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Why Fast on the day of ‘Ashuraa

In Fasting by bocapro

The Fasting On The Day Of ‘Ashuraa. All praise be to Allah, and may his peace and blessings be on the last and best prophet and messenger, Muhammad and his purified household and honorable companions. The following message on one of the e-mail groups was circulated: “We are taught that we should fast on the day of Aashooraa because the …

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About buying foreclosure homes directly from the bank

In Finance by bocapro

The Permanent Fatwa Committee of AMJA (The Assembly of Muslim Jurists of America) has conducted an in-depth study on the issue of buying homes directly from the bank (foreclosure) as it occurs in the United States of America. Several members of the committee submitted working papers for discussion and mutual exchange of viewpoints, with deliberations continuing over the course of …

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The Question of Insurance – Part I

In Finance by bocapro

Introduction All praises are due to Allah. We praise Him, seek His Help, and ask for His forgiveness. We seek refuge in Allah from the evil in our souls and from our sinful deeds. Whoever Allah guides, no one can mislead. Whoever Allah leads astray, no one can guide. I bear witness that there is no one worthy of worship …

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The Question of Insurance – Part II

In Finance by bocapro

Auto Insurance Auto insurance in most (if not all) Western countries is mandated by the state. (Among Muslim scholars, Al-Zarqa and Abdullah Ali-Mahmood argue that automobile insurance must be required even from a Shareeah perspective as it is the way by which people can fulfill their responsibility towards others in the case of accidents, which are an everyday occurrence and …

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AMJA’s method of deciding the beginning of an Islamic (Hijri) month

In Fasting by bocapro

With the days of Eid-ul-fitr approaching, the usual commotion around the beginning of the Eid and the end of Ramadan is apparent. The same disagreement about the Shawal moon sighting and declaring the end of Ramadan is prevalent across the Muslim communities in North America. AMJA would like first to extend its warm congratulation for Eid-ul-fitr to the Muslim Ummah, …

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Code of conduct for issuing or receiving Fatwas

In General Issues by bocapro

The Fatwa, or the religious ruling or counseling about an Islamic issue that concerns Muslims, is a demonstration for the Islamic legal ruling. Islamic Scholars bear the responsibility of the delivering the message of Allah to the people, Muslims and non-Muslim. They are, as we are told by our beloved prophet, the heirs of prophets and messengers of Allah. Seeking …

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The credit crisis

In Investment by bocapro

30 years ago the United States enjoyed a pro business tax and regulatory environment . As a result, inflation in most periods was under control and the market enjoyed a dramatic expansion. One obvious reason was the collapse of the Soviet Union; which resulted in an explosion of productivity, free trade, low interest rates and wealth creation. The bull market …

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