The world is seeking an alternative form of the stock market for some time so that the interests of all relevant stakeholders can be secured. From the perceptions of straight Muslims, the existing form of the stock market limits a Muslim to make investments in the market caused by unsatisfying several requirements from the Islamic sharia. This article will discuss all the conditions the Islamic Shariah permits to start investing in the stock market.
Interested in Islam?
What you need to understand that all financial products, all the banking process is based on selling us money for money. That called Reba and what brought the economy to collapse was a result of this transaction. When these people started exchanging money for money in an unequal amount. For example, A person lent a sum of money to another person and ask him to pay it back together with an agreed additional sum of money within a fixed period. A race of interest was fixed for a specific period, and if the principal along with the interest was not paid within that period, the rate of interest was enhanced for the extended period. So on this enhanced or additional amount is Reba.
Why Reba (interest) is prohibited in Islam?
Islam prohibited Reba interests duo for the following reasons:
Interest inculcates miserliness, selfishness, callousness, indifference, inhumanity, greed, and worship of wealth. It destroys the spirit of sympathy, mutual help, and cooperation, and that affects the feeling of brotherhood and unity among the community.
Interests cause many economic evils, for example, it leads to hoarding of money, adversely affecting its circulation among larger sections of society. It also causes the establishment of monopolies, cartels, and the concentration of wealth in a few hands. And so, the gap between the rich and the poor widens.
Is it mention in Quran or Hadith ?
Yes, the Quran and Hadith clearly prohibited interest.
In Allah says: “And whatever you give for interest to increase within the wealth of people will not increase with Allah. But what you give in Zakat, desiring the countenance of Allah – those are the Multipliers”. In chapter 4 verse 161 Allah says: ” And (for) their taking of usury while they had been forbidden from it, and their consuming of the people wealth unjustly. And we have prepared for the disbelievers among them a painful punishment”.
Prophet Mohammed (Peace be upon him) said “every loan that draws excess is Reba”
Muslims avoid interest or Reba. Allah (SWA) has considered Reba to be one of the most major sins, and the prophet called it a Kabeerah, a major sin, and it is the only sin. In the Quran Allah (SWA) has said “anybody, who deals with this it is as if he has engaged in a war against God himself.”
So, we have to avoid companies that are dealing blatantly in Reba.
There is much more legal ways that we can go into a lot more detail but for this article, realize that in order for an investment to be Halal, a number of basic conditions need to be met.
Since Islam’s main core is to save humans, it considered some rules that protect them. For instance, a Muslim can’t invest in anything that will help increase any kind of substance abuse or drugs. Or maybe even investing in companies that promote weapons of mass destruction. We as Muslims are ethical we are not allowed to invest in something that’s going to harm other people. Harm them physically, harm them emotionally. So we Muslims do not invest in any company that deals with harmful substances, or that deals with matters that are going to impact the environment in a very negative way. These are the things that we are cautious about.
Regarding shares and stock market investments, Muslims have categorized this under the classification of Awraq al-Naqdiyyah. This is often something, which is allowed, with certain conditions and it is also subjected to Zakah payment. Because it fulfills the Nisab and Hawl. “Shares is one of the equal parts into which the capital of an organization is divided, enabling the holder of the share to a percentage of the profits. Dealing in shares is acceptable within the Shari’ah.” (Fiqh al-Islam Wa Adillatuh, vol. 2, pg. 774)
“Money in Islam sorts a task to play. It shouldn’t be stored but used and circulate to allow people to make use of its benefits. That’s why the books of Fiqh say that the guardian of an orphan must be honestly invested. Such as the Zakah wouldn’t drain the wealth of the child.
Where can Muslims invest in?
You can buy shares in any company, which doesn’t pursue prohibited trade, it has to be ethical and permissible.
As an example, dealing with Islamic banks is the Muslim’s choice. As well as not to deal with alcohol companies because they’re producing something, which is Haram. To buy shares in chemical companies, which produce products damage people and thus the environment. But there is not even a small problem buying shares that deal with good companies. Likewise, investing in the stock exchange is okay, but by keeping the above considerations in mind.
Muslims can invest in shares in BT, in water, in gas, and in numerous things that can benefit people. And in things that aren’t directed towards humanity, which should be the general monitor for investments by the Muslim community.
