Month: May 2021

4 Differences Between Institutional and Retail Investors

Do you ever wondered about what the differences between Institutional and Retail Investors? We got your back. Who is an investor? A person or organization who puts money into financial schemes with the expectation of gaining profit is called an investor. As an investor you can use different types of financial vehicles such as mutual …

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Is Day Trading Halal?

When it comes to day trading – many scholars have agreed that it is permissible. However, there are still different views on it. In today’s blog we will discuss: SIGN UP AND GET MUSAFFA NOW  What is Day Trading? Day trading refers to the trading practice that involves short-term trades and never lasts more than …

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Top 5 Islamic Finance Universities You Want to Know

Due to the increasing interest in Islamic Finance and Islamic Banking, the need for Islamic Finance universities has gone up significantly in recent years. Consequently, Malaysia, the UK, India, Indonesia and Saudi Arabia has been the home for many Islamic Finance educational institutions. Certainly, more and more individuals are interested to study Islamic Finance at …

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Simple Facts To Remember About Zoya and Musaffa, the Halal Investment Apps

Simple Facts To Remember About Zoya and Musaffa

What is Zoya? Zoya is a reliable, easy-to-use, and user-friendly stock screener and halal investment app. At Zoya, you can go through shariah compliance reports for about 12,000 US, UK, and Canadian stocks and groups separate stocks. Zoya app gives an overview of all the stocks in the market and screens if the stock is …

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An Overview of How Takaful Insurance Works

What is Takaful? Takaful is an alternative to conventional insurance. It is a major Islamic insurance type where participants put their money into a pool system to mutually help each other in the period of any loss or disaster. Takaful Insurance works rely on the principle of cooperation (Ta’awun). In essence, every participant of the …

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2 Crucial Things What Every Muslim Must Know About Purification

Purification refers to disposing of unacceptable profits by donating them to charity. Of course, Shariah does not allow Muslims to profit from unacceptable practices and impermissible sources. So, Muslim investors are expected to eliminate any income derived from riba or other haram sources. Subsequently, Shariah scholars have given direction on the topic of income purification. …

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