Bio - Yusuf Talal DeLorenzo
Yusuf Talal DeLorenzo, currently lives in the U.S.A, and has been in the Islamic Banking and Finance scene for a long time.
Presently he is Chief Shariah Officer and Board Member at Shariah Capital.
Shariah Screening
The following question and answer by Sheikh Yusuf Talal DeLorenzo attendees of the Dow Jones University Courses on Islamic Investement.
Note: The course referred to in the answers is available only via the Dow Jones University. Muslim-Investor.com does not have access to this course material. Please contact the Dow Jones University directly for more information.
Mortgage on Investment properties
Question:: I own 3 properties on interest based mortgage. I receive rental income from 2 properties and live in one. There are surpluses on rental income after paying monthly interest and other expenses. However, I use the surplus to repay my personal loan. ( Allah willing, I am seeking an Islamic solution to my financial affairs)
Please comment on my situation and advise me if I could borrow further(interest bearing) to help the Muslims in Chechnya. May Allah help us all!
Answer: Answered by Sheikh Yusuf Talal DeLorenzo
The Residual Value of Leased Assets
The following question and answer by Sheikh Yusuf Talal DeLorenzo attendees of the Dow Jones University Courses on Islamic Investement.
Question:: I read that Islamic Banks usually make transfer of ownership just an option to sell at the end of a lease. Does this mean that during the commencement of the contract, Islamic Banks retain the ownership indefinitely and include an option to sell only if they feel it is rewarding?
401K Plan
The following question and answer by Sheikh Yusuf Talal DeLorenzo attendees of the Dow Jones University Courses on Islamic Investement.