I’m excited to announce that today I launched my first online course. This is the perfect solution for those who prefer an audio-visual learning experience over reading a book.
My goal with this course is to help students invest and build wealth the halal way, have control over their finances, buy real estate with as little as 5% down and without paying interest, and have a solid retirement plan.
There are plenty of books and resources out there that teach how to invest, how to manage money, how to plan for retirement, etc. But how many of these are specifically designed for Muslims living in Western countries? This course addresses that issue and is presented in an easy-to-understand manner.
Check out the course at:
In Islam, we believe the charity does not decrease one’s wealth. We also believe that it’s our duty to help our fellow human beings out of the blessings God has bestowed on us. Prophet Muhammad (peace be upon him) stated:
“Charity does not in any way decrease the wealth and the servant who forgives, Allah adds to his respect; and the one who shows humility, Allah elevates him in the estimation (of the people).” (Sahih Muslim)
Hence, I’m proud to announce that half of all royalties from the sale of my book will be donated in charity, insha’Allah.
Conventional bonds include corporate bonds sold by corporations and Treasury bonds sold by the government. These are considered debt investments.
Basically, the investor is making a loan to a corporation or the government. The investor will receive a principal payment after the bond matures, or expires, but will also receive regular interest payments during the life of the bond. Because of these interest payments, or coupon payments, conventional bonds are not considered halal, or permissible, investments according to Islam.
There is another option for Muslims, though, called sukuk. Sukuk are sometimes called Islamic bonds. Sukuk are typically sold by foreign governments or companies. As with conventional bonds, these governments and companies sell sukuk to raise capital, promising to pay back the principal amount, but they also pay out small distributions during the life of the sukuk. These aren’t fixed or guaranteed amounts, so technically it’s not an interest payment.
Sukuk are completely asset-backed, and those assets are being used to generate the income that allows for the distribution payments. Additionally, there is shared risk between the entity selling the sukuk and the investor.
Sukuk are considered a capital preservation investment. Sukuk provide a great way to diversify one’s portfolio so you have money invested in something other than the stock market. They won’t have high returns, but are relatively safe and definitely a better option than letting your money sit in the bank and lose value because of inflation. If you are setting aside money for a down payment on something or a college education, sukuk might be the right choice for you.
To learn more about sukuk and how to invest in them, check out my book, Open the Door to a Wealthier Life, available on Amazon in paperback and Kindle format. Thanks for reading.
As-salaam-alaikum and welcome to my blog.
As Muslims, we have restrictions on how we can earn and invest money. It may seem like we are limited in our options, but in reality, the purpose of prohibitions is to keep us from harm. Plus, it actually simplifies things.
If you are looking for halal ways to make money and halal investing opportunities, you’ve come to the right place. I recently completed my book, Open the Door to a Wealthier Life. I not only explain how to get started in investing based on Islamic and ethical principles, but so much more.
What you will learn:
- How to enhance your skill-set
- How to maximize your income
- How to minimize your expenses
- What investment choices are available
- Why to even bother investing your money
- The difference between various investments
- Which investments are considered halal and which are not
- How to get started in investing on your own with minimal cash
- How to finance a home without paying interest
- How to prepare for retirement
A wealth of information awaits. Are you ready to open the door?
My book is available on Amazon in paperback or Kindle format.
Click here to purchase the paperback version.
Click here to purchase the Kindle version.