Are anklets haram? This is a question that many Muslim women have, especially since it is such a common accessory. While there is no clear cut answer, I shall explore the various schools of thoughts about wearing anklets to help make a decision. So make sure you read till the end! What is Haram? There … Read more
56 cryptocurrencies are considered halal and 50 are haram Out of 106. Major cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin are considered halal, while Shiba Inu(SHIB) token, Alpha, and PancakeSwap (CAKE) are classified as haram. Is cryptocurrency halal? There has been much debate surrounding the topic of cryptocurrency and whether it is halal or haram. … Read more
Forex trading is permissible in Islam under certain conditions. These conditions prohibit interest-based transactions and speculative trading, which are seen as gambles and usurious. Forex trading must have a specific purpose and not be pursued solely for profit. Excessive risk-taking, including trading on margin, is discouraged, as it also involves gambling. Is forex trading halal? … Read more
Life Insurance is considered haram. Life insurance of one’s life or possessions is not allowed in Islam because it involves risk and interest, which are forbidden by Allah. Transactions that involve deceit or risk are also prohibited to protect the ummah from harm. Is life insurance haram? One of the most common questions we get … Read more
Investing in stocks is not considered haram in Islam, as long as the stocks are not acquired from companies operating in prohibited industries or in a manner that goes against Islamic principles. Is investing in stocks haram? When it comes to investing in the stock market, there is a lot of debate about whether or … Read more
Why is interest haram? As a practicing Muslim, you are probably well aware of the Islamic prohibition on interest. This is known as riba, and it is considered one of the most serious offenses in the religion. Why is this the case? Let’s take a closer look at the reasons behind this ban. A Closer … Read more
No. Investing is not inherently haram. In Islamic finance, investing is considered permissible as long as certain principles and guidelines are followed. These principles include avoiding interest-based transactions, steering clear of haram activities, and sharing profits and losses. By adhering to these principles, investors can engage in halal investing, aligning their financial actions with their … Read more
Is mortgage haram? When it comes to mortgages, there are a lot of different opinions out there. Some people believe that they are haram (forbidden), while others believe that they are permissible. So, what is the truth? Make sure to read till the end to know answers to your queries! What is Haram? There are … Read more
Mutual Funds are considered halal if it is shariah compliant. Halal mutual funds involved in socially responsible industries such as healthcare, renewable energy, and education. Are mutual funds halal? When it comes to investing, there are many different options available. One popular option is mutual funds. There is no easy answer to this question. It … Read more
Yes, Trading options is considered halal as long as it is done with a reputable broker that is regulated by a reputable body. It is important to understand the two types of options, call and put options, before starting to trade, as they have specific differences. Is options trading halal? If you’re a Muslim considering … Read more