It was a series of doubts that brought Sameer Azam to start the investment firm Absolute Wealth Management. After a few years of working in the financial sector, he started to question what he was really doing. He was offering investment solutions, helping people grow their wealth—but how about the details? What if some companies are selling alcohol, dealing in interest, damaging the environment, or harming the health of their workers? If he encourages clients to buy shares in companies that are doing impermissible or ethically questionable things, would their and his own income be halal?
One of the biggest challenges Muslims face when it comes to reconciling their faith with their finances is home ownership. With house prices starting in the hundreds of thousands of dollars, how is it possible to buy a house without borrowing money through an interest-based mortgage?