Sunday, 15 March 2015

Halal Investments (Non-Tax Saving)


I have already discussed about Halal Tax Saving:


Following investments are not related to tax saving but general investments I can think.
Please comment and add your suggestions so that I can update this blog article with your help.


1. Gold


Probably one of the easiest and safe investments. Steady increase in value and invest in small amounts.
Update: Added an article in detail.
Halal Ways to Invest in Gold



2. Real Estate


Now I am not talking about taking a house in a city. That is out of question for most of us who won't take loans. Am talking of taking in your native village. Cost of land/ shops/ houses has been rising all over India. So you could buy it in your village too as it will be affordable. Mind you that buy only in a place you are well known about and not some unknown place.
  1. Agricultural/ Non-Agricultural land
  2. Village House
  3. Shop if major road passes through village.

3. Livestock

If you live in village and can get people for the same, having your own livestock can be a good investment.


4. Business of a trusted relative/ friend.

Probably the best way of investment. Note however the person should be a well-trusted and hard working one. And the share of business and terms be decided before hand.
If the business venture makes profit, you get your share. If it makes a loss, you do make a loss.
But this is undoubtedly the best way.

5 comments:

  1. Thank you for being so clear. This is the first blog I have found that simplifies matters instead of complicating them further.

    I just read on something called Sukuk. Can you please tell me more about it?

    ReplyDelete
  2. I have invested in ICICI Prudential Long Term Growth Mutual Fund (Debt Fund), Taurus Ethical Fund & L&T Infrastructure Bond. I would like to know whether my investment is according to shariah or not. Please help me.

    ReplyDelete
    Replies
    1. I have already discussed this in following links:
      Islamic Shariah classification of Mutual Funds in India
      Shariah Compliant Mutual Funds in India: Are they really Islamic?
      Infra and Debt are 100% haram investment since they are interest based.

      Delete
    2. assalamualaikum

      go for tata ethical fund it is 100% shariah fund.

      Delete
  3. Influential is all that is in this blog, Cleverly built by the author.
    Ramadan Macedonia

    ReplyDelete