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I want advice about Indian stocks that are shariah compliant
First paycheck. I want to start investing, not sure where to start or how to.
Retrieve ETF holdings and invest / rebalance automatically
To EVERYONE that holds GME
Mentions
Mostly religious, but also because that’s how I started investing. When I first began investing, I used HLAL and SPUS as my core holdings because they provide broad market exposure while following specific screening criteria. As I got more comfortable, I gradually branched out into individual stocks, but I still keep HLAL and SPUS as part of my portfolio because they’re diversified and align with my investing preferences.
Wahed FTSE USA Shariah ETF (**HLAL**) That's wild! Any reasoning for this? Or is your motivation religious?
I always had HLAL and then slowly started buying SPUS (even tho they pretty much have the same holdings) so it was just diversifying my ETF.
Out of curiosity, why did you buy both SPUS and HLAL when they are so similar?
"Buy and hold" isn't for individual stocks. "Buy and hold" is for things like broad indexes / mutual funds. An S&P 500 index fund is something you buy and hold. You're already diversified, and you're just betting on the long-term growth of the economy. It's designed to be passive investing. Individual stocks, you buy when you have built a thesis that the company is worth owning, and sell when you decide that thesis has changed and it's not worth owning. That might end-up being a long-term hold. It might not. But it takes thought and research. It's active investing. IMHO, especially based on your other comment replies saying things like the below, I think your strategy is more luck than skill: >That’s the problem, I don’t have a thesis and fundamental to follow. The truth is that you have WAY too many stocks to develop a thesis on all of them, especially if you're working a full time job and trying to also do things outside of your work as most early-30s people do. You're heavy in tech, which has been good, but you're benefiting from high exposure to a sector rather than, IMHO, sound trading strategy. Even your funds (HLAL/SPUS) are heavily in tech. You likely would have done similar just throwing all your money in QQQ. If you want to develop as an investor, I'd suggest paring a bunch of this down and reinvesting them into index funds. You can do things like VOO (S&P 500) or VTI (whole US market) or QQQ (Nasdaq so tech-heavy), or even HLAL/SPUS if you have religious reasons you want those types of funds. Then, with a smaller portion of your overall investment pool, start actually figuring out how to evaluate individual companies. Work with no more than 3-5 companies. Develop a thesis on the company, a reason for investing. Before every investment part of your thesis should be the question "what would cause me to exit this investment in the future?" so you know when to spot a stock that no longer fits your thesis. IMHO that's the next step if you want to be an active "investor". And if that sounds like too much work? Just invest in the indexes and let it compound. For most people, that ends up with higher returns anyway 😉
HLAL and SPUS have pretty similar holdings so you might consider just keeping one of them. That's the only real "easy" choice. In general though I typically only sell when either my thesis for investing has changed or when the money is better used elsewhere.
Halal ETFs! UMMA, SPUS, HLAL, and WHED
Halal ETFs! UMMA, SPUS, HLAL, and WHED
Oh mashallah. I am also a Muslim!! I'll look into HLAL. Please do let me know if you come across any others? Thanks 🙏
I did a lot of DD on these stocks and they all done me 50-100% :) Ermmm I'm a Muslim so only the halal ones... example: HLAL
Look into HLAL for US coverage? It doesn't seem to have much overlap with a US defense ETF (ITA), only a single shared holding: AXON ENTERPRISE INC (do you consider Tasers to be over the line?) at 0.2% of HLAL.
Salaam everyone, I just made my first halal investment today Alhamdulillah. I’m 20 and new to this whole investing thing. Just bought 1 share of SPUS (the halal S&P 500 ETF) on Wealthsimple. Planning to start small and put in like $50-100/month consistently. If anyone has advice for someone just getting into it, like: What should I keep in mind early on? Any beginner mistakes to avoid? When should I think about individual halal stocks? Is HLAL worth looking at next? Appreciate any wisdom. May Allah put barakah in all our efforts. Ameen.
There is a 10 month old thread on r/IslamicFinance on the company. The consensus is that you should invest directly in their funds, like HLAL, instead of through Wahed Invest to avoid extra charges. [https://www.reddit.com/r/IslamicFinance/comments/1bo6f13/wahed\_invest/](https://www.reddit.com/r/IslamicFinance/comments/1bo6f13/wahed_invest/)
Should I sell on market open? I have money in HLAL.L (an FTSE ETP) it exploded today by 14%. So should I put in a market on open order to sell? For context, I don’t know much about investing, I’m just a student with a couple thousand so I threw it into a decent looking investment, instead of leaving it in the bank. Any advice would be greatly appreciated.
