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