Washington DC (PRWEB) August 29, 2012
"Money can be moral. Profit can be pure" halal Investing for the masses--that is the theme at this years ISNA (Islamic Society North America) annual convention for halal-compliant investment house, Noriba Investing. They will be showing Muslim traders and investors how to make investments that are considered "halal" or permissible under Islamic financial law. Noriba Investing expects a big turnout this year and anticipates a flood of new clients making the switch to financial services that meet both their investment needs and uphold their faith.
For many traders, Islamic investment guidelines remain a major consideration in deciding their investments or outlays. In accordance with their religious beliefs, Muslim investors are not only allowed but encouraged to participate in the markets in an ethical manner and invest in companies and funds that adhere to their lifestyle standards. For example, Muslims can only buy shares in companies that manufacture products and use methods that are considered halal or ethically "permissible". They cannot invest in companies that engage in "haram" or forbidden practices like arms and alcohol.
Additionally, in the financial world of halal, any business engaged in interest as a means to earn income is not permissible because interest or "riba" is considered exploitative and unjust.
For anyone attending the ISNA convention, they can visit Noriba Investing's sponsor booth located at the front of the exhibit hall #500 and #502. They are also hosting an information session about Islamic Finance Beyond the Mortgage industry - How Halal investment Principles are applicable in Everyday Life:
Saturday, September 1st, 2012
ISNA Convention, Washington DC Convention Center
Session 6F, Room# 154 AB
11:30 am – 12:45 pm
About Noriba Investing
Noriba Investing offers trading and advisory services on the rudiments of Halal investing practices to individuals, business owners, and religious institutions. The company hosts a unique online investing platform. They offer a flat trade fee for self-directed ($10), and conducts mutual fund orders at $15 per trade. Noriba Investing’s name reflects their mission: riba means “interest” in Arabic.