r/HalalInvestor

I’m looking into Shariah-compliant ETFs such as SPUS and others, but I noticed that many of them have a relatively large allocation to companies like Microsoft.

My concern is Microsoft’s involvement and business ties with the Israeli military, especially in the context of what’s happening in Gaza. From an Islamic/ethical perspective, would investing in an ETF that holds Microsoft still be considered acceptable?

I’ve also come across alternatives like MNZL and Sukuk, which seem to have less exposure to companies I’m uncomfortable investing in.

I’d really appreciate any Islamic scholarly opinions or reliable sources on how this should be approached. Thanks

ممكن نصيحة قبل ما ادخل في المجال؟

Salaam everyone! Complete beginner here from Canada wanting to open a TFSA Wealthsimple. I’m 18 turning 19 soon.

I’ve recently been seeing a lot of talk about XEQT. And while doing research on it, XEQT is flagged as non compliant and sometimes doesn’t even show up on some screening websites.

My questions are:

1. Is there a genuine halal ETF available that’s comparable to XEQT?

2. If XEQT isn’t considered compliant, is it permissible to invest and then purify the non-permissible portions of its dividends/gains by donating?

3. Is dividend purification only applicable to ETFs that are already sharia compliant or can it apply to things like XEQT?

I really don’t want to dismiss the importance of halal investing but I just feel like it’s really hard to keep investing halal as many people have different opinions/views and I’ve been unable to find something that preforms as well as XEQT if that makes sense.

Please forgive me if my questions aren’t worded super well lol I find it hard to word them as I’m still very new to the idea of investing overall.

I’d appreciate and am open to any guidance/advice.

JazakAllah Khair!

Salam everyone, Alhamdulillah I’ve just started working and want to consistently invest money from each pay check to build long term wealth. I’m not here to ask for financial advice, more just if there’s any obvious holes/issues with my plan as this is my first time doing this.

My paycheck currently is £3200 per month after tax and pension contributions.

Of this my aim is to save £1000 per month into the following:

1. £500 into an easy access halal cash ISA to build up an emergency fund, I have already saved a good amount into this with my first few paychecks alhamdulillah

2. £350 into halal ETFs for long term capital appreciation. I have currently split this into 32% SPWI, 25% HIUS, 15% HIES, 15% HIWS, 13% HIEU

3. £75 into HSBC Sukuk ETF HBKS

4. £50 into halal real estate company stocks I have found through real estate ETFs available in the US

5. £25 into gold

6. £25 into a stock of my choice when I have time to do research, otherwise can put this into my other investments.

As I progress in my career inshaalah my plan would be to invest more but in a similar split. I may also allocate more to investments and less to emergency fund later once it is built up enough inshaalah.

Am also aware that it is quite a lot of ETFs to be investing in and lots of them will have overlap but I personally don’t see a problem in this, if I’m really wrong about this would appreciate the insight. Jazakum Allah kheir