STEP-BY-STEP Halal Investing Guide for Beginners
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- čas přidán 5. 06. 2024
- 🙆🏻♂️ Our investment arm, Cur8 Capital - cur8.capital
We've condensed our book into a short 1-hour crash course to give you a general guide on how to sort out your money and begin investing.
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If you'd like us to present a similar program at your masjid, please get in touch: www.islamicfinanceguru.com/co...
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About us
We're Ibrahim & Mohsin - ex-city lawyers and authors of "Halal Investing for Beginners". We've been studying investments and the traditional Islamic sciences for 13+ years. Over the year we've been published by the Financial Times, the World Economic Forum, Foreign Policy etc.
Today we run a sharia-compliant wealth management platform that manages over $35m in assets. We make videos about investment, personal finance, careers, and entrepreneurship.
We do this to make downtrodden communities better-off. To take people of colour, Muslims, and minorities from being among the poorest in society to the richest.
For more about the team visit: www.islamicfinanceguru.com/ab...
To find out what we invest in, and invest alongside us visit: cur8.capital/
Remember, with investing, your capital is at risk. This is not financial advice. If in doubt, always talk to a financial advisor.
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TIMESTAMPS
00:00:00 - Our Leicester Book Launch
00:00:19 - Introduction
00:01:39 - Mufti Faraz's testimony on our book
00:04:27 - Islam and the Purpose of Wealth
00:24:36 - The Crash Course: The Purpose
00:32:02 - The Crash Course: Personal Finance
00:46:34 - The Crash Course: The Principles of Investing
00:52:24 - The Crash Course: What to Invest in
01:04:38 - Financial Analysis Case Study
01:10:11 - Q&A: What is a sensible emergency saving pot amount?
01:11:16 - Q&A: How quickly should student loans be paid off?
01:13:46 - Q&A: Does Cur8 accept pensions?
01:14:41 - Q&A: Does renting your property to Muslims benefit the Ummah?
01:17:21 - Q&A: Is a pension in standard pot halal?
01:18:21 - Q&A: If a pension is already in a haram pot, what to do?
01:20:00 - Q&A: Conventional mortgage vs Islamic mortgage?
01:22:38 - Q&A: Why do some scholars allow conventional mortgages?
01:30:32 - Q&A: How charities can become financially free?
01:33:37 - Concluding the event
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Get in Touch:
If you’d like to talk or have any questions or requests, we’d love to hear from you. Tweeting @IFguru directly will be the quickest way to get a response, but if your question is more complex, feel free to drop us a line on our Forum forum.islamicfinanceguru.com/ - we and the muftis on the forum try to respond to every one!
#investment #startup #investing #shariacompliant #halalinvesting #halalinvestment #islamicfinance #ifg #investingforbeginners #investingtips #investingforbeginnersguide - Zábava
The right intention in increasing wealth was demonstrated by Abu Bakr when he spent all his wealth in the way of Allah when it was necessary.
Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Congratulations 🍾
I will love to be your friend dear as well as sharing some i dears which you're benefiting.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
I can relate to all you said because I am facing similar thing right now. Congratulations I wish you more success.
Hey how good are your earnings I will like to get some insights into trading thank you.
Amazing content brothers. Well spoken!
mashallah really beautiful video more muslims need this
From whatever I have studied and researched, it is really very simple. Wherever you can make good money in the stock market or the financial market, it's forbidden in Islam. By one ruling or another it's Haraam.
Alhamdullilah if that’s the case Alhamdullilah if that’s not the case.
@@AkiimboGaming1As long as you are happy with 0.5% growth rate per annum, it is permissible. Alhamdulillah.
How about bitcoin
According to whatever I have researched, forget BTC, even FX trading is not permissable unless you plan to hold on to the cirrency for some time. How much time is the question.
I personally as a BIG disbeliever in these new or exotic financial instruments. Already buried under the sin of a mortgage and car loan.
Please next time give the mic to those asking questions so we can hear. Bless you all for making these on Islamic investments, unfortunately much of the statements like "scholars around the world all can't be wrong" don't mean much when many or most of them are from a specific group, school, uloom, etc. There is a lot of variance and diversity with opinions from "scholars" around the world today. I doubt IFG n "mufti" could even list more than 200 scholars personally, or even have such a list. Please do better research and make better Islamic financial products so we Muslims aren't drowning is payments and debt til we die. It's such a shame that in most Western countries still after 30-120 years, Muslims and specifically their Islamic teachers and "scholars" haven't come up with solid financial solutions to remove poverty and degeneration from our communities. Until this is done, conventional mortgages and investments are defacto because those in charge of the institions are failing at every step to create financially stable and balanced communities. This isn't rocket science and the bias, tribalism, discrimination, favoritism, is all to present among those in charge. No offence peace and love for all 🤗 ♥
How are we gonna invest if it says this is a high risk and warns people not to invest.?
