Conditions and criteria that make stocks halal

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doaausef3li
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Joined: Tue Aug 13, 2024 11:31 pm

Conditions and criteria that make stocks halal

Post by doaausef3li »

The company's primary activity:
The company's primary activities must be pure and not prohibited in Islam. This means avoiding companies that operate in sectors such as conventional banks (which rely on usury), as well as alcohol manufacturing companies, gambling companies, and other prohibited activities as well.
The company's financial structure:
The percentage of usurious debts borne by the company should be limited and in line with the percentages accepted in Islamic jurisprudence. The company's cash flow and investments must also be compatible with Sharia.
Financial transactions:قائمة الشركات النقية
Avoid transactions that involve usurious interest or non-transparent financial practices. Commercial and investment transactions should preferably be in line with the concept of profit and loss sharing (Mudharabah and Musharakah).
Shariah Audit:
Companies should be subject to reviews and audits by independent Shariah bodies to ensure their compliance with Islamic standards. These bodies examine the financial and commercial activities of the company to ensure their compliance with Shariah.
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