Iman Fund (IMANX) Review
Practical Islamic Finance
by Fajasy
5M ago
In this article, we'll provide an in-depth review of the Iman Fund (IMANX), offered by Allied Asset Advisors. Founded in 2000 in the U.S., this mutual fund has $150+ million in assets under management (AUM) as of writing and is one of the few established mutual fund options for Muslim investors. By the end of this article, you will gain a clear understanding of the Iman Fund (IMANX) and be able to determine whether it is a worthwhile mutual fund investment for your needs. Allied Asset Advisors' Iman Fund The background behind the Iman Fund can be found on the fund's page: Iman Fund is distinc ..read more
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Azzad Ethical Fund (ADJEX) Review
Practical Islamic Finance
by Fajasy
5M ago
In this article, we'll provide an in-depth review of the Azzad Ethical Fund (ADJEX), offered by Azzad Asset Management. Established in the U.S. in 2000, this mutual fund currently manages $124+ million in assets under management (AUM). It stands out as the sole mid-cap U.S. equities growth mutual fund tailored specifically for Muslim investors. By the end of this article, you will gain a clear understanding of the Azzad Ethical Fund (ADJEX) and be able to determine whether it is a worthwhile mutual fund investment for your needs. About Azzad Asset Management Azzad Asset Management, founded in ..read more
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IShares MSCI USA Islamic UCITS ETF (ISUS/ISDU) Review
Practical Islamic Finance
by Fajasy
5M ago
In this article, we'll provide an in-depth review of the iShares MSCI USA Islamic UCITS ETF (ISUS/ISDU), offered by BlackRock. First established on the London Stock Exchange (LSE) in 2007, this ETF currently has $174+ million in assets under management (AUM). The fund provides direct exposure to large and mid-cap U.S. companies and claims to adhere to Shariah investment principles. By the end of this article, you will have a clear understanding of the ISUS/ISDU ETF and will be equipped to assess whether it's a worthwhile investment fund for your needs. About iShares by BlackRock iShares is a s ..read more
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Do You Owe Zakat on Retirement Savings?
Practical Islamic Finance
by Rakaan Kayali
6M ago
The topic of zakat on retirement savings, such as 401k's and IRA's in the United States, is of paramount importance to Western Muslims who often keep a majority of their net worth in these types of accounts. With exception to the eight causes it is acceptable to pay zakat to, the topic of Zakat in the Qur'an is an aggregate principle without much detail. The Qur'an does not give rates, nisab, kinds of wealth that are zakatable, or the conditions for zakatability. Sunnah, verbal and practical, provides the details of Zakat. Allah swt says ..read more
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Why Is Interest Haram? 10 Eye-Opening Reasons
Practical Islamic Finance
by Rakaan Kayali
6M ago
Interest on debt (Riba) is prohibited in Islam. In fact, any lending for profit is prohibited. Lending should never be a business and should only be done as charity. The Bible prohibits interest-bearing debt but unfortunately, over time, Christians decided to ignore its prohibition. The Torah also prohibits interest-bearing debt between Jews but they also decided to ignore this prohibition. In this article, we'll delve into the question, "Why is interest haram?" and why it's crucially important for Muslims to steadfastly uphold the prohibition of interest-bearing debt (Riba). Here are 10 compe ..read more
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Sharia Screening Stocks: Why 5% Needs a Rethink
Practical Islamic Finance
by Rakaan Kayali
6M ago
I've always been uneasy about the arbitrary 5% limit on haram revenue for Sharia screening stocks, especially since this threshold has no grounding in the Quran or Sunnah. Yet, I hesitated to challenge the existing 5% limit, as it appeared to be a reasonable approximation of what could be considered permissible. I realized that a 0% limit on haram revenue wouldn't be practical, as it would essentially exclude Muslims from the investment arena altogether. There simply are no companies that are perfect from a Sharia perspective. At the very least the company keeps its money in a bank which enabl ..read more
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Our Newest Pick for PIF Dividend Portfolio [Members Only]
Practical Islamic Finance
by Rakaan Kayali
9M ago
This is a privilged post reserved for PIF members only. Consider becoming a PIF member here! Password: The post Our Newest Pick for PIF Dividend Portfolio [Members Only] appeared first on Practical Islamic finance ..read more
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Our Newest Pick for PIF Growth Portfolio [Members Only]
Practical Islamic Finance
by Rakaan Kayali
10M ago
This is a privilged post reserved for PIF members only. Consider becoming a PIF member here! Password: The post Our Newest Pick for PIF Growth Portfolio [Members Only] appeared first on Practical Islamic finance ..read more
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Guidance Residential Review: Is their product halal?
Practical Islamic Finance
by Rakaan Kayali
10M ago
Guidance Residential is a U.S.-based company that claims to provide home financing solutions compliant with Islamic law (Sharia).  In fact on their site, they boast: Over $10 billion funded Over 35,000 families served Needless to say, they’re a big player in Islamic finance. Here’s my review of their product and whether I assess it to be Sharia-compliant. As always, the views in this article are my own, make sure to do your own due diligence. Let’s dive in… Use Case The Guidance Residential product is used to finance home purchases. For e.g. You want to buy a house that is on the marke ..read more
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Nvidia: A Bright Future and the Current Valuation Conundrum [Members Only]
Practical Islamic Finance
by Rakaan Kayali
10M ago
This is a privilged post reserved for PIF members only. Consider becoming a PIF member here! Password: The post Nvidia: A Bright Future and the Current Valuation Conundrum [Members Only] appeared first on Practical Islamic finance ..read more
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