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{"id":1595,"date":"2002-09-27T09:30:10","date_gmt":"2002-09-27T14:30:10","guid":{"rendered":"http:\/\/www.patheos.com\/blogs\/altmuslim\/?p=1595"},"modified":"2002-09-27T09:30:10","modified_gmt":"2002-09-27T14:30:10","slug":"what_makes_a_particular_stock_halal","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/altmuslim\/2002\/09\/what_makes_a_particular_stock_halal\/","title":{"rendered":": What Makes A Particular Stock “Halal”?"},"content":{"rendered":"\n<\/head>

While the idea of Islamic investing<\/a> has been gaining favor with Muslims over the past few years, it is becoming increasingly difficult to come up with a generally accepted definition of a halal investment. It\u2019s easy to avoid companies that market goods Muslims consider \u201cimpure\u201d (Here\u2019s a tip \u2013 shun businesses listed in this \u201csocially irresponsible\u201d Vice Fund<\/a>), but nearly every company has some dealing with interest income, which violates the Muslim ban on usury. To get around this, some scholars calculate a company\u2019s \u201c impure income ratio<\/a>\u201d \u2013 if it is low enough, it qualifies. But there are other issues that haven\u2019t been considered yet. At a session on Islamic investing at last month\u2019s ISNA<\/a> convention in Washington, a young Muslim environmentalist questioned<\/a> why Exxon was on the approved list. \u201cGood point,\u201d one of the Islamic investment gurus said. \u201cWe need to look into that some more.\u201d<\/p>\n

<\/i><\/p>\n

Shahed Amanullah is editor-in-chief of altmuslim.com.\n<\/p>\n

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