا واقتراضًا
الدخول مع مصنع في مشاركة متناقصة لإضافة خط إنتاج جديد
المضاربة مع البنوك التقليدية
Riba Al-Fadl: Gold For Gold
Murabaha - Standard (115)
Ijarah - Standard (158)

Gharar


Leasing Software
Ibra’ Clause In Financing Agreement
Is It Permissible to Buy Imported Goods of Defined Specifications Which Are Still at Sea and Sell Them to a Trader? And Does Ijarah Cover All Types of Goods and Commodities?
Resolution No. 175: The impermissibility of the Corporation issuing the International Traveller Card (Iyābā)
Delay in Setting the Profit Margin of a Murabahah Sale to the Day of Delivery
Selling Goods Based On Its Specifications
The Buyer Pre-Signs a Murabahah Contract and Deposits an Advance Payment before the Seller Buys the Goods
تأمين البنك على أمواله وممتلكاته الخاصة
Resolution 149 (7/16): Concerning Health Insurance
Resolution No. 9 (9/2): Concerning Insurance And Reinsurance
A Service Warranty Agreement for a Car
Insuring Cars and Other Items
One Party Buys a Truck; the Other Drives It for Monthly Expenses Plus a Share of the Profit after the Owner has Recovered the Price of the Truck
Is It Allowed for the Buyer to Appoint the Seller as an Agent to Lease the Sold Commodity?
Is It Allowed to Sell the Shares of a Company While It Is Still Being Established?
Resolution No. 127 (14/1): Competition Cards
Is it allowed to sell the real estate if their owner does not possess them completely through legal documents?
Is it Allowed to Stipulate that Seller can Re-buy the Commodity if the Buyer Dies?
What is the Ruling on Individual Health Insurance for Receiving Medical Treatment Outside Kuwait?
Undetermined Sale Price in Sale and Purchase Agreement
Hukum Pelaburan Ke Atas Syarikat Swiss Cash Mutual Fund
Determination of the Percentage of Profit in the Purchase Promise
Application of Musahamah Concept in Commercial General Takaful Plan
Ibra’ in Islamic Financing
Murabaha - Standard (116)
Ijarah - Standard (149)
Ijarah - Standard (161)

Jahalah


Accounting Arrangements for Recording Collection of Doubtful Debts
Resolution No. 175: The impermissibility of the Corporation issuing the International Traveller Card (Iyābā)
Can a Bank Seek Damages from a Purchase Orderer Who Breaks His Promise to Buy?
Delay in Setting the Profit Margin of a Murabahah Sale to the Day of Delivery
Period Of Verification
Seller Free From Guaranteeing Any Defect?
Selling Goods Based On Its Specifications
The Buyer Pre-Signs a Murabahah Contract and Deposits an Advance Payment before the Seller Buys the Goods
The Intermediate Seller Lacks Detailed Knowledge of the Imported Goods
A Service Warranty Agreement for a Car
Insuring Cars and Other Items
Is Comprehensive Auto Insurance Allowed?
Stipulating No Liability for Defects in a Sale
Is it Allowed to Sell Material on A Deferred-Payment Sale Before the Manufacturing Process is Completed?
One Party Buys a Truck; the Other Drives It for Monthly Expenses Plus a Share of the Profit after the Owner has Recovered the Price of the Truck
Can the Rental Fee in a Lease Contract Be Variable if the Amount for Each Period Is Pegged to an Established Standard That Does Not Lead to Dispute?
Is it Allowed to Hide the Profit Portion of the Mudarib in a Mudarabah Contract?
Is It Allowed to Count in a BBA Contract the Increase of Market Value of the Asset?
Is Good Inspection Obligatory in Both Musawama and Murabaha Contracts?
What's the Shariah Opinion Regarding the Murabahah to the Purchase Order Financing in Foreign Currency?
Is It Allowed for KFH to Enter Into an istisna’ Contract with a Customer Using the ‘Cost Plus Percentage of Cost’ Method with a Fixed Percentage and a Fixed Timeframe for Repayment?
Is It Allowed in an Istisna’ Contract That the Final Price Will Be Calculated According to the Quotations Acquired by the Contractor for the Tasks During the Execution of the Project?
شراء بضائع مرابحة بموجب اعتمادات مستندية

