FORD Outing Chennai MGM - Nov 30, 2011

Upcoming Melvisharam Community Center Proposed

Imran and me went to college to discuss a lot of matter regarding a digital library set-up for CAHCET, also alumni meet. Imran wants to implement KOHA in college library and the discussion took one hour to explain each problem and make the involved party to understand.

When the discussion came for alumni meet, first I proposed a college reunion for the first batch after 10 years. I wanted to fix it on Sept. 17, 2012 because this is the date we met in 2002. I even suggested to get the first two or three junior sets with us. Much of the just passed-out batches are putting a lot of hype to have a alumni meet.

Much of the passed-outs from CAHCET after 2006 is not in a good position and they can't be a good support for the mentorship for the CAHCET students, so the proposed idea is to have the first batch (2002) with optional junior batches.

We discussed a lot of issues what our college is having and how it is not taking care of it, ehy there is no research activity going on, though the colege was started 14 years ago.....Corres Abdul Latheef agreed to assist us in our agenda. The main agenda are to bring Mentorship for students that will enhance to shape their carrer as well as get placement. 

Additionally, we proposed to start a IPR & Research Center in our college campus. We explained the importance of innovation and how that can be patented. How students can be connected to industries to do their projects. About publication of research papers, starting CAHCET journals to publish their own papers, etc.

Infact, the meeting went for more than 3 hours...it was abdul latheef who made himself patience to listen to us for the long hours or else we would have been shown the door in few minutes after the meeting. The best out come of the meeting is to start a community center in Melvisharam. I wish and request to MMES to help, start a community center where students get guidances from experts to shape their career.......Corres Abdul Latheef, agreed for it....but the best of our expetation is it should come in old Elementary School opposite to Usmanpet Mosque...Insha-allah

Ruling on trading in currencies

I would like to know about investment in curreny (FOREX Market). Like now a days, its very common that people invest in Euro to earn profits. One broker keeps on calling me to invest USD in Euro. Is trade in currency halal?.

Praise be to Allaah.

Dealing in currencies is permissible so long as the exchange takes place in the same sitting as the contract is made. It is permissible to sell euros for dollars so long as the exchange takes place in the same sitting as the contract is made. But when the deal is concerning the same type of currency, such as selling one dollar for two dollars, that is not permissible because it is a type of riba.  In that case they should be of equal amounts and the exchange must take place in the same sitting as the contract if the exchange is concerning one type of currency. The evidence for that is the report narrated by ‘Ubaadah ibn al-Saamit (may Allaah be pleased with him) who said: The Messenger of Allaah (peace and blessings of Allaah be upon him) said: “Gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates, salt for salt, like for like, same for same, hand to hand. If the types are different then sell however you like, so long as it is hand to hand.” Narrated by Muslim, 1587. 

It says in Majmoo’ Fataawa Ibn Baaz (19/171-174): 

Dealing in currency, buying and selling, is permissible, but that is subject to the condition that the exchange be hand-to-hand if the currencies are different. If a person sells Libyan currency for American or Egyptian or whatever currency hand to hand, there is nothing wrong with that, such as if he buys dollars for Libyan currency hand to hand, exchanging it in one sitting, or he buys Egyptian or English currency etc for the Libyan or whatever currency hand to hand, there is nothing wrong with that. But if there is a delay, then it is not permissible, and if the exchange is not done in the same sitting, it is not permissible, because in that case it is regarded as a kind of riba-based transaction. So the exchange must take place in the same sitting, hand to hand, if the currencies are different. But if they are of the same kind, two conditions must be met: they should be of equal amounts and the exchange should take place in the same sitting, because the Prophet (peace and blessings of Allaah be upon him) said: “Gold for gold, silver for silver…”

 The ruling on currency is as mentioned above; if they are different then it is permissible for the amounts exchanged to be different, so long as the exchange takes place in the same sitting. If they are of the same kind, such as dollars for dollars, or dinars for dinars, then the exchange must take place in the same sitting and they should be of the same amount. And Allaah is the source of strength. End quote.

Ruling on dealing in currencies in the FOREX system and paying fees for delaying the deal

Is it permissible to deal in currencies in the foreign exchange market (forex) over the Internet? What is your opinion regarding the issue of tabiyeet (stipulating interest for not using the deal at the same day)? What is also your opinion about the clearing process which is to delay submitting one to two days after the contract ends.

