Category Archives: Islamic Law
Is SAFE document Equity Conversion Shariah Compliant?
SAFE documents are not loans. They are warrants for future equity. The structure found in the SAFE agreement is permissible and offers a viable, interest-free solution to early stage funding for Shariah compliance minded investors.
Does Islamic Law take a Position on Slave Reparations?
Welcome Development, Cautious Celebration Princeton theological seminary recently announced that it would be awarding 27 million dollars in scholarships as reparation for its involvement in the history of slavery, although it – as an institution – was not involved in the slave trade itself. The PTSEM was founded in 1812. While it did not own […]
Video: Is Life Insurance Halal?
Joe answers the question “Is Life Insurance Halal?” discussing: What is an insurable interest, how insurance companies are structured, and how they invest the insurance pool (i.e. the money that you pay for the policy).
Video: Qunut al-Nawazil – Group Supplication During Difficult Times
Qunut al-Nawazil or Group Supplication During Difficult Times is a special dua made when there is a special need for prayers and solidarity. This short video discusses how it is done and why.
Debt vs. Partnership vs. Revenue Sharing: Which One is Best for My Business?
The mantra of Islamic Finance has been “Islamic Finance prefers partnership over debt.” Hammering this idea into the minds of the masses has resulted in many people using less than optimal structures for their business needs. At times its better to finance through debt, at times through partnership, and at times through revenue sharing. In […]
Is Every Suicide a Transgression? – Suicide in Islamic Thought Part 4
When is Killing Transgressive? When is an act of killing considered oppressive or transgressive? Certainly when that the killing is intentional and malicious. Under Islamic law, there are three categories of killing that are crimes that may be sentenced in court: 1. Intentional malicious killing of another person (al-qatl al-ʿamd al-ʿudwān) 2. pseudo-intentional killing (shibh […]
The Kavanaugh Hearings, Morality, and the Appointment of Judges under Islamic Law
So with all this appalling #KavanaghHearing news, I figured I’d comment on the inherent virtue jurisprudence of Islamic law in it’s appointment and regulation of judicial appointees. So first, what does a judge do? A judge’s (Arabic: Qāḍī’) basic function is to resolve disputes and allocate rights to litigants. The Qāḍī retains not only the […]
Religious Studies versus Islamic Theology/Law – Religion For Breakfast
If you are unfamiliar with the “Religion for Breakfast” YouTube channel, please give it a look and subscribe. It’s one of my favorite channels. Andrew Mark Henry does a wonderful job of making complex topics on religion accessible. In the video below, he touches on the general difference between religious studies & theology. You can […]
What Effect does Sin Have On Faith? Suicide in Islamic Thought part 3
Introduction and Recap In previous entries, we covered the primacy of God’s oneness as a core tenant of Islamic belief inculcates in a believer self-accountability. Our acts, therefore, are not without repercussions. We will be judged for our actions, especially those that we perpetrate against others and ourselves, but also those we perpetrate against God. […]
Can a donation made without intention, that turned out to be Zakat eligible, count toward Zakat?
My friend Chris Blauvelt over at Launchgood asks a great question on twitter: ” If you made a donation without intending zakat, but later learned it was zakat eligible, can it count toward zakat? @FarazRabbani @hwmaqbul @joewbradford. Guessing Hanafis/Shafis split like do you have wudu if you accidentally fall in a pool without intention.” Taking […]