No interest is charged on contracts lasting more than 24 hours allowing for zero rollover interest. While the gaming and advertising sectors of Microsoft’s business is a grey area from a Shariah perspective, the revenue from non-permissible operating income is less than 5% and the company passes two of the three Shariah-based debt metrics which means Microsoft is considered halal. The US dollar surged during the end of 2021. How you choose to speculate on the direction of the US dollar is the defining factor of whether forex trading is halal or haram. If you have no strategy, no system and trade on an interesting charging account then it is considered gambling and haram.

This is so important as it protects your wealth. Your grandma was right when she said don’t put all your eggs in one basket. The slight downsides here are, like any roboadvisor, you don’t get much flexibility to choose what you want, and you also don’t get any exposure to other asset classes (e.g. sukuk or gold) via the sharia portfolio as it is. Sarwa

Halal investments are investments that are made in accordance with the principles of Shariah Law. These Islamic principles are based on the idea of using your finances for ethical investing to benefit the Muslim community and society. However, if you trade with a proper strategy and system, like a professional, and use an Islamic swap free trading account then it is considered to be halal, as there are no overnight interest charges.

The allure of startup investing is that you get access to a high-risk high-reward investment and can avail of very healthy tax breaks.As ever, a note of caution: most startups will fail and a handful will succeed massively, so its very important to invest in a portfolio of startups if you want to give yourself a realistic chance at making money. And if you’re not a UK taxpayer, then of course your full capital is at risk. WealthSimple To ensure Sharia-compliant investments you must avoid opportunities or investments that involve the earning of interest or Riba. 2. Avoid Unethical Investments The kinds of businesses Qardus go for are well-established, strong-revenue companies, typically in stable markets such as the medical or pharmaceutical industry.

Sponsored ad. 74% of retail investor accounts lose money when trading CFDs with this provider. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees. 6. US Dollar Sponsored ad. 74% of retail investor accounts lose money when trading CFDs with this provider. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees. 2. AvaTrade Sponsored ad. 74% of retail investor accounts lose money when trading CFDs with this provider. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees. 5. GoldSponsored ad. 74% of retail investor accounts lose money when trading CFDs with this provider. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees. 2. Microsoft Qardus is a just-launched sharia-compliant lender to small and medium-sized enterprises to help with their cashflow needs. The investment is structured using a commodity murabaha structure which is not the most preferred sharia structure, as it isn’t as pure a profit-share structure as is ideal. However, the model is very common across most of Islamic finance, and is approved by most leading scholars. Qardus to their credit have always said they’ll start with this but then look to see if they can offer other structures instead.

All the portfolios are well diversified and managed according to statutory requirements, as well as not accumulating interest.At IFG, the job of our Halal Investment Comparison engine is to provide the most extensive and up-to-date list of halal companies to invest in globally – and we’ve been kept busy! Here are some guidelines and principles for Shariah-compliant investments. 1. Riba-Free Investments That’s a formal way of saying they provide short-term halal business loans, or halal business investments.