Ameen Housing Cooperative of California or AHC for short was established in 1966, as a cooperative financial institution based on the Toronto Housing cooperative model. Ameen Housing offers halal investing opportunities for its investors and provides halal home loans to those who want to buy or refinance a loan. It
In secular societies, people of faith must sometimes make difficult decisions about business and finance. They can opt to resist anything that counters conscience and belief. Alternatively, they can subordinate religious principles altogether as a matter of convenience. A third path is to discern a possible middle path whereby sacred
Home ownership in the United States carries a certain honor. In a country where property rights have a hallowed place, to hold title to real estate reflects financial security and civic responsibility. Owners are stakeholders in their communities so, needless to say, proprietorship is a desired status. Few, however, would
You must have asked yourself this question at some point. Is it better to buy or rent a house? The answer to this question depends on your unique situation. Imagine, after renting for so many years, you would look back and wish you had purchased a house. Or you might
The tranquility found at Mosques is second to none. Considering Mosques are the holiest of places in Islam, we hope you get a chance to visit the following mosques that each have their own beauty and architectural style differentiating them from each other. Some of these mosques have existed for
Islamic finance
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 and
Islamic finance
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