Search results
Results from the WOW.Com Content Network
Sharia and securities trading is the impact of conventional financial markets activity for those following the islamic religion and particularly sharia law. Sharia practices ban riba (earning interest) and involvement in haram. It also forbids gambling and excessive risk (bayu al-gharar).
Global standards for trading Islamic profit-rate and currency swap derivatives were set in 2010 with the "Hedging Master Agreement" [183] [184] [185] (see below). A "Shariah-certified" short-sale had been created by some Shariah-compliant hedge funds. [175] [186] However both have been criticized as un-Islamic. [175] [186]
(As with all Islamic finance, funds must not be invested in haram activities like interest-bearing instruments, enterprises involved in alcohol or pork.) [205] Like other Islamic finance operations, the takaful industry has been praised by some for providing "superior alternatives" to conventional equivalents and criticized by others for not ...
For premium support please call: 800-290-4726 more ways to reach us
Forex trading strategies. Forex trading is fairly simple in concept, but that doesn’t mean you’ll make money trading currencies. If you’re just starting out, make sure to tread carefully and ...
Another author (Nima Mersadi Tabari) states that in Islam "everything is Halal (allowed) unless it has been declared Haram (forbidden)", consequently "the Islamic economic model is based on the freedom of trade and freedom of contract so far as the limits of Shari’ah allow". [56]
The industry has been praised for turning a "theory" into an industry that has grown to about $2 trillion in size; [6] [7] [8] for attracting banking users whose religious objections have kept them away from conventional banking services, [9] drawing non-Muslim bankers into the field, [2] and (according to other supporters) introducing a more stable, less risky form of finance.
Riba (Arabic: ربا ,الربا، الربٰوة, ribā or al-ribā, IPA:) is an Arabic word used in Islamic law and roughly translated as "usury": unjust, exploitative gains made in trade or business.