No, 401k is not considered halal. Islamic scholars have concluded that 401k is not considered halal. In the context of Islamic finance, the term “halal” denotes actions or products that are permissible according to Islamic law. This encompasses investments that do not involve interest (riba), gambling (maysir), or speculative practices (gharar). Is 401k halal? There … Read more
Is roth IRA haram? The Roth IRA is a retirement savings account that allows you to invest after-tax dollars. This means that you will not be able to deduct your contributions from your taxes, but all of the money in the account can grow tax-free. When you reach retirement age, you can withdraw the money … Read more
Is real estate haram? When it comes to real estate, the question of whether or not it is haram – forbidden by Islam – is a common one. After all, real estate can be a huge financial investment, and many people want to know if they can do so without violating their faith. Read the … Read more
Is CFD Trading halal? This is a question that many Muslims grapple with, as Islam prohibits gambling. But what exactly is CFD trading, and is it considered gambling? In this blog I briefly explain what CFD training is and speak about whether CFD trading is halal or haram. So make sure to read till the … Read more
No, Leverage Trading is note halal, because Leverage trading refers to using borrowed funds to amplify potential returns in financial trading. In Islamic finance, there is a principle called “riba” which prohibits the charging or paying of interest. Is leverage trading halal? As most of us are aware, Islamic law has strict rules and regulations … Read more
Investment banking is not inherently haram, but some of the activities that investment banks engage in may be considered haram from an Islamic finance perspective. For example, investment banks may engage in activities such as lending with interest (riba), speculative trading, and investing in companies that engage in haram activities such as gambling or selling … Read more
Tesla Stock is partially halal because Tesla is primarily involved in halal industries, it does have subsidiaries that are involved in non-halal industries such as alcohol, and its debt-to-assets ratio exceeds the threshold for halal investing. Is Tesla stock halal? When it comes to making money, there are a lot of different opinions out there … Read more
Amazon is one of the largest and most successful companies in the world, with a market capitalization of around $1.6 trillion as of 2024. As a result, many investors are interested in owning a piece of the company through buying its stock. However, for Muslim investors, the question of whether Amazon stock is halal or … Read more
Yes, Apple stock is considered halal. According to Sharia law, an ownership share is considered Halal if the company is not involved in activities such as lending, gambling, or producing alcohol, tobacco, pork, or pornography. In other words, if the product can be used by end-consumers, then it is considered Halal. Is apple stock halal? … Read more
Day trading is a popular method of trading in the stock markets, which involves buying and selling stocks within the same trading day, with the aim of making profits from the small price movements. For many people, day trading has become a viable source of income, while for others, it’s a way to supplement their … Read more