shariah

Are Meme Tokens Halal? 

Question Are meme tokens halal?  Answer In the name of Allah, the Most Merciful, the Most Kind Whilst it is not possible to give a specific ruling for a specific token, in principle, meme tokens should be avoided due to their high Shariah non-compliance risks and lack of bona fide utility and lack of genuine […]
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Simplified Shariah Guide on Timeshares

This simplified guide looks at timesharing and the Shariah considerations of the different forms of timesharing. What is time-sharing? Timeshare allows a person to buy the use of a holiday home for the same week or weeks every year. This concept is a fraction of the price of owning it all year-round. It also takes away […]
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Does Shariah Compliant Mean Ethical?

A debate regularly emerges on the issue of ethics and Shari’a compliance. Start-ups grapple with the issue and wonder whether to use both or either of them. Some argue that Shari’a compliance does not necessarily mean being ethical. This brief article shall endeavour to explain how Shari’a is inherently value-laden and that Shari’a compliance incorporates […]
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The 5 Highs and 5 Lows of being a Shariah Advisor

Being a Shariah advisor can be a dream career for many; I mean, you are engaged daily in matters of Shariah, learning, teaching and promoting Islamic Finance. You are actively engaged in establishing social and economic welfare. You are part of the seismic shift from Riba to non-Riba. It is a noteworthy endeavour and status. […]
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Making Sense of the 30% Rule in Islamic Finance

To determine the Shariah compliance of an equity investment, a company’s business and financials are screened. Investors commonly ask the nature and evidence behind the 30% and 5%. This article addresses the rationale and the history of the financial screening as well as raise some questions on the future of the screening criteria. The History […]
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Is Retail Forex Trading Shariah Compliant?

In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: Retail conventional Forex trading, where individuals are merely speculating on currency pairs, is non-Shariah Compliant. Brokers which offer Islamic FX accounts advertise their product with ‘no rollover/swap fees’. What is more important to determine is whether or not […]
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