I am assuming that you are seeking Shariah compliant investments. There are several Shariah compliant investments which are available including a Shariah compliant indices from S&P Dow Jones - [https://www.spglobal.com/spdji/en/index-family/equity/shariah](https://www.spglobal.com/spdji/en/index-family/equity/shariah) The $SPUS ETF can provide exposure to US large cap stocks. For Boglehead based investing - there are suggestions for constructing a Shariah compliant Boglehead portfolio here - [https://www.bogleheads.org/wiki/Sharia\_investing\_for\_US\_investors](https://www.bogleheads.org/wiki/Sharia_investing_for_US_investors) There are some other Shariah compliant funds available which can provide broader exposure such as $HLAL and $UMMA. [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) SPFunds also offers a REIT. For mutual funds - there is an actively managed Shariah fund - [https://investaaa.com/](https://investaaa.com/) There are also Sukuk bonds for the fixed income portion of a diversified portfolio. For example - SPFunds - SPSK. This investment manager also offers Sukuk bond mutual funds - [https://www.saturna.com/amana/participation-fund](https://www.saturna.com/amana/participation-fund) Lastly - for generating cash yield without interest - it may be possible to use box spreads - although more research is required to determine if it is considered Halal. You can also find a subreddit for Halal investing here - [](https://www.reddit.com/r/HalalInvestor).
I am guessing that you may be Muslim. If so - how strict are you with Shariah compliant investments? I am asking because I don't believe that SPY is considered halal. If you wish to invest only in Shariah compliant funds - There are several Shariah compliant products which are available including a Shariah compliant indices from S&P Dow Jones - [https://www.spglobal.com/spdji/en/index-family/equity/shariah](https://www.spglobal.com/spdji/en/index-family/equity/shariah) The $SPUS ETF can provide exposure to US large cap stocks. For Boglehead based investing - there are suggestions for constructing a Shariah compliant Boglehead portfolio here - [https://www.bogleheads.org/wiki/Sharia\_investing\_for\_US\_investors](https://www.bogleheads.org/wiki/Sharia_investing_for_US_investors) There are some other Shariah compliant funds available which can provide broader exposure such as $HLAL and $UMMA. [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) SPFunds also offers a REIT. For mutual funds - there is an actively managed Shariah fund - [https://investaaa.com/](https://investaaa.com/) There are also Sukuk bonds for the fixed income portion of a diversified portfolio. For example - SPFunds - SPSK. This investment manager also offers Sukuk bond mutual funds - [https://www.saturna.com/amana/participation-fund](https://www.saturna.com/amana/participation-fund) A subreddit for Halal investing can be found here - [](https://www.reddit.com/r/HalalInvestor).
I liked SPUS initially but got turned off because they added AMZN to their holdings. Contacted the fund and they said it passed their Halal filters. I’m beginning to prefer HLAL to SPUS now. Another option is AMAGX.
For Halal options, check out SPUS and HLAL ETFs. For individual stocks, tech and healthcare sectors often have more Halal compliant options. If you want, I can share some resources that could help you to invest
Look into Sharia compliant ETFs, such as HLAL or AMAGX. Just be prepared to pay higher than average expense ratio. Or just look at the portfolio holdings of the ETFs and try to replicate the top 15-20 stocks.
To add on to what u/SirGlass said: An ETP is simply a term that broadly describes an Exchange Traded Product. An ETF or Exchange Traded Fund is a type of ETP. The product that is offered on the LSE (London Stock Exchange) is being offered by an investment manager that is separate than Wahed Invest. Wahed Invest is the US investment manager that manages the actual fund and offers the fund in the US as NASDAQ:HLAL. The investment manager offering LSE:HLAL is Leverage Shares PLC. The company Leverage Shares PLC is in the business of offering ETPs on the LSE which are based on US companies which are not listed on the LSE. They are most well-known for offering leveraged ETPs of US companies and US indices on the LSE.
