I started stocks investing last month. I always thought I was late to the party so just never joined but.. I invested in $TSLA last month and you can see the progress. Whenever you start, there’s money to be made.

THREAD: A beginners guide to starting halal stocks investing

Firstly, the things that kept me away was thinking it was haram, not knowing where to start and just the fear of being “late” to it all. As I’ve shown, good stocks will continue to increase no matter when you start. So let’s cover the halal/haram convo and then how to start.

Is stocks investing halal? In short, yes. If the company is sharia-compliant. What forms sharia compliancy? Essentially, the main business of the company, the debt-asset ratio, ethical perspective and a few other things.

IFG go in detail here: https://forum.islamicfinanceguru.com/t/fatwa-is-share-stock-trading-halal-can-you-invest-in-the-stock-market/16

So obviously screening each company to gauge a halal or haram outcome should be left to experts? That’s where @zoyafinancial comes in. Zoya is run by islamic finance experts and you can simply search for a stock and see the verdict like so

There are also stocks that might be sharia complaint, but as Muslims we should avoid. Companies that take advantage of sweatshops and slave labour or companies supported by governments persecuting the innocent, we should refrain from investing in.

So, now we know investing is permissible AND we know how to find halal stocks, what next? Now it’s choosing a platform to trade in. The best I’ve seen for beginners which has no fees is @Trading212. It’s simple to follow and perfect for any level, especially for a beginner.

AVOID the CFD option as this is not permissible. What you want to go for is either the ISA or Invest options or even both. Essentially, an ISA account allows £20,000 worth of investments to be completely tax free each year. No brainer

Once you have your account open, you can start to invest. I can do a whole other thread on advice that I’ve picked up over the month but essentially, do your research and start. There is always risk involved but Ideally think long term. The best companies always continue to grow.

If you’re finding this thread useful and looking to start, use my Trading212 referral link and get a stock worth up to £100 completely free when you start. No brainer again and ofc helps me too

http://www.trading212.com/invite/GIqAVJ5C 

I’ve also made some absolute CLANGERS in the past month like this beauty right here. I’m thinking long term so inshallah it picks up again in a few months and overall i’m up by almost £100 in just one month. Better than sitting in a current account that’s for sure.

Lastly, for those that want a less riskier option, I can do another thread on investing in funds. A much much safer option but ofc limited in returns. Next thread can be either that or tips and advice on stocks investing. You choose:

One more thing, I hope I’ve made it clear that stocks investing is RISKY. I’ve shown you two trades on completely opposite ends of the spectrum. Big wins but potential for big losses too. You have to be almost willing to lose to invest in stocks. Basically, i’m not selling dreams