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The word “Halal” in its simplest form means “permitted.” If an object or action is designated as Halal, its use is permissible under Islamic law. The opposite of Halal is “Haram,” which means forbidden.
Halal investing is also sometimes referred to as “Shariah-compliant” investing. What does this mean? Western discussions of Shariah law often focus on extreme interpretations of penal codes. But Shariah, which derives from the Qur'an and the religious teaching of Islam, is also applied to the finance sector, as well. In English, the word “Shariah” means “the path that leads to water.” In other words, it’s the means by which our thirst for guidance and social justice is quenched. We believe that Halal investing can be seen as part of a wider movement towards the promotion of sustainability as a key element of economic life.
At Azzad, we abide by the Seven Tenets of Halal Investing. These seven rules serve as the foundation of our ethical philosophy. They help us to grow client wealth in a Halal and responsible way.
The services and products described on this website are intended to be made available only to U.S. persons. This website does not constitute an offer or solicitation by Azzad of securities or services to any person residing outside the United States or in any jurisdiction in which such an offer or solicitation would be unlawful under the applicable laws. Before becoming a client, please read our firm’s part 2a of form ADV, appendix 1 (wrap brochure) and (if applicable) your representative’s part 2b. If you are an ERISA client, you should also read our Section 408(b)(2) disclosure. These and other important disclosures can be mailed to you by calling 888.862.9923.