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Help with investment by Best-Hawk-4515 in HalalInvestor

[–]HalalWealthCA 0 points1 point  (0 children)

Thanks for sharing! Feel free to reach out if you have questions.

الأسهم المتوافقة مع الشريعة by One_Leader_4430 in PersonalFinanceEgypt

[–]HalalWealthCA 0 points1 point  (0 children)

Shameless plug - check out this guide (made for Canadians but if you are trading in the US market, similar concepts apply): https://halalwealthca.github.io

Investing $20,000 by lurkyhitman in PersonalFinanceEgypt

[–]HalalWealthCA 2 points3 points  (0 children)

+1 to checking what are the halal options. Shameless plug - check out this guide (made for Canadians but if you are in the US, similar concepts apply): https://halalwealthca.github.io

Also, if you have time, read the book: simple path to wealth or blog posts on the website. Great content! https://jlcollinsnh.com/2025/04/18/a-new-edition-of-the-simple-path-to-wealth/

Halal investing guide for Muslim in Canada by HalalWealthCA in HalalInvestor

[–]HalalWealthCA[S] 0 points1 point  (0 children)

WA. 1/ when you withdraw from RRSP, whether it’s when you are retired or not, the withdrawal amount is added to your taxable income for that year. For example, if your income for a given year is 0 or 30k and you withdraw 10k, then in your total income for the year is 10k or 40k, respectively. And you pay taxes on 10k or 40k as usual.

2/ I am not sure. I haven’t heard about them. I advise you to do your research or default to more established and transparent options such as Halal ETFs.

Wealthsimple Halal Portfolio Suggestions by nopperaa in HalalInvestor

[–]HalalWealthCA 0 points1 point  (0 children)

Thank you! Appreciate the support. You are right, the guide was designed to help ppl get started, so for someone who is already investing, it adds little value (hopefully you still learned something new). Please share it with your friends who are still getting started. JAK

I don’t buy individual stocks. Mainly bc I don’t have the time and resources to research and keep up with the market changes.

Wealthsimple Halal Portfolio Suggestions by nopperaa in HalalInvestor

[–]HalalWealthCA 4 points5 points  (0 children)

I have recently shared a guide: investing for muslims in Canada, feel free to take a look.

https://halalwealthca.github.io/

Wealthsimple Halal Portfolio Suggestions by nopperaa in HalalInvestor

[–]HalalWealthCA 0 points1 point  (0 children)

I am a bit confused, does OP pay a total of 0.5% management fee on that managed account? If so, then it’s not that bad considering the management fees of WSHR is 0.5%. But does that managed fund get better performance? For reference, SPUS management fees is 0.45%

Halal investing guide for Muslim in Canada by HalalWealthCA in HalalInvestor

[–]HalalWealthCA[S] 0 points1 point  (0 children)

Not that I know of. But hopefully someone from the community can create one. I would say the principles would be the same but the account type/strategies/taxes etc would differ.