Islamic finance is growing rapidly worldwide. This guide covers the essentials.
Halal Investing Rules
- No riba (interest)
- No gharar (gambling)
- Asset-backed transactions only
AAOIFI Standard 21 Screening
- Business activity must be halal (no alcohol, gambling, tobacco)
- Total debt / Total assets < 30%
- Interest income / Total assets < 30%
- Accounts receivable / Total assets < 50%
Zakat on Investments
- 2.5% of portfolio value
- Held for 1 lunar year
- Exceeds nisab (~$5,000)
Tools for Halal Investors
Use automated tools for Sharia screening and Zakat calculation.
Need a Zakat calculator? Get my Excel sheet: https://helmadin.gumroad.com/l/vnotmy
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