Invest the Right Way
Often I hear statements like … ‘Why is it that most investment options are haram.‘ Or ‘In Islam everything is haram and we don’t have an option.’ The answer to this is very simple …. because the modern day economic system is not based on Islamic shariah principles but on riba, gharar and lack …
One of the most common arguments in favour of modern day bank interest is that it is not the same riba as defined in the Quran, because the Quranic riba specifically refers to usurious loans. This issue has been discussed at length in the 1991 judgment of the Shariah Appellate Bench of the Supreme Court …
Are ULIPs a good investment options or are these a scam. A lot of users complain of huge losses to their initial investments.
One of the most common dilemma faced by practicing Muslims in India is that if there are any sharia compliant tax savings options in India. The short answer to it is NO, as there is no option that can be considered 100% compliant. But there are some divergent views with respect to tax saving instruments. …
