Islamic investment, also referred to as halal investment, refers to financial activities that adhere to sharia. This is a profitable growing global islamic-compliant phenomenon practised in over 70 countries across the globe including the United Kingdom, Canada, the United States of America, the United Arab Emirate, Malaysia, China, Singapore, South Africa, Kenya etc. It is an alternative financial service offering which is open to all irrespective of race or religion.
It is based on the ethical principles of fairness, transparency and integrity. Halal investment as a non-interest investment scheme offers nearly all the services of conventional orbit.
The principles of this form of investment are derived from the the central religious text of Islam hence, all transactions must be compliant with the legal code of Islam. The rules that govern commercial transactions in Islamic investment are referred to as fiqh al-muamalat.
This is a very common strategy in the trading world, but it’s mostly been a tool of large financial institutions. With the democratization of financial markets thanks to cryptocurrencies, there might be an opportunity for cryptocurrency traders to take advantage of it, too.
The basis of this form of investment is based on a profit-sharing principle, where the risks are shared by the orbit traders and the client, contributing to a more equitable distribution of income and wealth.
Halal investment is about conducting business in a fair and transparent manner therefore, is not restricted to muslims only and is available to non-muslims as well.
Moreover, experiences of recent years have already indicated that the interest of people in halal investment goes beyond only Islamic investors. The UK is said to be the hub of halal investment in the world, yet only a minor fraction of its population are muslims.
©2013-2023 Orbit Traders Orbit. All rights reserved.
