{"id":287,"date":"2008-09-18T14:36:03","date_gmt":"2008-09-18T14:36:03","guid":{"rendered":"http:\/\/blog.beliefnet.com\/stevenwaldman\/2008\/09\/sharia-law-for-the-stock-marke.html"},"modified":"2008-09-18T14:36:03","modified_gmt":"2008-09-18T14:36:03","slug":"sharia-law-for-the-stock-marke","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/stevenwaldman\/2008\/09\/sharia-law-for-the-stock-marke.html","title":{"rendered":"Sharia Law for the Stock Market"},"content":{"rendered":"

“Do not buy fish in the sea, for it is gharar <\/em>.”
\n–Islamic Hadith
\nGharar<\/em> means “speculative and risky.”<\/a> This hadith, a saying of Muhammed, suggests waiting until the fish are actually caught before plopping down good money. In other words, avoid transactions in which the financial commitments become too distant from the underlying goods.
\nSort of sounds like Muhammed was against sub-prime mortgages and deriviatives.<\/p>\n","protected":false},"excerpt":{"rendered":"

“Do not buy fish in the sea, for it is gharar .” –Islamic Hadith Gharar means “speculative and risky.” This hadith, a saying of Muhammed, suggests waiting until the fish are actually caught before plopping down good money. In other words, avoid transactions in which the financial commitments become too distant from the underlying goods.…<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-287","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSharia Law for the Stock Market - Steven Waldman<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/stevenwaldman\/2008\/09\/sharia-law-for-the-stock-marke.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sharia Law for the Stock Market - Steven Waldman\" \/>\n<meta property=\"og:description\" content=\"“Do not buy fish in the sea, for it is gharar .” –Islamic Hadith Gharar means “speculative and risky.” This hadith, a saying of Muhammed, suggests waiting until the fish are actually caught before plopping down good money. In other words, avoid transactions in which the financial commitments become too distant from the underlying goods.…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.beliefnet.com\/columnists\/stevenwaldman\/2008\/09\/sharia-law-for-the-stock-marke.html\" \/>\n<meta property=\"og:site_name\" content=\"Steven Waldman\" \/>\n<meta property=\"article:published_time\" content=\"2008-09-18T14:36:03+00:00\" \/>\n<meta name=\"author\" content=\"swaldman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sharia Law for the Stock Market - Steven Waldman","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.beliefnet.com\/columnists\/stevenwaldman\/2008\/09\/sharia-law-for-the-stock-marke.html","og_locale":"en_US","og_type":"article","og_title":"Sharia Law for the Stock Market - Steven Waldman","og_description":"“Do not buy fish in the sea, for it is gharar .” –Islamic Hadith Gharar means “speculative and risky.” This hadith, a saying of Muhammed, suggests waiting until the fish are actually caught before plopping down good money. 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