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@thriftypassenger If you go on IFG investments they say 6-7% annualized but they have: - setup fee 2.5% - management fee 10% - exit 15% So if I understand it correctly, you put £100, at the end of the year you have £106 (assuming 6%). Now we have £10 management fees and £2.5 for the setup...

@thriftypassenger I came across their website their fees are high like crazy high if I recall correctly!

@beardedyouthpastor Definitely the idea is to have a fixed % but given how markets are behaving now, fed and everything it’s not a safe place (positively correlated with s&p and looks only bonds are safe 🤷‍♂️)

@sbmor777 Thanks for sharing this :)

Asalamou Aakaykom I am interested in alternative investment options to real estate and shariah compliant products. Real estate requires a more important capital and for shariah compliant products I personally mainly don’t feel comfortable investing in them given that they all bear debt and tbh...

@noscentia The funny thing thing is that there is 25%, 30% and 33%. So they don’t really agree on this figure, which makes me less confident in there ruling saying that these shares are permissible knowing that a lot of companies that are considered shariah compliant are using debt to finance...

@17warner W alaykom al salam, I am still doing my research and not involved with any company yet. There is the tax aspect to factor in and I like to have a good understanding of their offering/market etc. That being said, I came across yielders which I found expensive in term of management fees...

@josephcamline Yes, as stocks are not shariah compliant (as all listed companies have interest bearing debts either way)

@outlawstate Regarding investing in the market, a lot of very known scholars like ibn baz and ibn athmeiin say that it’s only permissible to invest in companies that do not have any involvement in non permissible activities, no riba (debt with interest or any fixed income products) and nothing...

@brotherian Quick question shouldn’t the ratio be debt/total assets and not only equity or is a terminology used in this website?