Halal etfs on degiro? Hi does anybody know any halal etfs on degiro? SPUS and HLAL is not in there (only in trading 212) is ISWD an alright alternative for the s&p 500? I unfortunately cannot invest in the s&p since it’s not shariah compliant. Advise is welcome :)
If that’s all i have it would have to be an index fund. Putting down on HLAL.
I just did quick math. Overall I will lose about $350 on stocks but have $3k to invest in VTI. I guess I can make that $350 back on VTI instead of losing more on tsla or baba in the future. If I sell cvna, HLAL, spus, overall I don’t lose any money. Should I leave cvna, etc. as is since they are doing decent?
Would I be wrong to pull everything else and put all my money in stocks that are performing well for me? Stocks that are performing well for me: Costco, VOO, SPY, VTI Stocks that are not performing well or middling: TSLA, BABA, QCOM, ISRG, etc. Stocks that are performing decent: HLAL, SPUS, CVNA I have realized that I don’t have the brains or time to understand investing too well. Am I wrong to pull money from all other stocks and stick it in VOO or VTI?
There are several Shariah compliant products which are available. The $SPUS ETF will only give you exposure to US large cap stocks. If you are familiar with the Boglehead philosophy of investing - there are suggestions for constructing a Shariah compliant Boglehead portfolio here - [https://www.bogleheads.org/wiki/Sharia\_investing\_for\_US\_investors](https://www.bogleheads.org/wiki/Sharia_investing_for_US_investors) There are some other Shariah compliant funds available which can give you broader exposure such as $HLAL and $UMMA. [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) SPFunds also offers a REIT. If you want to use a mutual fund - there is an actively managed Shariah fund - [https://investaaa.com/](https://investaaa.com/) \- but the expense ratio is a bit higher. There are also Sukuk bonds for the fixed income portion of a diversified portfolio. I am only aware of one Sukuk bond ETF which is also from SPFunds - SPSK. This investment manager offers Sukuk bond mutual funds - [https://www.saturna.com/amana/participation-fund](https://www.saturna.com/amana/participation-fund) Lastly - for generating cash yield without interest - you may be able to use box spreads - although I do not know if they are considered halal. You may also want to check out r/HalalInvestor.
They say that if you own 10 uncorrelated stocks, you’re technically diversified. 40 is quite the diversification. If you can handle keeping up with 40 companies, go for it. But at $60K, I’d argue it’s not worth it. What’s better is if you put 80% of your fund into specialized ETFs that excludes junk corporations. For example, look at HLAL as an example of an Islamic-friendly S&P 500 based ETF that removes excess debt and junk product offerings such as tobacco, alcohol, and gambling. Then put 20% of the fund into high risk, high reward stocks that you can manage on your own split up to 10 stocks or so. Heck, you could even develop a Becky ETF like I did that returned 33% YTD.
HLAL holds 223 stocks. It would take an enormous amount of money to reproduce it by buying shares of the held companies. Like the S&P500 it is market cap weighted so just buying one share of each company would not reproduce the index accurately.
> My issue with these is the relatively high expense ratios, Why is this a surprise? The "recipe" for an S&P 500 index tracker can be bought, and the Portfolio Manager then goes out and buys exactly what the script tells him to. It's a no-brainer on his part; no analysis is needed, no decisions have to be made, an expensive Analyst or Fund Advisor is NOT needed. That makes it dead cheap. (The recipe, by the way, is NOT public information; it is some company's Intellectual Property, which they do NOT give away for nothing.) To constitute HLAL or another equivalent, an analysis of each company **IS** needed; an expensive Analyst or Advisor **IS** needed, to look at each and every separate company and make a decision: include, or not. This is well "above the pay grade" of a simple Portfolio Manager. And all that costs money. And yes, you can do that work yourself if you want to. Start [**here**](https://en.wikipedia.org/wiki/List_of_S%26P_500_companies); have fun!
