Producers, broadcasters and distributors of music, television shows and movies are included in this category. Mass destruction means killing innocent people and therefore it is forbidden in Islam.īiological cloning can be considered as fidgeting with the creation of God and that is why it is Haraam. Weapons are used for violence and mass destruction. This makes a person rely upon luck, chance and often unrealistic possibilities in place of hard work and perseverance. Gambling is a game of chance which is addictive in nature. It is considered to be promotive of adultery which is haraam. Pornography is considered filthy and immoral in Islam. This is because it increases the economic gap between the rich and the poor and is exploitive in nature. Interest is termed as Riba in Islamic law. It is an intoxicant and its consumption is Haraam.Ĭonsumption of tobacco is injurious to health therefore it is haraam. And if the company is involved in haram activities(pornography) or sells products that are prohibited in Islam(Alcohol) then we are indirectly investing to support these haram activities. This step is essential because when we invest in the shares of a company, we own a small share of that company and in turn support the business of that company. FIND OUT IF THE COMPANY DEALS WITH HALAL OR HARAM ACTIVITIES: This step involves finding out the nature of activities carried out and products sold by the company.Following are the steps to screen and find a halal stock : These criteria are very crucial to follow while dealing with the stock market to ensure that the earnings gained are halal. The stock screening criteria are nothing but guidelines that help to decide if the stock is halal or haraam. In order to gain halal income by investing in the stock market, Islamic scholars and the Ulema e deen have laid down some criteria to screen the stocks before investing.
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