By Fatma Gül Karagöz This is the second essay in a series of essays entitled "When usufruct became a credit source: The contract of the transfer with resumption (ferağ bi’l-vefa)." … Continue reading Ferağ bi’l-vefa (transfer with resumption) and mortgage of miri (state-owned) land in seventeenth-century fatwās
By Fatma Gül Karagöz* This is the first essay in a series of essays entitled "When usufruct became a credit source: The contract of the transfer with resumption (ferağ bi’l-vefa)." … Continue reading Introduction: How to interpret the contract of the transfer with resumption (ferağ bi’l-vefa)?
By Aaron Spevack Source: http://www.dar-alifta.org/Foreign/ViewFatwa.aspx?ID=5912&text=working%20in%20banks This fatwā listed on Dār al-Iftā'’s website - the official fatwa institution of Egypt and connected with scholars of al-Azhar - deals with the question … Continue reading Dār al-Iftā’ Fatwā: Working in Banks
To fund construction for a new building without violating Islamic law's prohibition against interest, the Islamic Center of Nashville (ICN) entered into an ijāra agreement with Devon Bank; the bank created a … Continue reading Islamic Center of Nashville v. State of Tennessee (6th Cir. 2017): Ijāra Financing Cancels Real Estate Tax Exemption for Financed Property
U.S. Editor Abed Awad examines the implications of the 6th Circuit's decision in September regarding the financing of an Islamic Center through ijāra. Case: Islamic Center of Nashville v. Tennessee, … Continue reading Islamic Center of Nashville: Ijāra Financing Cancels Religious Tax Exemption for Financed Property
