Why people are so scared of being poor? They are willing to go against Allah's and Prophet's warning and willing to accept minor interest. Give it as a charity if you have excessive cash...
Now that you say that charity is an investment best stock, I found that the money comes back to be and then some. I'm torn if I should invest or not into stocks. I was looking at jumia which Is African amazon but they sell alcohol and stuff
You are just avoiding challenges. You should strive for more while obeying allah rules instead of using the fear of riba as an excuse to feel comfortable with being poor
I strongly disagree with the speaker. Haram is clear and Halal is clear as well. Any percentage of Haram regardless how small, it is always considered haram. Don't let saytan and greed push you to do sth that you'll regret in the hereafter. There are other business you can do. God says: And whoever fears Allah - He will make for him a way out1 and provide for them from sources they could never imagine. And whoever puts their trust in Allah, then He ˹alone˺ is sufficient for them. Certainly Allah achieves His Will. Allah has already set a destiny for everything.
Thanks a lot for the useful video. But the point of 30% of Reba is actually huge and wouldn't be proper to invest in even 1% Reba company. Even if the number of companies will be very limited or even if it will become zero, deferent sources of income are many out there and Allah will reward a person with much better alternatives. That's my advice for everyone
Yeah like can you eat a burger made of 30% pork 70% Halal Cow beef and say ohh it’s only 30% pork it is okay to eat. No way right! It’s tained so not halal. Don’t need a scholar to tell me. It’s definitely gambling, you can’t possibly know 100% of the probability outcome of it if it fall the next day or rise its like dealing cards for money= gambling 🎰
No true believer would risk their income to be of haram. Even if the company has 0.1% of interest bearing loan, I strongly suggest you not to invest in such a company. The argument that all companies are dealing like this and Muslims are being left behind is completely baseless. No one said that a Muslim's source of income has to be from investing in stocks. If the alcohol market took over tech for example, its not a valid excuse to say that Muslims will be poor if they miss out on this opportunity. I'm not a sheikh or mufti or scholar or a person of much knowledge. But all I can say is, to have the blessings of Allah in my income, I wouldn't get into such companies. If you believe you're really good at investing, there are many 0 debt companies out there. Invest in them. Not apple which earns interest through its apple card, earns revenue from selling music. Dont buy tesla shares which sells tequila (alcohol). Even if the revenue from tequila sales is very small compared to car sales, you're still supporting the company for what they're doing. Don't think Islam is limiting you in how you earn money. Its only protecting you from fraud, bankruptcy and many other things.
Fair argument, but are you not participating in the business by buying their products? If you don't buy the products, they will have no business. I don't know any tech company (e.g. Google, Apple, HP, Samsung) which doesn't deal with banks. That means, the device you're using to write your comment, is also basically haram. The Coca cola you're drinking is haram. The chicken you're buying is labeled as halal, maybe it's processed with a machine that comes from a company dealing with banks, so the chicken is haram. The house you live in is made of bricks and cement, which maybe come from a company dealing with banks, so the house is haram. The cloth you're wearing, maybe the threads have come from a company dealing with banks, your clothes are haram.
@@RealMohammadEmran Basically you are not participating in the business by buying their products but when you become shareholder then you are participating. I buy just their services and products. These are differenet things you know.
@@RealMohammadEmran Actually, you should give some. Your argument is when you buy product you participate in the business. When you buy product or service you are just consumer. You cannot win, you cannot loose. When you give money you are one of the partner of the company.
@@selimyurtseven18 but why do I participate in a company's business, if I buy shares. Say only 1% is mine, could it not be that my 1% is of the halal part of the company? Moreover, as having shares, I can vote against haram activities. Am I now responsible pf their haram then? These are questions in the head of scholars... I am not saying it is good, just showing that there is much more depth into this question and we should not disrespect scholars
I left trading because there are many opinion, but I prefer leave because many said that is haram, and if a society is halal, I can't do intraday trading or short trading term, bc it's gambling so I prefer leave.
Halal means forbidden. "Tolerable level of haram debt is permissible” seems like an oxymoron. If this is actually true then what tolerable level of haram food, bribery, or adultry is permissible? This is what I believe is stretching the boundaries of religion for personal agenda. The other argument that if Muslims are only investing in zero debt companies then they only have access to a tiny market of investment is also not a good one. With food I can understand that Muslims should eat at halal places and if none are available then look for next best alternatives as it is a matter of survival. However, investments are not basic necessities of life and one can live without them rather than invest in haram things like riba/interest. You yourself mention that the 30% number is something the scholars have come up with without any religious backing. The one hadith provided is stretched to meet personal agenda. This is what is happening in Muslim world where personal interests and agendas are Halal-ing evils like honor killings, riba, and bribery. Lastly, about the 5% rule, if I work at a company for 40 hours a week and 38 of those hours are spent doing the assigned work that completely abide by the Islamic rules and company policies but the other 2 hours are spent sexually harassing other coworkers. Do you think my employer or anyone else would say “its fine, he is just using 5% of his time for forbidden activities” or that "he deserves the weekly pay for the full 40 hours"?. Even non-Muslims will disagree with it.
I was also not happy with the way 5% haram is permissible in life. If u dont know thats different. But if u know and u do it for the sake or money than isnt that the test for us? And we fail in we continue.
he mentioned that it was an ishtihad, true he did not give many details and the hadith mentioned about a "third" is about inheritance so I wonder how do they make the link but I guess it might be too long to explain in a short video like this and if someone is interested he should do more research and ask scholars. but ultimately they will always be fatwa and taqua so "ask your heart even if people give you fatwas" like the Prophet (SAW) said.
Thanks for this video brother. But how is investing in stocks with less than 33% loan different than trading forex? As in the forex as mentioned in your other video some sort of Riba is involved and same here upto 33% loan means upto 33% Riba involvement? So why one is allowed and other is not while both have some sort of Riba involved?
