r/IslamicFinance

If you have any good suggestions for ETF’s or even mainstream big companies that are halal and have a good proven ‘safe’ dividend payout that are halal. I mostly wanna invest long term, the put money and forget type where you just invest (each month 500€) without too much headache.

Edit:
| Proposals from people until now |
- UMMA
- SPUS
- ISWD
- ISGD
- ISDU
- ISDE
- IGDA
- IGDW
- MWIM
- SPWI
- MNZL
- HLAL
- SKUK

AoA,

I’m taking an Islamic Banking course in my 5th semester, and somehow I’m not satisfied with the course material, which is basically a single book written by Mufti Taqi Usmani’s son. I think I can attribute some of this dissatisfaction to my course instructor’s teaching methodology, which is heavily based on just reading off the book and explaining it through very simple scenarios. Whereas, conventional banking is not that simple and requires complex reasoning and excellent rational thinking.
I personally believe that we should be taught from a variety of sources. The fact that I’ve been hearing all my life that interest is haram, but even after studying Islamic banking for a month and a half I still haven’t gotten to the root cause of why interest is haram, makes me feel like I’m just passively cruising through the course and wasting my time.
Please suggest sources and ways I can utilize to actually learn about Islamic banking from the fundamentals to an advanced level.

I've thought about this a lot recently, I have £130k in a single fund - the HSBC Islamic Global Equities Fund which only has 100 stocks.

I want to use something else but every option excludes 50% of the biggest stocks (e.g. HSBC's ESG islamic ETF). Does anyone use a single fund for everything and if so which?

I really want to move away from this fund but struggling to find one that has broad coverage and not just 17% in Microsoft

Aoa all, although it's an old topic but answer me from the heart not mind. I am getting profit from Islamic saving account but I have a fear or guilt within. Please answer

1. do you think the profit distributed by Islamic saving accounts and normal saving accounts is different in sense that one is halal and other is Haram

2. do you think that the monthly profit distributed on Islamic or non Islamic saving accounts fall under the category of suud or riba mentioned in Quran

3. every bank has started Islamic accounts are they really Islamic

4. when banks are asked in what business do you invest, they say we give Islamic loans

Salaam. I invested in the S&P 500 a few years ago not realising it contains haraam stock. How can I purify the gains from this, as some stock is shariah compliant. Will donating at least 5% be sufficient? Is there another tool to accurately calculate the haraam portion? Jzk.