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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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