In forex, it's not so much the market it's self (as technically the forex market i.e. the foreign exchange market is vital to the world economy as a means for corporations to transact/hedge etc. on, with speculation/trading merely being a by product) as much as it is about the the instruments used to trade forex being haram. As retail investors, the only means we have are the instruments provided to us by the brokers out there. The only available instruments that seem to be available for us retail investors are: Spread betting (speaks for it's self), and CFD's, options, and futures. These last 3 are financial derivatives which are haram, as you aren't trading the *underlying* asset, but merely a *derivative* of the asset, whereby the opposite is a requirement in the sharia. It also implies the use of margin which is riba based, and allows for short selling which is also haram. The same instruments mentioned above used for stocks would also be haram, which is why we only deal in investing/buying shares, hence trading in the underlying asset/stock its self, whereas you wouldn't be doing so with derivatives. Just to touch on short selling a little more, as muslims we can only go long i.e. BUY (and sell what we've already bought), we cant short-sell, as much as you can go long a forex pair, you are still short selling the opposite currency eg. going long GBPUSD...you're buying Pounds and short-selling Dollars. I was involved in FX for years up until quite recently, so feel free to take it from me and it's why I know what I know and why I'm firm in my conviction. May Allah guide us to steer clear from that which could sabotage our akhira
@@ER-mr1sz Thanks for the answer, however, my question is not whether forex is haram based on short selling or cfd trading, my question is as per the video, the argument is involvement of Riba and why he mentioned that upto 33% of Riba stocks are halal/allowed on the otherhand the forex is not allowed because it involves Riba. In myunderstanding Riba is altogether haram be it 1 % or 33%? or is there some other rule which I dont know?
@@jassimabdulwahed5261 Thanks for your response, I think you need to revisit the video, we are talking about stock markets, investments and financial instruments, this is not a standard loan, and I havent come across a listed company in stock exchange, which can borrow money Riba free, what you need to do is think about this in the current setting/todays era and think is it really possible to borrow money Riba free?? and also in the video it does have reference to borrowed money (with Riba), if the borrowed money is riba free then there is no question of loan amount being 33% or less as there wont be any Riba! Hope you understand. This is a complex issue and needs careful consideration and throughout answers
One not really true, 99% is a false number. Almost nothing is 99% second look at subway for example what there is done through interest? Consumer buys food in no way through interest.
There is a percentage of the business could be financed through a loan. However, I think of it like this way (not a fatwa I am not knowledgeable enough). We currently keep all our money in a bank meaning all of our money will be used by the bank to loan out to corporations or other forms of loan then earn interest on our cash. Isn’t it better than to keep our money in stocks/equities in companies who’s major business is halal and only a small portion deals with a loan ?
There's NO WAY 5% Haram can ever be halal (subhan Allah). If that logic made sense then someone could argue that commiting only 5% adultery in ones life time is ok since it's a primary need and there's so much of it in society anyway. Haram is Haram and this advise is only adding to our people's confusion and the consumption of Haram earnings. Share investing is not the only way to have safe investments, you can buy land or property with your savings (which can appreciate in value), you can invest a little of your money into a small business venture (like a juice and ice cream cart) which help you earn a good clean income not to mention being your own boss. Hamdululah there's plenty of halal options, why earn Haram and risk your aqirah ?
Ibn al-Qayyim (may Allaah have mercy on him) said: If someone else gives him a haraam payment and he accepts it, such as a prostitute, singer, wine seller, one who bears false witness and the like, then he repents and that payment is in his possession, then according to one group (of scholars) he must return it to its owner, because it belongs to him and he did not take it with the permission of the Lawgiver and the one who gave it did not get any permissible benefit in exchange for it. Another group said that his repentance means that he must give it in CHARITY, and not give it to the one from whom he took it. This is the view favoured by Shaykh al-Islam Ibn Taymiyah and it is the more correct of the two views. End quote from Madaarij al-Saalikeen (1/389) islamqa.info/en/answers/78289/how-to-dispose-of-haraam-wealth-after-repenting
Lots of beers are 5% alcohol, does that mean someone can be Muslim and drink 1 beer a day? I'm not Muslim and I don't really care one way or another what people decide to do, but I'm not really sure how that makes sense. I could understand if it was a rounding error (like 0.1%) but 5% is still a decent amount
Hello. I'm actually looking for a good trader that can help me trade and make good profit, I've been seeing so many recommendations but i don't think they're trusted. Please do you have any recommendation?
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that stock is one of the profitable money exchange services that elevates investors and their financial status.
Allah also tells believers in Quran to avoid doubtful matters I would invest only in zero debt companies that are not dealing in any percent of haraam income. Not 5% , not 1%.
@Galib Chowdhury if your company is investing into haraam things or generating revenues thru haraam sources like bank interest, then yes it would not be permissible to invest in such stocks Also everyone does it so I can also do ii,. Doesnt work in Islam brother. .
Thank you my brother, you have educated me on means that will help me more than what you think, but I have a question; is there is a time limit for stocks, like can I buy stocks for a year then sell it?
Can you stop mixing haram with Halal, If something has haram even 0.001% is considered as haram. It’s common sense. Something that is mixed with haram it’s becomes haram, no matter of the mixing percentages.
Do u have any information about sharing economy? Is that halal or haram? It's booming now-a-days...but I am not getting that if I invest 300 rupees....then how that company will give us 15 rupees each day?🙄
Muslim don’t have any ideas about haram and halal because we don’t have proper monitoring system we just listen those alim who doesn’t know about Muslims nation , so how the share market is halal because every where is haram involvement, like you make money through UA-cam videos, but you make some videos against of Islam and there many thing against of Islam this money are making is haram or halal
Can you please do videos on apps are halal for investment. For example, I have been using Acorn for almost 5 years now. And I want to know if it is halal or not. I know that it rounds up changes and that's about it. I did try doing research on it. But it is hard when you don't know what you looking for. Please do video on Acorn, Fundraise, Robinhood and so on.
4:30 this feels like strange advice. If we should stay away from haram debt companies shouldn't it be all it nothing right? I'll need to look into it, it makes me a bit uneasy. Very nice video for someone starting out
Yes you should. The threshold for haraam income has been taken from hadith's taken out of context. Otherwise, if this is allowed, then why can't I drink a cocktail with 33% alcohol and 67% coke or orange juice.
If company has interest bearing loan..even if 20%...da profit u r sharing in wd da company wud be halal..as we know from hadees..it is supporting Riba..2ndly its not enough for comp. To do halal items..there r many activities that r against islamic principles e.g cococola nd other jiants promotes vulgarity nudeness through advertisemnts...3rd) if u say its sleeping partnership(though i hav a point against sleeping partnership too) u hav no control over any activity of da company unlike sl.patnership.
Check the company 1. Halal commodities or service it provides alcohol pork sex etc 2. Halal business practices/ labor, environmental, etc 3. Debt 4. Ownership of products n services- not 2nd 3rd party - not a shell company 5.
in my opinion, all stocks and shares are indeed are haram as the wheel spins and your eager to lash your hard cash then you are headless chicken even a trickle drop of this profits is indeed a haram unless its 100% halal then regard it as a haram otherwise
Stocks/shares are haram. I would buy land/properties/gold as assets not blindly give my money to a trader/broker to do what they want because I personally want to ensure my money is being used in 100% halal way, not this 5% rule. Haram is haram. No excuse in this fast paced world with everything available.
