Islamic Investment Opportunity Stocks Shares Equity Fund Finance Investing Wealth Creation Share

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 17, 2009 -- Assalamu Alaikum!!
Until recently all that most of us knew about Stock Market was it is located in some Dalal Street, Mumbai!! But now suddenly everyone’s interested in it.

• Why are people investing into stocks?
• What does Islam say on Earning, Saving and Investment?
• What is Shariah Compliant Investment?
• Is Shariah Compliant Investment as lucrative as regular investing?
• How can I invest in a Shariah Compliant Way?
Read on for an enlightening journey towards your financial freedom……

What is the Islamic Perspective on earning, saving and investment?

Islam is a way of life that includes all aspects of life, be they individual and social, material and moral, economic and political, legal and cultural, and national and international. In fact earning, saving and investing can become acts of ibadah or worship if done according to the Shariah, in Islam!

“The Shariah is based on wisdom, and on the interests of the people relating to the wordly economy and the Hereafter. It is wholly and solely justice, benevolence, expediency and wisdom. It is sine qua non of well being and success in this world and hereafter.”

Ibn Qayyim (I’lam al-Muwaqqi’in, vol 3. p,1 Maktaba Muniriah, Eygpt).

Earning..

Allah says in the Quran,
"Seek the other world by means of what Allâh has bestowed upon you" (Quran 28:77)

Prophet Mohammad s.a.w used to pray
“O Allah, I ask You for guidance, virtuousness and wealth”. (Bukhari) and

Saving..

Allah beautifully illustrates the importance of saving in the Quran. Narrating the life of Prophet Yusuf a.s. who takes charge of Ministry of Finance and successfully plans and implements “saving” the produce from first seven years, and using it later so they are not in shortage in years of drought.

Narrated 'Umar: The Prophet used to sell the dates of the garden of Bani An-Nadir and store for his family so much food as would cover their needs for a whole year (Bukhari)

Investing..

Umar(R.A) used to say: "trade with orphan’s wealth lest it be exhausted by (regular payment of) Zakat".

Islam clearly encourages savings and investments. Indeed, when Islam imposed Zakah, it required that wealth should be first save (since only if a person Saves will he reach nisaab) and also invest his savings (otherwise it would be exhausted by Zakah over a period of time if kept idle)

Why buy Stocks?

Whereas you can invest in many different ways like Bonds, Bank Deposits, real estate, gold, etc. the Stock Market has consistently outperformed all these sectors in the last 10 years or so. Indeed not even ‘big’ cash to invest in stocks and to add to if you needed cash for any emergency you can sell and get the cash in a day’s time, which is not the case with other assets like Real Estate.

How do I know if a company is ethical/ Shariah Compliant?

Wealth city does the hard work of screening the entire stock markets to give you a list of Shariah compliant stocks. We keep you updated of all the latest news and also recommend after extensive research.

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