What is Sharia in the Financial Context? Sharia is the Islamic legal framework, drawn from the Quran, the Prophet Muhammad’s hadiths, and scholarly interpretations, guiding all life aspects, including banking. In the Islamic banking sector, Sharia establishes ethical and religious standards, setting it apart from conventional systems. Its core aim is to promote fairness, transparency, […]
In Islam, the terms “halal” (permitted) and “haram” (forbidden) establish the boundaries of acceptable behavior under Sharia law. While many people are familiar with these concepts in relation to dietary rules, their impact extends far into the financial world. Ethical investing, free from forbidden sectors or practices, is a cornerstone of Islamic economics. Yet determining […]
Halal stock market investing offers a unique way to align financial goals with moral principles. It is an approach built upon Islamic guidelines, which prioritize social responsibility and prohibit exploitative practices. Investors who follow these teachings aim to avoid industries linked to gambling, alcohol, and interest-based financing. By selecting stocks that comply with Sharia principles, […]
Halal (Arabic: حلال) is a term widely used in Islam to denote everything that is permissible and lawful according to Shariah (Islamic law). The concept of halal encompasses various aspects of a Muslim’s life, including food, clothing, behavior, financial transactions, and much more. This article provides a detailed exploration of what halal means, its significance […]