Thank you for your video. There is 1 more issue that is not addressed in the video and strangely I still have to come across 1 scholar who discuss this topic and that’s the topic of the stock price/earnings correlation I might be wrong in this and I would like to hear your opinion on this but in Islam according to my knowledge when you invest, you need to be partners with the company in loss and profit. What this means is, the stock value should be based on the earnings of the company. But how the stock system is now, the stock price is not directly correlated with the earnings, the price of the stock goes up just by speculation of the buyers/seller. Technically, the company can lose billions in revenue and the price of the stock can go up and vice versa What’s your opinion on this?
Assalamualaikum , Sir can you tell me any halal alternative of futures and options or any halal trading in any market which have high risk and make up to 5%-10% per day , Plz reply sir🙏
U shouldn't invest in single stocks at all it highly risky to throw ur money in some single stocks. Not well diversified. I'm Muslim and I'm invested in index funds. Vanguard index funds. Great video on halal inventing by the way
Muhammad Qasim has seen Prophet Muhammad SAW over 300 times in his dreams and describes that our Prophet SAW is in grief and sadness over the state of the Muslim ummah. Muslim ummah must wake up and understand the message of these dreams.
Please make a video about leverage trading in crypto and try to make clear that the price we pay on the debt that we take from the exchange is either interest or just a fee for taking that benefit from the exchange, and also some pleople believe taking long positions is halal but taking short positions is not halal. Please clarify these doubts in a short video, thankyou.
I still don’t get the part we’re debt ratio might be a problem , beside the formula is an average of 36 month. I did enjoyed the video, thank you brother. I strongly disagree when you mentioned it’s ok to invest in a stock that has a top rate 5% of haram activities (pork, Alcoholic drinks....etc, I don’t find it right at all. May Allah guide us to the right path .
Islamic Finance Guru it should be debt current ratio specialize in cash loans with interest , your answer seems arrogant filled with ignorance. Beside that who would listen to scholars that accepts 5% pork, wine & banking stock... go educate yourself because one day you will stand front of alläh & the punishment will be massive on you.. mr. Islamic finance guru ! It’s never about the majority, it’s about right & wrong... May Allah show the حق
@@saadhussein5776 I didn't mean to offend. I appreciate that a minority of scholars hold the position that no stocks and shares with any haram earnings at all are permissible. I am also not saying that majority is always right. But I am saying that this is our humble view and the view of the majority of scholars. You might disagree with us but grateful if you could stay away from doubting our intentions - iA Allah keep them pure!
Islamic Finance Guru as a CPA , CMA & Islamic accountant advisor I believe & respect what comes from them, but that doesn’t mean I should except it all.. I fully disagree with 5% .. HARAM IS HARAM , it should be 0 % , good luck
@@IFGuru Bro be clear, the only scholars on your side are the "scholars" within the Islamic finance industry making money from the industry (i.e. on the payroll). Step outside of the industry and the majority of scholars will tell you its all nonsense.
Ibrahim, I'm having trouble distinguishing which one is ribaa and which one is not. This happened when I found out that Syaria' Banks in my country aren't actually according Islamic Syaria' Laws and still contains hidden ribaa, a friend of mine, who's also wife of a Head of Branch in a banking company, said this to me. This terrified me and made me pessimist in terms of investing especially in stocks, ETCs, ETFs, everything (except Gold and Face-to-face investments). Ribaa is now hiding behind the curtains of "Syaria'" and is trying to fool Muslims. We all need to be careful. Do you have any advice in terms of distinguishing halal and haram investments?
Baseless steps. You can't create your own rule just because you want to invest. Haram is haram, it doesn't become halal just because muslims need to participate.
Sir should we buy bank shares ? First time on your impressed by thumbnail .. As what I have read.. In case of Murabaha, the bank sells an asset and charges profit which is a trade activity declared halal (valid) in the Islamic Shariah. Whereas giving loan and charging interest thereupon is pure interest-based transaction declared haram (prohibited) by Islamic Shariah. Is it permissible to buy ? From India. Please clear my doubt
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Assalamualaikum, I am looking for proper backing of hadeeth for 33% debt and 5% haram being fine from long time and I got no solid reference. Apart from hadeeth of inheritance I did not get anything. Please guide me if you found any reference.
I read some of the comments below, and some of them have very good points. I think the better idea is to invest in companies you feel are safer. as he said, do your own research, check top to bottom. Maybe invest in a company that is financed by an Islamic bank. Even non-muslim investors would prefer to check the current ratio of a company. Another thing is to know the CEO, if you worry non-muslim CEOs will engage in haram activities with your share, then find a more trustworthy CEO, maybe you'd prefer a Muslim but even that can have secrets. Besides, an honest CEO who follows the rules will always be good for you, even better if that CEO abides by the Muslim rules. Because whatever that is halal it is good in it, and whatever that is haram there is bad in it. As we all know, the people who do those haram things are the least trustworthy. It's better to have that share that is halal, than haram because there is potential calamity in the future both in Duniya and the akhirah.
I have a question on step 3. When it is clearly mentioned in the quran that God tells us to give up trading in riba if one truly believe in him, but if we don’t then we are told to“take notice of war from Allah and His Messenger.” (2:278-279). The companies don't get interest free debt. If a person is a shareholder in a company that has debt involved then he is actually playing a part in paying interest on behalf of the company as shareholders are owner of the company. I would like to know the concept behind 33% rule?
Bro the 33% rule is taken from a Hadith where RasoolAllah (sws) essentially allowed a companion to give 33% of his wealth to charity after his death. The companion wanted to give 100% but RasoolAllah kept saying it’s better if he leaves his wealth for his family. Eventually the percentage came down to 33%. So, the scholars in Islamic finance use this to justify 33% of “haraam” in a number of different contexts including stock trading. You don’t have to be a genius to see that this Hadith has absolutely nothing to do with buying shares in companies with debt. Best to stay away from it. The IFG guys have to peddle the Islamic finance narrative - that’s what their business is based on. They’re conflicted.
Assalaamu alaykum Islamic Finance Guru! Could you make a video about whether daytrading is halal or haram in depth? And is Zoya useable enough to screen whether a company is halal or haram for trade beginners?
Stock Market is Haram. Any stocks that you cannot touch is Haram, and online stocks are cannot be touch by anyone therefore it’s Haram..stocks online is not real stocks simply because you cannot touch it..
