As Muslims, we know the seriousness of having a halal income and avoiding haram ones. However, there are tons of temptations and so called Sharia-compliant investment calling us to muddle with companies that deal with haram or earn haram income.
The return of those investment may look attractive to you, but in reality you are losing in this life and the hereafter.
يَعِدُهُمْ وَيُمَنِّيهِمْ وَمَا يَعِدُهُمُ الشَّيْطَانُ إِلَّا غُرُورًا
He [Shaitan (Satan)] makes promises to them, and arouses in them false desires; and Shaitan’s (Satan) promises are nothing but deceptions. (An-Nisa 4:120)
Here is an excerpt of NY Times Op-Ed of Paul Krugman
Last week the Federal Reserve released the results of the latest Survey of Consumer Finances, a triennial report on the assets and liabilities of American households. The bottom line is that there has been basically no wealth creation at all since the turn of the millennium: the net worth of the average American household, adjusted for inflation, is lower now than it was in 2001.
At one level this should come as no surprise. For most of the last decade America was a nation of borrowers and spenders, not savers. The personal savings rate dropped from 9 percent in the 1980s to 5 percent in the 1990s, to just 0.6 percent from 2005 to 2007, and household debt grew much faster than personal income. Why should we have expected our net worth to go up?
Here you can see the “growth” graph of Dow since 1966.
May Allah grant us Halal bucks
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