Get information here about financial things that are halal or haram. Halal financial products and investments are those that are permissible under Islamic law. Haram financial products and investments are those that are forbidden by Islamic law. This information can help you make informed financial decisions that align with your values and beliefs.
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
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