Q. What are the permissible financial investments an individual can make?
A. There are different modes of financial investments that a person can make. However, all must conform to the guidelines and principles of the Shariah.
At the onset, one must refrain from every such investment/contract that is connected to interest, speculation and gambling. Parties getting involved in an investment must not only benefit from the profits, but they must also bear the loss in proportion to their capital.
Special attention must also be given to the nature of the investment and what products/services are involved in the investment. Things that are considered Haram/Unlawful in Islam would not be allowed for Muslims. In Islamic Finance, there are different modes of Investments and each has its own guidelines and rules. If you are interested in finding out about any specific ones, you may write to us.
And Allah knows best.
Mufti Waseem Khan