What is Halal Investing? Does it only require the absence of interest? – with Sheikh Dr. Yasir Qadhi

Wahed Editors

 

What is Halal Investing? Does it only require the absence of interest? 

In the second episode, Sheikh Dr.Yasir talks about how Muslim investors can remain in compliance with the religious teachings and values while making investments.  

Sheikh Dr.Yasir Qadhi explains that a number of basic conditions need to be met for an investment to be deemed as halal. To invest in an organization, its business needs to be permissible as per the Shari’ah requirements. As Muslims, we are not allowed to invest in businesses that may be immoral, unethical and impermissible for (e.g., companies involved in any aspect of the liquor, firearms, gambling and tobacco industries) and most importantly one of the major sins like riba or interest makes an investment haram.

 Watch below Sheikh Dr.Yasir Qadhi explain through his understanding of Fiqh on the ways we can make halal investing possible. 

 

To know more about the technical details Sheikh Dr.Yasir is referring to, check out this article:

https://journal.wahedinvest.com/the-halal-investing-guide/

Disclaimer

6 Comments

  • Ahmad

    Assalaamualaikum,

    May i ask you one information regarding halaal chicken in Canada.
    In fact, we buy only chicken meat tagged as halal (zabihah in particular and from muslim butcher shops). But one Moroccan friend told me that his imam said that there is not difference between halaal chichen and non halaal one in Canada. They are all the same. Also Muslims can eat all chicken meat in Canada like in KFC, Saint Hubertand other restaurant where chicken is not halaal etc…

    Is this the truth or is it just a case of adapting Islam to convenience?

    Thanks for your guidance.

    Ahmad DEEBEELY
    438 937 6786

  • Syed Qayyum

    What is the halal way to get a house in Canada without mortgage

  • admin

    Hello Syed,

    Sorry, we cannot assist you with this question.

    Please feel free reach out if you have questions related to our investing platform.

    Regards,
    Wahed Support

  • admin

    WAlaykum Alsalaam Ahmed,

    Unfortunately, we are unable to assist you with this question.

    Please let us know if you have any questions related to investing your money and growing your wealth, we’re happy to help!

    Thanks,

    Team Wahed

  • Musab Zulfiqar

    Asalamualaykum,
    Could you kindly refer me to a source where I may find how we can establish whether the amount of interest a company uses would make it permissible for us to invest with them? I am a little confused as to how we are actually supposed to do that in the case of stocks, etc.

  • Wahed Editors

    Thank you for reaching out!

    We would love to talk to you about our inquiry.

    Please schedule a time with our Financial Advisor here https://calendly.com/saad_wahed/ so we can answer any questions you may have. Simply select a time slot that fits your schedule, provide your info, and they will be in touch.

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