I recently opened up a ROTH IRA with Fidelity and fully funded it for the year. I'm Muslim and am trying to invest within the confines of what has been deemed halal. For examples companies that do not earn a sizeable amount of money from certain businesses, such as alcohol, adult entertainment, gambling, interest, etc. are not considered halal to invest in. The same applies to companies with high debt/market cap ratios (> 30%). Under these rules, this restricts my investment in popular "set it and forget it" ETF's on this subreddit, like VOO or VTSAX that I see touted. There are alternative consensus agreed upon halal ETF's out there such as HLAL or SPUS. SPUS for example is the S&P500 minus the companies that are considered not halal. My issue with these is the relatively high expense ratios, 0.50% for HLAL and 0.49% for SPUS, compared to 0.03% for VOO and 0.04% for VTSAX. Say I decide to invest 100% in HLAL, but instead of buying the ETF itself and paying the ER, I find a complete list of the holdings in the ETF and their weights, and invest into those exact stocks at the same ratio to the funds within my account, effectively reproducing the ETF but without paying the expense ratio. I could then rebalance, approximately once or twice a year so that I am still in line with the ETF as time progresses. Has anyone done something like this? Is it feasible? I am pretty new to the world of investing so if there are any potential problems with this type of strategy, I'd love the input. Thanks guys.
The $SPUS ETF will only give you exposure to US large cap stocks. You may have seen discussions in this subreddit and above in the wiki on considering a diversified portfolio - sometimes commonly referred to as a Boglehead portfolio. There are suggestions for constructing a Shariah compliant portfolio here - [https://www.bogleheads.org/wiki/Sharia\_investing\_for\_US\_investors](https://www.bogleheads.org/wiki/Sharia_investing_for_US_investors) There are some other Shariah compliant funds available which can give you broader exposure such as $HLAL and $UMMA [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) You may have also noticed that SPFunds offers a REIT. If you want to use a mutual fund - there is an actively managed Shariah fund - [https://investaaa.com/](https://investaaa.com/) \- but the expense ratio is a bit higher. There are also Sukuk bonds for the fixed income portion of a diversified portfolio. I am only aware of one Sukuk bond ETF which is also from SPFunds - SPSK. This investment manager offers Sukuk bond mutual funds - [https://www.saturna.com/amana/participation-fund](https://www.saturna.com/amana/participation-fund)
Just a heads up - especially if it makes it easier to decide on investments - there are Shariah compliant ETFs out there. In Canada for example, you could invest in $WSHR. $HLAL is another on the NASDAQ. Or $SPRE. Good luck!
Since you mentioned real estate - are you looking for longer term investments? There are ETFs that track the FTSE USA Shariah Index as well as other indices which are Shariah compliant such as $HLAL, $UMMA, and $SPUS. [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) [https://www.sp-funds.com/](https://www.sp-funds.com/) I've come across a Shariah compliant actively managed mutual fund but I think their expense ratios were pretty high. - [https://investaaa.com/](https://investaaa.com/) If you are looking for shorter term investments that are similar to a high yield savings account or treasuries without interest - as u/kiwimancy mentioned - long box spreads should theoretically be halal but you will have to verify that. Long box spreads are an arbitrage strategy which doesn't rely on generating interest. Also - because it not an interest bearing investment, the yield is normally better than a CD or t-bill. It is implemented with section 1256 contracts, the gains have more favorable tax treatment since 60 percent of the gain is considered long term capital gain. However, it does require experience with trading options.
The expense ratio for $HLAL looks to be 50 bips. That's really not that high for an actively managed ETF. And the spread on $HLAL is about 3 cents which is reasonable and not that wide. Just place a limit order inside the spread or at the mid.
Check HLAL and SPUS ETFs if could be ok for you
Wahed FTSE USA Shariah ETF NASDAQ: HLAL They did the research, you can buy the fund or you can look at the investments and select from that list.
The Iman Fund is a mutual fund. You can invest in it in 2 ways. You can open an account directly with the fund manager here - [https://investaaa.com/](https://investaaa.com/) or you can open an account with a broker and invest via a brokers. Brokers like Fidelity provide Iman Fun as NTF (no transaction fee) funds. The advantage to opening an account at a broker instead of investing directly with the fund manager is that you can also invest in other Sharia-compliant funds which are available. For example - there are funds that track the FTSE USA Shariah Index which are Shariah compliant such as $HLAL, $UMMA, and $SPUS. [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) [https://www.sp-funds.com/](https://www.sp-funds.com/)
in order of amount : HLAL - $9500 UBER - $2400 XOM - $2500 ABNB - $1100 MMM - $800 AAPL - $650 PFE - $400 QQQ - $350 SBUX - $175 thats the current value, not cost basis gotta hold this til hopefully rebounded, unfortunately
Well you didn't say what religion, but I know interest is banned in Islam and there's a whole field of halal/shariah compliant finance and investing. There are ETFs you can buy like SPUS and HLAL which are similar to indices like S&P500 but excluding shares in sectors like banking and arms dealing that are not permissible for Muslims. So even if you're not Muslim, these funds are a way to invest without deriving income from interest.
