Investing in stocks is permitting if certain conditions are met, as outlined by Mufti Taqi Usmani and others. which are: 1. The main business of the company being invested in is permitted by the shari`ah. 2. The share holder must voice his disapproval of company policy if the company isContinue Reading…
Conditions for Investment in Shares In the light of the forgoing discussion, dealing in equity shares can be acceptable in Shariah subject to the following conditions: 1. The main business of the company is not in violation of Shariah. Therefore, it is not permissible to acquire the shares of theContinue Reading…
May Allah reward you for your pursuit of beneficial knowledge. Islamic banks and financing institutions structure their home-purchase contracts in a different way than conventional mortgages. While the end result (in terms of the amount you pay) might not be much different, the Islamic contract differs in important respects, involvingContinue Reading…