Very weak arguments. It's not a necessity to buy stocks, but riba is clearly forbidden as well as a lot of other things companies generally deal with. Saying that it's still allowed to invest in these companies, because otherwise it would be too hard to find any, is very dangerous. Even food and drinks are prohibited if they have only a small amount of khamr in it according to clear proof from the ahadith. So comes someone holds earning money from clear haram, even if only 5 %, as halal? I seek refuge in Allah from compromising my deen for the sake of any wordly benefit.
Salaam JazaakAllah Khair for the video Would it not also be required to find the amount of income that the company has received through haram means Then deduct that amount from the profit you have received from the stock and give it in charity
@@IFGuru won't this then make it very difficult for the average Muslim to invest in individual stocks. Is there some sort of ball park figure that you could give in charity? Or would it be better to not invest in individual stocks in the first place considering it can be hard to find the data? JazaakAllah Khair for your help
It is not so simple. Muslims nowadays call stocks halal so easily. I disagree with you. Any amount of interest is haram, and no amount of sugarcoating will make it halal. And what basis does this 5% interest have from the deen? Secondly, most companies that deal with halal things like software, eventually have banks as their biggest customers who are dependent on these software companies, which makes them haram too.
@@rafshad2264 I left stock market, after figuring out how stocks work and how to make money just because of the question you are asking me. It’s really difficult to find out which company doesn’t deal in interest and is 100% halal. I simply left the market to save my hereafter. I am ready to join again if someone can convince me that all the so called “halal stocks” are surely halal.
I believe that every Muslim should work trade or service related business either at small, medium, or large level free from every haram element in order to seek happiness of ALLAH instead of investing in such companies.
Its made up bro because if it was 0% then you'd be lucky if you found a single company worthy of investment that has 0%. However, brokers who want to cash in from Muslims have paid scholars a lot of money to grant some leeway. Money talks as they say.
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Why people are so scared of being poor? They are willing to go against Allah's and Prophet's warning and willing to accept minor interest. Give it as a charity if you have excessive cash...
Ma sha Allah
Words of wisdom.
Now that you say that charity is an investment best stock, I found that the money comes back to be and then some. I'm torn if I should invest or not into stocks. I was looking at jumia which Is African amazon but they sell alcohol and stuff
You are just avoiding challenges. You should strive for more while obeying allah rules instead of using the fear of riba as an excuse to feel comfortable with being poor
How do you manage interest from your bank?
May Allah swt bless your business and grow it, Ameen!
im 14 and i want to invest and start a business May Allah make it happen succesfully for me and all of us Ameen☝️💯❤💙🌹😁
Aameen
U mean amin
I would love to introduce you to forex trade options, it's a really lucrative way of earning consistent income weekly,,
The only stock I know is, chicken stock
I strongly disagree with the speaker. Haram is clear and Halal is clear as well. Any percentage of Haram regardless how small, it is always considered haram. Don't let saytan and greed push you to do sth that you'll regret in the hereafter. There are other business you can do. God says:
And whoever fears Allah - He will make for him a way out1 and provide for them from sources they could never imagine. And whoever puts their trust in Allah, then He ˹alone˺ is sufficient for them. Certainly Allah achieves His Will. Allah has already set a destiny for everything.
paper currency is haram actually. dont use it from tomorrow :)
I agree with you.
@@DayDreamer1230-n1i What?????😢
@@DayDreamer1230-n1i explain
Right said, mixture of haram makes it total haraam.
Thanks a lot for the useful video. But the point of 30% of Reba is actually huge and wouldn't be proper to invest in even 1% Reba company. Even if the number of companies will be very limited or even if it will become zero, deferent sources of income are many out there and Allah will reward a person with much better alternatives. That's my advice for everyone
Yeah like can you eat a burger made of 30% pork 70% Halal Cow beef and say ohh it’s only 30% pork it is okay to eat. No way right! It’s tained so not halal. Don’t need a scholar to tell me.
It’s definitely gambling, you can’t possibly know 100% of the probability outcome of it if it fall the next day or rise its like dealing cards for money= gambling 🎰
Agreed brother
I agree with you
No true believer would risk their income to be of haram. Even if the company has 0.1% of interest bearing loan, I strongly suggest you not to invest in such a company. The argument that all companies are dealing like this and Muslims are being left behind is completely baseless. No one said that a Muslim's source of income has to be from investing in stocks. If the alcohol market took over tech for example, its not a valid excuse to say that Muslims will be poor if they miss out on this opportunity. I'm not a sheikh or mufti or scholar or a person of much knowledge. But all I can say is, to have the blessings of Allah in my income, I wouldn't get into such companies.
If you believe you're really good at investing, there are many 0 debt companies out there. Invest in them. Not apple which earns interest through its apple card, earns revenue from selling music. Dont buy tesla shares which sells tequila (alcohol). Even if the revenue from tequila sales is very small compared to car sales, you're still supporting the company for what they're doing.
Don't think Islam is limiting you in how you earn money. Its only protecting you from fraud, bankruptcy and many other things.
Fair argument, but are you not participating in the business by buying their products? If you don't buy the products, they will have no business. I don't know any tech company (e.g. Google, Apple, HP, Samsung) which doesn't deal with banks. That means, the device you're using to write your comment, is also basically haram. The Coca cola you're drinking is haram. The chicken you're buying is labeled as halal, maybe it's processed with a machine that comes from a company dealing with banks, so the chicken is haram. The house you live in is made of bricks and cement, which maybe come from a company dealing with banks, so the house is haram. The cloth you're wearing, maybe the threads have come from a company dealing with banks, your clothes are haram.
@@RealMohammadEmran Basically you are not participating in the business by buying their products but when you become shareholder then you are participating. I buy just their services and products. These are differenet things you know.
@@selimyurtseven18 Okay, could you please provide a base/source of your statement?
@@RealMohammadEmran Actually, you should give some. Your argument is when you buy product you participate in the business.
When you buy product or service you are just consumer. You cannot win, you cannot loose.
When you give money you are one of the partner of the company.
@@selimyurtseven18 but why do I participate in a company's business, if I buy shares. Say only 1% is mine, could it not be that my 1% is of the halal part of the company? Moreover, as having shares, I can vote against haram activities. Am I now responsible pf their haram then? These are questions in the head of scholars...
