I-FIKR - Islamic Finance Knowledge Repository - Sadaqah

Sadaqah

The Arabic word means the charity given for the sake of Allah. Technically charity is to transfer the ownership in life without compensation seeking only the reward from Allah. The term alms is used to refer to Zakat al-Fitr (the donation made to the poor at the end of Ramadan). For further details see ISRA Compendium.

Total Fatwas : 67

No.	Title
1	What Is to Be Done with Tellers’ Positive Discrepancies?
2	What Should Be Done with Small Cheques Issued to Accountholders Who Cannot Be Located or Contacted?
3	What to Do with Profits from Investment Accounts Closed by Their Owners when the Old Address Is not Valid?
4	Can an Islamic Bank Receive Interest from the Central Bank?
5	Can Interest Be Used to Pay Taxes?
6	Resolution No. 124: The impermissibility of paying the interest amounts accumulated from correspondent bank accounts to beneficiaries other than the poor and Islamic charities
7	Resolution No. 149: The Corporation usage/disposal of (inactive) small-balance accounts with the guarantee of such accounts
8	Resolution No. 150: Paying or receiving interest from correspondent banks
9	Insurance Compensation for Damaged Goods Exceeds the Actual Loss; What to Do with the Excess?
10	Overcompensation by the Insurance Company above the Actual Damage

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