Praise be to Allaah.

It is permissible to deal in currencies if the deal is done hand to hand and the transaction is free of conditions that stipulate riba, such as the stipulation of fees for delaying the deal, which is interest that is charged to the investor if he does not take a decision concerning the deal on the same day. 

With regard to hand to hand exchange, this has been discussed in the answer to question no. 72210. 

With regard to the fees for delaying the deal and trading in margins, a statement has been issued by the Islamic Fiqh Council concerning this, which says the following: 

Praise be to Allaah alone and blessings and peace be upon the one after whom there is no Prophet, our master and Prophet Muhammad, and upon his family and companions. To proceed: 

The Islamic Fiqh Council of the Muslim World League, in its eighteenth session that was held in Makkah al-Mukarramah from 10 to 14/3/1427 AH (8 to 12 April 2006 CE), has examined the issue of trading in margins, which means that the customer pays a small amount of the value of what he wants to buy, which is called a “margin”, and the agent (the bank or otherwise) pays the rest as a loan, provided that the purchase contract remains in the name of the agent as a pledge for the money that was loaned.  

After listening to the research that has been submitted and the detailed discussion on this topic, the opinion of the council is that this transaction involves the following: 

1 – Dealing in buying and selling for the purpose of profit, and this dealing is usually done in major currencies or financial certificates (shares and bonds) or some types of products, and it may include trade in options, futures and the indexes of major markets. 

2 – Loans, which refers to the money given by the agent to the customer directly if the agent is a bank, or via a third party if the agent is not a bank. 

3 – Riba, which occurs in this transaction in the form of fees for delaying the deal. This is interest that is charged to the purchaser if he does not make a decision on the same day, and which may be a percentage of the loan or a set amount. 

4 – Commission, which is the money that the agent gets as a result of the investor’s (customer’s) dealing through him, and it is an agreed-upon percentage of the value of the sale or purchase. 

5 – The pledge, which is a commitment signed by the customer agreeing to leave the contract with the agent as a pledge for a loan, giving him the right to sell these contracts and take back the loan if the customer’s losses reach a specific percentage of the margin, unless the customer increases the pledge in order to compensate for a drop in the price of the product. 

The Committee believes that this transaction is not permissible according to sharee’ah for the following reasons: 

Firstly: It involves obvious riba, which is represented by the addition to the amount of the loan which is called “paying fees for delaying the deal”. This is a kind of haraam riba. Allaah says (interpretation of the meaning):  

“O you who believe! Fear Allaah and give up what remains (due to you) from Ribaa (from now onward) if you are (really) believers.

279. And if you do not do it, then take a notice of war from Allaah and His Messenger but if you repent, you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums)”

[al-Baqarah 2:278-279] 

Secondly: The agent stipulates that the customer must deal through him, which leads to combining both giving a loan for something in return and paying commission, which is akin to combining giving a loan and selling at the same time, which is forbidden in sharee’ah because the Messenger (peace and blessings of Allaah be upon him) said: “It is not permissible to give a loan and sell at the same time…” The hadeeth was narrated by Abu Dawood (3/384) and al-Tirmidhi (3/526), who said it is a hasan saheeh hadeeth. In this case he has benefited from his loan, and the fuqaha’ are unanimously agreed that every loan that brings a benefit is haraam riba.

Thirdly: Dealings that are done in this manner in the global markets usually involve many contracts that are haraam according to sharee’ah, such as: 

1-    Dealing in bonds, which comes under the heading of riba which is haraam. This was stated in a resolution of the Islamic Fiqh Council in Jeddah, no. 60, in its sixth session.

2-    Dealing indiscriminately in company shares. The fourth statement of the Islamic Fiqh Council of the Muslim World League in its fourteenth session in 1415 AH stated that it is haraam to deal in the shares of companies whose main purposes are haraam, or some of their dealings involve riba.

3-    Selling currencies is usually done without the hand to hand exchange which makes them permissible according to sharee’ah.

4-    Dealing in options and futures. A resolution of the Islamic Fiqh Council in Jeddah no. (63), in its sixth session, stated that options are not permissible according to sharee’ah, because the object of dealing in these contracts is not money or services or a financial obligation which it is permissible to exchange. The same applies to futures and trading in indexes.

5-    In some cases the agent is selling something that he does not possess, and selling what one does not possess is forbidden in sharee’ah.  

