1

A company that does not involve in Riba transactions. Is there such a company?

ISlam q and A has been useless with providing examples of such companies...

Perhaps some here knows...

Thank you, Salaam Alaykum

  • How do you understand Riba to begin with? There are many companies that do not lend on a interest fee. – Sayyid Feb 17 '16 at 1:40
1

This is typically a very hard question to answer, because it is not dealt with in the Islamic tradition so anything you can read would be some mufti saying something that may or may not contradict another mufti.

In this link for example, they give figures such that

"the total debt of the company should not exceed 45% of the total asset"

or

"total income from haraam sources should not exceed 5% of the total income. Further the total investments of the company in non-Sharia compliant activities should not be more than 33% of the total assets of the company."

I don't know how they arrived at these figures, you may want to look for opposite views before you make your choice.

If you want to find islamic compliant businesses to invest in, try searching for what is called "Islam index".

There are many such companies (there are 4 in the London Stock Exchange for example). I would consider all these "nearly" halal so I will not influence your choice further.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.