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
Muslims who plan to buy a house through Islamic Mortgage can use Islamic Mortgage Calculators to calculate mortgage payments. If you are planning to buy a house, you must check how much loan you can afford to take. Homebuyers often end up taking too many loans and buying a bigger
Hands up if you love those scrumptious Korean dishes! But, are you Muslim, and that keeps you away from a lot of Korean dishes out there even though you badly want to eat them? When eating out, Muslims are limited in the Korean food options they can eat due to
Singapore is a great place to visit and vacation with family and friends as it has a plethora of activities to enjoy within a reasonable vicinity. Whether you are looking to explore the vast culture or just relax, Singapore has a lot to offer. If you are looking for a
"Establish prayer, give Zakah, and bow with those who bow (in worship and obedience). [Quran 2:43] Prayer (Salah) is the second pillar of Islam which is obligatory for all Muslims. Several verses in the Quran depict the importance of praying to Allah (SWT) and the rewards of following
Halal Travel
Istanbul Vacations for Halal Travelers Istanbul is the perfect destination for your halal vacation. With the culture of the Roman, Byzantine and Ottoman empires built into the city, there are tons of mosques and museums to celebrate this rich history. Istanbul is also a thriving modern metropolis, and the vibrant
"Read the Quran, for verily it will come on the Day of Standing as an intercessor for its companions." (Muslim) Islam encourages Muslims to cultivate the act of reading the Quran. The Quran holds the commandments and lessons Allah (SWT) wants us to understand and follow. Besides that,
New York City is a halal cart paradise. There are so many different varieties and specialties that you can find any halal food you would want, right in your borrow. While halal food is found—and is growing to be even more popular—across the world, New York City has
As Muslims continue to grow, as a percentage of the population in the United States, it is only expected that like-minded business and commercial enterprises will multiply to accommodate this expanding market. A primary example of this phenomenon is in the real estate finance sector. Since Halal practices are important
Key Takeaways An ETF also known as Exchange Traded Fund is a combination of financial securities that is like a stock and is traded on a stock exchange. ETFs can be halal or haram. Investing in a certified Shariah-compliant ETF is the safest way to invest if you are a
Key Takeaways: * Cryptocurrency is digital money that is not controlled by any central authority. * Some Islamic scholars deem cryptocurrencies such as Bitcoin to be halal. While others deem it haram because of speculation and its decentralized nature. * Fatwas by Islamic scholars might change in the future regarding cryptocurrencies depending on
Islamic Finance
According to the American Journal of Islamic finance, more than 420,000 Muslim families in the USA don’t own a home; a relatively higher percentage than their non-Muslim peers. Islamic finance can bridge the gap between financing needs and homeownership. Various Islamic financing products can be used for halal