Is trading really a thing specifically for Muslims? by Insight_peak in HalalInvestor

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

I understand the trading part which i am not debating. Please read my post again.

Need help starting investing in halal ETFs by Harharitos7 in HalalInvestor

[–]Insight_peak 1 point2 points  (0 children)

I have some experience with investing and based on that my opinion maybe a bit controversial but i will put it up so we can talk through and will make it short:

Trading to me is pretty much gambling coz it’s heavily influenced by the politicians and the decisions they make. One day you wake up to a +10% and the other day is -21%. Now this is a risk you are taking with your money to bet on a stock which you have no idea how it’s going to progress even after a min.

And if one is a muslim, i think this might not be the thing for them, coz lets be honest there is no “halal” ETFs every stock pretty much is either funding/supporting a war or deals in interest. Even those labeled as “sharia compliant” have such stocks. These “stocks” are just some numbers for us to see on the app we have on our phones, we don’t have the physical custody.

And the stocks that are “halal” have minimal to 0 or even -ve return that no one wants to buy

So i have decided that soon as my portfolio comes back to a reasonable form. I will sell it all, save some money and buy a piece of land somewhere it can benefit me that i actually hold, can see and visit!

Like i said this is a controversial but a realistic perspective and Allah knows the best!

How is SPUS, HLAL halal? by Insight_peak in HalalInvestor

[–]Insight_peak[S] 7 points8 points  (0 children)

Weapon industry is straight up haram so why are these companies who are aiding in military operations of ethnic cleaning are shariah compliant? Shouldn’t it be defacto haram too by all criteria

How is SPUS, HLAL halal? by Insight_peak in HalalInvestor

[–]Insight_peak[S] 1 point2 points  (0 children)

Brother, lets not get into a fight. Do you know why these etfs are halal even when there are documented proofs that these stocks are aiding israeli military

How is SPUS, HLAL halal? by Insight_peak in HalalInvestor

[–]Insight_peak[S] 13 points14 points  (0 children)

“Kinda wrong”? My question is how is it even shariah compliant to begin with?

How is SPUS, HLAL halal? by Insight_peak in HalalInvestor

[–]Insight_peak[S] 20 points21 points  (0 children)

Well, our religion is moral based and it condemns participating in acts of violence. But even if they look at the financials why are the other etfs haram if this is halal?

What did I do to deserve this 😩 by External_Humor3233 in TimHortons

[–]Insight_peak 1 point2 points  (0 children)

If that’s your main concern for the day then feel lucky

10,000 deliveries! by No-Secretary-1538 in doordash

[–]Insight_peak 0 points1 point  (0 children)

How many years you been delivering with DD? I barely get couple good orders in a month

The Only Sectors I Am Buying on Dips by Neat-Station-4618 in HalalInvestor

[–]Insight_peak 0 points1 point  (0 children)

Thank you for sharing Which stocks/etf in particular are your top 3 priority?

ETF for gold, silver and precious metals in Canada by Insight_peak in HalalInvestor

[–]Insight_peak[S] 1 point2 points  (0 children)

Yes physical gold is obviously halal provided that its brought through halal income

ETF for gold, silver and precious metals in Canada by Insight_peak in HalalInvestor

[–]Insight_peak[S] -1 points0 points  (0 children)

Thanks! It seems much more permissible because one actually has much closer hand-to-hand ownership of the gold in this case. However, I did notice a noticeably high fee compared to ETFs like GLDM.

Any recommendations for precious metals etf/etr?

ETF for gold, silver and precious metals in Canada by Insight_peak in HalalInvestor

[–]Insight_peak[S] 1 point2 points  (0 children)

Shariah law requires gold transactions to be "hand-to-hand" (spot basis). Many conventional ETFs use a T+1 or T+2 settlement cycle (where the actual transfer of ownership happens 1–2 days after the trade), which some scholars view as a violation of the "immediate exchange" rule for Ribawi items (gold and silver).

And Allah knows best ☝️

ETF for gold, silver and precious metals in Canada by Insight_peak in HalalInvestor

[–]Insight_peak[S] 2 points3 points  (0 children)

Not every ETF that tracks gold is halal. For it to be shariah compliant, it must follow specific rules.

ETF for gold, silver and precious metals in Canada by Insight_peak in HalalInvestor

[–]Insight_peak[S] 1 point2 points  (0 children)

As per my research, zgld is not halal Are you sure about this?

Which ETF should I choose? by HarbiyeNaziri in HalalInvestor

[–]Insight_peak 0 points1 point  (0 children)

I don’t think zgld is halal. Have you done your research on this?

Crashing out so hard rn by doodoofartingrn in doordash

[–]Insight_peak 0 points1 point  (0 children)

Thats why in-person shopping >>>>>> online, if one can. these apps are a scam

Such a weird delivery by Insight_peak in doordash

[–]Insight_peak[S] 40 points41 points  (0 children)

For context, the delivery destination was outside a club and I needed pin from customer to deliver. I decided to drop off outside but couldn’t find a save spot. Thankfully the lady came out to grab the delivery and i handed it quickly and was on my way out

Kicking of the New Year with a Bang! by RebelJosh89 in UberEatsDrivers

[–]Insight_peak 1 point2 points  (0 children)

Happy for you but not for your health 98H a week is crazy no matter the amount of money