Halal Investing for Beginners: How to Start, Grow and Scale Your Halal Investment Portfolio

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It is any object or action that is lawful and permissible to use, do or engage in according to Islamic law. Halal Investing has become a very big concern for Muslims, due to emerging industries established around a new product or idea. By focusing on companies with solid financials and ethical business practices, halal investors are often better insulated from market shocks and downturns, thereby preserving their wealth in the long run.

Our estimates are based on past market performance, and past performance is not a guarantee of future performance. This means avoiding industries such as alcohol, tobacco, gambling and banks (except Islamic banks) and insurance companies involved in interest payments. Interest payments, or investments that include an interest element, are strictly prohibited in Islam.Let's say we're looking at industries that are not necessarily in those red-light industrial spaces, we still have to go a step further and look at the financial ratios," says Aliredha Walji, a registered investment advisor and CEO of ShariaPortfolio in Lake Mary, Florida. Shariah principles state that you should avoid investing in companies that generate more than 5% of its income from unethical sources (as listed above). Does the company offer mixed investment options, or operate on both conventional and Islamic practices?

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. According to Sharia rules, compliance with Islamic finance principles leads to a more ethical and just society. In the UK alone, there are many banks that offer specialist investing products, loans, and savings accounts. This investment is suitable for those who do not have enough time or knowledge to analyze the portfolio to purchase.

Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. There are many investment options to consider before deciding which investment path to take including the halal investment options.