Islamic finance is built on Shariah principles, ensuring fairness and ethics. Two central restrictions are riba (interest) and haram (prohibited activities). These concepts set Islamic finance apart from conventional systems. Understanding riba and haram helps investors and clients comply with religious norms. This article explains these restrictions in detail. You’ll learn how they shape financial […]
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 […]
Tobacco and its consumption have been subjects of debate among Islamic scholars for centuries. With the growth of the tobacco industry and its impact on health and the economy, a crucial question arises: Is the tobacco business halal or haram in Islam? This article will explore the Islamic perspective on tobacco, analyze scholarly opinions, examine […]
The question of whether life insurance is haram (forbidden) in Islam has sparked significant debate among Islamic scholars and the Muslim community. To determine «Is life insurance haram in Islam?», we must delve deep into the principles of Shariah related to financial transactions and examine how conventional life insurance aligns with these principles. This detailed […]
In today’s complex financial world, life insurance has become a common tool for providing financial security to families in the event of unforeseen circumstances. However, for Muslims striving to live according to Islamic principles, the question arises: Is life insurance prohibited in Islam? This question requires a deep understanding of Islamic financial principles and Shariah […]