Islam has its own principles and guidelines, defined under Sharia that govern all the aspects of the life of a believer including economic affairs undertaken by a Muslim.
Although Muslims constitute about 33% of the world population, there is no financial and economic system that fully complies with the Islamic sharia guidelines.
There are is a huge gap for Muslims to access halal (sharia-compliant) investment options. Most of the available investment options in the modern economics and financial system are not congruent with the sharia principles, as these are primarily based on interest or Riba.
The reasons for lack of halal alternates , amongst other factors, can be attributed to the lack of awareness and understanding amongst Muslims in general about the severity of prohibition of Riba in the Quran and the understanding of the concept of interest (Riba).
However, the situation is gradually changing with many halal alternates being created, developed and identified. So as practicing Muslims, it is our duty to learn about such alternates to earn and grow our wealth the halal way.
This blog is an effort towards learning , educating , discussing about the shariah aspects in finance and economics and to know about the shariah compliant alternates and how Muslims can benefit from the financial growth and prosperity of the world without comprising on their deen.