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…
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.
I talked with a number of dealerships to try to understand what exactly they meant when they used the word interest rate in the leasing terminology. Here’s what I found.
Learn the true difference between Takaful and conventional insurance.
I spent hours online trying to find any quality literature that could explain why Takaful is a better insurance product than conventional insurance from a practical standpoint…
4 Benefits to investing in HCM agreements are:
1- Diversification of investment portfolios.
2- Low risk investment.
3- Potential for positive impact on investment.
4- Interest-Free.
When adopted in mass, Human Capital Mudarabah will form the foundation of an economy more equitable than its debt-based counterparts; where human capital is valued more than monetary capital and where opportunity is based on the merit of the individual rather than the social class they belong to.
In this episode we put Sukuk advocates claim that it eliminates interest to the test.
Our investigation into whether sukuk charge interest will consist of answering two main questions:
1- Is financing being provided? If yes, then:
2- Is the financier contractually guaranteed to benefit in return for providing financing?
