Islamic Law in the News Roundup

ISLAMIC LAW IN THE NEWS The East Java branch of Indonesia's largest Islamic organizations, Nahdlatul Ulama, recently announced its fatwā that forbid the use of cryptocurrency as ḥarām under Islamic law. A wedding in Afghanistan's Nangarhar province turned deadly as the Taliban reportedly shot three attendees over an argument on whether playing music was forbidden … Continue reading Islamic Law in the News Roundup

Islamic Center of Nashville v. State of Tennessee (6th Cir. 2017): Ijāra Financing Cancels Real Estate Tax Exemption for Financed Property

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 subsidiary for the purpose of the ijāra agreement. Under the agreement, Devon Bank had legal ownership of the building's title until ICN could fully purchase the building. … Continue reading Islamic Center of Nashville v. State of Tennessee (6th Cir. 2017): Ijāra Financing Cancels Real Estate Tax Exemption for Financed Property