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permissibility

Shafi'i Fiqh

The Difference between Endowed and Donated Assets

We are a group of custodians on a building and its assets which are given as endomwnent whereas someone wanted to buy one of them (a fridge) for 50 Jd. Are we permitted to sell it or the price limit has to be set earlier by a trust-worthy expert to ensure having the best price? What is the legal method to sell them or to sell any asset affiliated with the above endowment?

Shafi'i Fiqh

Using an Acid in Medical Supplies

What is the ruling on using Hyaluronic Acid which is already being used as a substance in the manufacturing of our medical supplies and registered at JFDA (Jordan Drug & Food Administration) under the name (Restylan)? Noting that the most important uses of our cosmetics, are restoring skin softness and reducing its wrinkles.

Shafi'i Fiqh

The Permissibility of Subscribing in Staff Provident Funds is Based on the Investment Method

 

I work in a company and it has a staff provident fund where the latter income is based on a deduction of 4% from each employee's salary on a monthly basis; in return, the company pays 5% of the employee's salary and the amount saved for each one that is 9% of his salary. It is worth mentioning that the subscription in this fund is voluntary; thus, unsubscribed employee won't be paid the 5% percent by the company.

In the past few years, funds used to be managed through commodity investment which is based on Islamic Murabaha and the profits out of this investment were distributed at the end of each year to subscribers only. Lately, a new administrative committee was elected but it didn't abide by lawful financial transactions ;rather, it facilitated some transactions and loans that don't comply with Islamic Sharia, the question is:

Am I permitted to keep my subscription in this fund and benefit from my deposited basic capital which is 9% of the salary's value, as mentioned above, in addition to waiving and denying all of the other profits gained from an illegal investment? Or should I withdraw from the fund once and at all; and consequently, I will lose the (5% out of my salary value) which was paid by the company to subscribers. Although a lot of violations took place such as authorizing the purchaser to pay the value of the goods and at the same time taking delivery by himself without any interference by the fund.  

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