Fake Halal

Telegram channels “Zainab | Halal Finance” and “Zainab Muslimova” promote “halal investment” opportunities involving an allegedly official trader of the Murabaha Trade Sharia-compliant exchange. Users are promised up to 1 million KZT in just a few hours. In this video, we examine the warning signs that may indicate fraud.

Telegram is being used to promote “halal investment” opportunities with promises of earning from 850,000 KZT. In this video, we examine the warning signs that may indicate fraud.

Telegram is being used to promote “halal earnings” and “halal trading” opportunities with promises of high returns within just a few hours. To build credibility, claims of Sharia compliance, certificates, and other materials creating the appearance of legitimacy are used. In this video, we examine the warning signs that may indicate fraud.

Telegram channels “Fayaz | Murabaha Trade” and “Timur | Murabaha Trade” promote “halal earnings” through the Murabaha Trade platform. Users are asked to invest from 18,000 KZT and are promised returns starting from 800,000 KZT in just 3 hours, along with claims of a 100% money-back guarantee. In this video, we examine the warning signs that may indicate fraud.

Telegram is being used to promote "halal investments" with promises of quick, guaranteed, risk-free returns. In this video, we explain how this scheme works.

Telegram is being used to promote cross-currency crypto arbitrage as an earning opportunity. To build credibility, an identity document, a license, and other materials creating the appearance of legitimacy are used. In this video, we examine the warning signs that may indicate fraud.

The Spiritual Administration of Muslims of Kazakhstan (SAMK) has announced new initiatives related to the development of Islamic finance and the launch of an AI imam.

According to the announcement, a specialized Islamic finance division will be created, along with a digital assistant designed to answer religious questions and help users with everyday Islamic inquiries.

The Astana International Financial Centre (AIFC) has announced the creation of an International Advisory Council on Islamic Finance.

The council includes experts from leading Islamic finance jurisdictions. Its role is to provide recommendations on legislation, Sharia governance, capital markets, sustainable finance, digital solutions, and international cooperation.

The initiative is presented as a step toward developing Islamic finance and improving financial literacy in Kazakhstan.

Where should a Muslim turn with financial questions?

The full video of the conversation with an imam is available in the Public Dialogue series.

What are halal investments, what criteria define them, and how can you avoid investments that are considered impermissible?

The full video of the conversation with an imam is available in the Public Dialogue series.