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Which companies are haram to invest in?
Investment in any company whose policy is based on the principles of usury is forbidden, while Takaful is permissible if it is in accordance with the principles. In Islam, its term is Mudarabah, which is permissible.
Investment in any company whose policy is based on the principles of usury is forbidden, while Takaful is permissible if it is in accordance with the principles. In Islam, its term is Mudarabah, which is permissible.
See lessCan Muslims have bank accounts?
Two possible types of bank account are current account and savings account. Current account is perfectly valid. And in the savings account, some banks offer interest-free profit according to Islamic principles, which is perfectly permissible, while interest-bearing profit is forbidden. Allah knows bRead more
Two possible types of bank account are current account and savings account. Current account is perfectly valid. And in the savings account, some banks offer interest-free profit according to Islamic principles, which is perfectly permissible, while interest-bearing profit is forbidden. Allah knows best.
See lessHow many prayers are there in Islam?
In Islam, five prayers are obligatory in a day. 1. Fajr prayer. 2. Zuhr prayer. 3. Asr prayer. 4.Maghreb prayer. 5.Isha prayer. While according to Fiqa Hanafi, only one prayer is obligatory, which is called Witr prayer and its time is from the time of Isha prayer to the start of Fajr.
In Islam, five prayers are obligatory in a day. 1. Fajr prayer. 2. Zuhr prayer. 3. Asr prayer. 4.Maghreb prayer. 5.Isha prayer. While according to Fiqa Hanafi, only one prayer is obligatory, which is called Witr prayer and its time is from the time of Isha prayer to the start of Fajr.
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