I am not saying it is good, just showing that there is much more depth into this question and we should not disrespect scholars
how does a little involvement of haram, makes it halal? I don't understand that logic. It seems to me so risky
@@azambaig Aameen brother
@@azambaig there's no 100% halal in this world. Thats why we zakat or infaq
I left trading because there are many opinion, but I prefer leave because many said that is haram, and if a society is halal, I can't do intraday trading or short trading term, bc it's gambling so I prefer leave.
@@youtuber9668 but many mufti blog tells tht trading with halal stock can be allowed
@@모하메드샴슈딘 yeah, but I don't know, bc they say it's permissible if you want to do long-term trading.
But there are night commissions with Riba
Check the hadith of Noman bin bashir : Haram is clear, halal is clear, and there are some doubtfull matters..... ....(Check full)
Halal means forbidden. "Tolerable level of haram debt is permissible” seems like an oxymoron. If this is actually true then what tolerable level of haram food, bribery, or adultry is permissible? This is what I believe is stretching the boundaries of religion for personal agenda.
The other argument that if Muslims are only investing in zero debt companies then they only have access to a tiny market of investment is also not a good one. With food I can understand that Muslims should eat at halal places and if none are available then look for next best alternatives as it is a matter of survival. However, investments are not basic necessities of life and one can live without them rather than invest in haram things like riba/interest.
You yourself mention that the 30% number is something the scholars have come up with without any religious backing. The one hadith provided is stretched to meet personal agenda. This is what is happening in Muslim world where personal interests and agendas are Halal-ing evils like honor killings, riba, and bribery.
Lastly, about the 5% rule, if I work at a company for 40 hours a week and 38 of those hours are spent doing the assigned work that completely abide by the Islamic rules and company policies but the other 2 hours are spent sexually harassing other coworkers. Do you think my employer or anyone else would say “its fine, he is just using 5% of his time for forbidden activities” or that "he deserves the weekly pay for the full 40 hours"?. Even non-Muslims will disagree with it.
Yes I agree with you well said
Good points.
I was also not happy with the way 5% haram is permissible in life. If u dont know thats different. But if u know and u do it for the sake or money than isnt that the test for us? And we fail in we continue.
That what I was thinking.
he mentioned that it was an ishtihad, true he did not give many details and the hadith mentioned about a "third" is about inheritance so I wonder how do they make the link but I guess it might be too long to explain in a short video like this and if someone is interested he should do more research and ask scholars. but ultimately they will always be fatwa and taqua so "ask your heart even if people give you fatwas" like the Prophet (SAW) said.
I love your initiative! Hope you guys go a long way, InshaAllah.
Thanks for this video brother. But how is investing in stocks with less than 33% loan different than trading forex? As in the forex as mentioned in your other video some sort of Riba is involved and same here upto 33% loan means upto 33% Riba involvement?
So why one is allowed and other is not while both have some sort of Riba involved?
In forex, it's not so much the market it's self (as technically the forex market i.e. the foreign exchange market is vital to the world economy as a means for corporations to transact/hedge etc. on, with speculation/trading merely being a by product) as much as it is about the the instruments used to trade forex being haram. As retail investors, the only means we have are the instruments provided to us by the brokers out there. The only available instruments that seem to be available for us retail investors are: Spread betting (speaks for it's self), and CFD's, options, and futures. These last 3 are financial derivatives which are haram, as you aren't trading the *underlying* asset, but merely a *derivative* of the asset, whereby the opposite is a requirement in the sharia. It also implies the use of margin which is riba based, and allows for short selling which is also haram. The same instruments mentioned above used for stocks would also be haram, which is why we only deal in investing/buying shares, hence trading in the underlying asset/stock its self, whereas you wouldn't be doing so with derivatives. Just to touch on short selling a little more, as muslims we can only go long i.e. BUY (and sell what we've already bought), we cant short-sell, as much as you can go long a forex pair, you are still short selling the opposite currency eg. going long GBPUSD...you're buying Pounds and short-selling Dollars. I was involved in FX for years up until quite recently, so feel free to take it from me and it's why I know what I know and why I'm firm in my conviction. May Allah guide us to steer clear from that which could sabotage our akhira
@@ER-mr1sz Thanks for the answer, however, my question is not whether forex is haram based on short selling or cfd trading, my question is as per the video, the argument is involvement of Riba and why he mentioned that upto 33% of Riba stocks are halal/allowed on the otherhand the forex is not allowed because it involves Riba. In myunderstanding Riba is altogether haram be it 1 % or 33%? or is there some other rule which I dont know?
Good point. He is throwing bombs 💣 😆
@@IrfanNShaikh I thought when he meant by loan is that it's just pure loan not riba based
@@jassimabdulwahed5261 Thanks for your response, I think you need to revisit the video, we are talking about stock markets, investments and financial instruments, this is not a standard loan, and I havent come across a listed company in stock exchange, which can borrow money Riba free, what you need to do is think about this in the current setting/todays era and think is it really possible to borrow money Riba free?? and also in the video it does have reference to borrowed money (with Riba), if the borrowed money is riba free then there is no question of loan amount being 33% or less as there wont be any Riba! Hope you understand. This is a complex issue and needs careful consideration and throughout answers
May Allah give your business and your family blessings abduntly, make more videos like this 👍🏼❤️🇮🇳 Goa
It’s too risky for me as Muslim. All these companies are too involved in Ri’ba
I’m not going to declare war against Allah and his prophet
Thanks for watching
To start Forex investing and trading and also making good profits message my Expert Trader and Financial Analyst.
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*EmilyCatherineTrading*
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most of the company start thiere business from loan... as we buy a part of share we are either giving interest or taking it.
The problem with stocks is that 99% of them finance their activities through ribaa
One not really true, 99% is a false number. Almost nothing is 99% second look at subway for example what there is done through interest? Consumer buys food in no way through interest.
@@Ajaber1801 It's not that simple, subway probably has loans that it pays interest on.
There is a percentage of the business could be financed through a loan. However, I think of it like this way (not a fatwa I am not knowledgeable enough). We currently keep all our money in a bank meaning all of our money will be used by the bank to loan out to corporations or other forms of loan then earn interest on our cash. Isn’t it better than to keep our money in stocks/equities in companies who’s major business is halal and only a small portion deals with a loan ?
@All Good but if theyre saying its rent based then the Sin is on them that they lied to us , not us right
The entire world's economy is pure interest
There's NO WAY 5% Haram can ever be halal (subhan Allah). If that logic made sense then someone could argue that commiting only 5% adultery in ones life time is ok since it's a primary need and there's so much of it in society anyway.
Haram is Haram and this advise is only adding to our people's confusion and the consumption of Haram earnings.
