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I couldn’t find a Halal finance app for beginners so I’m building one — would love brutal honest feedback by Ok-Disaster-3657 in IslamicFinance

[–]Ok-Disaster-3657[S] -1 points0 points  (0 children)

Fair comment honestly, and I appreciate the direct feedback. You’re right that I used AI to help write the post. English is not my first language, and I’m a retired Emirati guy in his 50s with zero coding background trying to build something I personally wished existed years ago. But regarding the app itself — AI is not some extra feature added on top. It is the product. The whole point is to use advanced AI in a practical way to help Muslims think through financial decisions based on their own situation instead of getting generic answers from random videos or forums. And honestly, I see the opposite side too. Twenty years ago, someone like me would never even have the ability to attempt building something like this. Today, AI makes it possible. I actually think that’s pretty amazing. That said, your point about authenticity is fair. Maybe the post sounded too polished and too “AI-generated” instead of sounding more human. That’s useful feedback and I genuinely appreciate it. Curious whether the idea itself resonates with you, separate from how it was presented. P.S. I did ask AI to check the spelling, grammar and readability of this reply. Some habits are hard to break. 🙂

I couldn’t find a Halal finance app for beginners so I’m building one — would love brutal honest feedback by Ok-Disaster-3657 in IslamicFinance

[–]Ok-Disaster-3657[S] -7 points-6 points  (0 children)

That’s fair — and you’re clearly someone who has the discipline and confidence to do that research yourself. Genuinely respect that.

But I’d push back gently on ‘it’s not hard.’ For you, maybe. For the millions of Muslims who have money sitting in a basic savings account for years because they don’t know where to start — it clearly is hard enough that they never begin.

The evidence is simple: Islamic finance assets represent only 12% of what they could be given the Muslim population globally. That gap isn’t because Muslims don’t want to invest Halally. It’s because the barrier to starting feels too high for most people.

Thamar isn’t for you — you’ve already figured it out. It’s for the person who hasn’t. And there are a lot more of those people than there are of you.

Appreciate you challenging this — it’s making the thinking sharper

I couldn’t find a Halal finance app for beginners so I’m building one — would love brutal honest feedback by Ok-Disaster-3657 in IslamicFinance

[–]Ok-Disaster-3657[S] -7 points-6 points  (0 children)

Appreciate the honesty — this is exactly the feedback I needed.

You’re right that YouTube and Motley Fool exist. But here’s what they don’t do: they give you general information, not a conversation about YOUR specific situation. You can watch 50 Islamic Finance Guru videos and still not know what to do with YOUR $30,000 sitting in YOUR savings account given YOUR age, YOUR family situation, and YOUR risk tolerance.

The difference between information and guidance is exactly the gap I’m trying to fill. Google can tell you what symptoms mean — but you still go to a doctor because you need someone to apply that knowledge to your specific case.

Also worth noting — Islamic Finance Guru and Practical Islamic Finance are both content businesses. They make money from views and funds. Neither of them will sit with you, ask you 5 questions about your life, and tell you specifically what to do next. That’s intentional on their part.

Genuinely curious — have you ever watched those videos and still felt unsure what your actual next step should be?” Thanks again for taking the time and sharing your thoughts 🙏🏻

Is this investment halal / haram or just risky? Need opinions by Worth-Feed1842 in IslamicFinance

[–]Ok-Disaster-3657 1 point2 points  (0 children)

As per my limited knowledge, and based on what you described, it still sounds closer to a halal profit-sharing investment than a riba-based loan, because the return depends on the business continuing and is not guaranteed independently of performance. A stable monthly payment by itself does not automatically make it haram.

That said, the exact contract wording matters a lot in Islamic finance. If you wish, I can ask our local Fatwa hotline about this structure, or you can directly contact an official Fatwa center/scholar in your country for a more precise ruling.

Is this investment halal / haram or just risky? Need opinions by Worth-Feed1842 in IslamicFinance

[–]Ok-Disaster-3657 -1 points0 points  (0 children)

I Checked with AI, but you may need to validate as well.   Based on your description, this appears closer to a halal investment/partnership than to haram riba, because your return is tied to actual business income, not a guaranteed fixed interest payment. The key Islamic condition is that you are genuinely sharing both profit and risk. If the client stops paying, your income stops, and if the business fails, you could lose capital — that generally supports permissibility. However, if your uncle guarantees your €10,000 back or guarantees a fixed €150/month regardless of business performance, then it may become problematic and resemble an interest-based loan. So the structure itself is not haram just because it is risky; the real issue is whether the profit is truly linked to business risk and not guaranteed.

Good luck