Is this stock halal? Islamic finance charts high-tech future


“Is it halal to buy shares in Tesla?” a young Muslim would-be investor asks on Twitter. Islamic finance — an amalgamation of Sharia law and modern banking — has become a $2 trillion business over the past two decades, covering everything from bond…

Tesla, the American electric car pioneer, for example, is considered 96 percent Sharia-compliant, according to the Zoya mobile application. The app screens US-listed stocks based on criteria issued by the Accounting and Auditing Organization for Isl…


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