Frequently Asked Questions (FAQs)
Q1: What is Halal investing?
A: Halal investing is investment that complies with Islamic law (Shariah), avoiding interest-based assets, gambling, alcohol, etc.
A: Halal investing is investment that complies with Islamic law (Shariah), avoiding interest-based assets, gambling, alcohol, etc.
Q2: Is cryptocurrency Halal or Haram?
A: It depends on the usage. Some scholars permit crypto if it’s used for real trade and not gambling/speculation.
A: It depends on the usage. Some scholars permit crypto if it’s used for real trade and not gambling/speculation.
Q3: How is Zakat calculated?
A: Zakat is 2.5% of your savings, gold, silver, investments, and business income held for over a year.
A: Zakat is 2.5% of your savings, gold, silver, investments, and business income held for over a year.
Q4: Can I take loans with interest?
A: No. Interest (Riba) is strictly prohibited in Islam.
A: No. Interest (Riba) is strictly prohibited in Islam.
Q5: How to start Halal investing?
A: You can start by choosing Shariah-compliant stocks, ETFs, or using Islamic investing platforms.
A: You can start by choosing Shariah-compliant stocks, ETFs, or using Islamic investing platforms.
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