Carolina
Fri Jun 07 2024
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6 answers
1646
Are Muslims allowed to buy stocks?｜, but certain aspects of investment practice - such as charging or paying interest - are not. This has traditionally meant a lack of opportunities for Muslim savers and investors in the past. Investing is permitted under Islam
Could you clarify for me whether Muslims are permitted to engage in stock purchases? I've heard conflicting information about whether investing is allowed for Muslims, and it's quite confusing. I understand that some aspects of investing, like charging or receiving interest, are not allowed. But does this mean that Muslims are precluded from investing in stocks altogether? Given that investing is generally permitted under Islamic law, how do Muslims reconcile these principles with the practice of stock investing? I'm keen to understand the nuances of this matter and how Muslims approach it.
BlockchainLegendary
Thu May 23 2024
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5 answers
1121
Is Hong Kong interest 360 or 365?
Could you please clarify for me: when calculating interest rates in Hong Kong, is the standard basis 360 days or 365 days? This detail seems crucial in accurate financial calculations, and I'm eager to understand the local convention. Would it be possible to provide some insight into this matter? It would greatly assist me in my financial planning and decision-making. Thank you in advance for your clarification.