Fourthly: This transaction involves economic harm to the parties involved, especially the customer (investor), and to the economy of the society in general, because it is based on borrowing to excess and taking risks. Such matters usually involve cheating, misleading people, rumours, hoarding, artificial inflation of prices and rapid and strong fluctuation of prices, with the aim of getting rich quickly and acquiring the savings of others in unlawful ways. Hence it comes under the heading of consuming people’s wealth unlawfully, in addition to diverting wealth in society from real, fruitful economic activity to this type of risk that has no economic advantage, and it may lead to severe economic turmoil that will cause great loss and harm in society. 

The Council advises financial institutions to follow the ways of finance that are prescribed in sharee’ah and that do not involve riba and the like, and do not have harmful economic effects on their customers or on the economy in general, like shar’i partnerships and the like. And Allaah is the Source of strength. 

May Allaah send blessings and peace upon our Prophet Muhammad and all his family and companions. End quote from Majallat al-Majma’ al-Fiqh al-Islami, issue no. 22, p. 229. 

We ask Allaah to guide us and you. 

And Allaah knows best.

How to Change Communication Address with Patent Office?

As per Public Notice Number No.CGIFIPNI2011/81, All Patent Agents registered under the Patents Act, 1970, are hereby infonned that any communication regarding alteration/addition of address, incorporation of e-mail lD, contact numbers and any other miscellaneous matters regarding Registered Patent Agent may be sent to the e-mail meenakshi.ipo@nic.in. Such communications need not be send to E.Mail of Controller General,PDTM.

How To Get Lost Mobile Phone Back?

Got an interesting fact to share... Nowadays each one of us carries Hi – Fi Mobile devices and always fears that it may be stolen.
Each mobile carries a unique IMEI i.e. International Mobile Identity No which can be used to track your mobile anywhere in the world.

This is how it works!!!!!!

1. Dial *#06# from your mobile.
2. Your mobile shows a unique 15 digit.
3. Note down this no anywhere but except your mobile as this is the no which will help trace your mobile in case of a theft.
4. Once stolen you just have to mail this 15 digit IMEI no. to cop@vsnl.net
5. No need to go to police.
6. Your Mobile will be traced within next 24 hrs via a complex system of GPRS and internet.
7. You will find where your hand set is being operated even in case your no is being changed.

If you lose your mobile, send an e-mail to cop@vsnl.net with the following info.

 Your name:

 Address:

 Phone model:

 Make:

 Last used No.:

 E-mail for communication:

 Missed date:

 IMEI No.:

Family Problems In US and India

Two men, one American and an Indian were sitting in a bar and discussing about their family problems. The Indian man said to the American, ‘We have problem in India we can’t marry the one whom we love, You know my parents are forcing me to get married to this so called homely girl from a village whom I haven’t even met once.’ We call this arranged marriage. I don’t want to marry a woman whom I don’t love… I told them that openly and now have a hell lot of family problems.’

The American said, talking about love marriages… In America We can marry the one whom we love ……I’ll tell you my story. ‘I married a widow whom I deeply loved and dated for 3 years. After a couple of years, my father fell in love with my step-daughter and married her, so my father became my son-in-law and I became my father’s father-in-law.

Legally now my daughter is my mother and my wife my grandmother. More problems occurred when I had a son. My son is my father’s brother and so he is my uncle. Situations turned worse when my father had a son. Now my father’s son, my brother is my grandson. Ultimately, I have become my own grandfather and I am my own grandson.”

Sacche bol: Between nikah and janaaza

Farq sirf itna sa tha.......teri doli uthi, meri miyyath uthi!

Farq sirf itna sa tha.......tu saj gayi, mujhe sajaya gaya!

Farq sirf itna sa tha.......tu bhi ghar ku chali, mi bhi ghar ku chala!

Farq sirf itna sa tha.......tu uth ke gayi, mujhe uthaya gaya!

Farq sirf itna sa tha.......mefil wahan bhi thi, log yahaan bhi the!

Farq sirf itna sa tha.......unka hasna wahaan, inka roona yahaan!

Farq sirf itna sa tha.......quazi udhar bhi tha, moulvi idhar bhi tha!

Farq sirf itna sa tha.......do bol tere pade, do bol mere pade!

Farq sirf itna sa tha.......tera nikah pada, mera janaaza pada!

Farq sirf itna sa tha.......tujhe apnaya gaya, mujhe dafnaya gaya!