“Holy is your Lord, the Lord of all honor and power. He is far above the (polytheistic) things they attribute (to Him). And peace be ever upon all the Messengers. And all type of perfect and true praise belongs to Allah, the Lord of the worlds.” (37:180-182)
Palestine is Entrenched In the Heart of Qatar World Cup
Almost every match of the Qatar 2022 World Cup has witnessed signs of having Palestine entrenched in the heart of World Cup’s fans by either raising the Palestinian flag, wearing a Palestinian kufiyah or chanting slogans in solidarity with the people of Palestine. Palestine is a kind of country that is physically absent but spiritually present in the heart of the World Cup in Qatar. There is hardly a match, event, or promotional activity without the presence of the Palestinian flag, even though its team does not participate in the tournament. This edition of the World Cup tournaments is, by all means, different and holds significant importance since its beginning 92 years ago for the Arabs and the Palestinians. Since the beginning of the tournaments, Palestinians have been looking forward to spreading awareness about their suffering and getting their voice heard on a large scale.
What is in the heart, is in the heart
Arabs’ unity at its best in supporting Palestinians is present in a chilling way in the Mondial. This is almost the first time for Muslims, Arabs, and especially Palestinians to have their powerful platform to speak aloud. They need to speak loudly about their suffering in the largest gathering ever. The Palestinian flag has been flown with pride at stadiums across Doha since the tournament kicked off.
The unifying power of football has been unmistakably displayed, with Palestinians eager to throw their support behind Arab teams upsetting football’s international elite. On the other hand, Arabs have also shown signs of solidarity with the Palestinians during the tournaments. “My friends and I have been exchanging videos posted online showing Arab people waving the Palestinian flag, it’s a testament that we are one and Palestine is alive in the hearts and minds of all Arabs,” a fan said. Furthermore, Arab activists on “Twitter” launched a campaign to boycott companies supporting the “Israeli” occupation, and widely raised Palestinian flags during the World Cup Qatar 2022. Beautifully, Tunisian fans chanted for Palestine and raised the Palestinian flag outside the stadiums beautifully displaying Palestine entrenched in the heart of the World Cup.
Qatar encapsulates timeless universal solidarity with Palestine
It is not surprising to see the Qatari fans’ support for the Palestinians in the Mondial. On top of all supporting countries, Qatar has always shown solidarity with the Palestinian question whether spiritually or financially. Significantly, Qatar has seized the chance not only to spread Islamic culture and history but also the Palestinian question as well. Likewise, a Qatari man filmed a video on social media showing him distributing Palestinian armbands.
Several Qataris wore armbands featuring a pro-Palestinian design at the Mondial, according to photos posted on Twitter. The armbands bore the black-and-white design of the kufiyah scarf that is synonymous with the Palestinian cause. They were an apparent response to players and officials protesting FIFA’s players who wear the gay armband on the pitch. On top of all of that, Winterhill Hospitality, the official Qatar 2022 FIFA World Cup hospitality-booking site, has put ‘Occupied Palestinian territories’ as a country option, without mentioning ‘Israel’ on its list. Moreover, it launched a popular campaign called “The Palestinian Dream” in Qatar. It aims to raise awareness of the Palestinian cause and the crimes of the occupation. It also has another aim: taking advantage of the major global event “World Cup”.
In addition, a Qatari man appeared in a video refusing to talk to an Israeli reporter as a way of showing solidarity with the Palestinian cause. Not only him, but also many Qataris showed refusing to interact with Israeli reporters. They also held the Palestinian flags high in every street, car, and stadium.
Israel is hopelessly isolated as Palestine is entrenched in the heart of the masses
As a sign and a result of showing solidarity with Palestinians, the masses have hopelessly outcasted and isolated Israeli media in front of the world. The Israeli media appeared isolated amidst large numbers of Arab fans. Whenever knowing their Israeli identity and hear their broken Arab accent, pro-Palestinians rally around them with dozens of Palestinian flags. For more, click here. “We feel hated, surrounded by hostility and unwanted,” an Israeli journalist said. Another Israeli reporter interviewing a Saudi fan burst into anger shouting that “Israel stays for doomsday.” This is a sign of covering up the distress and anger in which he is. This Mondial has proved the hatred of Arabs, Muslims, and some Westerners worldwide for the Israelis. A Saudi fan was overwhelmed in a video telling an Israeli reporter that he is not welcome here.
As a result, Israeli media started to flounder for being a redundant intolerable guest. “After a while, we decided to claim we were Ecuadorian when someone would ask us where we were from,” an Israeli reporter said. Read more on this: Is anti-Semitism essential for the survival and growth of Zionism and Jewish peoplehood?
