I've always been a huge advocate to avoid usury (interest), either earn or pay. There is a social and religious specific for this financial reasons and we, as Muslims, are aware of them.
There has always been a source of concern among the Muslim community in Canada, where they put extra money in terms of savings or investments, and earn money from it or at least to hedge against inflation and other factors. On a scientific basis and experience (God knows), and I was able to Dart down following the investment opportunities available in the Canadian market.
investment in goods, for example, gold and silver
was gold and silver historically the best source of wealth to secure over a long period of time. From my research the historical gold prices, which have tripled in the last 20 years. Silver is not far behind. Instead, you may outweigh the gold and silver if we take a different time scales. So let's say you do not someone who has huge amounts of money, and can do significant investments, invest in gold or silver is definitely an option for you. This is just a muslim investment and if you're looking to invest for a longer period of time, let's say saving money for your child's education, invest a few hundred dollars a month should not be difficult. This way you preserve the wealth and, in the meantime, save money for your child's education. You can buy gold from banks or can even buy from a dealer Gold certified in Canada.
There are other commodities that can invest in, but for the local investor will be difficult to store those goods over a long period of time.
investing in stocks IE share
basic logic for why the stock is permissible investments as investors will be rewarded with the company's profits, and will also be a bear losses, if any. There are different types of stocks that can be invested in any period of time based on the horizon of your investment you want to invest for Omkdar risk that can be handled. Moreover, it also matters what kind of income you have in mind what you want to distributions ordinary profits or you are more interested in capital gains (ie IPO companies, which recently launched its shares on the stock market, are best for capital gains)
examples of stocks that can be invested in the Muslims are:
(1). Retail companies
(2). Oil and gas companies
(3). Commercial Companies etc.
There is a list of the kind of companies we, as Muslims, we should not invest in any will not be considered in these investments as halal. Companies that deal mainly in:
(1). Financial institutions of any banks and lending companies
(2). alcohol
(3). Pork and pork-related products
(4). tobacco
(5). Weapons and ammunition
(6). Entertainment
list above is just an example and not extensive.
as a normal person who does not have a lot of knowledge about how to invest in stocks in the Canadian equity markets, the best thing is to get to know the person. It can be a director of the relationships in your bank, a girl researcher who has the financial knowledge and well known financial markets or contact the brokerage will companies.You need to make sure you have explained to them in detail your investment criteria for any type of company you are looking at.
Some banks such as Royal Bank RBC give you an account on the Internet that you can use to trade stocks online. For this you need to have a reasonable knowledge of how the stock and how to analyze the investment opportunity.
land and real estate
If you have enough spare cash that you saved over a period of time and looking to invest in the muslim Options and property and the current land another option for you. People do not participate in the purchase of housing by mortgage and increase its asset base, but this is definitely not a lawful option. So, if you're someone who likes to avoid interest, and should not go to buy houses through mortgage
Now there are two scenarios:
(1). You have enough money to buy a house. In this case you should be searching for the best investment opportunities in real estate and land. I saw people usually invest in more home buyers from purchasing land in Canada. This is not a bad choice and safer. But investment in the ground around the areas that have the potential in terms of growth in the future, and many of the development projects in the pipeline is the thing that can generate higher returns for you.
(2). You do not have enough money to buy a home in Canada. In this scenario, since almost all of us are immigrants here, there is always an opportunity available in your country of origin. You can invest in real estate is smaller there, and once you have collected enough money, you can return here (if your goals are to own property in Canada).
invest in new companies
There are a large number of Muslim businessmen / women want to start new projects, they have good ideas but do not have money to invest. You can find these people in your community or social networks, and we talked about their ideas. If you have financial knowledge, and try to analyze their thoughts, both in terms of the practical application of revenue in the future. If you do not have the knowledge, and have a business plan and then provide these business plan for investment adviser.
You can also create a pool of money with your friends and acquaintances and start a business that you usually can not afford. Invest in new projects, any companies, it is more risky than investing in a business already operating, but if weighed and measured properly and work hard on, can generate better returns than that.
In the end, my knowledge is limited and the above-mentioned options are just suggestions, but I hope they can give you an idea of the muslim investment and saving yourself from the curse of usury (interest). I'd be more than happy to help with any of the foregoing.
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