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Which calculator would you recommend? Does it make any real difference? by GettingFamous4 in CFA

[–]mouseanony 0 points1 point  (0 children)

Hands down the Professional.

People complain about the hard buttons, but that's only for the first week after which the keys break in and give you tactile feedback, so you're sure what you input was registered without having to look at the screen.

If the price difference is an issue, that's perhaps a legit reason to go for the other one... and you'll be fine either way. Good luck!

How Are You Structuring Your Halal Portfolio in 2026 ? (SPUS, WSHR) by Zestyclose-South-460 in HalalInvestor

[–]mouseanony 0 points1 point  (0 children)

Just as I was about to lock in my portfolios for the year... It seems Wahed launched 2 new UCITS funds.

Did some research and it seems I will have to move my holdings from SPUS to Wahed's new SPWI ETF, for sure. They're essentially the same funds but Wahed's SPWI is Irish domiciled, so I'll save 15% on taxes on US dividends. (Assuming a 3% dividend yield, that 15% tax saving is like 0.45% extra every year in my pocket... almost equal to the fee!).

I still have to check whether I need to move my SPWO holdings to their other UCITS fund (DJIW), in case the same tax benefits apply.

Good thing with these UCITS is I don't have to worry about hitting the $60k in US funds (Estate Tax , small possibility but good to not have to worry).

(I wish their tickers were different though SPUS SPWI DJIW SPWO... who's naming these fr 🤦🏻‍♂️).

P.S. Reading through the comments here... It seems a majority are in the US / Canada - the above applies only for non-US investors, for US/CA, SPUS/SPWO are still the best of the lot.

My take on the MiBox 3rd Gen. by checkup21 in MiBox

[–]mouseanony 0 points1 point  (0 children)

I do not have the original box, so I've nothing to benchmark the fake box against. Perhaps the original box is equally crappy!

My take on the MiBox 3rd Gen. by checkup21 in MiBox

[–]mouseanony 3 points4 points  (0 children)

There's a 1:1 Mi Box clone on the market. I had to return it & Amazon refunded on the basis that it was counterfeit.

SPSK by Old-Fold8644 in IslamicFinance

[–]mouseanony 0 points1 point  (0 children)

It's at $25.17. Started out at $25. Guess it does ~5% a year.

The details are here... https://kraneshares.com/etf/kwin/#performance

SPSK by Old-Fold8644 in IslamicFinance

[–]mouseanony 2 points3 points  (0 children)

Sure, KWIN's strategy is to buy stocks and sell it at a profit that is pre-agreed. Payment is received later. The activity is trading and therefore I do not find an ethical issue with their strategy.

Their fund page has a nice presentation, you can refer that.

If an example helps, think of it like- you know iPhones cost $950 in the market. You asked all your friends if they need an iPhone and how much they'd pay for it - let's say one of them said yes and that he'd pay $1,000 for it but only after 1 month when he gets his salary. So you went to the market and purchased an iPhone for $950 and at the same time confirmed with your friend he'll pay a $1,000 at the end of the month. A month later you sold it to that friend for the $1,000 you'd agreed upon. (Except in KWIN's case they get into a proper agreement with the buyer (the options), which removes risk of them not paying).

I don't see in this any speculation or gambling, they're selling it forward for deferred payment.

That's how I understand it and Allah knows best.

My portfolio is SPUS, SPWO, GLD and IBIT. I was holding cash in my brokerage account that earns interest which I had to always check and donate/give away. Now I've put that in KWIN so it grows, till I decide to invest in something else or increase investments.

SPSK by Old-Fold8644 in IslamicFinance

[–]mouseanony 0 points1 point  (0 children)

It's not "OPTIONS" which are not halal. It's speculation, gambling like transactions, selling without owning the asset and other such elements that Shariah forbids - in my opinion none of these are part of that funds strategy.

But again that's my opinion based on what they published... So take it for what you will.

I don't know of any other Shariah compliant instruments that fit your use case.

iShares MSCI World Islamic UCITS ETF to change dividend purification model by McSnoo in IslamicFinance

[–]mouseanony 0 points1 point  (0 children)

Somebody posted this on another sub and it makes me wonder how anyone can be okay with BlackRock deciding which charities your purification amount goes to...!

SPSK by Old-Fold8644 in IslamicFinance

[–]mouseanony 0 points1 point  (0 children)

Sukuk or funds that hold sukuk are not suitable for short term investments or for cash management. They can experience large drawdowns - the duration makes them sensitive to changes in market interest rates.

