The Islamic Investment Ideology has the following norms, to name a few.
- Should not indulge in Riba (interest).
- Should not indulge in Maysir (speculation), which is involvement in speculation and gambling transactions.
- Should not indulge in Ghara (vague), which is uncertainty about the terms of the contract or the subject matter, e.g. prohibits selling something which one does not own.
- Investments should not be made in businesses dealing with alcohol, drugs, gambling, armaments, etc. which are also considered unlawful and undesirable.
Posted in: General