Investing in stocks is basically becoming a "part-owner" of a business. To keep it Halal, we look at two things: The Business: If the company makes money from gambling, alcohol, interest-based banking, or adult entertainment, it’s a NO. The Money: Even if they sell "clean" things like phones or cemeRead more
Investing in stocks is basically becoming a “part-owner” of a business. To keep it Halal, we look at two things:
The Business: If the company makes money from gambling, alcohol, interest-based banking, or adult entertainment, it’s a NO.
The Money: Even if they sell “clean” things like phones or cement, they can’t have too much interest-based debt (the limit is usually 33%).
Simple Tip: Download an app like Zoya or Musaffa. You just type the stock name, and it tells you “Halal” or “Not Halal” instantly!
Are Some Stocks Forbidden in Islam and How Can I Identify Halal Stocks to Invest In?
Investing in stocks is basically becoming a "part-owner" of a business. To keep it Halal, we look at two things: The Business: If the company makes money from gambling, alcohol, interest-based banking, or adult entertainment, it’s a NO. The Money: Even if they sell "clean" things like phones or cemeRead more
Investing in stocks is basically becoming a “part-owner” of a business. To keep it Halal, we look at two things:
The Business: If the company makes money from gambling, alcohol, interest-based banking, or adult entertainment, it’s a NO.
The Money: Even if they sell “clean” things like phones or cement, they can’t have too much interest-based debt (the limit is usually 33%).
Simple Tip: Download an app like Zoya or Musaffa. You just type the stock name, and it tells you “Halal” or “Not Halal” instantly!
See less