… But Allah hath permitted Bai’ (trade) and forbidden Riba’ (usury) … (Quran: Al-Baqarah, 275)

In this light, Allah mentioned in the Quran that trading is permitted, however, it must adhere to certain basic principles. Trading or investment must not involved with the non-allowable elements which includes Riba’ (interest or usury), Maisir (gambling) and Gharar (uncertainty). It is also prohibited to get involved in manufacturing or trading in Haram products such as liquor, pork and meat that is not slaughtered according to Islamic riles and any other activities against the Islamic teaching

 

The word “Halal” in its simplest form means “permitted.” If an object or action is designated as Halal, its use is permissible under Islamic law. The opposite of Halal is “Haram,” which means forbidden.

Halal investing is also sometimes referred to as “Shariah-compliant” investing. What does this mean? Western discussions of Shariah law often focus on extreme interpretations of penal codes. But Shariah, which derives from the Qur'an and the religious teaching of Islam, is also applied to the finance sector, as well. In English, the word “Shariah” means “the path that leads to water.” In other words, it’s the means by which our thirst for guidance and social justice is quenched. We believe that Halal investing can be seen as part of a wider movement towards the promotion of sustainability as a key element of economic life.

At Sahara, we offer innovative Shariah Compliant Solutions to meet all your insurance needs and  financial goals from the most respected companies in the industry.

Our Services Includes;

• Islamic Retirement Solutions through investing in Shariah Compliant Asset Classes
• Islamic Education Schemes
• Islamic Savings
• Islamic Wealth Management Solutions
• Takaful