@unknown404 this is exactly my problem with the adapters of aaoifi standard. the first rule says the main activity of the company must be halal.
"making software" as main activity: totally halal
"making software for architects": totally halal
"making software for architects, riba-based banks...
@sbmor777 2 things:
1- the 5% rule is not for the main activity it is only for the non-activity related income
2- if a company is generating revenue from producing alcohol, does it matter the percentage?
@affreca personally i have seen companies who report 0 interest income. but i have not seen a company that doesnt take any loan
there are quite many actually, tickers: ROL, GPC, MCK, AOS, GWW, DHI and many more
@newcovenantheart A lot of people try to adhere to AAOIFI standards when trading in stocks. when determining whether a stock is halal or not the first rule is that the main activity of the company must be halal.
as per this rule, if a company deliberately sells its products and/or services to...