Share investing is not the only way to have safe investments, you can buy land or property with your savings (which can appreciate in value), you can invest a little of your money into a small business venture (like a juice and ice cream cart) which help you earn a good clean income not to mention being your own boss.
Hamdululah there's plenty of halal options, why earn Haram and risk your aqirah ?
Well said brother
seriously?? 5% haram allowed? So what is like if a drinks has 5% alcohol its halal? Based on what Islamic scholars are getting this exact numbers?
You can give that 5% to charity.
@@izz5053 i don’t think it’s allowed to spend haram money on charity
Ibn al-Qayyim (may Allaah have mercy on him) said: If someone else gives him a haraam payment and he accepts it, such as a prostitute, singer, wine seller, one who bears false witness and the like, then he repents and that payment is in his possession, then according to one group (of scholars) he must return it to its owner, because it belongs to him and he did not take it with the permission of the Lawgiver and the one who gave it did not get any permissible benefit in exchange for it. Another group said that his repentance means that he must give it in CHARITY, and not give it to the one from whom he took it. This is the view favoured by Shaykh al-Islam Ibn Taymiyah and it is the more correct of the two views. End quote from Madaarij al-Saalikeen (1/389)
islamqa.info/en/answers/78289/how-to-dispose-of-haraam-wealth-after-repenting
@@izz5053 jazak 🤝
Lots of beers are 5% alcohol, does that mean someone can be Muslim and drink 1 beer a day?
I'm not Muslim and I don't really care one way or another what people decide to do, but I'm not really sure how that makes sense.
I could understand if it was a rounding error (like 0.1%) but 5% is still a decent amount
Hello. I'm actually looking for a good trader that can help me trade and make good profit, I've been seeing so many recommendations but i don't think they're trusted. Please do you have any recommendation?
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that stock is one of the profitable money exchange services that elevates investors and their financial status.
I have been seeing so many recommendations about miriam klein , her strategy must be good for people to talk about her
I did invest with her and I made huge profits
consistency is key, I've been investing with her for months now and I've made alot of profit from her.
I just withdraw my profit last two days before now. am glad i did invest with them still reinvested and the trade is ongoing
4:29 pretty self explainetory, is like bending the rules whenever you're willing to
Allah also tells believers in Quran to avoid doubtful matters
I would invest only in zero debt companies that are not dealing in any percent of haraam income. Not 5% , not 1%.
@Galib Chowdhury if your company is investing into haraam things or generating revenues thru haraam sources like bank interest, then yes it would not be permissible to invest in such stocks
Also everyone does it so I can also do ii,. Doesnt work in Islam brother.
.
@Galib Chowdhury buy and sell anything brother.
Just don't go beyond the rules laid by Allah.
And in sha Allah, you'll see the blessings.
Thank you my brother, you have educated me on means that will help me more than what you think, but I have a question; is there is a time limit for stocks, like can I buy stocks for a year then sell it?
Can you stop mixing haram with Halal,
If something has haram even 0.001% is considered as haram.
It’s common sense.
Something that is mixed with haram it’s becomes haram, no matter of the mixing percentages.
Do u have any information about sharing economy?
Is that halal or haram?
It's booming now-a-days...but I am not getting that if I invest 300 rupees....then how that company will give us 15 rupees each day?🙄
Muslim don’t have any ideas about haram and halal because we don’t have proper monitoring system we just listen those alim who doesn’t know about Muslims nation , so how the share market is halal because every where is haram involvement, like you make money through UA-cam videos, but you make some videos against of Islam and there many thing against of Islam this money are making is haram or halal
True, everything that involves haram is haram(no matter the percentages) the only exception is if it risks your survival
well said brother...MashaAllah
Can you please do videos on apps are halal for investment. For example, I have been using Acorn for almost 5 years now. And I want to know if it is halal or not. I know that it rounds up changes and that's about it. I did try doing research on it. But it is hard when you don't know what you looking for. Please do video on Acorn, Fundraise, Robinhood and so on.
4:30 this feels like strange advice. If we should stay away from haram debt companies shouldn't it be all it nothing right? I'll need to look into it, it makes me a bit uneasy.
Very nice video for someone starting out
Yes you should. The threshold for haraam income has been taken from hadith's taken out of context. Otherwise, if this is allowed, then why can't I drink a cocktail with 33% alcohol and 67% coke or orange juice.
If company has interest bearing loan..even if 20%...da profit u r sharing in wd da company wud be halal..as we know from hadees..it is supporting Riba..2ndly its not enough for comp. To do halal items..there r many activities that r against islamic principles e.g cococola nd other jiants promotes vulgarity nudeness through advertisemnts...3rd) if u say its sleeping partnership(though i hav a point against sleeping partnership too) u hav no control over any activity of da company unlike sl.patnership.
Check the company
1. Halal commodities or service it provides alcohol pork sex etc
2. Halal business practices/ labor, environmental, etc
3. Debt
4. Ownership of products n services- not 2nd 3rd party - not a shell company
5.
in my opinion, all stocks and shares are indeed are haram as the wheel spins and your eager to lash your hard cash then you are headless chicken even a trickle drop of this profits is indeed a haram unless its 100% halal then regard it as a haram otherwise
Check this one out as well. ua-cam.com/channels/grsr-hW1F7UmH320z3q-1Q.html
Stocks/shares are haram. I would buy land/properties/gold as assets not blindly give my money to a trader/broker to do what they want because I personally want to ensure my money is being used in 100% halal way, not this 5% rule.
Haram is haram. No excuse in this fast paced world with everything available.
Investing in key stocks could change everything, just few people have been able to double a thousand dollar
Investment is halal but you have to select the stocks with halal condition
And that is the kind of impossible part. You have to find a company with zero debt and zero dealings in haram things
جزاك الله خيرا يا اخي
This is the question that every Muslim has in mind. Thanks for making video.
Please make on crypto as well.
Ya even upon forsage
same
Assalamu alaikom are you talking about trading in stocks or invest in large scale ?
Thank you for your video. There is 1 more issue that is not addressed in the video and strangely I still have to come across 1 scholar who discuss this topic and that’s the topic of the stock price/earnings correlation
I might be wrong in this and I would like to hear your opinion on this but in Islam according to my knowledge when you invest, you need to be partners with the company in loss and profit. What this means is, the stock value should be based on the earnings of the company.
But how the stock system is now, the stock price is not directly correlated with the earnings, the price of the stock goes up just by speculation of the buyers/seller. Technically, the company can lose billions in revenue and the price of the stock can go up and vice versa
What’s your opinion on this?
