How to Find Halal Stocks?

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2 жыл бұрын

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How to find halal stocks?
This video covers the method used by Rakaan Kayali and Practical Islamic Finance to ascertain their comfort level investing in a stock from a halal perspective.
To find Halal stocks, ask the question: which companies increase the amount of mercy there is in this world?
Then answer the following questions:
1- What products/services does the company sell to generate its revenue?
A good rule of thumb is no more than 5% of revenue should come from haram sources.
2- Does the company rely on interest (Riba) to operate?
Compare Interest Income to Total Revenue and Interest Expense to Total Operating Expense and aim for a ratio that is less than 5%.
3- What is the company’s ESG impact?
Look at the impact the company has on everyone and everything it comes into contact with. Whether this is the environment, suppliers, employees, customers or investors.
Let me know what you think in the comments!
Disclaimer: Anything you hear in this video is an opinion. It is not to be considered personalized financial advice. Make sure you do your own due diligence before making any investment decisions.

Пікірлер: 45

@Moe-bg1or 2 жыл бұрын

Thank you brother! Subscribed! Keep up the great work.

@zaqyright521 2 жыл бұрын

Alhamdulillah. Terimakasih ilmunya. Appreciate it so much. Barakallahufiikum

@quran_translations_ 2 жыл бұрын

Probably the best hadith you’ll ever hear 💯 Aws bin Aws narrated: Allah's Messenger said to me: "Whoever performs Ghusl on Friday, and bathes completely, and goes early, arriving early, gets close and listens and is silent, there will be for him in every step he take the reward of a year of fasting and standing (in prayer). At-Tirmidhi (496) *Sahih hadith*

@rakanONfire 2 жыл бұрын

Great video! I think it would be great to see your take on how you would go about purifying the impermissible elements in your investments.

@rishansawahir650 2 жыл бұрын

JAZAKALLAHU KHAIRA for your efforts. A great video Rakan brother. keep up your good work.

@myislamicpersonalfinance 10 ай бұрын

Nice 👍. Thanks for breaking it down 👍

@sarahdahani8272 2 жыл бұрын

So much valuable information! Thank you so much for sharing!

@isfandyaraslam8799 2 жыл бұрын

In a previous video you made a point about how one should not be shy in sharing openly the stock he/she has purchased. Whether this would classify as another criteria or not, I think it's a(n excellent) point worth mentioning (again!). I appreciate how the ESG element may cater for this, but this could act as a further check and balance.

@defguy319 2 жыл бұрын

No joke, would you be open to either teaching a course or a video walking through an example of determining if a stock is Halal? Ramadan Kareem as well!

@Hazartabban 7 ай бұрын

Thank you for your input. I did not find the list.

@talal-az 2 жыл бұрын

Hello, always great to watch your videos. I would like to know your opinion on the shariah perspective of owning Chinese stocks at the moment given their weird structure, i.e since there’s a Variable interest entity (VIE) in which investors own shares in the profits rather than in the company itself due to Chinese restrictions on foreign ownership. Would appreciate your view, thanks

@hishamalvarez4957 2 жыл бұрын

Mashallah brother Rakan, great job! Which companies are bringing rahma to the world? What products or services does the company generate for its revenue Doss the company rely on interest to operate? (Use Rakan's gold standard) What is the company's ESG? Look at enviornment, suppliers, employees, at what cost does the product come?

@busaribilkis786 2 жыл бұрын

Thank you for this info.Pls would you mind listing some Halal ETF,index fund and how someone resident in Nigeria can invest in the u . s market

@Hazartabban 7 ай бұрын

I have a question about the apps. Like Zoya. I checked few stocks that change from Sharia compliant to non compliant over time. How to deal with this change if we already bought these stocks and did not think to go and check the stocks again?

@mohammedbaleegh4657 11 ай бұрын

Thank you very much. But I have a question. When you talk about investing in companies that deal in riba (whether giving or taking), you mentioned the 5% rule, or the judgement call. I want to know the source from where this rule is derived, is it from a book or from any Islamic scholar? It is important to clarify this because Allah SWT says in the holy Quran "and do not help one another in sin and transgression" (Surah Maaidah). In light of this Ayah, even if the company is dealing in minimal riba, I am basically consenting to that action by holding shares in it, since the company acts on behalf of the shareholders. I would be grateful if you could clarify this doubt. Thank you again

@afnanahmad4266 2 жыл бұрын

walaikumassalam great video ..! sir can you review MRHB token ?

@paymon1327 2 жыл бұрын

ASAK. Can you please advise on polestar stock PSNY. Specifically if you feel it is halal. Thank you brother. It seems to go public they merged with GGPI. I am a novice in this field so I appreciate any advise.

@YellowMohamad1234567 2 жыл бұрын

Salam Alikum would going into A roth IRA or a 401k be halal/haram and if you can go in detail about it. Jazakallah khair

@muhammadlalim8275 2 жыл бұрын

How do you define or make a conclusion about any Crypto is Halal Or Haram?

@rayanamer4359 2 жыл бұрын

Is there a list for halal stocks?

@Moe-bg1or 2 жыл бұрын

Is Starbucks halal? I’m considering it only if it’s halal, considering they’re at the 52 week lows and have a good business model.

@aimanhamad21 2 жыл бұрын

I want to trade halal stocks but even though there is a broker with free swap they say that CFDs are haram and I'm in a mess, can alien help me which platform is % 100 halal?

@deqasuleiman1290 Жыл бұрын

Use interactive brokers with cash account since it does not have swap About halal stocks it is good to trade islamic companies i trade with ones from Saudi

@halgankanolosha8298 Жыл бұрын

@@deqasuleiman1290 can mention the saudi company that you trade with. Plz.

@yesman5206 Жыл бұрын

Can we do future and options?

@practicalislamicfinance Жыл бұрын

have some free materials on this. Check out: practicalislamicfinance.com and search.

@ahmadsolehyn295 2 жыл бұрын

Always remember to donate whatever percentage of your profits that comes from haram sources

@mubashershafique5038 2 жыл бұрын

Asslamaulikum My question is that is it halal to invest in tritium dcfc electronic charging company i was unable to find much details about this company .saw news that us ll b investing trillions in such climate loving technologies

@maheraberu2000 2 жыл бұрын

What to do with stocks, in my case alphabet stocks, if the stocks seems to be not according to Islamic rules? When I bought stocks from Alphabet, I didn't pay attention to the fact that the majority of revenues by ads can come from haram sources.

@rakanONfire 2 жыл бұрын

My opinion would be to sell your shares and give away any profit. If you are currently at a loss then I suppose it wouldn't hurt to wait and break even.

@fortunekitten5210 2 жыл бұрын

Assalamualaikum. The discord link seems to be invalid/expired.

@mohammadalaraf2836 9 ай бұрын

Can anyone tell if buying fractional stocks halal or haram?

@garybaxter3871 4 ай бұрын

Bio stocks, ex SEN

@redwon 6 ай бұрын

What scholars have suggested this 5% rule and what is their proof for it? Our love of wealth shouldn't overtake the rules of Allah

@mohammedsafwan8196 2 жыл бұрын

Is crypto halal? Someone plz reply

@smartappeal7296 2 жыл бұрын

Sorry bro, you talk about interest and stocks so please explain us how would a company finance it's growth without debt and interest knowing that nobody on this earth would give these companies some money except with a small fee which is the interest rate ? Moreover, the one who is doing wrong is the one who gives the money not the one that is obliged to do it. These rules seems not to take the reality of the economy into consideration and rather reflect in a bubble that has nothing to do with Islam maybe. Would you mind discussing this topic in your videos please?