Was recently in the UK from Zambia and was hoping to get to one of the talks, next time InShaAllah. But please do keep going with your work, it is much needed. Allah keep you in all kinds of barkat ameen.
What is your opinion of crypto staking? Haram?
Maashaa’allaah this is wonderful advice!!
Jazakallaah
Can anyone tell me what is the best Muslim saving account in London and how to get as well
The 1% also partake in compounded interest. Not halal for Muslims which keeps us at a disadvantage.
I was at your Manchester launch at the BMHC. I thoroughly enjoyed your talk and your book.
Jazakallah brothers, this is exactly what I needed at this time in my life. May Allah bless your efforts greatly
Glad it helped
May Allah make it easy for you ))
@@azermamedov163 Jazakallah khair
Waiting for your book to be available as audiobook.
Jazakallah khair brother s
It is possible to have a copy of lectures power points that Ibrahim have on the whiteboard above him?
We can’t see it and that make the video slightly weird.
How to get this book for free ?
Thank you so much for this very informative session. The Q & A part was very useful. Insha'Allah I will purchase your book. JazakAllah.
You are most welcome
Alhumdulillah just purchased the book,very excited for this journey.
can you make a vid like this but focus on everything around crypto and what projects to find which are halal etc since muslims need to know more on this topic. jazakallah
Jazak Allah Hu Ghair for the info, What is the advise for muslim living outside the UK, most of the advise given in the video focus on the UK, do you have halal options also for the Netherlands. or are you open to create something please let get in contact.
Oh, wow! I was also going to ask the same question. I also live in the Netherlands. I will ask around and see if I can find local advice. If I do I will be sure to share it here and if you happen to learn something regarding this topic please share it here as well. Thank you.
Barakallah....I hope it will be translated to Bahasa Indonesia. Indonesia as the biggest Muslim country in the world could benefit a lot from this book.
We'd love that!
Salaam Ibrahim and Mufti Saab - great talk. This is slightly off-topic, but my work pension is through Legal & General, and I don't know how to find out where they invest my pension funds so I can determine whether this is halal or not? Any quick tip/advice would be much appreciated. Jazakallah Khair.
you should be able to change where your pension fund is invested, i would recommend reaching out to your employer if you arent sure how to access this, most of the time you'll be given an account where you can do this
L&G has shariah compliant pension options such as "L&G PMC HSBC Islamic Global Equity Index Fund"
IFG has articles on shariah compliant pensions that should also be helpful
I believe that Legal & General have a customer portal, where you can log into your account and view your pension details. Also, if you email them, they should also be able to advise if they have any 'shariah compliant' pensions available. and Allah knows best.
Legal and general have a shariah Islamic fund. If you log into your account you can change it over.
@@studentofknowledge6431 Jazakallah Khair - extremely helpful.
@@SohaibAshraf Jazakallah Khair - extremely helpful.
So its fine to have a mortgage paying interest!
😂 noo it isn't but the system is set in such a way where either way the bank win and screw us over
Assalamualaikum, quick question, is removing tax withheld from interest haram? hope someone can clarify it. thanks
very interesting. Jazakallah Khair
How did i not know about this??
Sign up to our newsletter and you'll always be in the know ;)
Are you in Pakistan
Thanks a lot for this video it was really insightful!
This was needed! Jazakallah for your efforts.
Glad it was helpful!
Is this book geared towards those in the UK?
It does have a UK slant to it, but alot of the content is general and applicable everywhere.
Asalam aleikum how can I get it in Kenya
@18:00 WAQF - How to leave a legacy through wealth
I want to buy Halal Investing for Beginers book ,I'm from Thailand Can i buy from any way ?
So you have Halal mortgages in the UK? We sadly don't have that in Norway.
There is no halal mortgages in the uk!!!
@@rehanriaz620 why the anger ?
There is no such thing as long as the economybis on fractonal reserve system 😊
@nafizhaq4554 the whole system is based on interest and debt 😅
No you u don't bro I live in the UK il
@1:10:00
Where I can start halal treading
Is bitcoin Halal stock
Some areas are grey... concept itself is ok.. but does it qualify as an asset this is the major concept of Islamic finance.. if this is not an asset like it seems it is not because all the things are going as speculation its not allowed to consider a right option... say there is not basic features of an asset.. no backup like economy or reasoning... so better to focus in any other halal options... be aware that core concepts of Islamic finance is to remove in efficiencies in economy... say like a person posses the skills but don't have capital the other side a guy has some savings but working at something like a job and don't have time and skills to do something extra.. so both of them can join each other to start a partnership where one brings skills and the other brings capital... in this basic concept it imparts value to lower section of economy those who don't have big capital... may Allah know the best and guide us to the right path
How can we invest through your cur8 app as most of us are not sophisticated or high turnover investors? Thanks
Pfida model seems to be fine, yes this is smaller came because they are reliant on findaing but surely Islamic banks should be following a similar model now even if they are paying double stamp duty etc. It certainly seems a more Shahriah complaint model than the current Islamic mortgages.
