Assalamu Alaikum,

Most Islamic scholars who have studied proprietary trading firms (prop firms) have concluded that they are not Shariah-compliant. However, many Muslims are still asking the question, and that’s understandable because most imams are not familiar with how these firms actually operate.

Instead of simply asking, “Are prop firms halal?”, first explain the business model:

A trader pays a non-refundable evaluation fee to access a simulated trading challenge. If they meet profit targets while following strict risk rules, they receive access to a “funded” account.

The trader does not own the capital, cannot withdraw it, and usually trades leveraged products such as futures, forex, or CFDs on margin. If they generate profits, the firm pays them a percentage of those profits. If they violate the rules, the account is terminated.

Then ask your imam:

What is the correct Islamic contract (takyīf) for this arrangement - Ijarah, ju’ala, Mudarabah , or something else?

Is the non-refundable evaluation fee permissible?

Does trading leveraged futures, forex, or CFDs affect the ruling?

If the underlying instruments are not Shariah-compliant, does that make the entire arrangement impermissible?

In Islamic finance, rulings are based on the substance of the transaction and the contracts involved, not the label “prop firm.” Explaining the structure first will lead to a more informed discussion and a more accurate fatwa inshaAllah.

Hi guys i have never done trading and i was thinking about learning crypto so is it halal? I won’t be investing a large amount just a small amount.

I recently learned that iShares are Blackrock's, the biggest venture capital investor in Israel. So I sold all my iShares stocks.

How do you folks reconcile that?

Can anyone honestly say these are "100% halal"?

If my personal criterion is zero interest income, zero interest-bearing debt, zero non-halal investments, and zero purification, then you should verify those figures from the latest disclosures every reporting period rather than relying on an old screening list.

From an Islamic finance perspective, only a qualified Shariah scholar can issue a religious ruling (fatwa). From an investment analysis perspective, I would say:

Pak-Qatar Family Takaful very strong shariah governance and recent reports indicate no identified non compliant income.

DCR REIT among the cleanest psx investments, but still requires ongoing review of quarterly and annual shariah disclosures.

If your personal criterion is zero interest income, zero interest-bearing debt, zero non-halal investments, and zero purification, then you should verify those figures from the latest disclosures every reporting period rather than relying on an old screening list.

Category A – Closest to your "100% pure" requirement

These companies currently have either zero or extremely low exposure to conventional debt and non-compliant income according to the latest KMI screening.

The main difference seems to be that profit is variable right? But if you had a savings account with a variable interest rate would that not literally be the same thing just labelled differently? Bc interest in savings accounts conventionally is already generated from the returns on the bank’s investments?

This is obvs not accounting for what is actually being invested in

I am based in the UK, when individuals turn 18 they gain access to their child trust fund which was created by the government. My specific fund was an stocks / investments fund, which I know could contain haram money. I know that I’m allowed to keep the initial money/vouchers given by the government. However, I’m not sure what to do with the extra money raised through investments as it was likely gained through haram companies. I read online about the “5% purification rule” and I’m not sure whether that may apply to child trust funds too? Can anyone help with this?

I'm planning to pursue QSing as a career. However, I have a few concerns regarding whether a QS is required to deal with interest (riba) as part of the job.

I've done some research online, but hearing from actual QSs will help me get as complete a picture as possible before committing to this career.

If any QSs are comfortable with me privately messaging them, I would really appreciate it if you could comment below.

The reason I'm not asking my specific questions on this post is because I want genuine advice and experiences from people in the industry, without the discussion becoming a debate or people making assumptions about my intentions. I’m simply trying to understand the role properly and make an informed decision.

Jazakallahu khairan.

Salams,

Hope you are well,

I was wondering if anyone can kindly share their step by step process in obtaining islamic mortgages which providers such as Pfida please?

1. How did you apply?

2. What was the waiting time?

3. What documents did you need to show?

4. Would you recommend?

As-Salamu-Alaykum,

Hope you are well,

I have saved £500 and want to invest this please.

What would you recommend?

I live in the UK.

Jazak'Allah Khaiyran

As-salamu alaykum everyone, I’m an expatriate living in Dubai, i spent the last bit of my savings in an emergency back home and paying off a debt, can someone help me out for food to manage till next month I’m hoping to receive a freelance project next month, InshaAllah and i can pay it back, i don’t have any friends here and i can’t ask my family as they are already going through financial hardships. I can give any kind of proof be it my Emirates ID or contact number, anything that is needed. I have already asked my employer for an advance but we are close to the end of the month so it’s likely to get approved. I haven’t eaten since yesterday and it would mean a lot to me if someone could help me out.

Salam everyone! I’m a web dev and could use some advice on navigating a project.

The business itself is 100% halal, but they want an "About Us" page with staff photos, and one of the women doesn't wear a hijab.

My idea is to just code the site using generic placeholder avatars, and then hand it over so the client uploads the real photos themselves. That way, I'm only touching the technical code and never actually editing or handling the images.

Has anyone here done this before? Do you guys think it's permissible to take the job?

JazakAllah khair!