What Is Zakat? The Complete Guide to Islam’s Obligatory Charity
Zakat is the obligatory annual charity in Islam: 2.5 percent of a Muslim’s qualifying wealth, such as cash, gold, silver, trade goods and …
What Are Sukuk? How Islamic Bonds Pay Investors Without Interest
Sukuk, often called Islamic bonds, are certificates that give investors a share in the ownership of assets, a project or a business activity. Instead …
Is Day Trading Halal or Haram? What AAOIFI’s Standard Allows and Forbids
Under AAOIFI’s standard on shares, buying and selling shares of Shariah-compliant companies within the same day is permitted, because ownership …
Are Cryptocurrencies Compatible With Islamic Finance? What Fatwa Bodies and Regulators Say
There is no single Islamic ruling on cryptocurrency. Egypt’s Dar al-Ifta and Turkey’s religious authority have called trading bitcoin …
The 5 Essentials of Halal Investing: What Makes an Investment Shariah-Compliant
Halal investing rests on five rules: avoid interest (riba); own only businesses whose main activity is permissible; avoid excessive uncertainty …
Are Bonds Halal or Haram in Islam? What Scholars Rule, and How Sukuk Differ
Conventional bonds, which pay interest on a loan, are prohibited under the rulings of the International Islamic Fiqh Academy and the Accounting and …
How to Tell If a Stock Is Halal: The Screening Rules, Ratios and Purification
A stock is generally considered halal, or Shariah-compliant, when the company’s main business is permissible and its finances pass three tests: …
Halal Certification for Supplement Makers: Ingredients, Deadlines and the Market
Halal certification opens supplement makers to a $112 billion Muslim pharmaceutical market and is becoming a legal requirement: Indonesia requires …