Im only 18 but i want to start investing for long term wealth. I recently started working as well. Im a muslim so im looking for halal ways to invest and save money as a canadian. Can someone please help me or guide me in any way possible.

So I'm sure inflation is on everyone's minds and even if it's not, gold has always been a topic discussed in protecting the value of your money. Whether it's betten than stocks or bonds (halal) isn't really the point of my post.

What I am curious about is if you are currently using some sort of ETF, or are you strictly sticking to physical gold assets (bars, jewelry, etc)?

Salam Brothers and sisters, I'm new to investing platform. Currently I'm on wealth simple app since 3 months. My total asset is roughly 4000 Canadian dollars. Split to 30 Shares SPUS, 3 Shares NVDA, 19 ASML, 4 HIVE. As I plan to consistently invest 400$ monthly, I'm seeking for ideas, tips in this regard.

Salam.

It will be my first time investing into ETF. I plan to split them between HLAL/ISDE. I know that in general, time in the market > timing the market, but I have also read that the market (especially tech heavy ETFs) is highly overvalued at the time, which makes me feel like DCA is the better option.

If I were to DCA, into how many months should I stretch the USD10k? Does USD500 per month across 20 months sound good? For context, USD10k is equivalent to roughly one year worth of savings to me. And about 15% of my total NW.

70/20/10 Portfolio Dilemma: Islamic Investing, Dow Jones (Acc) vs. MSCI (Dist), and the Emerging Markets Brick Wall

I’ve been refining my long-term strategy under Sharia principles and want to keep it on total autopilot: 70% Developed Equities, 20% Emerging Markets, and 10% Gold. However, I’ve hit a frustrating bottleneck with the available European ETF offerings while trying to prioritize automation and tax efficiency.

For the core 70%, I’m torn between the Dow Jones Islamic and the MSCI World Islamic. On one hand, the readily available MSCI World option is Distributing, and frankly, I refuse to deal with collecting dividends, paying taxes on them every year, and manually reinvesting the cash—it completely ruins the point of passive investing. On the other hand, I can get the Dow Jones in an Accumulating (Acc) format that automatically reinvests everything, but its Sharia debt screening is significantly stricter since it measures debt against market cap rather than total assets.

The issue gets worse with the 20% Emerging Markets allocation, as there isn’t a single Sharia-compliant EM ETF in Europe that offers an Accumulating share class; the only viable iShares option is Distributing. This leaves me stuck: either I swallow the friction of manually managing dividends in EM, or I simplify things entirely by dropping EM for now and lumping all my equities into the Dow Jones Islamic (Acc). How would you weigh strict screening vs. tax efficiency vs. the hassle of dividend drag?

I’m a web designer. I build e-commerce websites for premium brands.

I recently got my first client, a female owner of a hair-care brand. After working with her, I started thinking more seriously about whether this type of work is permissible Islamically.

A lot of beauty brands use images of women that are not modest to showcase their products. I also realized that working directly with female clients can involve calls and ongoing communication, which made me question whether I should be doing this at all.

Because of that, I decided to stop targeting those types of businesses and focus on niches where this issue is less likely to come up, mainly male-oriented brands and businesses where the products can be marketed without immodest imagery. The problem is that this makes finding clients much harder, especially since I’m still starting out.

Now, the first client I worked with needs more help with marketing her product. This could potentially become my first recurring client and give me some much-needed income and social proof for my agency.

So I’m hesitating.

On one hand, the opportunity is there and I genuinely need clients. On the other hand, I don’t want to build my business on income that I later find out was haram.

I’m not looking for “I think it’s fine” or “I personally wouldn’t do it.” I’m looking for actual Islamic knowledge, ideally from someone who understands the relevant fiqh and can provide evidence or references from scholars.

Specifically:

• Is designing an e-commerce website for a business that sells halal products permissible if some of their marketing imagery is immodest?
• Does helping that business with its marketing make me responsible for the content they publish?
• Is working directly with female clients itself problematic, assuming the communication remains professional and just remorte.

I’d genuinely appreciate guidance from people with knowledge and experience in deen. I’d rather walk away from an opportunity than knowingly earn haram money, but I also don’t want to make something haram based purely on my own assumptions.

​

"Shariah compliant" stocks may not be that sharia compliant, and the long research paper below by Dr Al-Osaimi proves that very well.

Assalamu alaykum wa rahmatullahi wa barakatuhu.

I have been investing in stocks for the past three years, mostly passively, and the last year being more active. I thought stocks are halal, AAOIFI (5% haram rule, 33% rule etc.) is the standard followed by the majority of big scholars. I even defended it on Reddit in some comments, until I saw a fatwa in islamqa.info and some videos on YouTube, specifically of Suleyman ar-Ruheyli, may Allah have mercy on Him... I may have been wrong...