Valid point.
Assalamualaikum ,
Sir can you tell me any halal alternative of futures and options or any halal trading in any market which have high risk and make up to 5%-10% per day ,
Plz reply sir🙏
U shouldn't invest in single stocks at all it highly risky to throw ur money in some single stocks. Not well diversified. I'm Muslim and I'm invested in index funds. Vanguard index funds. Great video on halal inventing by the way
Muhammad Qasim has seen Prophet Muhammad SAW over 300 times in his dreams and describes that our Prophet SAW is in grief and sadness over the state of the Muslim ummah. Muslim ummah must wake up and understand the message of these dreams.
Thanks for the knowledge👍
Are there any index funds we can invest in rather than single companies?
Do we know which scholars adopted the 5% rule?
Hi Team, I have a doubt regarding working with a financial services company. Please let me know how to reach out and discuss it in detail.
Could I invest in the FTSE all share through something like Vanguard?
Thank you for this video
Please make a video about leverage trading in crypto and try to make clear that the price we pay on the debt that we take from the exchange is either interest or just a fee for taking that benefit from the exchange, and also some pleople believe taking long positions is halal but taking short positions is not halal. Please clarify these doubts in a short video, thankyou.
Great vid thank you for all ur effort and time 😊
Thank you so much
I still don’t get the part we’re debt ratio might be a problem , beside the formula is an average of 36 month. I did enjoyed the video, thank you brother. I strongly disagree when you mentioned it’s ok to invest in a stock that has a top rate 5% of haram activities (pork, Alcoholic drinks....etc, I don’t find it right at all. May Allah guide us to the right path .
Fair enough. Wiser scholars than you or I are on both sides of this debate. Majority are on my side.
Islamic Finance Guru it should be debt current ratio specialize in cash loans with interest , your answer seems arrogant filled with ignorance. Beside that who would listen to scholars that accepts 5% pork, wine & banking stock... go educate yourself because one day you will stand front of alläh & the punishment will be massive on you.. mr. Islamic finance guru ! It’s never about the majority, it’s about right & wrong... May Allah show the حق
@@saadhussein5776 I didn't mean to offend. I appreciate that a minority of scholars hold the position that no stocks and shares with any haram earnings at all are permissible. I am also not saying that majority is always right. But I am saying that this is our humble view and the view of the majority of scholars.
You might disagree with us but grateful if you could stay away from doubting our intentions - iA Allah keep them pure!
Islamic Finance Guru as a CPA , CMA & Islamic accountant advisor I believe & respect what comes from them, but that doesn’t mean I should except it all.. I fully disagree with 5% .. HARAM IS HARAM , it should be 0 % , good luck
@@IFGuru Bro be clear, the only scholars on your side are the "scholars" within the Islamic finance industry making money from the industry (i.e. on the payroll). Step outside of the industry and the majority of scholars will tell you its all nonsense.
Could anybody clarify the name of the Scholar(s) the brother mentioned at 5:10 ?
Aww I am Mohammed from Ethiopia your video is educational appreciate you and I want to be stock broker in Ethiopia is that permisseble?
Ibrahim, I'm having trouble distinguishing which one is ribaa and which one is not. This happened when I found out that Syaria' Banks in my country aren't actually according Islamic Syaria' Laws and still contains hidden ribaa, a friend of mine, who's also wife of a Head of Branch in a banking company, said this to me. This terrified me and made me pessimist in terms of investing especially in stocks, ETCs, ETFs, everything (except Gold and Face-to-face investments). Ribaa is now hiding behind the curtains of "Syaria'" and is trying to fool Muslims. We all need to be careful. Do you have any advice in terms of distinguishing halal and haram investments?
Check this one out as well. ua-cam.com/channels/grsr-hW1F7UmH320z3q-1Q.html
Baseless steps. You can't create your own rule just because you want to invest. Haram is haram, it doesn't become halal just because muslims need to participate.
Assalamu alaikum
Is leverage in FX free swap account permissable ?
mashallah brother thank you soo much for this , assalamlekum.
Thanks and welcome
Is there any Islamic way to hedge the portfolio-stock market?
Appreciated brother for the details, this will iA clear many ambiguities from the regular Muslim investors.
AOA. Please tell me whether day trading halal?
Salam Brother what about VOOG Stock is it Halal ?
Would it be halal to invest in a company like TransferWise (now Wise)?
Salaam thank you for your vids very very beneficial ☝️✌✌
Sir should we buy bank shares ?
First time on your impressed by thumbnail ..
As what I have read..
In case of Murabaha, the bank sells an asset and charges profit which is a trade activity declared halal (valid) in the Islamic Shariah. Whereas giving loan and charging interest thereupon is pure interest-based transaction declared haram (prohibited) by Islamic Shariah.
Is it permissible to buy ? From India. Please clear my doubt
how about shot time ? Is halal or haram ?
Investment means longterm, but forex can do both, short and longterm
which scholars say it is allowed to invest in companies with less than 33% debt?
It's actually a fatwa from Malaysia Shariah Council & it is generally agreed worldwide (correct me if I'm wrong)
The below mentioned are the shariah screening criterions which have been used in Pakistan verified and Ordered by our Mufti Azam Pakistan, Mufti Taqi Usmani
@@BabarKhan-ev8gf
mentioned where?
Assalamualaikum, I am looking for proper backing of hadeeth for 33% debt and 5% haram being fine from long time and I got no solid reference. Apart from hadeeth of inheritance I did not get anything. Please guide me if you found any reference.
@@adex__8073
Me too, I could not find a reliable evidence.
Salaam, I checked Nvidia shares debt to equity and it is above 33%. But it says it is halal to invest? How is that possible.
I read some of the comments below, and some of them have very good points. I think the better idea is to invest in companies you feel are safer. as he said, do your own research, check top to bottom. Maybe invest in a company that is financed by an Islamic bank. Even non-muslim investors would prefer to check the current ratio of a company. Another thing is to know the CEO, if you worry non-muslim CEOs will engage in haram activities with your share, then find a more trustworthy CEO, maybe you'd prefer a Muslim but even that can have secrets.
Besides, an honest CEO who follows the rules will always be good for you, even better if that CEO abides by the Muslim rules. Because whatever that is halal it is good in it, and whatever that is haram there is bad in it. As we all know, the people who do those haram things are the least trustworthy. It's better to have that share that is halal, than haram because there is potential calamity in the future both in Duniya and the akhirah.
