Islamic Finance — Zakat, Riba & Halal Earning FAQs

🚫 Riba (Interest) — The Prohibition

What is riba and why is it haram? ▾

Is bank interest (savings/FD) halal? ▾

What about credit cards? ▾

Is taking a riba-based loan permissible in necessity (darurah)? ▾

What is Murabaha? ▾

What is Musharakah and Diminishing Musharakah? ▾

What is Ijarah? ▾

Are Islamic bank products truly halal? ▾

Is investing in the stock market halal? ▾

What makes a stock haram? ▾

Is cryptocurrency halal? ▾

What about mutual funds and ETFs? ▾

Is conventional insurance haram? ▾

What is Takaful? ▾

Is state-mandated insurance (car, national health) permissible? ▾

What makes a business halal? ▾

Is selling on credit (deferred payment) halal? ▾

What is gharar and why should it be avoided? ▾