Product Reviews

Buying a car with installment payments at a higher price: Is it Halal?

If you’re shopping for a car and trying to avoid interest-bearing debt it’s likely that advertisements claiming 0% APR (Annual Percentage Rate) car financing have caught your attention.
Naturally, the savvy Muslim consumer should ask: is there a catch to this and is it truly Halal?
If you’re in this position you’re in luck because I’m about to answer these two questions for you so keep reading…

Life Insurance: Halal or Haram?

Is life insurance Halal or Haram? This article thoroughly examines the arguments on both sides of the debate and comes out with a clear conclusion. It always comments on the financial wisdom for the different life insurance product including Term life insurance and permanent life insurance.

Human Capital Mudarabah in the Quran

I’ve been advocating for the adoption of HCM agreements in the Muslim community and while the default ruling on anything in Islam is permissibility, it helps to have explicit support for an idea in the Quran or Sunnah (the life and sayings of the prophet Muhammad peace be upon him). I believe there is such support for Human Capital Mudarabah in the Quran.

3 Reasons Why Mudarabah Financing is More Ethical Than Loans

When associating a particular product with Islamic finance, one must address how the product serves or at least does not run afoul of any ethical considerations. Here are 3 reasons why I think HCM agreements are superior to debt-based financing from an ethical perspective.