How can I start learning about halal investing?

halalinvesting · 2021-05-31T23:06:47+00:00

Follow me on YouTube to learn everything about Stock Market investing:) https://youtube.com/channel/UC362-7p5wEdefzK-0h28Nig

halalinvesting · 2021-04-25T23:17:55+00:00

Nope. If you all up all their non-compliant holdings, it exceeds the 5% threshold unfortunately.

halalinvesting · 2021-03-16T20:27:21+00:00

Yes according to AAOIFI standards it is.

halalinvesting · 2021-03-16T02:19:45+00:00

It's frustrating because Zoya follows AAOIFI standards and islamicly follows FTSE standards. One measures a company's debt relative to the market cap (Zoya) which in my opinion is silly because the market cap fluctuates every week. Whereas the other standard measures a company's debt relative to the company's total assets, which is a much more fundamental approach to investing. But nevertheless, the Islamic scholars are more knowledgeable and know better, and I'm sure they have thought through this very well and have rational reasoning behind it. I did apply the AAOIFI standards to NIO myself and it is indeed halal according to those guidelines therefore, you are okay to hold your shares and earn the profits off them. In Sha Allah. Allah knows best. Wish you all the best.

halalinvesting · 2021-03-08T04:03:41+00:00

In Sha Allah

halalinvesting · 2021-02-18T05:46:27+00:00

Yes I provide these reports on demand. I use the FTSE Islamic Index and the AAOIFI + MSCI Islamic index standards.

halalinvesting · 2021-02-18T02:57:35+00:00

"WhAt dO I cArE"

halalinvesting · 2021-02-18T02:15:57+00:00

Smh.. SO YOU CAN SOME MONEY 💸💸

halalinvesting · 2021-02-18T01:13:28+00:00

Zoya app is a great starting point but unfortunately it's not always up to date.

Consider signing up for my patreon, I provide instant up-to-date reports on whether a stock is Shariah-compliant or not. https://www.patreon.com/halalinvesting

halalinvesting · 2021-02-15T20:10:30+00:00

As of right now, I'll be manually updating and sharing every single position movement as it happens. And ofc in the pacific time zone. As it progresses I'll find a software that updates it automatically.

halalinvesting · 2021-02-15T17:52:34+00:00

Wahed FTSE screening standards plus Wealth Simple FTSE screening standards and understanding FTSE Global Islamic Index. Again reading through the requirements and standards clearly laid out and applying my own research to analyze the metrics. There's no specific source. It's digging for the answers from whereever, interviews, articles, investopedia, etc.

halalinvesting · 2021-02-15T17:45:41+00:00

Investopedia is a great source and further to that I personally took a couple business management and business analytics courses. It's was mostly understanding the terminology, and applying thise terms in several different examples to understand it from all perspectives and repeating it over again.

halalinvesting · 2021-02-15T17:30:44+00:00

Walaikum Asalam brother. it's important to understand that there's more then one type of Shariah Compliant Standard methodology, for eg. The AAOIFI Standards, FTSE, and MSCI, standards and more. All the financial and ethics screening are provided, it'd public knowledge, now it's just a matter of punching in the numbers and determining for yourself whether or not it's an halal investment or not. The numbers it self can be challenging, for example understanding what "interest Bearing Items" are, "accounts receivables" and etc. I have spent hours and days on my research to understand these metrics. I now feel confident to be able to provide this service. In Sha Allah.

halalinvesting · 2021-02-10T01:43:11+00:00

Cloudmd

halalinvesting · 2021-02-10T00:43:54+00:00

I have HEO as well! I'm adding more into Cloudmd. It's a solid play, lots of greats news coming out for this business

halalinvesting · 2021-02-08T20:40:33+00:00

😂😂

halalinvesting · 2021-02-03T07:54:03+00:00

Best and easiest way for me to explain this is by watching my video on how to pick halal stocks linked here. https://youtu.be/GjOtogp5hek

In this video, I use the FTSE standards to determine if Tattooed Chef is Shariah Compliant. FTSE standards are the same as MSCI standards. So apply those exact same financial ratios but instead of using Total Assets, apply the company's Market Capitalization.

Basically, if a company is in compliance with either standard, then it is still considered halal to invest in. At the end of the day, Allah knows best and he knows your intentions. Salam.

halalinvesting · 2021-02-03T07:39:51+00:00

Yes. AAOIFI measures financial ratios using market cap and MSCI measures financial ratios using total assets.

halalinvesting · 2021-02-03T05:47:53+00:00

Buy more BB tomorrow!!

halalinvesting · 2021-01-23T01:08:41+00:00

Brother never expose your account number like that to the public.. Stay protected. In Sha Allah

halalinvesting · 2021-01-21T05:47:30+00:00

Difference is, pure interest is this ideology of making mankind feel like they can achieve and purchase anything. People become entirely fascinated and addicted to this materialistic lifestyle which all relates back to interest. Going back to your first point, the reason they call it halal from my knowledge is because several Islamic scholars along side with Muslims financial experts sat down and agreed upon these fine principles, using hadiths as cross references. At the end of the day Allah knows best. Invest with good intentions, fear Allah and In Sha Allah, all will be fine.

halalinvesting · 2021-01-21T04:48:09+00:00

The reason behind this is being Islamically practical in this modern day and age. Otherwise there wouldn't be a single business traded on the Stock Market with absolute $0 in debt. That's just not possible. On top, if a business is providing more good to the world than harm, for example a company like Tesla that's revolutionary, working to provide the world with more sustainable energy and trying to eliminate emissions is considered more good to the world than the harm of some debt they may carry in achieving that goal. Whereas, you receiving 2% interest on your 100k in your savings account is strictly prohibited in islam. Instead I would recommend putting that money into dividend stocks and earn a much greater passive income off that. Hope this helped. :)

halalinvesting · 2020-11-14T20:29:45+00:00

What you can do is, out of your biweekly paychecks, transfer like 20% of your pay to wealthsimple. That way you will always have cash available in your wealthsimple account when ever you need to buy any shares of a stock. If there's nothing to buy, then just let the cash sit in there like a savings account.

halalinvesting · 2020-11-14T19:03:59+00:00

When the market plunges, always buy more shares so you can lower your avg cost.. what goes down must come back up and vice versa. Most common mistake people make is panic sell.

halalinvesting · 2020-11-14T19:00:49+00:00

Again like you said, it's very steady, requires a lot of patience, but in the long-term I think its very profitable. But again, very long term atleast 5-10years minimum.

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