Darar


Who Is Liable for Damages to Rental Property?
Can a Contractor Be Fined for a Delay in Completing a Job if No Damage Results from the Delay?
Claiming Legal Expenses From The Customers
Would KFH Be Held Responsible in Case the Shipping Company Acknowledged That the Goods Were Sound But Then Failed to Make the Delivery?
Is It Permissible to Stipulate a Penalty in a Sale Contract?
Buying A Portion Of A Land Through Murabahah
The Purchase Undertaker Does Not Want the Intermediate Seller to Incur Added Expenses for Insurance against Certain Risks (2)
The Purchase Undertaker Requests the Intermediate Seller to Pass on Insurance Compensation for Damaged Goods
غرامة التأخير والمماطلة في السداد
تأمين البنك على أمواله وممتلكاته الخاصة
مدى جواز تسجيل المبالغ الزائدة عن أصل الدين ضمن أرباح البنك
Delayed Payments In A Murabahah Contract
Various Issues
If the Value of Insured Property Fluctuates, What Should the Insured Value Be?
Insurance against Investment Risks
Insurance against Vandalism
Insuring Cars and Other Items
Insuring Cash at Bank Branch Offices
Insuring Valued Possessions against Fire, Theft, Etc.
Is Comprehensive Auto Insurance Allowed?
Marine Insurance for 110% of the Goods’ Value, Taking into Account Shipping Expenses among Other Factors
The Permissible Limits of Insurance Compensation
Transporting Goods with a Guarantee against Loss
Various Types of Banking Insurance
What Compensation Amount Should Be Obtained When Insuring Furniture against Fire?
A Penalty Clause for Late Payment
Can a Penalty Clause for Late Payment Be Added to an Islamic Banking Contract?
What Can an Islamic Bank Do if a Debtor Who Can Afford to Pay Delays Payment?
What is the Rule When an Unrestricted Investment Deposit Holder Wants to Withdraw His Deposit before the End of the Deposit Period?
What is to be Done about Imported Meat When There is Doubt About the Halal Slaughter Certificates Being Authentic?
Who Is Liable for Goods Damaged after Reaching the Port if the End Buyer Did Not Delay in Trying to Claim Them?
Can an Islamic Bank Sell Goods to a Company and then Buy Them from Its Subsidiary?
Can a Financial Penalty Be Imposed for Breach of a Promise to Buy?
Can a Bank Put a Clause in an Installment Payment Contract Requiring the Buyer to Pay a Penalty for Late Payment?
Must the Lessee Pay Rent if the Leased Property Is Damaged?
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?
Who Has the Right to Money Taken from Contractors Due to Construction Delays?
Some Conditions for Issuing a Visa Card
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 Deprive an Employee of Contractual Benefits for Reasons not Directly Related to His Job Performance?
What is the Ruling on Collecting an Advance Rent Payment from the Lessee as a Security Deposit to Compensate for the Actual Damages that might Be Caused by the Lessee?
What is the Ruling on Obligating the Lessee to Purchase the Leased Property at the End of ijarah muntahiyah bi al-tamlik Agreement?
Is It Allowed to Charge Rescheduling Fees Equivalent to the Actual Expenses Incurred by the Lessor?
Is it Allowed to Install Access to Television Channels that Do Not Transmit Indecent Shows or that which Clashes with Islam and its Objective?
Is it Allowed to Install Access to Television Channels that Do Not Transmit Indecent Shows or that which Clashes with Islam and its Objective?
Is a Lessee Allowed to Claim the Remaining Period Rent, or is the Lessor Allowed to Keep this Rent if a Lessee Wants to Terminate the Lease Agreement before the End of the Agreed Lease Term?
Who Bears the Loss in a Murabahah to the Purchase Order Financing Due to an Accident that Occurred Before the Goods Are Delivered to the Client?
Is KFH Liable for Not Being Able to Trade in His Customer’s Pre-Invasion Kuwaiti Currency Notes Because KFH Was Late in Opening His Safe Deposit Box After the Liberation from Iraq?
Liability of Goods Damage Prior to Delivery in Murabahah Transactions
Client Guarantee for Commodity Soundness in Murabahah Transactions
Damages Resulting from Delay of goods Delivery in Murabahah Transactions
Commodity Storage Expenses and Demurrage Penalty etc. in Murabahah Transactions
Existence of Damage, Deficiency or Otherwise
Relieving the Exporter from Defects Found in Goods
Default in Payment of Murabaha Debt
Forged Documents in Murabahah Transactions
Bearing the Expenses of the Cancelled Credit
Bearing of the Expenses Incurred before the Cancellation of Murabahah Transactions
التزام الوكيل بسداد المبلغ الذي تجاوز به حدود التسهيلات الممنوحة له
سداد البنك في اعتماد الوكالة مؤجل الدفع

 

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