Shariah Investing Primer

Shariah Investing Primer

Haram – Forbidden by Islamic law

Halal – Permitted or according to Islamic law

Fatwa – An authoritative ruling on a point of Islamic law

Mufti – A Muslim legal expert who is empowered to give rulings on religious matters

Riba – An increment or increase. Interest on money-lending is the most common kind of riba. It is strongly condemned in the Quran in several verses. Examples of riba include interest on bank loans and credit cards, gains from trading bonds or other debts, and interest earned on savings and other deposit accounts.

Source: Idafa Investing, Oxford English Dictionary

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