Bitcoin is you're best option to store your value for money u dont need right away solves so many problems its actually insane
Jazakumullah khairan for this enlightened session, please can the link to the presentation slide be provided?
From Nigeria.
Salaam may allah reward u.
Is bankruptcies islamic halal?
Under uk law if you cannot repay your consumer debt like bank loans, after death it's written off please share your islamic view on this topic.
18:20
These brothers are good comedians as besides the financial topic it was a good religious lecture/reminder for muslims and that's about it. They remind me of Jim’s famous movie with Jeff and who is who well it is tough to say.
It's a book launch, to promote the book and organisation. I'm assuming if you want to know more about the financial aspect you'd need to buy the book
Are you coming to cardiff?
amazing session
What's this Mufti Saab's name?
Mufti Faraz Adam, I believe
i am from Oman. How can i get the book?
Etoro is an Israeli conpany
How do I attend one of these in future? Is there a mailing list to sign up to?
Yup sign up to our mailing list (link in the description) and you’ll be the first to know
what's that conveyor belt system for a gujrati wedding?
Jazzakumullah Khayran. This 1hr+ episode is about basic investing advice and not necessarily about Islamic Finance, technically. Think of it as basic introduction or basic initiation.
Nice 👍
I am trying day trading as a muslim I have so many filters like staying away from the company their products are not halal, but unfortunately I have lost 70% of my saving, if anyone can guide would be appreciated , thank you
What broker do you use or app jazak allahu khairan
@@imensa9409 trading 212
Ive got 15k of debt, just wondering if any brothers or sister's have an advice how i can invest quickly
Bitcoin bro learn how it works get educated and put 5 percent of your net worth in it
Salam aleikum brother. I would consider to start an online business (affiliate marketing)
But intrest are haram, so stick market which is also intrest?
😂 stock market is rigged
Stock market is trading, no interest on it
@@nighatnaqi6797 learn more the whole system is based on interest and inflation is a huge tax on Muslims as they don't take out a loan
@@nighatnaqi6797 😂🤣😂 How stock market works your money given to business that give return to you as like intrest is also a return
Thank me later but this video is actually useless, I tried to watch it but it's really boring and the start is just an ad for their book/website.
The only useful part could be the case-study at 01:04:00
After looking through many investments. The only halal one I have seen in the west is gold. The rest involve riba and or other sins.
The Bitcoin network doesn't have interest
@formetoknow540 it is fake currency so is haraam from my understanding
So true brother. Even halaal stocks have some form of interest/loan involved. So hard to invest in halaal methods, but the reward is far greater with Allah
@aamin6933 buy bitcoin. stocks are rigged and a company can issue more stocks
After weeks of research, I'm starting to get to the same conclusion.
Assalamu Alaikom,
I invested in an NFT project which claimed at first to do halal business such as, creating discord bots and offering services to other project. Lets say i invested 100 dollars. After some time the project faced some failures and they switched to building an online casino. At that time my investment was worth 50 dollars. Now we are sure that the project has haram intent and is doing haram activity. The value of my investment started to go up slowly. Now it is worth 60. Should i wait until i break even with my initial investment or should i sell instantly with a loss?
Barakallahou fikom
1:18:24 answer to your question
@@toshio-tamuracouldn't understand please elaborate
I fasrt learn this course insaallha
Thanks
Salamualeykum, keep up the good work. I wanted to ask a question: Can we invest as muslims in the Msci World?
Same thing as other non muslim so called money experts speak. May be we are getting to Saturday trap. I would like to see that we as Ummah push to remove riba based economic system. Way forward is to get out of riba completely, push for use of gold as currency, push for small business, make Shirkat, push for Waqf. Dont expect that you can beat non Muslims following their same footstep. They know the fraudulent system better than we do.
As a new muslim I am baffled by such video because riba is massive sin after shirk and everything here is related to riba unless you are asking us to raise 300k cash? I.e. in regards to house. Also, anything that accrues interest isnt it riba?
Also shocked why warren buffet is quoted wen we you tryna be 'different' or 'halal'
Could you tell me the book name please?
How to contact these guy
Is it Halal to receive free sign-up bonus stock from brokers? The stock rewarded may or may not be halal. If it's not halal, then is it permissible to sell that and use the cash to buy other halal stock. I have a 1:1 margin account. The benefit of this account is that you don't have to wait for you cash to settle after selling, you can immediately buy even though cash has not settled yet. Is is haram to trade with this account?. Would it still be haram to use this type of account if I only trade with settled cash Show less
Brother pleas tell us to halal investment in INDIA