Investroo: Invest Without Compromising Your Values

If you’d like to invest in the stock market but feel overwhelmed by the task of sifting through myriad stocks to find one that’s ethically- or Islamically-acceptable, fear not. A new tool is on its way — Investroo. What is it? Investroo is not another online brokerage like TD Ameritrade or E*Trade. Rather, it’s a mobile… Continue reading Investroo: Invest Without Compromising Your Values

Charity Does Not Decrease Wealth

In Islam, we believe the charity does not decrease one’s wealth. We also believe that it’s our duty to help our fellow human beings out of the blessings God has bestowed on us. Prophet Muhammad (peace be upon him) stated: “Charity does not in any way decrease the wealth and the servant who forgives, Allah… Continue reading Charity Does Not Decrease Wealth

Halal vs. Haram Investment Choices

Muslims should strive to have earnings that are pure. This means that the money one earns comes from halal sources, without gambling, and without cheating or scamming anyone. Money can’t be earned by working for, or running, a company that provides a forbidden product or service. This would include, for example, alcohol, pornography, and pork,… Continue reading Halal vs. Haram Investment Choices

Islamic Home Financing: How Does it Work?

Have you ever wondered how Islamic home financing options like University Islamic Financial and Guidance Residential work, and how they are different from conventional interest-based mortgages? First, let’s review how conventional mortgages work. The home buyer takes out a loan with a bank, for instance, and a fixed or adjustable interest rate is applied based… Continue reading Islamic Home Financing: How Does it Work?