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 […]
The concept of charging or paying interest has long been central to most conventional financial systems. However, in Islamic finance, the practice known as riba—broadly interpreted as usury or unjust increases on loans—is firmly forbidden by Sharia law. The term “riba” stems from Arabic, meaning “increase” or “excess,” emphasizing the idea of illegitimate gain from […]
Over the past few years, cryptocurrencies have become one of the most discussed and innovative areas of the financial sector. From Bitcoin, launched in 2009, to a multitude of new projects, tokens, and decentralized applications (DApps), the industry has grown tremendously. However, for a Muslim investor or trader, an important question arises: Is it possible […]
With the advent of cryptocurrencies like Bitcoin, Ethereum, and others, the financial world is experiencing a revolution. Cryptocurrencies offer new opportunities for investment and financial transactions that are independent of traditional banking systems. However, for Muslims striving to live according to Shariah principles, a crucial question arises: Is crypto trading halal? This question requires a […]
The Forex market offers vast opportunities for trading and investment, attracting many Muslim traders interested in participating in the global financial markets. However, the question of how to engage in halal trading on the Forex market according to Shariah remains significant. This comprehensive guide will explore the methods and tools that make Forex trading permissible […]
The Forex market, or foreign exchange market, is one of the largest and most liquid financial markets globally, with daily trading volumes reaching trillions of dollars. Many investors and traders are attracted to the potential profits from fluctuations in currency exchange rates. However, for Muslims striving to live according to Islamic principles, a crucial question […]
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 […]
Financial well-being and stability are vital aspects of everyone’s life. The question of whether you can save money in Islam concerns many Muslims striving to live according to religious prescriptions. Islamic principles of financial management aim to balance personal prosperity, social justice, and spiritual development. This article explores how Islam views the accumulation of wealth, […]
Islamic finance represents a system of financial relationships based on the principles of Shariah—the Islamic religious law. Unlike the conventional financial system, Islamic finance is governed by specific norms and prohibitions aimed at ensuring justice, transparency, and social responsibility. This article provides an in-depth look at the main prohibitions in Islamic finance, their principles, and […]