Many Muslims have a question about “can Muslims work at conventional banks?”. The fact that many Muslims work in a conventional bank makes them wonder if it is halal or haram. This article aims to give you some scholars’ views about Muslims working in a conventional bank. Can Muslims work in banks? It depends on …
Can Muslims Work at Conventional Banks? 5 Answers you Want to Know Read More »
In this article, we will briefly discuss the 5 main differences between conventional banking and Islamic banking. Conventional banks earn their profit by charging interest for their services without sharing any risk with debtors. Meanwhile, Islamic banks share the risk with businesses and use equity participation systems to earn their profit. Equity participation means that …
5 Things That Make Conventional Banking and Islamic Banking Different Read More »
Gamestop Corp is one of the questionable stocks available in the USA market and you may want to understand why we can not place it on our halal stock list. Business Activities of Gamestop GameStop Corp was founded in 1996, and its headquarter is located in Grapevine, Texas. The company engages in the retail of …
Must Know Facts About Why Gamestop Stock Is Not Halal Read More »
As a country with a massive Muslim population, Malaysia has a lot of halal stocks that also have a good dividend you might consider. As an investor, we always want to get a good return since it indicates excellent productivity of a company. In today’s topic, we will talk about halal stocks that have good …
3 Best Malaysian Halal Stocks Based on Their Dividend Read More »
Islamic hire purchase is one of the alternatives that the Islamic bank’s customer may apply for vehicle financing. This product is based on the Al -Ijarah approach (leasing). The Islamic bank then transforms it into an Islamic hire purchase, generally known as Al-Ijarah Thumma Al-Bay (AITAB). Islamic banks may assist customers, whether individual or corporate, …
3 Things about Vehicle Financing via Islamic Hire Purchase You Need to Know Read More »
Islamic Financial Institutions have their own importance in terms of the development of the whole industry. Despite the fact that Islamic financial institutions have a variety of forms, customers, and goals, they all have one thing in common. They must adhere to Islamic law. The following sorts of Islamic financial institutions serve Muslim and non-Muslim …
3 Types of Islamic Financial Institutions You Want to Know Read More »
This article will discuss one of the popular halal investments among Muslims. Mutual funds are an excellent method to invest and diversify your portfolio by investing in a variety of securities. However, you want to know what they are, how to invest in them, and which ones are halal. Understanding The Mutual Funds A mutual …
Halal investment in Australia is one of the developing points. Despite the fact that Muslims make up barely 3% of Australia’s population, their numbers are expanding. Muslims are reshaping cultural touchstones to satisfy their ethical and cultural requirements. Though this applies to many aspects of life, traditional financial services are one of the hardest to …
Halal Investment in Australia: The Best Opportunities for You Read More »
Reasons why you should avoid debt To avoid debt is one of the best financial strategies you can use. Being trapped in debt ties up your money, preventing you from doing everything you want with it. However, its consequences go far beyond money. Debt can have a negative impact on your work, health, and relationships …
The initiative of the establishment of the Islamic Finance industry in Indonesia began in 1990 by the Indonesian Council of Ulama (MUI). Bank Muamalat Indonesia is the first Islamic bank in Indonesia that was established in November 1991 and officially operated in May 1992. Indonesia is a latecomer to establish Islamic banks compared to other …