Companies with haram practices - these types of companies operate within prohibited industries such as gambling and alcohol. How you choose to speculate on the direction of the US dollar is the defining factor of whether forex trading is halal or haram. Otherwise, you could also invest in the indices themselves through an ETF like the Wahed FTSE USA Shariah ETF. These Islamic principles are based on the idea of using your finances for ethical investing to benefit the Muslim community and society. Islamic finance principles relating to finances and investment are based on social justice, non-exploitation, and halal investments that lead to a mutually beneficial partnership.

So if you are serious about purifying and increasing your wealth from an Islamic perspective then this book is a must-have. Avoid Interest (Riba): Earning money from money, such as charging interest, is considered haram (forbidden). Halal Investing has become a very big concern for Muslims, due to emerging industries established around a new product or idea. Let's say we're looking at industries that are not necessarily in those red-light industrial spaces, we still have to go a step further and look at the financial ratios," says Aliredha Walji, a registered investment advisor and CEO of ShariaPortfolio in Lake Mary, Florida. Whilst the main principles of Islamic finance have been around for centuries, formal Islamic banking and finance was established in the 20th Century.For commercial properties, investors must not lease to any tenant that engages in any kind of non-Shariah-compliant commercial activity.

Our Halal Investment Platform is, to our knowledge, the only and best comparison platform to compare halal investments on. So if any of the above resonates with you then Halal Investing for Beginners could be a good place to begin.If you have no strategy, no system and trade on an interesting charging account then it is considered gambling and haram. Now let’s take a closer look at the individual markets listed above and why they are considered to be Shariah-compliant. Throughout the contract, the investors might get the benefit according to the generated portion from the acquisition. There are indices out there (like this one) that contain companies that respect the values and beliefs of other faiths as well, like Christianity.