[et_pb_section fb_built=”1″ fullwidth=”on” admin_label=”Header” _builder_version=”4.16″ background_color=”#b7b9c7″ custom_padding=”0px|0|0px|0px|false|false” locked=”off” global_colors_info=”{}”][et_pb_fullwidth_header title=”Calculating Worldly Gains: Halal Investing” subhead=”By Muslim Pro” text_orientation=”center” background_overlay_color=”rgba(83,90,128,0.3)” _builder_version=”4.18.0″ title_font=”Noto Serif|700|||||||” title_text_align=”center” title_font_size=”70px” title_line_height=”1.1em” content_font=”Noto Sans||||||||” content_font_size=”18px” subhead_font=”||||||||” subhead_text_align=”center” subhead_font_size=”20px” subhead_line_height=”2em” background_enable_color=”off” background_image=”https:\/\/connect.muslimpro.com\/wp-content\/uploads\/2022\/02\/MAIN-iStock-1051659174-scaled.jpg” parallax=”on” parallax_method=”on” custom_button_one=”on” button_one_text_size=”17px” button_one_text_color=”#ffffff” button_one_bg_color=”#ff6b5a” button_one_border_width=”7px” button_one_border_color=”#ff6b5a” button_one_border_radius=”100px” button_one_font=”Noto Sans|700||on|||||” button_one_use_icon=”off” custom_margin=”|||” custom_padding=”110px||110px||true” custom_padding_tablet=”100px|||” custom_padding_phone=”” custom_padding_last_edited=”on|phone” animation_style=”fade” animation_direction=”top” hover_enabled=”0″ title_font_size_tablet=”40px” title_font_size_phone=”” title_font_size_last_edited=”on|tablet” subhead_font_size_tablet=”” subhead_font_size_phone=”20px” subhead_font_size_last_edited=”on|desktop” subhead_line_height_tablet=”” subhead_line_height_phone=”1.5em” subhead_line_height_last_edited=”on|phone” button_one_text_color_hover=”#ffffff” button_one_border_color_hover=”#ff9e59″ button_one_border_radius_hover=”100px” button_one_bg_color_hover=”#ff9e59″ global_colors_info=”{}” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_one_text_color__hover_enabled=”on” button_one_text_color__hover=”#ffffff” button_two_text_color__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_one_border_color__hover_enabled=”on” button_one_border_color__hover=”#ff9e59″ button_two_border_color__hover_enabled=”off” button_one_border_radius__hover_enabled=”on” button_one_border_radius__hover=”100px” button_two_border_radius__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_one_bg_color__hover_enabled=”on” button_one_bg_color__hover=”#ff9e59″ button_two_bg_color__hover_enabled=”off” sticky_enabled=”0″][\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ custom_padding=”|||” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_cta button_url=”#TOP” _builder_version=”4.16″ header_font=”|700|||||||” header_font_size=”44px” header_line_height=”1.5em” body_font=”Noto Sans||||||||” body_font_size=”17px” use_background_color=”off” custom_button=”on” button_text_size=”17px” button_text_color=”#ffffff” button_bg_color=”#ff6b5a” button_border_width=”5px” button_border_color=”#ff6b5a” button_border_radius=”100px” button_font=”Noto Sans|700||on|||||” button_use_icon=”off” text_orientation=”left” background_layout=”light” max_width=”700px” module_alignment=”center” custom_margin=”|-18px||||” custom_padding=”|0px||||” header_font_size_tablet=”” header_font_size_phone=”34px” header_font_size_last_edited=”on|phone” button_text_color_hover=”#ffffff” button_border_color_hover=”#ff9e59″ button_bg_color_hover=”#ff9e59″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”on” button_text_color__hover=”#ffffff” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”on” button_border_color__hover=”#ff9e59″ button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”on” button_bg_color__hover=”#ff9e59″ button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”]<\/p>\n
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Follow the money. Sniff out financial opportunities. Monitor the market trends which are constantly evolving. Manage your portfolio through diversification.<\/p>\n
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The above-mentioned are some of the often heard advice or tips for those who are keen to generate multiple streams of income through investing. One does not need to have millions of dollars to start, but one certainly could earn millions from a small amount of money with the right choices. At the same time, one could also lose so much money in a matter of seconds with the wrong moves.<\/p>\n
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Although capitalism levels the playing field by creating opportunities to build wealth and sustain accumulated affluence, what do you, as a consciously dutiful Muslim, need to know when it comes to manoeuvring the financial market? Let’s return to the fundamentals which need to align with Islamic principles.<\/p>\n
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[\/et_pb_cta][et_pb_image src=”https:\/\/connect.muslimpro.com\/wp-content\/uploads\/2022\/02\/iStock-1324164290-scaled.jpg” title_text=”Mid adult man using a smart phone to monitor his cryptocurrency and stock trading” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_cta button_url=”#TOP” _builder_version=”4.16″ header_font=”|700|||||||” header_font_size=”44px” header_line_height=”1.5em” body_font=”Noto Sans||||||||” body_font_size=”17px” use_background_color=”off” custom_button=”on” button_text_size=”17px” button_text_color=”#ffffff” button_bg_color=”#ff6b5a” button_border_width=”5px” button_border_color=”#ff6b5a” button_border_radius=”100px” button_font=”Noto Sans|700||on|||||” button_use_icon=”off” text_orientation=”left” background_layout=”light” max_width=”700px” module_alignment=”center” custom_margin=”|-18px||||” custom_padding=”|0px||||” header_font_size_tablet=”” header_font_size_phone=”34px” header_font_size_last_edited=”on|phone” button_text_color_hover=”#ffffff” button_border_color_hover=”#ff9e59″ button_bg_color_hover=”#ff9e59″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”on” button_text_color__hover=”#ffffff” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”on” button_border_color__hover=”#ff9e59″ button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”on” button_bg_color__hover=”#ff9e59″ button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”]<\/p>\n
