format_quote Originally Posted by
Ahmed.
Wahed investment is twisting an Islamic understanding which is, there will likely be some haram or improper earnings mixed with your earnings and paying of zakaat purifies that. But that don't mean we can deliberately set out to earn 5%haram and consider that halal.
The 'haram' or 'not hundred percent halal' that gets inevitably mixed with our earnings is due to weakness of us humans
Your post is perfect reply, that is exactly what i was thinking, it is zakat ( and charity ?) that purifies any mistakes, its not for deliberately doing it.
Also, if we follow the Wahed method, ie FITTING IN to your surroundings, we would never establish Islam.
trying to exist by squeezing or even twisting Islamic law into the current setup will always result in being enslaved to it.
Better to start to establish your own rightaway, if even the smallest seed.
Wahed wasted a great opportunity, imagine if they made it 0% haram, 100% halal, but then again, even that has issues, because the whole economic system is built around riba. Even if you dont riba yourself, you are still funding it, one way or another if your money system is connected, which i belive all Muslim banks and currencies are ? and if they are, then 1 billion Muslims are doing riba right now.
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The only alternative is to establish Islamic system, then it will be seperate, and halal.
All the leader would do is get gold, and issue 'money' tokens based on one to one basis. Not fractional. Thats it. Now Wahed can invest and use the halal money.