$CATH, $CEFA and $HLAL. They all screen for weapons and a few other social issues and religious issues.
The Halal ETF, HLAL, does dividend purification. Dividend purification of Shariah compliant equities is the process of purifying the income earned from Shariah compliant equity investments to the extent it had impure income. Companies having less than 5% of their revenues coming from prohibited business activities are said to have passed the Sector-based Screens. But the proportion of dividends attributed to revenue generated from such non-permissible business activities and interest income will have to be purified. Any proportion of income received from activities that are non-compliant as per Shariah principles may be paid to Charity and thereby ‘purified’. My guess is that if they donate enough money to charity, the religious scholars in Dubai will deem it be allowable.
That reminds me of some religious ETFs. For example, HLAL refuses to invest in alcohol, gambling, weapons, pork, and other items which do not conform with religious beliefs. Another one is CATH, which doesn't invest in biological, nuclear, or conventional weapons, companies that engage in child labor employment, adult content, contraception or abortions. Both funds appear to have sound portfolios in my quick five minute review. While they may not beat the market/index, investors in them are willing to give up some returns in exchange for knowing their investment fits their ideological needs. I still need to research them a bit more, but they might make sense for those who wish to invest with religious beliefs and still not be at a disadvantage.
>Is there a use to buy stock after investing in a mutual fund that includes the company? It depends on your investment thesis. You mentioned MSFT, if you believe that Microsoft and tech in general will out-perform the fund that you are invested, it may make sense to overweight your portfolio in that sector or company. I am unfamiliar with Shariah law but its my understanding that it can be difficult to invest in Shariah compliant companies on an individual level. There are funds that track the FTSE USA Shariah Index which pay dividends that you may also want to check out - For example $HLAL
Due to religious reasons, there are some limitations on what companies I can invest in and what I can't. There are 2 ETFs that I know of which are compliant with my beliefs and I was hoping you guys could tell me which one is better for me to invest in, whether I should invest in both, and what my split should be. The 2 ETFs are [HLAL](https://www.etf.com/HLAL) and [SPUS](https://www.etf.com/SPUS) I'm not asking for any religious commentary please, just strictly investing advice.
Choose halal stocks and etfs. Don't invest in "sin stocks". Halal etfs= SPUS & HLAL they are both good.
>just looking to create some some income and have something to leave Then literally don't do anything. Just put it into an etf like HLAL and just collect dividends.
A good place to check would be the fund management prospectus and reports. For HLAL - you can find the holdings here - [https://funds.wahedinvest.com/etf-holdings.csv](https://funds.wahedinvest.com/etf-holdings.csv)
On marketwatch you can see them HLAL: [https://www.marketwatch.com/investing/fund/hlal/holdings](https://www.marketwatch.com/investing/fund/hlal/holdings)
How can i check the companies posted in an index fund? im trying to find the list in order to evaluate whether or not to invest (and if i do if i can do so at a cheaper price w no fees haha). im mainly looking at the 'DJ Islamic Titans', 'HLAL' and 'SPUP' funds but cant find any info other than the largest 10 companies :( is anyone able to help? thanks
SPUS, HLAL, fit this criteria but also exclude banks and other companies with high debt ratios.
if you didn't know already, there is a halal shariah ETF and the ticker is ofcourse, [$HLAL](https://www.nasdaq.com/market-activity/funds-and-etfs/hlal)
Frequent lurker, made an account to reply. Halal investing seems right up you alley. I recommend asking over at r/islamicfinance for more info but the ETFs SPUS and HLAL track the sharia compliant parts of the US market. You can also look into ESG investing. It doesn't follow a religious mandate but does avoid socially undesirable stocks, like those associated with adult entertainment, civilian firearms, oil, etc. BlackRock and Nuveen have some good ESG indices. Keep an eye on BlackRock in particular. In January their CEO said socially responsible investing was the future and that BlackRock would lead the charge. Never forget the number one rule of investing: do your research. As long as you do your research and understand what you're getting into, you'll come out okay.