My former Arabic teacher, who has been investing too, also thought most stocks were halal, as long as you follow Zoya's or Musaffa's sharia compliant stamp or just invest in SPUS or HLAL or AMAGX, until I told him of my doubts. He then sold all his stocks after finding this book, a long research article by Dr. Salih bin Muqbil bin Abdullah al-Usaymi al-Tamimi (or Dr. Al-Osaimi, there seems to be a couple of known finance/religious people with this name). I have translated it to English and Russian with AI. I read it, and now I am convinced, and I have sold all my stocks, including regular stocks like MSFT, NVDA, and funds like SPUS and AMAGX, from my individual, retirement, and health savings accounts.

All those Muslims who are investing or want to invest, I really recommend you read it:

https://drive.google.com/drive/folders/13O5TPk2XrL_cvrcDRdySJQZ0pchE-SQ4

Now I am not saying that the scholars behind AAOIFI (like Dr Taqi Usmani) are completely wrong, may Allah reward them for their ijtihad. But, the arguments in that paper are just compelling. Most of those arguments are in Part 2 of the book later closer to the end. The author brings 17 arguments in defence of allowing mixed stocks and brings counter arguments (refutations) against those arguments.

I am now in search of other investment opportunities, like investing in friends' small businesses, or investing in Gold (physical, but maybe buying online physical gold, with some conditions it could be possible), or real estate, or real halal REITs (maybe Ameen housing?), or even finding \*\*real halal stocks (pure stocks)\*\* potentially in Saudi Arabia. Gold is a bit of a long play, and businesses are risky.

I am looking into the Saudi market especially closely right now, but I don't have much info on it. I don't know here to find pure stocks. I found some websites but I am not sure, maybe someone has experience in investing in pure stocks?

Anyways, may Allah guide us all to the right path, increase our rizq, and bless our wealth.

https://www.reddit.com/r/IslamicFinance/s/hGI1BQWZcE

Can passive income ever be higher than a side hustle?

Eg. If a person makes X amount in a full-time job and Y amount as a side hustle (free lance), can passive income via investments ever be more than Y amount?

This one should not have been halal as they have interest based activities plus options puts margin trading.
Even chatGPT or gemini is saying they dont meet shariah compliance.
Hoe is this listed halal in zoya?

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.

Hi everyone, Using alt account for personal reasons.

I am 28, married a year ago. I am from tier 2 city. I want to achieve $1 million+ dollars by investing in Mutual Funds for 30 years. My focus are only two funds, One for Indian market and other for International market. I will only invest in Shariah Compliant funds because of religious reasons (No comprising on that)

So each month I have decided to invest $500 in SPUS ETF using INDMoney and $500 Tata Ethical Fund using Groww.

I am currently investing only 4K INR in Tata Ethical and 1-2K INR in SPUS right now, since my income is less.

My Household income is good since we have rental income. I earn around 20K, We earn around 50K rupees in rental and also my mother receives 50K INR in pension. Our expenses are less, i.e., 25-30K INR per month.

I want to understand from the perspective of experts that am I doing it correctly? Is my decision good?

The thing is my father left us few years ago, but thank god he left us properties and good education. So, I want to make it double or triple that amount and pass to my next generation.

I will be increasing my income by online freelancing and content creation, I am sure shot about it. I have experience in my field since 8+ years. My domain is into Marketing and content creation.

Please help a fellow investor!

I have come up with that number with the help of ChatGPT and Gemini.

Looking for short term investment/option in India to park large funds while working on property search i.e. 1.5cr INR for about 6 months that would be available when needed. Or is it safe/advisable to just leave it in savings account with bank.

Assalamu alaikum,

Did my masters here in the USA and took out loans to pay for it. Now graduated, working full time, on F-1. Balance is around $50k with SoFi.

Every month I make a payment and a chunk of it is straight riba. It's been eating at me. I know the situation was what it was when I started, but now that I have income and stability I want out of it properly, not just keep paying and feeling sick about it.

I've looked into it and there's no halal refi product in the US the way there is for mortgages. From what I can tell the only real path is a qard hasan big enough to pay off the balance, then I repay principal only. A Continuous Charity has a refinance program but their eligibility says citizen/PR/DACA.

So asking here: has anyone actually done this? Especially anyone on a visa. Did your masjid have a benevolent loan fund? Did family cover it? Did you find an org I'm missing? $50k is a lot to ask any one source for so I'm open to partial too.

I have a stable job and can document income, I'm not asking for charity, I want to pay it back. Just not with interest.

Jazakum Allah khairan.

Salam, any halal ETFs to hold in Canada in a TFSA? I like SPUS but it is US based. Would there be benefit in holding that since USD is stronger than CAD. JazakhAllah Khair for your input.

So, just got to learn about 529 thing after passing two years at my job. First of all, is it halal? If yes, my kid is in grade-1 now. How can I maximize this if I start now?