Is this stock halal? Islamic finance charts high-tech future


Tesla, the American electric car pioneer, is considered 96% Sharia compliant, according to the Zoya mobile application. — AFP Relaxnews

"Is it halal to buy shares in Tesla?" a young Muslim would-be investor asks on Twitter.

Islamic finance – an amalgamation of Sharia law and modern banking – has become a US$2tril (RM8.64tril) business over the past two decades, covering everything from bonds to buying cars.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Islamic finance

   

Next In Tech News

MCMC and Google still in talks over YouTube social media licensing
Head: CES ‘doesn’t have the same support’ from UK as other nations
TikTok’s live video feature ‘groomed’ minors, Utah AG claims
Man cyberstalked partner and caused lockdown at workplace, US feds say. He’s prison-bound
Space industry funding in India falls 55% in 2024, data show
US robbers steal US$500,000 in jewellery but get caught by tracking device
Samsung adds generative AI to best-selling TV lineup
CES 2025: At Las Vegas show, tech world turns to mental health tools
Man behind New Year’s attack visited New Orleans before, recorded video with smart glasses, FBI says
Mazda to build module pack plant in southwest Japan

Others Also Read