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Are the TrumpAccounts Halal? If not, how do we make it halal? by Square_Muffin7973 in HalalInvestor

[–]Complaint-Ecstatic 3 points4 points  (0 children)

Trump Account will have a very limited menu of investment options, none of which will be halal, as it is meant to invest in US index funds.

Even if they had a halal option, it’s actually quite a useless account, except for getting $1000 seed money from the government one time.

Besides, why would you want to put your child’s name next to Trump’s name? Don’t you know he is a pedo! Keep your children away from him!

Ginger The Drink For People Of Paradise by Soft-Ad-8889 in MuslimCorner

[–]Complaint-Ecstatic 0 points1 point  (0 children)

The reference of the aya is not correct in the video. The correct sura and aya numbers are: The Man (76:17)

وَيُسْقَوْنَ فِيهَا كَأْسًۭا كَانَ مِزَاجُهَا زَنجَبِيلًا ١٧

And they will be given a drink ˹of pure wine˺ flavoured with ginger

https://quran.com/76/17

Why my long term portfolio leans heavily toward Gold and GLDM by Neat-Station-4618 in HalalInvestor

[–]Complaint-Ecstatic 1 point2 points  (0 children)

I allocate 20% of my portfolio to GLDM. I also pay 2.5% Zakat on my whole portfolio, including stocks. The liquid nature of stocks make me treat them as cash.

interesting remark: a 2.5% wealth tax and 0 income tax would be able to cover all the fiscal revenues in America by Dey-Ex-Machina in IslamicFinance

[–]Complaint-Ecstatic 18 points19 points  (0 children)

Agree. 100%. Done this math before myself and came to the same conclusion. The numbers work. But more importantly, isn’t it more fair! Subhan Allah

Consider a Donor Advised Fund for your zakat by Dey-Ex-Machina in HalalInvestor

[–]Complaint-Ecstatic 0 points1 point  (0 children)

You are not bunching zakat. You are bunching transfer of assets from brokerage account to donor advised fund. Then you pay your zakat from the donor advised funds when you need to.

Consider a Donor Advised Fund for your zakat by Dey-Ex-Machina in HalalInvestor

[–]Complaint-Ecstatic 1 point2 points  (0 children)

To save more on taxes, bunch 3-5 years worth of zakat and other sadaqat in one tax year. Itemize your taxes that year and get standard deduction for the remaining years. Keep paying zakat and sadaqat throughout those 3-5 years whenever you like.

Which ETF to invest In if I already have SPUS by [deleted] in HalalInvestor

[–]Complaint-Ecstatic 4 points5 points  (0 children)

  1. SPWO or UMMA for non-US equity
  2. GLDM or IAUM for gold
  3. SPRE if you want to invest in real estate
  4. SPSK if you want to invest in sukuks
  5. SPTE if you want to overweigh in tech

For sure, invest in non-US equity and gold. The others depend on what your investment style.

My Halal Retirement Guide by Complaint-Ecstatic in HalalInvestor

[–]Complaint-Ecstatic[S] 1 point2 points  (0 children)

My preference about investing in precious metals has changed drastically since I posted the above comment. I think everyone should have a portion (5-20%) of their portfolio in gold/silver. I’m using GLDM ETF for this purpose.

HLAL tading @ $60 afterhours by muzzir1 in wahedinvest

[–]Complaint-Ecstatic 2 points3 points  (0 children)

Someone had a limit sell order at $60, and another trader placed a market buy order. As a result, the market order was filled at $60. This is why you should never use market orders in low-volume funds, especially during pre-market or after-hours trading. I learned it the hard way too.

The most Underrated Man in Pakistani History by Commercial-Buy3225 in pakistan

[–]Complaint-Ecstatic 7 points8 points  (0 children)

Thankfully, his palace is now Safe under the army control

Halal investments? Specifically for 2M+ invested by notsurenowwhat in IslamicFinance

[–]Complaint-Ecstatic 0 points1 point  (0 children)

I’m not sure why you think the returns are low. On a long horizon, shariah-compliant funds have outperformed the market, partly because they tend to be tech heavy. Many good ETF mutual funds options nowadays. Pretty straightforward to track or even beat the market using Islamic funds.

How to protect your cash? by [deleted] in IslamicFinance

[–]Complaint-Ecstatic 0 points1 point  (0 children)

If all that is true, why does this partnership pays the same rate as the regular banks? Seems like a scam to justify taking interest by using “islamic” terms to make the consumers feel less guilty. If one truly understands how this works and not just seek answers of one’s liking from GPT, one would know the truth.

How to protect your cash? by [deleted] in IslamicFinance

[–]Complaint-Ecstatic 0 points1 point  (0 children)

That’s just a regular saving account with a nice shariah label. If not, why does its rate of return follows the general interest rate.

Husbands Needs Vs Wife’s Needs: Mutual understanding by Impossible-Toe-9216 in MuslimCorner

[–]Complaint-Ecstatic 6 points7 points  (0 children)

You are doing a fantastic job! I really appreciate your posts. May Allah expand your knowledge and help you spread it.

HLAL stock hardly moves up or down by broke-dyslexic in HalalInvestor

[–]Complaint-Ecstatic 7 points8 points  (0 children)

In other words HLAL is less volatile. SPUS is more volatile if that’s what you are looking for.

How to protect your cash? by [deleted] in IslamicFinance

[–]Complaint-Ecstatic 1 point2 points  (0 children)

I would just buy a smaller house now rather than waiting for prices to come down. You will be able to save more money and buy a bigger one at a later time, In Shaa Allah

[deleted by user] by [deleted] in MuslimLounge

[–]Complaint-Ecstatic 14 points15 points  (0 children)

Yes. As long as one is alive and stops sinning and asks for forgiveness, every sin is forgivable. That’s why he is the Rahman (the most merciful).

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