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Loans / Financing

In Western societies, Financing has become a way of life. The basic form of financing is to buy a certian product or service (e.g. TV set,Car, clothings, ...etc.) and pay in installments and...

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Analysis of the Dow Jones Industrial Average companies

Following is an analysis of the 30 companies forming the Dow Jones IndustrialAverage (DJIA), form the Muslim point of view.CompanySymbol/QuoteCommentsAlcoaAA American ExpressAXP American Express...

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Islamic Analysis of US Industries

The following is an analysis of the Industries classificationfor the USA. Certain industries are clearly prohibited from theIslamic point of view. Others are questionable.We will use the following from...

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Insurance

Commercial Insurance has been deemed unacceptable under IslamicSharia law by many scholars. This includes property insurance (house,car), life insurance, and health insurance.However, many scholars...

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Pitfalls to avoid

Although Islamic Banking, Finance and Investment has been rising steadilyin the second half of the twentieth century, there has been some setbacksand pitfalls, that every Muslim should be aware...

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Purification by Charity

Since most bank accounts, Mutual Funds, and other financial instrumentsoperate under non-Islamic Financial systems, they have some income frominterest despite the invetor (or the fund managers) being...

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Wealth as a reponsibility in Islam

As a Muslim, there are many responsibilites the one should undertake in thislife. One of these responsibilities is management of wealth.Like most things in this life, wealth can be both beneficial...

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Why is interest/riba prohibited in Islam?

The question on why riba is prohibited is often raised by some who wonder how something that is now so prevalent in the world's economy can be prohibited.For some, the answer to your question can be as...

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Currency Trading (Forex)

Trading one currency for another is, in principle, permissible in Islamic law. Trading currency on a forward basis is not permissible.Contemporary forex trading also involves a lot of speculation and...

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Is interest permissible in Islam?

A blog post by Zafirah on Riba/Interest and is it permissible in Islam.Contents: Principles

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