Key Takeaways * Islamic financing refers to banking, lending, capital financing, saving, and investing activities that comply with Shariah or Islamic law. * Under Shariah Finance, Muslims must only invest in business ventures or stocks of companies that abstain from practices forbidden in Islam. * Interest also known as Riba is haram in
Key Takeaways * Conventional term based life insurance is not permissible since this form of life insurance contains elements of gharar (uncertainty), maysir (gambling) and riba (interest) which are all deemed to be haram in Islam. More on that later in the article! * A takaful model can provide a halal life
"Read in the name of the Lord Who created you." (Quran 96: 1) Key Takeaways * Seeking knowledge in Islam is an act of workship! * There are several colleges and universities that offer online Islam studies degree in several subject matters * Many of these Islamic institutions offer various degree
Key Takeaway: * Credit cards give credit cardholders the ability to borrow funds for purchases up to the credit card’s limit. If you return the borrowed funds in time (statement balance), you will not have to pay any interest. * Not all credit cards are haram. Muslim scholars are unanimous that
As Muslims, we make numerous preparations for the month of Ramadan, it was reported that many companions during the Prophet Mohammed’s (PBUH) time would start preparing for the upcoming Ramadan right after the previous Ramadan, basically a whole year in preparation mentally and spiritually. Similarly, the prophet’s companions
Key Takeaways * Dating sites can give you the chance to meet your life partner without the stress of cultural and familial influence. * One dating site in particular offers a chaperone feature which helps keep things as halal as can be! * There are several halal dating sites with top-notch security
Muslim communities in the United States are finding an increasing number of commercial operations are vying for their patronage. As with other faiths, this demographic can be more or less exacting in terms of religious observance. Nevertheless, a large portion of the followers of Islam seek to honor its requirements
As the second pillar of Islam, Salah is obligatory. All Muslims that are of age of puberty should observe Salah as prescribed in the Quran. However, before praying, there's a need for purification (Wudhu). O, you who have believed, when you rise to [perform] prayer, wash your faces
This article will dive into Qiyam-al-layl and its benefits. Qiyam-al-layl is the act of standing to pray to Allah (SWT) during the night. It also comprises other forms of Worship like making Dhikr, reading the Quran, making duaa to Allah (SWT) for his mercy. Qiyam-al-
Zakat is an important obligation in Islam. It is meant to help the poor and promotes the overall financial well-being of society. Every adult Muslim who has accumulated the level of wealth on which Zakat is obligatory must pay Zakat. This article will help you calculate Zakat on gold.
Learn everything about islamic mortgage. Make a confident decision about your halal home ownership journey.
Islamic finance
Key Takeaways * Gharar means uncertainty, deceit, risk, and hazard. * Islam promotes openness and certainty in business transactions therefore gharar is prohibited in Islam. * There are two types of gharar: gharar yasir (minor uncertainty) and gharar fahish (extreme uncertainty). Gharar yasir in a financial contract is permissible but contracts involving gharar