I have a question on step 3. When it is clearly mentioned in the quran that God tells us to give up trading in riba if one truly believe in him, but if we don’t then we are told to“take notice of war from Allah and His Messenger.” (2:278-279). The companies don't get interest free debt.
If a person is a shareholder in a company that has debt involved then he is actually playing a part in paying interest on behalf of the company as shareholders are owner of the company.
I would like to know the concept behind 33% rule?
check forum.islamicfinanceguru.com there's a long discussion of this there.
Bro the 33% rule is taken from a Hadith where RasoolAllah (sws) essentially allowed a companion to give 33% of his wealth to charity after his death. The companion wanted to give 100% but RasoolAllah kept saying it’s better if he leaves his wealth for his family. Eventually the percentage came down to 33%. So, the scholars in Islamic finance use this to justify 33% of “haraam” in a number of different contexts including stock trading. You don’t have to be a genius to see that this Hadith has absolutely nothing to do with buying shares in companies with debt. Best to stay away from it. The IFG guys have to peddle the Islamic finance narrative - that’s what their business is based on. They’re conflicted.
@@ilyasislam8027 can I ask you something?
@@ilyasislam8027 difficult one to grasp for me. How can spending money in charity be comparable to spending money in haraam?
@@playstation9435 Sure ask away.
Thnks bro....
Assalaamu alaykum Islamic Finance Guru! Could you make a video about whether daytrading is halal or haram in depth? And is Zoya useable enough to screen whether a company is halal or haram for trade beginners?
Salam aleikum, is it possible to invest in a financial fund with the Tezer cryptocurrency at a stable income? The fund is engaged in trading ...
May Allah swt bless you for this!
Haraam is Haraam no matter what is the percentage even its 0.00000001%.
If something is mixed with haram it’s becomes haram even its a minor %.
If the gearing ratio or debt to equal ratio is less than 50% can I invest?
And doing option buying and selling is halal or haram
Is it possible to invest in ftse 500? Would it be permissible?
Assalamu alaikkum...
buying stocks from NEW AG is halal Or haram please tell
Tata ethical fund is halal...? How can I invest...Sip share or mutual ...?
Yes please answer this question
Is Tesla halal with their Giga Bier project?
Is Nasdaq 100 halal in 2023 with current State of those company's
Is options and future trading halal or haram ?? Can u explain if haram why
Can I invest in indian stock market
Is it permissible under sharia
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
That won't bother you if you trade with a professional like Mr Leonard Cohen
I just got recommended to him on Twitter please how good is he?
十𝟏𝟐𝟑𝟗𝟒𝟐𝟎𝟎𝟐𝟒𝟏.
✔️✔️✔️✔️✔️✔️🇺🇸
What's=app
Stock Market is Haram. Any stocks that you cannot touch is Haram, and online stocks are cannot be touch by anyone therefore it’s Haram..stocks online is not real stocks simply because you cannot touch it..
Very weak arguments. It's not a necessity to buy stocks, but riba is clearly forbidden as well as a lot of other things companies generally deal with. Saying that it's still allowed to invest in these companies, because otherwise it would be too hard to find any, is very dangerous. Even food and drinks are prohibited if they have only a small amount of khamr in it according to clear proof from the ahadith. So comes someone holds earning money from clear haram, even if only 5 %, as halal?
I seek refuge in Allah from compromising my deen for the sake of any wordly benefit.
Salaam
JazaakAllah Khair for the video
Would it not also be required to find the amount of income that the company has received through haram means
Then deduct that amount from the profit you have received from the stock and give it in charity
Yes your share of it. but it's usually hard to find out that data.
@@IFGuru won't this then make it very difficult for the average Muslim to invest in individual stocks.
Is there some sort of ball park figure that you could give in charity? Or would it be better to not invest in individual stocks in the first place considering it can be hard to find the data?
JazaakAllah Khair for your help
Assalmualikum. I wanted to know if chart analysis of stock is halal or haram? Is it halal and why? or is it haram and why?
Is it halal to buy a stock of bank of america?
Do you think Trade options hala or haram? Do you have any video on it plz ?
Gambling %100
Hi guru i from india does ITC is halal company
Jazakallah
asalamu alaykum - when you make statements like "majority of scholars hold this view" - can you provide a source for that claim?
It is not so simple. Muslims nowadays call stocks halal so easily.
I disagree with you. Any amount of interest is haram, and no amount of sugarcoating will make it halal. And what basis does this 5% interest have from the deen?
Secondly, most companies that deal with halal things like software, eventually have banks as their biggest customers who are dependent on these software companies, which makes them haram too.
@@rafshad2264 I left stock market, after figuring out how stocks work and how to make money just because of the question you are asking me. It’s really difficult to find out which company doesn’t deal in interest and is 100% halal. I simply left the market to save my hereafter. I am ready to join again if someone can convince me that all the so called “halal stocks” are surely halal.
Can anyone explain why investing in companies having less than 33% debt is allowed? On what basis it is allowed?
That's probably cause you invest wrongly..
Message my Expert Trader And Financial Analyst for more guidance and info on trading and investments.
*EmilyCatherineTrading*
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Ijtihad... and did you not hear him read a hadith which said a third is a lot?
I believe that every Muslim should work trade or service related business either at small, medium, or large level free from every haram element in order to seek happiness of ALLAH instead of investing in such companies.
Al hamdulila Muslims may be able to improve their financial condition if they have proper knowledge about it
Investing in Crypto now is very cool especially with the current rise in the market now
Most especially having an expert Trader like Mr Kunal Desai
Most intelligent words I've ever heard Crypto is the best
Talking about Mr Kunal Desai I think he is the best trader I have ever met
he helped me recover all the money I lost trying to trade myself
Well, this's not the first time of seeing his name on the social platform
Jzk Ibrahim, I dont understand why 5% is chosen?? Is it somewhere in Quran or Hadith or is this 5% made up???
Jzk
Its made up. Its just tolerance to haram
Its made up bro because if it was 0% then you'd be lucky if you found a single company worthy of investment that has 0%. However, brokers who want to cash in from Muslims have paid scholars a lot of money to grant some leeway. Money talks as they say.
I have a business that have been doing for 2months now I was hoping if I could get someone to explain to me if it's halal
Thank you for your acknowledgment of our effort in bringing real-time Shariah equity screening to the common user. To know how developed our approach is, please read
blog.islamicly.com/islamicly-research-vs-rest/
Great work!
Ibrahim, Bro I couldn't understand 5th step properly.
The third point has major red flags people, Don't fall for it.
As per Islamic shareya can we invest in LONG time GOVT BOND