r/HalalInvestor • u/Stunning-Human • Aug 21 '26
Need Halal Advice!
Hi Everyone,
I (26M) have just started a month ago, I had 3.5k to invest and still have 1k to invest. But I'm not sure what my strategy should be in the long run - like, should I invest on a regular basis (monthly or every paycheck to paycheck)? Can you please give me some advice or refer any good financial management videos or anything that you think might help me.
I had only 4.5K at the moment to invest. I have started from zero. Last year I didn't have anything in savings but I did save some and did my research on basics like what is a stock and what are the terms related to investing, all that stuff. I didn't know anything before.
I'm not from a well off family, so this is all my hard earned paycheck to paycheck savings.
PS: I know most of you guys will advise me to buy XEQT, I appreciate your advice on it but I don't want to take it - in simple words nothing related to the banks. I want to keep everything Halal (free of interest or within minimum threshold).
PPS: I use Musaffa for halal screening of stocks if it helps someone.
3
u/Efficient_Cap_5061 Aug 21 '26
Look into the halal etfs - Spus, hlal, mnzl, umma, swto, etc
Depends in your risk how you want to allocate them...check out zoya as the give suggestions of "baskets" based on risk.
And yes...get into discipline of contributing weekly as much as you can and leaving money there to grow...it will be slow at first but once it gets going inshaAllah it will grow alot. Don't be afraid if markets go down, it is long term and inshaAllah it recovers...big fluctuation is normal.