I am Muslim so I have certain regulations I can invest in, this is the ruling.
Islamic principles require that investors share in profit and loss and that they receive no interest (riba),
I should not receive interest too, do I understand the guidelines completely no if any Muslim explains it more that would be great. Because isn't investing in any company hold the risk of the shares dropping the I lose money and if the shares increase I gain money then why are a lot of companies not halal to invest it?
I have done some research and found out that SPUS index and HLAL index are halal and I as a Muslim can invest in them but how do I do it, do I go to the bank and open an investment account and but their stock? I don't live in the USA can I still buy that stock? and how much should I invest? I currently have 17k lira nearly 600 USD, it my whole monthly paycheck since the minimum wage is 17k lira a month, anyways I am willing to take the risk,
Submitted January 16, 2024 at 02:29AM by void-co https://ift.tt/z82cTuh
