Halal transaction of u.s.a4/26/2023 ![]() – You can buy these stocks using any reputable stockbroker. I do this by sharing my list of the top 5 stock picks on the New York Stock Exchange that have zero debt on their books and run their operations solely from their retained earnings and cash reserves. You either disregard the teachings of the Quran and Sunnah and go all out on riba based investments, or you don’t invest at all, trying to adhere to the restrictions.īut I argue in this article that you can stick to the teachings of Islam and still invest your money in stocks that will grow over time and give you a competitive return on investment. In the modern debt and riba-ridden world, investing your money can seem like an all or nothing proposition. We are personally happy with the 33% debt allowance that most Islamic scholars allow, but have sympathies with the zero-debt school. We think its a great sharia and commercial analysis coming at it from a perspective that it is best to just go for zero-debt companies. The following is a guest post from Kashif Choudhury (bio at end).
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