Shakespeare’s character, Polonius, continues to delight audiences that watch Hamlet.
In the play’s first act, he gives his son some good advice. The younger man is getting ready to continue his education in Paris.
At one point, Polonius says: “Neither a borrower nor a lender be.” Muslims can relate. After all, Polonius’ words echo Shariah law.
When Muslims invest, they aren’t supposed to loan money that pays interest. That rules out bonds. The Koran says such interest would be usery, which is against Shariah law.
Muslims also have other faith-based investment principles.
They aren’t supposed to invest in financial institutions or companies that produce or sell alcohol.
They shouldn’t invest in companies associated with gambling, weapons of mass destruction, pornography or cloning.
That crosses plenty of investments off the list. But Muslims can still build stock market wealth.
If they buy low-cost, Shariah-compliant stock market funds, they can reap big rewards, while complying with faith-based principles.
Image by Pixabay
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