What is Islamic mortgage and how does it work?
Learn everything about islamic mortgage. Make a confident decision about your halal home ownership journey.
What is Gharar in Islamic Finance, And How To Avoid It?
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
Best Islamic Mortgage Calculators
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
University Islamic Financial Corporation (UIF) Review
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
Halal ETF investing: Complete Guide
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
What is Cryptocurrency and is it Halal?
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
How do islamic finance companies make money?
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
Islamic finance
Guidance Residential Review
To live life as a Muslim in the United States means to pursue the American Dream of home ownership while adhering to the ancient and comprehensive tenets of Islam. The two goals are not mutually exclusive, though they are sometimes challenging to balance. Yet meeting such challenges builds personal character
How to calculate Zakat on 401(K)?
Zakat is one of the five pillars of Islam. Paying Zakat is a must if you are Sahib-un-nisaab. If you are contributing to a 401(k) account, and have accumulated the Nisaab, here is what you need to know about Zakat on 401(k) accounts. Different scholars have
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Islamic finance
How to calculate Zakat? [simple guide with examples]
What is Zakat? The word Zakat has two meanings: purification, and growth and increase. In the light of the Quran and Sunnah, Zakat refers to a portion of a Muslim’s assets that must be spent according to the guidance in the Quran. Zakat is one of the five pillars
Halal Investing
How to check if a stock is Halal or Not? with example!
What is considered a halal stock? In short, a stock that is listed on the stock exchange is termed Halal when it meets the Shariah screening criteria derived from the Holy Quran and Sunnah. This article will introduce you to Shariah stock screening including a step-by-step guide explaining
10 Islamic Finance terms every Muslim should know
The world of finance can be daunting even to those who are in the finance space. It is no surprise that Islamic finance isn’t any easier. We got you covered with the top 10 Islamic finance terms every Muslim should know in 2022. Utilizing Islamic financial practices is an