He is trying to avoid riba and interest.
What Is a Sukuk? Sharia-Compliant Bond-Like Financial Instruments
A sukuk is a bond-like financial product that complies with Islamic finance (sharia) rules.
My Investing Advice
- Thread starter Hilmaam
- Start date
Yes. It’s very good book I’ve studied it plus studying business and accounting
in my opinion we shouldn’t spend time on earning reports or charts or any technical analysis just buy etfs that’s it’s. This is what Warren buffet bet is about and also what statistic show as best likelihood of succeeding. buy ETFs and mutual funds and hold for long term. Best way to avoid the wolves of wall street
Garaad Awal
Former African
I also have normal investments but trading is far more lucrative than only investing long-term if you are smart and understand risk management.
Garaad Awal
Former African
Mutual Funds are the biggest scams on planet earth. ETFs aren’t good for those of you trying to avoid certain companies unless there’s an Islamic ETF in your country
Do you buy stocks on the Toronto stock exchange ?
Garaad Awal
Former African
Hell no
America we have Islamic options fortunately. The Orthodox Jews also have certain investment tools they use to met their religious needs. Very similar to Muslims they also use it for buying houses
He is trying to avoid riba and interest.
What Is a Sukuk? Sharia-Compliant Bond-Like Financial Instruments
A sukuk is a bond-like financial product that complies with Islamic finance (sharia) rules.www.investopedia.com
Almir colan has an excellent podcast on Islamic finance. He explains which financial products are haram and why in easy terms.
He explained things in lay terms and it was very easy to follow.
TheLand
VIP
This isn’t true at all. 1 famous example is roaring kitty, a guy who taught for a living and rented. He made millions off GME. He is definitely an outlier but he was also a CFA who loved to invest and trade so it can be done given the right education and temperament. Problem is nobody will ever teach you this stuff.
TheLand
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Any other examples?
TheLand
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A lot of people think day trading isn't possible in any way and I get why, its completely misrepresented in what it actually is for the most part, people think its this get rich quick scheme where all they have to do is gamble on stocks and they'll make a fortune—this thinking obviously leads to mindless gambling and a loss of money. The reality is that trading is a skill that you will have to develop and a hard one at that, that will take years for most people, but nonetheless day trading is possible.
The statistics about the vast majority of day traders losing money is very true but its worthless without proper context, these statistics tend to come from trading platforms and its just thousands of newbies that know nothing about it, no proper training, education or plan to go about it. Imagine a "doctor" with no education or training that at best watched a few YouTube videos or read some books tried to do a surgery? of course its going to end up badly, when you're misinformed or unprepared failure is an inevitability.
The statistics about the vast majority of day traders losing money is very true but its worthless without proper context, these statistics tend to come from trading platforms and its just thousands of newbies that know nothing about it, no proper training, education or plan to go about it. Imagine a "doctor" with no education or training that at best watched a few YouTube videos or read some books tried to do a surgery? of course its going to end up badly, when you're misinformed or unprepared failure is an inevitability.
