Salam alaykum sheikh, I invest in the stock market in companies deemed halal by AAOIFI and are involved in a halal business. AAOIFI states interest bearing debt should not exceed 30% of the market cap, is this really shariah compliant?
Yes. AAOIFI is one of the highest Sharia compliance boards in the world.
In Canada, there's only one financial company that has attained AAOIFI certification which is Manzil.ca
In Canada, there's only one financial company that has attained AAOIFI certification which is Manzil.ca
Liked by:
Muhammad Ragab