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Nowadays, anyone with a smartphone and a stable internet connectivity can download a deluge of investing apps, make snap decisions and fall into impulse trading.<\/p>\n
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In essence, the race to earn (extra) money is made easier and quicker with no restrictions on trades and business activities, which would not necessarily include ethical sources of revenue. Still, the guiding parameters is not to cross prevailing financial laws governed by financial regulatory bodies. As such, there are opportunities for greed and avarice to flourish when the financial system is open to rampant opportunism and abuse strictly dictated by an individual’s choices.<\/p>\n
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There are strict criteria when it comes to ensuring participation in and perpetuation of halal (permissible) investing. The three fundamentals<\/a> being\u00a0riba<\/em> (interest or usury), maysir<\/em> (speculation or a gambling transaction) and gharar<\/em> (uncertainty). Riba<\/em>, which is additional money paid on the borrower’s part to the lender as compensation on top of the principal sum over a period of time, is categorically prohibited in Islam. It is essentially exploitative by contributing to widening the inequality gap.<\/p>\n <\/p>\n \u064a\u064e\u0640\u0670\u0653\u0623\u064e\u064a\u064f\u0651\u0647\u064e\u0627 \u0671\u0644\u064e\u0651\u0630\u0650\u064a\u0646\u064e \u0621\u064e\u0627\u0645\u064e\u0646\u064f\u0648\u0627\u06df \u0644\u064e\u0627 \u062a\u064e\u0623\u0652\u0643\u064f\u0644\u064f\u0648\u0627\u06df \u0671\u0644\u0631\u0650\u0651\u0628\u064e\u0648\u0670\u0653\u0627\u06df \u0623\u064e\u0636\u0652\u0639\u064e\u0640\u0670\u0641\u064b\u0627 \u0645\u064f\u0651\u0636\u064e\u0640\u0670\u0639\u064e\u0641\u064e\u0629\u064b \u06d6 \u0648\u064e\u0671\u062a\u064e\u0651\u0642\u064f\u0648\u0627\u06df \u0671\u0644\u0644\u064e\u0651\u0647\u064e \u0644\u064e\u0639\u064e\u0644\u064e\u0651\u0643\u064f\u0645\u0652 \u062a\u064f\u0641\u0652\u0644\u0650\u062d\u064f\u0648\u0646\u064e<\/p>\n <\/p>\n O you who believe, do not eat up the amounts acquired through Rib\u0101 (interest), doubled and multiplied. Fear Allah, so that you may be successful, <\/p>\n Gharar<\/em> is about uncertainty and ambiguity of contractual agreements that creates space for exploitation and manipulation of parties involved, leading to disputes. It is closely related to maysir<\/em> as uncertainty could potentially snowball into extreme risk taking behaviour and gambling leading to either absolute gain or loss for one party alone.<\/p>\n [\/et_pb_cta][et_pb_image src=”https:\/\/connect.muslimpro.com\/wp-content\/uploads\/2022\/02\/pexels-mayofi-5972325-scaled.jpg” title_text=”pexels-mayofi-5972325″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_cta button_url=”#TOP” _builder_version=”4.16″ header_font=”|700|||||||” header_font_size=”44px” header_line_height=”1.5em” body_font=”Noto Sans||||||||” body_font_size=”17px” use_background_color=”off” custom_button=”on” button_text_size=”17px” button_text_color=”#ffffff” button_bg_color=”#ff6b5a” button_border_width=”5px” button_border_color=”#ff6b5a” button_border_radius=”100px” button_font=”Noto Sans|700||on|||||” button_use_icon=”off” text_orientation=”left” background_layout=”light” max_width=”700px” module_alignment=”center” custom_margin=”|-18px||||” custom_padding=”|0px||||” header_font_size_tablet=”” header_font_size_phone=”34px” header_font_size_last_edited=”on|phone” button_text_color_hover=”#ffffff” button_border_color_hover=”#ff9e59″ button_bg_color_hover=”#ff9e59″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”on” button_text_color__hover=”#ffffff” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”on” button_border_color__hover=”#ff9e59″ button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”on” button_bg_color__hover=”#ff9e59″ button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”]<\/p>\n <\/p>\n As evident, halal investing forbids participation in businesses that encapsulate elements of uncertainty and gambling. An example is the purchase of life insurance<\/a>. Although we prioritised the well-being of our family in anticipation of unfortunate circumstances, life insurance remains problematic. Life insurance is set on the premise of uncertainty that would question Allah’s position in deciding our fate, the All-knowing when it comes to matters of life and death. With the said uncertainty that rests on the question of IF you were to pass away, then your loved ones would receive a payout based on the monthly premium you have paid over a period of time.<\/p>\n <\/p>\n
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[Surah Ali ‘Imran 3:130]<\/p>\n