Money & Investing
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From personal finance tips to halal investment strategies, we're here to help you navigate the world of money 💸 Muzz takes no responsibility for the accuracy or uptake of financial advice shared in this group.
Questions for the Men here. What's stopping you from requesting a prenuptial agreement?
Jafar on Instagram: "The scholars knew. They always knew. Ibn Taymiyyah warned us in the 14th century that currency debasement is the tyranny of the ruler. And here we are, centuries later, watching the Fractional Reserve Banking System do exactly what the scholars described as oppression against the people. When Islamic Finance students discover that Ibn Taymiyyah, Ibn al-Qayyim, and classical Islamic scholars already diagnosed the disease of modern monetary policy , the reaction is priceless. Think about it. Every time a central bank prints money out of thin air, every time banks lend money they don't actually have, every time inflation eats your savings , that's debasement. That's what the scholars called Zulm (injustice). That's what they called the abuse of economic power over the common people. Islamic economics isn't just about avoiding Riba (interest). It's a complete monetary justice system that protects purchasing power, preserves wealth, and holds rulers accountable for economic corruption. The gold standard in Islam, the prohibition of Gharar (uncertainty), and the rules around sound money , it was all designed to prevent exactly what central banking has normalized today. The more you study Islamic Finance and Economics, the more you realize , this isn't ancient history. This is the most relevant financial philosophy in the world right now, especially in an era of inflation, currency devaluation, economic inequality, and banking system failures. The scholars didn't just leave us rulings. They left us a blueprint for financial justice. #islamicfinance #islam #salafi #khilafah"
https://www.instagram.com/reel/DX_cTILAHkM/?igsh=NTc4MTIwNjQ2YQ==
The tax system just feels like daytime robbery. You earn an income- you get taxed 20 to 40% of your income in the UK
You own a car - you pay road tax
You buy fuel ⛽ - you pay tax
You have a house- you pay council tax
You buy food- you pay tax
You watch TV - you pay tax disguised as TV Licence 📺- (you get arrested/imprisoned if you don't pay it.)
I bet if we really calculated the real amount of tax paid, it could possibly amount to over 50% especially if you are in the 40% tax bracket. Imagine someone taking nearly half of your
money 💰 all at once 😲 We don't actually feel this daytime robbery at present because it's done bit by bit 😅.
Those who are deep in the investing game, where did you start? I’m always hesitant
Anyone who can advise further, please do
Barak Allahu feekum
May Allah guide us so we are not only focused on chasing this Dunya 💰 all the way to the grave 😞 and make us those who constantly strive to never miss their prayers.
One of my favourite copes from highincomecels and/or HNWcels is the glazing of riba, astagfirullah.
E.g. not paying off mortgages despite having the means to do so
E.g. financing luxury vehicles
"the market returns are higher than the interest rates", or some variation thereof
They're rats in the maze, thinking they're geniuses when in fact they've been psyopped/nudged.
Inability to build wealth and/or live a luxury lifestyle without resorting to riba is a skill issue, among other issues.
There's recent data from the US that people earning approx 300k to approx 500k, IIRC, are the worst at managing lifestyle inflation.
(can't remember exact numbers, but the band didn't start at ~100k)
Is anyone knowledgeable in Islamic finance who can guide me on how to start shariat compliant investing?
I've looked into SIPs and some MFs in India, and from what I've researched, many of them appear to be non-compliant because a significant portion of their investments involve riba-based banks. (Please don't turn this into a debate about whether it's haram or not , I follow the opinion that it is.)
I know gold is one of the better options, and I already plan to invest in it. However, as a salaried person, I'd like to invest around 20–30% of my income and build long-term wealth in a halal way.
I do feel that researching individual companies and investing directly in halal stocks may be one of the best approaches. The problem is that I don't realistically have the time to thoroughly research every company before investing, especially while working full-time.
Can anyone with knowledge or experience in Islamic finance suggest suitable investment options or resources to learn from?
God already gave us a blueprint to secure the 💰
