Money & Investing
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From personal finance tips to halal investment strategies, we're here to help you navigate the world of money 💸 Muzz takes no responsibility for the accuracy or uptake of financial advice shared in this group.
One of my favourite copes from highincomecels and/or HNWcels is the glazing of riba, astagfirullah.
E.g. not paying off mortgages despite having the means to do so
E.g. financing luxury vehicles
"the market returns are higher than the interest rates", or some variation thereof
They're rats in the maze, thinking they're geniuses when in fact they've been psyopped/nudged.
Inability to build wealth and/or live a luxury lifestyle without resorting to riba is a skill issue, among other issues.
There's recent data from the US that people earning approx 300k to approx 500k, IIRC, are the worst at managing lifestyle inflation.
(can't remember exact numbers, but the band didn't start at ~100k)
Is anyone knowledgeable in Islamic finance who can guide me on how to start shariat compliant investing?
I've looked into SIPs and some MFs in India, and from what I've researched, many of them appear to be non-compliant because a significant portion of their investments involve riba-based banks. (Please don't turn this into a debate about whether it's haram or not , I follow the opinion that it is.)
I know gold is one of the better options, and I already plan to invest in it. However, as a salaried person, I'd like to invest around 20–30% of my income and build long-term wealth in a halal way.
I do feel that researching individual companies and investing directly in halal stocks may be one of the best approaches. The problem is that I don't realistically have the time to thoroughly research every company before investing, especially while working full-time.
Can anyone with knowledge or experience in Islamic finance suggest suitable investment options or resources to learn from?
Is anyone doing Trading
I want to learn
any best methods
Another banker describes modern Islamic banking as not truly Islamic because they do exactly the same things that all banks do but call it a different name. I heard another banker say the same thing. 'They all create money from nothing' I.e. Fractional Reserve Banking.
Salaam, do we count non liquid assets when determining zakat and sadaqah calculations. I include liquid and non liquid but my parents say only use liquid assets
Money is a result, not a Goal
Small business question… what is harder in your opinion
Starting a business or staying consistent when results are slow?
Still learning this journey myself 😄
imo the Hormuz situation is putting more nails into the coffin of the petrodollar system
the burgers are ruining their racket because of their deranged zionist ideology - may Allah (SWT) throw them into hellfire ameen
imo this could also be a scheme by the burgers to deliberately sabotage energy supply from the GCC to:
- -benefit burger energy
- -contain chyna
- -punish the Global South (especially BRICS)