COMMODITY ONLINE: AHMEDABAD: Entry of Muslims into stock investments has been a point of worldwide debate for long. Though globally Islamic Banking and Finance and Sharia’s (according to Islamic rule) Investment has been growing at 10%, India lacked information on the religious sanction of such an investment.
Not to be left behind even the World Gold Council (WGC) together with Dubai Multi Commodities Centre (DMCC) launched fully Shariah-compliant Dubai Gold Shares with the intent to list them on the Dubai International Financial Exchange (DIFX).
Stock and commodity markets, mutual funds and other such investments were considered haram by the Muslims. The ‘haram’ income denotes the income, which comes from sources like alcohol, tobacco, porn related fields, pork, interest from exploitation, incomes from cheating, fraudulent and gambling. Make Use of Halal, Move Out of Haram >>> | May 1, 2008
The Dawning of a New Dark Age (Paperback - UK)
The Dawning of a New Dark Age (Hardback - UK)