The Yemeni, Saudi, and Tunisian masses gave a harsh lesson to the Israeli journalist Jay Hochmann. This happened when he stood among their groups to impose himself among them, so they cheered “Palestine”. Furthermore, Yediot Ahrnot said that their coverage of the World Cup showed the magnitude of the Arabs’ hatred of Israel. It also noted that Iranian, Qatari, Jordanian, Moroccan, Syrian, Lebanese, and Egyptian fans were looking at them with hate looks.
Summing up, it is the instinct of Arabic peoples to show such solidarity with Palestinians. All the presented signs show that Palestine is entrenched in the heart of World Cup fans. Through their unity and awareness, the Palestinian question is strongly dominant in the scene. Most importantly, let us not forget the enormous efforts of Qatar of supporting Palestinians in all circumstances. One of the most critical factors to make full benefit of the Qatar World Cup in support of the Palestinian cause is to communicate directly with match commentators, presenters, and influencers. This can be via television, radio channels, or social media sites to highlight, talk about, and address the Palestinian issue during their comments on the games.
In addition to the need to interact on social media sites via several tags, most notably Palestine in the World Cup, to get the issue to the extreme and the most significant gatherings. This interaction proved that the question of Palestine is still alive and still entrenched in the hearts of all Arabs and Islamic peoples in the World Cup. Qatar World Cup FIFA has become the main platform to convey the Palestinian question to the whole world. On the other hand, negligence and outcast, at least, are what Israelis got due to their bloody deeds against Palestinians. From our platform, we announce our support for Qatar and the Palestinian question as well.
The UK Economy Braces for 2-Year Long Recession: What Went Wrong?
The UK economy is witnessing one of the worst crises in its history. The downfall of the pound, war-infused energy crisis, skyrocketing electricity bills, collapsing stock market, changing Prime ministers, and whatnot?
Nothing has gone in the UK’s favor since the passing of the Queen. And now the country is bracing for a prolonged two-year recession with contracting third quarters.
But what went wrong in the first place? How did this trigger an economic catastrophe in the UK? And can Rishi Sunak save the UK?
Here is a detailed explainer:
UK Economy: An Overview of the Problem
With the political upheaval and the pandemic, the already suffering economy of the UK reached its brim when the Russia-Ukraine war ignited.
In response to Ukraine’s invasion, Britain halted the import of fuel, gas, or coal from Russia since June for the first time in the past 25 years.
As a result, Russia stopped its critical gas pipeline to Europe, thus creating an energy crisis.
All this led to the UK’s economic downfall.
Today, inflation is at an all-time high of 9.9%, a 40-year high. Energy bills are shot up by almost 80%despite capping. Finally, and most importantly, the pound has become one of the worst-performing currencies, with its value dropping by 24% against the dollar.
The Mini Budget Turmoil
With such disruptive environments in the UK, former Prime Minister Liz Truss came up with the mini-budget. The mini-budget baskets a slew of tax changes, including the elimination of the high rate of income tax for the wealthy and the energy subsidies policy platform.
However, the mini-budget backfired and now has snowballed from an energy crisis into debt, housing, currency, and even a banking crisis.
The pointer mentioned in the mini-budget has been so terrifying that it shook the economy of the UK and plunged the London Stock Exchange horribly.
With such an unstable situation inside the UK economy, Truss changed her mind about company taxes after days of adamantly defending her budget and firing finance Minister Kwarteng.
“I still agree with my policies, but I’ve sacked my finance minister because he announced them, and the market didn’t like them.”She said
A Cold and Long Winters Awaits the UK
The three major events that make the incoming winter snug for the UK are:
- First, Russia has entirely cut off gas, which causes the cost of electricity to shoot up by almost 80%.
- Secondly, on top of the existing gas storage, the incoming winter energy consumption is about to hit a new peak from September to December.
- Third, even if Europe had 90% of its Energy storage complete in September 2022, it could take only 90 days for it to reach dangerously low levels.
Long story short, a gas shortage during a peak consumption time, with no storage option, will further increase energy prices. It has already been shot up at extreme levels resulting in high electricity bills that eventually heated inflation and the economy of the UK.
Even though the UK is receiving help from the US and other countries, gas prices are still very high. Hence the cost of production and inflation has hit a record 9.9%.
