Invest the Right Way
What is shariah screening of stocks/shares Islamic sharia prohibits the consumption of riba (interest) and businesses whose core activity is immoral and not beneficial to society. Therefore, companies whose core activity involves such businesses are considered not shariah compliant and it would be haram for a Muslim to invest in such companies. So companies involved […]
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Murabaha is one of the most popular Islamic finance structure that is widely used by Islamic banks for financing the sale/purchase of goods and commodities. It is based on the concept of cost plus profit. Under this structure the buyer agrees to buy a commodity on a cost plus profit basis. The basic premise is
WHAT IS INTEREST? A simple definition of interest would be that, it is the price of money. And the factor that determines the price of money is time. So for the longer period money is lent the higher is the interest to be paid for it. Sounds reasonable considering that all things have a price,
IS BANK INTEREST REALLY HARAM IN ISLAM? As Muslims we all have heard that Riba (interest) is haram in lslam. But if that is the case why is the use of interest so widespread among Muslim——-even in Muslim countries ? I guess the primary reasons for the same is lack of proper understanding of the
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