islamic

  1. M

    What would be your dream Islamic Finance product?

    So, as my part of islamic finance course, we are required to present an idea to a bank’s top board about an Islamic product they should launch. I am persistent to endorse a product in consumer space. Hence, I was thinking what would be the dream finance product that isn’t Islamic yet. Or, even...
  2. R

    ETFs Beginner Qs

    Salaam and Eid Mubarak. I’m completely new to investing so please excuse my lack of knowledge. I’ve started putting in money into HLAL and plan to do so every month, not a lot but if my research is right ETFs are very long term investments. So my question is how does one benefit financially...
  3. S

    Have you ever been told Insurance is Haram?

    Have you been told Insurance is Haram? Have you ever thought about what would happen to your family if an illness or disability made you unable to work? Have you thought about insurance but were unsure about the Islamic Perspective? This Saturday at 1pm Central Time. There will be a...
  4. A

    wealthsimple etf launch tommorow?

    https://www.stockwatch.com/News/Item/Z-C!WSHR-3078543/C/WSHR https://www.neo.inc/en/live/security-activity/WSHR#!/market-depth
  5. R

    Can some1 help me understand if this means the company is making money from interest or what do it mean?

    So I want to understand balance sheets and company financials so I can know if they are in debt, if they getting money from interest etc... Lets use this company as an example: https://finance.yahoo.com/quote/AITX/ If I go to financials > income statement > and search with quarterly I see...
  6. N

    How to deal with 401k

    I am trying to save for retirement, but I am worried in the legitimacy of investments. My company offers only selected options for investments. Bonds, Money Markets, Equity (Large Cap/Mid Cap/Small Cap), Real Assets are some of the options. Within these I have different Managers/Investment...
  7. S

    Advise on my investments (noob)

    As Salaamu Alaikum So I’m based in the UK and have a gatehouse account (instant access at 4.9% aer). I also have a HSBC Islamic Global Index S&S ISA, however I’m concerned with using HSBC as they do support and help arm the Israeli occupation. I suppose I have two questions, is Gatehouse for...
  8. S

    Economic growth by interest-manipulation by central banks in islamic country? Real Islamic solution

    Selam aleykum. Lately I've been very busy with islamic finance, and how that might look in inshallah a future "real" Muslim country (let's call it country X). So the other day I was thinking about how central banks raise/lower the interest rate to stimulate the economy of the country in...
  9. A

    Am I allowed to do that?

    One scholar said, Intrest can be paid to Paid interest. Like fire will estunguish fire. Q. Can I pay my phone bill, or gym membership from the money I get from my bank. (bank paying Coz money is held in my account) when I don't use gym, or mobile service when I am on holidays for 2-3 months...
  10. H

    Zakat

    Assalamualaikum. I’m a uni student with some investments. Wanted to clarify some things regarding zakat. So do I have to pay 2.5% of my investments or 2.5% of all my savings and investments? I do not work so all my savings and investments come from my parents. I understand there’s a seperate...
  11. G

    Buying a house in a non-Muslim country

    Assalamu Alaikum, I have a serious question regarding buying a house in a non-Muslim country. I'm very well aware that buying a house through a traditional mortgage is haram due to interest, while the 'halal' mortgage options in the UK are almost prohibitive in price, almost ruling out any...
  12. N

    Looking for CTO - Inclusive Islam R&D Lab

    Looking for CTO - Inclusive Islam R&D Lab [Hiring] Startup "Inclusive Islam R&D Lab" is looking for a CTO to join its Team Job Type: CTO Job Mode: Remote, Online, Part-Time (at the moment) Startup Location: South Korea Salary: Stock Options/Equity will be offered, (Regular Salary once...
  13. L

    MyRizq Relaunch!

    Salam Everyone 👋 We are relaunching MyRizq! There have been a few technical issues however they are now fully resolved! https://myrizq.com/ You are invited to join MyRizq. Find Halal Stocks, Keep track of your spending habits, Determine your Net worth, and Automate your Zakat. Your Rizq all in...
  14. R

    Looking for some advice on long-term growth for my TFSA account

    I recently just turned 18 from CANADA and I want to start investing around $100 monthly into my TFSA and will grow that amount in the upcoming months and was wondering if these ETFs are worth it. Also how much of my investment should I be allocating to each one? Should I remove certain ETFs, or...
  15. R

    What to do with money

    Aoa. I don’t know what to do based on my current situation. I have around 1,000 in savings. I’m 22 years old, south Asian and don’t plan to move out anytime soon. I am also studying in uni. I have 2 years left. I’m making minimum wage in Canada working 8 hours per day for 3 days only. In our...
  16. A

    Assalamyuallikum. Who decide shariah compliant?

    Whats the criteria for making stock halal. Some say it's 3 % haram, some say 5 %. What's the Islamic backing behind this? Isn't what's haram is Haram? Why we have this 3 % thing?? Anyone explain pls.
  17. M

    401k/IRA/Roth

    Salam I have a 401k through Fidelity from my employer; it a mutual fund and has done quite well over the 10 years of employment. HOWEVER, the fund is most likely not shariah-compliant. Top 10 holdings (~50% of fund): NVIDIA CORP APPLE INC AMAZON.COM INC MICROSOFT CORP ALPHABET INC CL A...
  18. P

    Seeking Expert Advice on Pension Fund and Contribution Options

    Aslaamu Alaykum I trust this message finds you in good health. Approximately 1.5 years ago, I enrolled in my company's pension scheme with Scottish Widows, specifically investing in the "Specialist Global Equity Pension (Series 2)" fund. I have a couple of vital inquiries and would greatly...
  19. A

    I bought a a cryptocurrency coin I made a lot of money but I think its not halal

    Hi. 1 year ago, I bought a coin called AAVE. I did not do my research at that time. Today I found out that it worth nearly 1 bitcoin, which is nearly 60k. After a little research, I found out that It is a platform for lending coins/money with intrest. Now I think it is not halal. I'm not sure...
  20. B

    Multiple education savings accounts

    I am looking to save for my kid’s college expenses. I can’t find halal 529 plan options so I am thinking of opening ESA but the problem is it says annual limit is $2,000. I don’t think that will cover all of college expenses for the kid even if my ESA outperforms market. I am wondering if...
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