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July 25, 2024

Beginner’s Guide to Halal Investing: A Detailed Step-by-Step Approach

Step 1: Understand Islamic Principles of Finance Before you start investing, it’s important to familiarize yourself with the basic principles of Islamic finance: Prohibition of Riba (Interest): Interest-bearing investments (like conventional bonds) are not permissible. Avoidance of Haram (Prohibited) Activities: Investments should not involve sectors like alcohol, gambling, pork, or businesses involved in unethical practices. […]