₦airaland Forum

For many people with no finance background, it’s very easy to fall into a “halal” investment scam, meaning being sold an investment product that is not completely halal.

There are many examples I can share, but I decided to list out the obvious ones for now...

If you are confused about the “halalness” of an investment product, this list can serve as a guide in helping you “halalify” your portfolio moving forward.

Here are the most popular investments that you should avoid ❌ :

1. FOREX - except for a simple exchange of two different currencies that is done on the SPOT.

2. Treasury Bills - a government-issued instrument that involves INTEREST. Avoid it! Good alternatives are halal fixed income and halal mutual funds.

3. Bonds - corporate or government-issued long-term instruments that involve INTEREST. A good alternative to this is Sukuk.

4. Shares in unethical companies - e.g., interest-based banks, brewery companies, adult entertainment, etc.

5. Index funds that contain shares or funds that are UNETHICAL - e.g., S&P 500. Good alternatives are halal filtered index funds like SPUS, HLAL, etc.

6. Sovereign Debt Notes - they involve paying interest. A good alternative is Sukuk.

7. Certificates of Deposit (CDs) - they involve interest. Good alternatives are halal fixed income, halal mutual funds, and Mudarabah savings accounts.

8. Real Estate Investment Trusts (REITs) - except for those that invest directly in real properties and where dividend payment is a reflection of the income generated from the properties.

9. Peer-to-peer lending - except for those that involve equity financing or asset-based financing with no interest.

10. Mutual funds - pool of funds invested in a number of companies. Best alternative is halal mutual fund that invests in ethically curated companies.

Note: I deliberately avoided those investments that scholars have differed on (e.g., Crypto) and focused exclusively on the investments that are outrightly prohibited.

By Ridwan Sanusi

I so much love Islam because we should avoid investing in brewery business but we can collect allocation from brewery companies

BewareOf419:
I so much love Islam because we should avoid investing in brewery business but we can collect allocation from brewery companies

There should be no association with breweries except to break their bottles!

AntiChristian:
There should be no association with breweries except to break their bottles!

But there should be collecting allocation from breweries except if you're lying!

BewareOf419:
But there should be collecting allocation from breweries except if you're lying!

Show him the evidence they collect allocation specifically from breweries?

YOU CAN IMAGINE THE RELIGION PRACTICE THAT AGAINST YOUR PROGRESS, RELIGION IS A HUMAN CONSTRUCT, THAT IS WHY THE SAME SEX MARRIAGE AND BEHEADING, OCCUPIED THE RELIGION

The face!!


They all look the same!


Scary!! And Terror full!!!

But you can use roads, planes, mobile phones/ lines etc funded with loans. Una mumu no too much?

Na them plenty pass in it

AntiChristian:
There should be no association with breweries except to break their bottles!

Sheik osama

If you see where Muslim dey fight for Christmas money here in austria you go laugh, inshort gambling here Muslim are number one ,all this beer for this photo na turkey dey produce it while northern Nigeria wey never feed almajiri and beggers dey destroy people's beer businesses

Leave that first one. I no go answer you for that

That's not possible

Lukgaf:
By Ridwan Sanusi

Nice one .

AntiChristian:
There should be no association with breweries except to break their bottles!

after collecting tax

Ogbuu101:
Sheik osama

Is that your Christening name?

Chetas81:
after collecting tax

What tax?

Afonja007:
If you see where Muslim dey fight for Christmas money here in austria you go laugh, inshort gambling here Muslim are number one ,all this beer for this photo na turkey dey produce it while northern Nigeria wey never feed almajiri and beggers dey destroy people's beer businesses

Just because there are many Gay Christians does that means Christianity supports Homosexuals?

Use your cranial content always!

BewareOf419:
I so much love Islam because we should avoid investing in brewery business but we can collect allocation from brewery companies

how and where did Islam tells u to collect allocation from brewery?

BewareOf419:
I so much love Islam because we should avoid investing in brewery business but we can collect allocation from brewery companies

It is prohibited for Muslim to benefit from alcohol companies' profit

Sayyiduna Anas ibn Malik (Allah be pleased with him) narrates that the Messenger of Allah (Allah bless him & give him peace) cursed ten people in connection with alcohol: the wine-presser, the one for who it is pressed, the one who drinks it, the one who carries it, the one for whom it is carried, the one who serves it, the one who sells it, the one who benefits from the price paid for it, the one who buys it, and the one for whom it is bought.” (Sunan Tirmidhi, no: 1295)

You are deluded. It's like calling interest in another name.

Lukgaf:
By Ridwan Sanusi

Why didn't you add betting if all haram investment.

It is t a secret, now a days a good number of Muslim now participate.

Check very well most rich Muslim proceed are from many haram investment. As it appears to be the surest and quickest way to make it in this present country.

Really

But wait oo seeing guy face no single joy in his face the aggressiveness showing all over his face. Na wah oo.l!!!

Una just dey cap sh!t. Even the bringer of your religion for Saudi Arabia dey do forex steadily.
Continue dey starve yourself and be waiting for government and 'clean' job, nah when hunger wire your people for Zanfara,Borno,Markudi and Kaduna wey make dem go join boko haram and unknown gvn men. Awon alagidi esin!

Afonja007:
If you see where Muslim dey fight for Christmas money here in austria you go laugh, inshort gambling here Muslim are number one ,all this beer for this photo na turkey dey produce it while northern Nigeria wey never feed almajiri and beggers dey destroy people's beer businesses

, Can we stop Nigerian Christains from producing Beer in Nigerai? No, So you cant stop Turkey Christains from producing their Alcholic drinks. Any Moslem, who does gambling knows it is not allowed and he knows the risk very well. Please tell me which amongst them has prospered?Whatever Allah prohibits, has a reason behind it. please check am wella.

But una go share from tax gotten from proceeds of such businesses. We all know what we are doing. Yeye

All these aboki wey dey do BDC business no know say na haram?