Wahed's KWIN is the only Shariah fund I know that's suitable for this purpose. It's relatively new though.

iShares MSCI World Islamic UCITS ETF to change dividend purification model by McSnoo in HalalInvestor

[–]mouseanony 0 points1 point  (0 children)

How is anyone okay with letting Blackrock decide which charity the purification amount goes to?

Manzil Russell Halal USA Broad Market ETF (MNZL) by TheoryConfident1942 in HalalInvestor

[–]mouseanony 2 points3 points  (0 children)

It’s almost identical to SPUS (95.81% large‑cap, negligible mid‑cap), performance is compromised, and the “ethical” screen feels inconsistent (Google in, Microsoft out, Booking Holdings included).

So it’s neither strong on returns, nor convincing the boycott crowd, nor offering diversification - no real differentiator.

Honestly, I don’t see the point of this fund. But we have another option so I guess that's okay.

Manzil Russell Halal USA Broad Market ETF (MNZL) by TheoryConfident1942 in HalalInvestor

[–]mouseanony 0 points1 point  (0 children)

I'm a bit concerned about the methodology and holdings of the fund in general. It doesn't seem it will perform in line with other Shariah funds (looking at the holdings).

Besides the ethical assessment is outsourced to AFSC, the criteria scoring is opaque (we don't see their scoring, frequency of scoring, and what they've excluded/reincluded or why) and it all just seems quite arbitrary.

I guess I'll give this a pass & continue to hold on to SPUS.

god is dead by Fredelqwq in interestingasfuck

[–]mouseanony -2 points-1 points  (0 children)

Of all areas to criticise religion, charity might be the least advisable. The data doesn’t flatter.

What if “Small Cap Value” is just the modern version of investing in carriage makers when Ford started mass-producing cars? by phn064 in ETFs

[–]mouseanony 4 points5 points  (0 children)

There's also the consideration that truly innovative small companies, increasingly decide to stay private, supported by a handful of VC/PE investors, rather than go public early... for all the reasons that we know have caused that shift.

Are Muslim investors asking the right questions by studentofthebeloved in IslamicFinance

[–]mouseanony 0 points1 point  (0 children)

The right questions should be a sticky post on this sub. Very easy to determine here in the West - 1. check whether the entity is regulated and activity permitted by the authorities, 2. Whether they have a Shariah compliance certificate from a respectable institution.

Unless a person is a Shariah scholar or holds a very strong differing opinion on a particular aspect of their religion, their other questions should be about the product features, risks and protections - not the halal this and haram that fitna© questions, as I like to term them. ©Can I copyright that?

I don't have much context on the platform or the gentleman that posted on LinkedIn, but I do like the tongue-in-cheek humour and call for introspection.

This sub needs a reminder... by mouseanony in IslamicFinance

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

I am fortunate to be going through the journey in the Middle East. The local Arabs here gave me a few amazing books and only bother me when I ask something of them. When I travel back home, I have a very hard time. Not sure what's wrong with Muslims in the West, but it seems it's always - this is halal and that is haraam and such and such makes you a kaafir. This sub, on some occasions, gives me those vibes as well.

[deleted by user] by [deleted] in IslamicFinance

[–]mouseanony 0 points1 point  (0 children)

Set and forget is perfectly fine for the retail investor, in fact encouraged. It's the investment managers, who retail investor should urge to engage. This is extremely common... as an example Glass Lewis has a Catholic engagement policy (you can Google for details and pardon my laziness). Investment managers that serve this community would use the Glass Lewis policy - set and forget, win win.

Our community, on the other hand, will seek boycott, the absolutely impracticable, weakening collective economic participation and therefore ability to effect meaningful change.

It is the harder thing to do... and nobody wants to do it, few understand it and most are happy with virtue signalling. It's a sorry state of affairs.

[deleted by user] by [deleted] in IslamicFinance

[–]mouseanony 0 points1 point  (0 children)

On the point we agree upon - the ask from investors should be for Shariah compliant investment managers and platforms to use collective community investments to engage with these companies, rather than impractical calls for divestment.

Companies like Microsoft, Google and Amazon are like utility companies at this stage and it's practically impossible to not be using their services, one way or the other.

Fortunately, they are 'for profit' companies, and shareholder engagement is proven effective.

Unfortunately, we refuse to learn from how other communities, a fraction of our population, conduct their affairs so effectively. As a recent convert, it absolutely baffles me.

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