iHilal has launched the
first regulated Islamic financial services web site to offer products
and services compliant with the Shari`ah (Islamic law). These principles
require that profits cannot be made from prohibited activities such
as alcohol production, gambling and pornography or from investment
in interest-based financial institutions. In addition, all wealth
creation should result from a partnership between the investor and
the user of capital in which rewards and risks are shared. The site,
www.iHilal.com, makes it possible for Muslims worldwide to purchase
Shari`ah-compliant stocks and mutual funds.