Are Traditional Mortgages Halal or Haram?
Is taking out a mortgage halal or haram? This is one of the most essential questions facing Muslims in the modern world. For many Australians, taking out a mortgage is not something that they think about from a moral perspective. But Islam provides clear guidance on a range of financial contracts and practices. As Muslims,…
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An Overview of Philanthropy and Islam: A Never Ending Journey of Learning to Give
Many misconceptions about Islam tarnish its reputation. Especially in a post-9/11 world, people assume that Muslims are terrorists. This couldn’t be further from the truth. The majority of Islamic people reject violence. Not only that, but the Islamic faith actually encourages good acts. Our devotion to Allah is evident in the way we live our lives. There is no greater…
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How Do Islamic Investors Earn Interest Under Sharia Law?
Whether you follow Islam or not, it pays to be well-versed in the particulars of Islamic finance. Islamic finance, which covers all financial institutions, practices, assets, and vehicles that are organised under Islamic principles and laws, is now worth a record $1.2 trillion, or about 1% of the global financial market. As Muslim-majority markets continue to…
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