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Where do I begin ?
@juliussneezer Of course! A standard brokerage account like Fidelity is compliant (it doesn't accumulate interest like regular savings accounts, granted you are not (automatically) invested in their market fund, SPAXX, you need to invest money to grow it). It will stay compliant, granted you...- oneway123
- Post #10
- Forum: Islamic Finance
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Where do I begin ?
@juliussneezer And to add, a Roth IRA is a retirement account that has great tax benefits. There are thousands of videos on YouTube that explain it, I suggest you check it out!- oneway123
- Post #8
- Forum: Islamic Finance
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Where do I begin ?
@juliussneezer You're welcome! Fidelity is just a brokerage. You can create a brokerage account (basically a savings account where you can invest!), this doesn't change the Shariah compliance. What you have INVESTED in the brokerage account is what matters. We, as Muslims, don't want any...- oneway123
- Post #7
- Forum: Islamic Finance
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Where do I begin ?
@juliussneezer Salam! This is just general information, not financial advice, hope it helps! Wahed does everything for you; you just invest money and choose a risk level. Fidelity, on the other hand, gives you much more control, you choose what stocks/ETFs you want to buy into. I have both, a...- oneway123
- Post #5
- Forum: Islamic Finance