Al-Tirmidhi Hadith No:2828 Narrated by AbuHurayrah: Allah's Messenger (Peace Be Upon Him)
said, "On the night when I was taken up to Heaven, I came upon people whose bellies were like
houses and contained snakes, which could be seen from outside their bellies. I asked Gabriel
who they were and he told me that they were people who had practiced usury." Ahmad and
Ibn Majah also transmitted this Hadith.
Every member of the Islamic Community should fear Allah and strictly avoid Usury directly or
indirectly. For this reason one cannot deprive himself from generating wealth with Allah's grace.
This is where
HALALMONEY.ORG steps in and guides the Islamic Community towards a Wealth
Generation - Within Islamic Shariah. Remember Allah had said that if you keep yourself away
from usury, you will prosper.
It is often misunderstood at large by the members of Islamic Community that Stock Exchanges
are Gambling Dens and thus Investment & Trading in Equity Shares is an unethical or forbidden
way of investment. This understanding is wrong, if we carefully understand the criteria of
investments only in the Shariah Compliant Stocks. But any form of swing trading, margin trading,
day trading, short selling or trading in Options & Derivatives is prohibited. The investment has
to be done on the based on the Line of Business and the Financial Ratios of a Company.
The list of such
Shariah Compliant Stocks have been provided by us.