“It is going to be tough. But protecting the vulnerable – and people’s jobs, mortgages, and bills – will be at the front of our minds as we work to restore stability, confidence, and long-term growth,”British finance minister Jeremy Hunt twitted
Bond Market Crisis with Collapsing Pound
The UK’s property market, pension industry, and overall economy are at risk of recession. The reason behind this is the decline in the price of UK government bonds and the ensuing rise in interest rates.
10-year bond rates in the UK have gone above almost 300%, going from just about 1% to 4.11% in just nine months.
Even though the bonds yield a 4% interest, the currency has depreciated to such an extent that it has become a disaster for foreign investors. As a result, foreign investors are quitting the UK market, further decreasing the demand for the pound.
Such a crisis in the bond market resulted in currency depreciation further, and the sterling slid against the US dollar. Furthermore, during the Ukraine-Russia war, Russia cut off gas supplies, and oversized reliance on imports further surge Euro.
Rishi, the Third Prime Minister in Three Months
After the resignation of Boris Johnson with 27 ministers, the office was handed over to Liz Truss. When Boris left the office, there was a sensation in the UK that it was time for stability and competence.
However, due to poor politics and policies, Liz Truss abruptly resigned from the post of Prime Minister within 45 days. The shortest and most disastrous spell that slung the economy of the UK and crashed the pound forced Liz Truss to step down from the post.
With the resignation of Liz Truss, the reign was entrusted to Rishi Sunak, the third PM of the UK in the last three months. Sunak’s appointment ended another period of political unrest in the UK.
But many analysts and Westminster observers are still of the opinion that there will soon be another crisis. With the opposition Labor Party presently leading in the polls, all opposition parties are pleading for a general election.
Can Rishi Sunak Save UK Economy?
The political unpredictability has led the UK economy into a two-year-long recession. The previous two prime ministers were unqualified to steer the UK economy’s flimsy ship. Hence Rishi has some challenging tasks to do.
Now, everything will depend on how Rishi approaches the challenging work of rescuing the UK economy from disaster, and it will be interesting to watch how he advances.
Is anti-Semitism essential for the survival and growth of Zionism and Jewish peoplehood?
Unlike any other state around the world, Israel is constantly whining about its international image being tarnished and unfairly sullied. The apartheid entity routinely blames “anti-Semites” for ” seeking constantly to lynch the Jewish state’s image.” Israeli Hasbara (propaganda) doctors would voice all sorts of unreasonable and preposterous “rationales” to explain the utter lack of love for the pariah state among the peoples of the world.
Israel, which the late American evangelist Jerry Falwell referred to as “the nation-state of the Lord” has effectively been transformed in the eyes of the bulk of humanity into the nation-state of the devil. Well, but even the devil itself is probably learning “useful” lessons from Israel.
While insisting that Israel’s ugly image suffers due to anti-Semitism, not Israel’s abominable behaviour in occupied Palestine, the professional twisters of truth would eventually invoke the mantra that “boys will always be boys and goys will always be goys”! (goys or goyem is a derogatory Jewish term for non-Jews)
Israel firsters, whose Chutzpah often transcends reality, would never attribute the sullied image of the apartheid entity to its unceasing and unmitigated crimes against the helpless Palestinians. We all know that not a single day passes without a Palestinian boy, child, woman, worker, farmer, doctor, student or journalist getting murdered or maimed by the Gestapo-like Israeli army or the even more murderous paramilitary Jewish settlers all over the Occupied West Bank.
We kill them knowingly
Israeli officials and spokespersons are well aware of the utmost gravity of these crimes. However, they would argue that these crimes, however nefarious and barbarian, should not lead to tarnishing Israel’s image.
Moreover, the Zionists would argue that international critics of Israel’s “actions” are guilty of singling Israel out for their scathing criticisms, while conveniently ignoring other villains on the world’s arena, such as Russia, the Syrian regime, and even the U.S. and its allies who killed and maimed thousands of innocent people in places like Iraq and Afghanistan.
Being hated is essential to being Zionist
Yes, the Zionists do admit, though begrudgingly, that they indulge in all sorts of heinous crimes, including crimes against humanity, against the Palestinians.
Generally speaking, the Zionists don’t claim that these crimes are correct and ethical, although religious Talmudic settlers thugs, such as Ben Gvir and Smotrich, who won recent Israeli elections, would cite numerous quotations from the Torah and Talmud “proving” the utter morality and perfect legitimacy of these crimes, including burning Palestinian kids alive.!
None the less, the Zionists would insist that Israel has the right to defend itself as if self-defence justified an evil military occupation, dehumanizing repression and humiliating apartheid for over half a century. One settler leader from the settlement of Kiryat Arba near Hebron had the audacity to say “if Joshua did exterminate the Canaanites, why can’t we do the same to the Palestinians”?
