Debt: How It Destroys Lives, How You Can Fight It

The good folks at Rizqwise have a very worthy multi-part series on debt that you should really listen to. If you haven’t got the time, this concluding episode is not to be missed. Rizqwise speak to Rehan Huda, a prominent investment banker and leading authority in Islamic Finance, about some of the key lessons we […]

Is It Permissible to Set a Fixed Return on an Investment?

Answered by Shaykh Faraz A. Khan Question: Are Fixed Returns Permissible?… such as the following scenario: Person A says “Invest in me and I will double your money in 6 months” Person B says “I will invest £100 pounds and then after 6 months I get £200 back Person A says “Agreed” Answer: Assalamu alaikum […]

Getting Rid of ‘Fixed Income’ Returns

Answered by Shaykh Faraz A. Khan Question: My wife became Muslim in May 2011. Her parents had opened up two investment accounts for her, a roth IRA and an Individual Investment account. They just recently transferred the accounts into her name. Upon examining it, I noticed that some of the mutual funds that they invested […]

Investing in Precious Metals & Minerals: Some Key Considerations

Answered by Shaykh Taha Abdul-Basser Question: I have a question about investing in the stock market. I was looking at a stock that is offered through the investing tools with the bank I use. From what I can tell the fund primarily invests the majority of capital in gold markets with the rest in smaller […]

Buying with the Intention of Capital Gain

Answered by Mufti Muhammad ibn Adam al-Kawthari Question: Is it permissible to purchase shares with the intention of capital gain? Answer: In the Name of Allah, Most Merciful Shares from the stock market are generally purchased for two reasons. Some people purchase shares for the purpose of investment, hence their main aim is to become […]

Investment in Stocks

Answered by Sidi Salman Younas Question: What does Islam say about investment in stocks. Although there is no interest involved, some people call it forbidden. Any details please? Answer: assalamu `alaykum Investing in stocks is permitting if certain conditions are met, as outlined by Mufti Taqi Usmani and others. which are: 1. The main business […]

Conditions for Investment in Shares

Answered by Mufti Taqi Usmani Question: Conditions for Investment in Shares Answer: Taken from Conditions for Investment in Shares In the light of the forgoing discussion, dealing in equity shares can be acceptable in Shariah subject to the following conditions: 1. The main business of the company is not in violation of Shariah. Therefore, it […]