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

Got Goals?

Goal-setting might seem like a dreaded chore, but not having goals is like driving with no destination in mind. Goals provide direction in life. When it comes to setting goals, it’s important to be as specific as possible. Vague goals, such as “I want to get in shape,” are not likely to materialize. On the… Continue reading Got Goals?

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

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?

Conventional Bonds vs. Islamic Bonds (Sukuk)

Conventional bonds include corporate bonds sold by corporations and Treasury bonds sold by the government. These are considered debt investments. Basically, the investor is making a loan to a corporation or the government. The investor will receive a principal payment after the bond matures, or expires, but will also receive regular interest payments during the… Continue reading Conventional Bonds vs. Islamic Bonds (Sukuk)