Stock Market: AAOIFI vs. Stricter Views
Avoiding Financial Pitfalls • Module 3 of 3
AAOIFI permits investing in stocks if they pass certain financial screens (e.g., low debt, low impure income). However, many stricter scholars, particularly in the Saudi tradition, argue this is insufficient. The parent company still deals with interest and engages in contracts with uncertainty. This platform adheres to the stricter view, avoiding public equities entirely in favor of direct, tangible asset ownership.
Platform Stance
While AAOIFI standards are respected, HalalFi adopts the more cautious approach to avoid any ambiguity, focusing only on investments where ownership and assets are 100% clear.