Avoid Excessive Uncertainty (Gharar): Transactions full of uncertainty or ambiguity are considered haram.

I encountered the "STEP-BY-STEP Halal Investing Guide for Beginners" video on IFG's YouTube channel and then bought this book. You’re reading this because you want to start educating yourself and get started on your Islamic investment journey. With the doctrines and guidelines of Shariah, a balanced ecosystem of social responsibility between the society and the individual is created. Besides, sukuk contributes to a major concern for investors, by which it makes diversified sources of income available from different investment outlets. It also prevents investors from future dispute and exploitation where one party gains at the expense of the loss of the other party, such as in gambling.Everything that is considered harmful either to the body, mind, soul, or society is prohibited, while whatever is beneficial is permissible. Ultimately, if you are investing a few thousand pound, we recommend checking out our Halal Investing for Busy Professionals course.

He holds a BA in Philosophy, Politics, and Economics from the University of Oxford, an Alimiyyah degree from the Al Salam Institute, and an MA in Islamic Finance.So now you have a list of asset classes – how do you actually allocate your savings across these asset classes? While gold is widely accepted as a halal investment, there are different schools of thought when it comes to other metals. This growth has not been lost on wealth managers and banks who are keen to tap into the wealth and investment funds in the hands of wealthy Muslims.

What if we could achieve financial freedom and self-dependence which would allow us to live happier, more fulfilling lives instead of being a cog in the wheel of the rat race? Investing in products that are Sharia compliant is not difficult or impossible, it just requires some information gathering and due diligence. If you are looking to have at least 75% of your investment as a source of income, not having bonds as an option makes the situation very difficult. Upon the maturity of a Sukuk investment, the investors will also receive their principal amounts back. There are also Real Estate Investment Trusts (REITs) that are Shariah-compliant, offering a less hands-on approach to real estate investment.We are taught all kinds of useless subjects in school that we never actually implement in our lives, but we are never given a solid grounding about the one area which affects all of us – money.