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.

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