Path to Piety Program: The Companions Pinnacle of Humanity - April 6-8, 2012

[abdulwahhab]

Schedule:
http://www.pathtopiety.com/schedule.php

[Hafiz Gee]

wow that's a solid speaker list...wish this was taking place closer to home.

[Acacia]

It is probably a much nicer experience to listen to in person but I noticed it will be streamed live online so at least those of us who can't go still have a chance to listen.

[hope1]

Assalamu alaikum,

Brother abdulwahhab - are you connected to the program by any chance?

[abdulwahhab]

No, but I will try to attend .

['Abdullaah]

off topic: Brother hope1, I remember reading that you have some experience in reading islamic finance contracts.
Did you get a copy of Ijara Loan contract? What are your conclusions?
If you need a copy, I can provide one.

[hope1]

off topic: Brother hope1, I remember reading that you have some experience in reading islamic finance contracts.
Did you get a copy of Ijara Loan contract? What are your conclusions?
If you need a copy, I can provide one.

Assalamu alaikum,

I have Ijara Loans contract and I am not satisfied with it. IF it is ok it is so on the border that one will have to interpret it a lot and give a lot of leeways and exemptions to make it seem somewhat believably halaal.

As I mentioned many times before, Guidance, LaRiba and UM is more or less the same. I believe ISNA is the same as well but I do not have their contract to be 100% sure.

Devon bank in Chicago MAYBE ok based upon some partial contracts I have read but I am not 100%.

The only one I have some confidence with is Ansar Financial. They still have one fasid condition, but compared to the rest it is very very clean.

I have designed a contract as well along with my teacher. We are speaking with some more knowledgeable scholars to ensure it is perfectly ok. It solves/answers many of the answers that the other companies are trying to solve.

['Abdullaah]

Assalamu alaikum,

I have Ijara Loans contract and I am not satisfied with it. IF it is ok it is so on the border that one will have to interpret it a lot and give a lot of leeways and exemptions to make it seem somewhat believably halaal.

Just noticed your reply.
Which issues in particular are of concern with Ijara Loan?

[ibn_abdullah]

P2P2012---Poster-Small-[WEB].jpg

The Islamic Society of Toronto | Masjid Dar Us Salaam is honoured to host the 5th Annual

Path to Piety Program
The Companions Pinnacle of Humanity
April 6 to 8, 2012

Featuring International Speakers:

Shaykh Suleman Moola
Shaykh Taha Karaan
Shaykh Ahmed Ali
Mufti Abdur Rahman ibn Yusuf
Imam Tahir Anwar
Shaykh Abdul Nasir Jangda
Ustadha Umm Huzaifa
➥ conducting special sisters sessions


General Information:

FREE ADMISSION + NO REGISTRATION REQUIRED
All Sessions will be BROADCAST LIVE ONLINE!
Attendees must be 13 years of age or older
Children must be accompanied by an adult at all times

For More Information:
www.pathtopiety.com
info@pathtopiety.com
(416) 467-0786


Path to Piety Workshop Information:
Imam al-Bajuris' | the History of the Four Caliphs
with Shaykh Taha Karaan & Mufti Abdur Rahman ibn Yusuf


The Ilm Workshop is an interactive and intensive session wherein a classical text from one of the many sacred sciences of Islam is briefly taught by one of our respected teachers. It also introduces students to a traditional learning environment wherein intellectual and spiritual growth is fostered.


Click here to REGISTER NOW!

Workshop Registration Fee: $25.00 - Includes admission to both mornings sessions, textbook, bookmark, book bag, pen & snacks.
Workshop Dates: Saturday April 7 & Sunday April 8
Workshop Timings: 9:00am to 1:00pm
Workshop Speakers: Shaykh Taha Karaan & Mufti Abdur Rahman ibn Yusuf

Attendees must be 16 years of age or older to attend the workshop

Workshop Registration: www.pathtopiety.com/ilm.php
Workshop info: ilm@pathtopiety.com
Pre-registration Required for Workshop
Limited Seating Available for Workshop. Registration is First Come First Serve.

[hope1]

Just noticed your reply.
Which issues in particular are of concern with Ijara Loan?

Assalamu aliakum brother,

This is what I understand and please correct me if I am wrong:

They make you sign two contracts. One is a loan contract with a credit union and one is an ijara contract with Ijara Loans. However when you sign the contract with the bank it is supposed to be on behalf of the "trust". So apparently you don't get sin because the trust is signing the contract - which I find hard to swallow. Then you have a ijara contract with the trust. Basically from what I understand the "trust" is used to funnel the interest. However you yourself sign on the behalf of the trust.