{"id":355315,"date":"2023-08-09T14:48:00","date_gmt":"2023-08-09T06:48:00","guid":{"rendered":"https:\/\/www.ziet.co\/v2024\/?p=355315"},"modified":"2024-09-26T14:51:15","modified_gmt":"2024-09-26T06:51:15","slug":"is-buying-stocks-halal","status":"publish","type":"post","link":"https:\/\/www.ziet.co\/v2024\/newsletter\/is-buying-stocks-halal\/","title":{"rendered":"#9 Is Buying Stocks Halal?"},"content":{"rendered":"\n

<\/path><\/svg><\/span><\/span>Estimated reading time: <\/span>4<\/span> minutes<\/span><\/p>\n\n\n

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Timely updates to supercharge your wealth-building journey!<\/p>\n\n\n\n

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TABLE OF CONTENTS<\/strong><\/h3>\n\n\n\n
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  1. Is Buying Stocks Halal?<\/strong><\/a><\/li>\n\n\n\n
  2. Word of the Week: Earnings Per Share (EPS)<\/a><\/strong><\/li>\n\n\n\n
  3. Key economic dates: CPI, PPI<\/a><\/strong><\/li>\n\n\n\n
  4. What I\u2019ve been reading<\/a><\/strong><\/li>\n<\/ol>\n<\/div>\n\n\n\n
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    Is Buying Stocks Halal?<\/strong><\/h3>\n\n\n\n

    The good news first: buying stocks and investing? Absolutely halal!\ud83c\udf89<\/p>\n\n\n\n

    There are so many choices of stocks out there, some offer Shariah compliant, some do not, It’s up to you whether to filter out the non-halal stocks! Here are some must knows if you want to choose businesses that comply with the principles of Islamic finance.<\/p>\n\n\n\n

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    What makes the company halal \ud83d\udd4c?<\/strong><\/h4>\n\n\n\n
    1. The Business<\/strong><\/h5>\n\n\n\n

    What does the company do to earn its revenue? If it’s involved in haram activities, like sale of alcohol, pork products, pornography, gambling, military equipment or weapons, it’s a straight-up no \ud83d\ude45\u200d\u2640\ufe0f.<\/p>\n\n\n\n

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    2. The Financials<\/strong><\/h5>\n\n\n\n

    A company’s financial statements must also be halal. This means not having too much debt, and not holding significant interest-based assets.<\/p>\n\n\n\n

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    3. The Transactions<\/strong><\/h5>\n\n\n\n

    All the company’s transactions should be transparent, certain and free from deceit (Gharar).<\/p>\n\n\n\n

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    4. Integrity and Honesty<\/strong><\/h5>\n\n\n\n

    Islamic business ethics place a strong emphasis on integrity, honesty, and fairness in all dealings. \ud83e\udd77Deception, fraud, and misrepresentation are strictly prohibited.<\/p>\n\n\n\n

    Other characteristics of a Shariah-compliant fund include<\/p>\n\n\n\n