Indian Muslims see appeal of Sharia-compliant stocks on the local bourse
Muslims are changing their perspectives on halal and haram stocks following online education courses.
Mumbai: The Muslim participation in India's share market had been negligible with the majority of the population’s 180 million Muslims being averse to investing in the financial markets because of the interest involved.
Islam forbids the community from making income from interest. Charging interest on loans is prohibited as it is not considered an equitable form of transaction.
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Shuriah Niazi