Islamic Finance Basics: Why Riba Is Prohibited and Halal Ways to Save and Invest

Is a savings account halal? What about FDs, gold schemes, mutual funds and shares? This bilingual guide explains what riba is, why the Qur'an and Sunnah forbid it, the contracts Islamic finance uses instead (murabaha, ijarah, musharakah, mudarabah, sukuk), how Shariah screening of shares works, and a six-step halal money plan for savers in India.

Imranul Haque Noor

Nov 13, 2026

10 min read0 views