Modern Money
Can I buy life insurance as a Muslim?
Most scholars say avoid conventional life insurance due to uncertainty and interest. Takaful is the Islamic alternative. Here's why.
Topic
Interest, mortgages, investing, crypto, insurance and gambling. Short, honest answers for new Muslims.
Most scholars say avoid conventional life insurance due to uncertainty and interest. Takaful is the Islamic alternative. Here's why.
Conventional mortgages involve interest, which most scholars forbid. Islamic home finance is the main alternative. Here's how it works.
It depends on how you use it. Interest is forbidden, but many scholars allow a card paid in full monthly. Here's both views and how to clear old debt.
No. The lottery is gambling, and so are scratch cards and paid raffles. Here's what's allowed instead, and what about winnings from before Islam.