A little story that speaks volumes
Exposed and demoralized before the entire world, Zionist spokespersons would reveal, often inadvertently, one of the most outrageous aspects of their collective evil mindset. A few days ago, an Israeli right-wing activist wrote in Ynet that Jews can survive only if they are hated by Goyem, but in order to be hated, Jews must indulge in every evil act in order to draw hateful reactions from non-Jews.”
I really had thought that perhaps only a small esoteric Jewish cult did indulge in this strange behaviour. But then a friend intimated to me a little secret. He told me a story he said he had heard from his father who died many years ago. According to the friend, when Arab kids in a given Palestinian town were playing near the small local Jewish neighbourhood, the mother of the only Jewish kid who was playing with them, gave the Arab kids some sweets and a few piasters , asking them to hit and curse her own kid!. I remembered this little story when a Zionist settler activist told me during an internet chat recently that “we need to be hated in order to survive as Jews.”
Some audacious rabbis would privately explain such bizarre behaviour by arguing that if Jews found absolute love and acceptance by non-Jews, they would eventually assimilate and perish as a people.
In other words, anti-Semitism is essential for the survival and growth of Zionism and Jewish peoplehood! One Israeli rabbi reportedly argued that if there were no anti-Semitism, it would be the moral and religious duty of the Jews to create “some” anti-Semitism to make Jews feel that they are different”!
Startling Open Secret
This startling open-secret should explain the fact that numerous trumped-up anti-Semitic incidents, including torching synagogues, scrawling anti-Jewish graffiti, and vandalizing Jewish grave headstones are often committed by Jews, not anti-Semites! Just ask Law-enforcement authorities in the U.S. and UK, and they would tell you some shocking stories in this regard.
And, yes, there are numerous rabbis and Talmudic sages who would argue that Jews will not survive and prosper if they were readily accepted and loved by goyem, since such cordiality and friendliness would lead to slackness, integration assimilation and ultimate extinction of Jews . Jews in America are often cited as a classical example. Due to their complete integration into the American society, most American Jews blended completely and thoroughly, melting away into the general fabric of American life, leaving themselves, their children and their grandchildren only nominally Jewish.
In light, Jews must accordingly show off their brutal ugliness and evilness to Goyem in order to generate a certain amount of anti-Semitism which would be highly beneficial, useful and even vital for Jewish survival and growth.
There is absolutely no doubt that Israel’s 75-year-old ongoing holocaust against the Palestinians can be explained, at least in part, in light of this criminal mentality, which actually constitutes a creed and ideology for millions of Zionist Jews.
Some readers, stunned by the utter shamelessness and diabolic oddity of this mentality might be prompted to think that the author of this article is perhaps exaggerating and blowing things out of proportion.
But there is no exaggeration here. I remember the late American Jewish author Alfred Lilienthal quoting a Zionist rabbi in his masterpiece-book, the Zionist Connection, as saying that “a little anti-Semitism is always useful since it reminds us of who we are.”!
Chasing the Mirage of the desert
Today, Israel and its tails, mouthpieces and allies in the U.S. and some European countries are fighting an anti-Semitism that doesn’t really exist except in the sick mindsets of Zionist leaders. Thus, every legitimate criticism of the brutal Israeli occupation, including the apartheid regime in the West Bank, is twisted to imply hated for Jews.
The Zionists would argue cunningly and tendentiously that opposing Israel is opposing Jewish self-determination. They conveniently ignore the fact that Israel’s right to exist is inextricably entwined with Palestine’s right to exist and the Palestinians’ right to self-determination. And. Yes, Israel has no right to exist as a criminal entity, practising open-ended occupation and apartheid and indulging in all forms of repression and savagery against a people whose only “crime” is nothing other than being non-members in the “chosen-tribe club” So, let the Zionists chase the mirage of the desert for as long as they wish.
In the final analysis, humanity is under no legal or moral obligation to accept, condone or tolerate Jewish apartheid in Palestine than it was to accept the apartheid of the former White supremacist regime in South Africa. Meanwhile the Zionists may seek to vent their endless frustration at humanity by threatening to unleash their stale scarecrow of anti-Semitism in the face of critics. It is too late for them. The peoples of the world have already wakened up. The magic has been annulled! and we will continue to tell the truth about the evil entity even if telling the truth is perceived as anti-Semitic
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