FAQs

Business whose core or primary activity are not in line with the sharia guidelines will be considered as non-shariah compliant business. Therefore companies dealing in riba (interest)  like banks, insurance companies, other financial institutions, company related to the business of alcohol whether it is ,manufacturing, distributing, etc., sale of pork and related products, non-shariah compliant […]

Purification ratio is the percentage of non-shariah compliant income in the total income of the company. This amount should be deducted from the dividend income and price appreciation upon selling the shares and given in charity to purify the income from the share investment in those shares. The charity should not be included in the

Since the share market is a recent phenomena, the parables of which were not available during the times of Prophet Mohamad ﷺ, there is nothing specific related to these in the Quran and Sunnah. Therefore, scholars on the basis of  qiyaas (analogy) , ijma (consensus) have  proposed these ratios in order to enable Muslims to