One of the biggest challenges in halal investing is mitigating risk. In conventional (non Shariah-compliant investing), investors use bonds or GICs (Guaranteed Income Certificates) to lower their risk and exposure to the stock market. However, since these investments are interest-based, they can't be part of a halal portfolio.
A halal portfolio needs to be composed of equities, or shared ownership in real assets, such as companies which produce goods and services. Since businesses may make profits as well as suffer losses, this is where the risk comes in. While the fates and fortunes of individual businesses may go up and down, most businesses still need to occupy some real estate. One way to mitigate risk and diversify a halal portfolio is to invest in a Real Estate Investment Trust (REIT).
In this time of global economic uncertainty, being an investor is stressful. If you have a halal portfolio, you may even feel the ups and downs of the stock market even more than conventional investors. This is because a Shariah compliant portfolio would exclude interest-based investments like GICs (Guaranteed Income Certificates) and bonds. These investments provide predictable incomes and don't change in value the same way stocks do. Without such fixed income investments to mitigate risk, investors with halal portfolios are particularly sensitive to stock market volatility.
What is the purpose of wealth in Islam? What's our priority with money?
The COVID-19 pandemic has presented much challenges as well as opportunities for businesses and professionals.
ShariaPortfolio Canada's CEO Naushad Virji held ZOOM webinar on Wednesday, April 15 at 7:00 PM EST.
Chartered Investment Manager (CIM) Sameer Azam is presenting two information sessions on investing with the Muslim Neighbour Nexus in Mississauga this November.
FINISPIA is a stock screening tool designed for making Islamic investment easier by making it easier to find out which stock is halal and which one is not.
Just a few decades ago, the only way that many Canadian Muslims could get zabiha halal slaughtered meat was to go to a local farm and slaughter it themselves. Today, the availability of halal meat from street food vendors, in supermarkets from brands such as Mina Halal, and franchises like Hero Burgers is a testament to the growth of the halal industry in Canada.
When Mihami Shash started a new job, one of the benefits she was offered was the opportunity to participate in the company’s matched-RRSP (Registered Retirement Savings Plan) program. The company had set up a number of investment options that the employees could use to save for retirement and as an incentive to invest in these, the company would match each employee's contributions.
One of the biggest challenges Muslims face when it comes to reconciling their faith with their finances is home ownership. With house prices starting in the hundreds of thousands of dollars, how is it possible to buy a house without borrowing money through an interest-based mortgage?
The National Council of Canadian Muslims (NCCM) Denounces Slur Against Minister Omar Alghabra, Demands Apology from BQ Leader
Watch the Black and Muslim Panel presented by Students from the University of Western Ontario and McMaster University on January 15
National Council of Canadian Muslims (NCCM) and the Alberta Muslim Public Affairs Council (AMPAC) Unite to Further Combat Islamophobia in Western Canada
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