I didn’t start until my 50’s and I’m still in my 50’s, and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
@Teslas Are Rare Nice one, so tired of working a 9 to 5, not that i dont fit my bills, i just dont know how long this would last. so much work. I have a more than a handsome amount to start investing into the stock market but with the right guidance.
@Teslas Are Rare thanks for sharing, I googled the lady you mentioned, and after going through her credentials, I can tell she's a pro, I'll be writing her an email shortly.
@Teslas Are Rare I see a lot of these recommendations but this stands out. Looking up Ms Lisa she is presentable and I find she is licensed by authoritative bodies, I will be writing her mailbox shortly. I love how she presents herself on her website, I knew I could find reliable brokers.
@Teslas Are Rare I recently had the chance to have a chat with lady. She was extremely rude and clearly didn’t know what she was talking about. I fear people such as yourself fell into her ponzi scheme. GET OUT WHILE YOU CAN
Assalam Alaikum All, Some have mentioned that I did not point out the Zakat that needs to be paid in my model. The amount of Zakat that needs to be paid depends on the nature of the investments that you have your savings in. So it would be rather difficult to account for what percentage of the retiree's portfolio would need to be paid in Zakat annually without knowing what they have their money invested in. Now I know the question that perhaps suggests itself here is: how does one pay Zakat on stocks? The answer to this requires nuance and will perhaps be the topic of a future video. :)
Am I understanding that 2.5% Zakkat is not paid on your full wealth excluding necessities (i.e. house, basic level of savings etc...) ? "The amount of Zakat that needs to be paid depends on the nature of the investments" ; "nature of investments" seems to imply asset class and liquity, correct ? : please provide a link with details as this is new to me i.e. what 'nature of investment' is excluded from or attracts zakkat at a lower rate.
Yes would love a video about a portfolio of $1-2m and the 4% rule. If you have the portfolio in a percent of sukooks and equities, how does zakat fit in? Is Zakat going to be on the amount gained from the profit from equities/sukooks or the total amount in your portfolio?
For zakat purposes, do stocks count as savings? If so are they counted once you sell only? Or is zakat is paid on seed money annually then another chunk once you sell? So many questions. A video on this would be really helpful 👍🏾
I like your spreadsheet, thank you for sharing, do you have more detailed retirement calculator to use that include more variables like social security, tax impact for IRA vs roth, other investments, etc.?
Here's a like to the video even before watching it .. to the man whose great islamic investing advices and videos have helped a lot .. Keep it up man Jazak Allah Kol Kheer
Brother, Barak Allah feek for sharing this knowledge. I would recommend that you put a source for your verses and ahadeeth that you quote. Jazak Allah khairan
Where can i get 10% returns for a saving investment that is so low? Who offers such investment opportunities? Can you share a little video explaining the businesses that actually give 10% consistently on our small investment?
Jazaka Allahu khair for this video. I am going to start working next month inchallah. And even though my salary is not insane (engineering salaries in France are not good), I might be able to retire in 20 years (instead of 10).
Assalamualikum Br Rakkan, I would appreciate if you could please confirm the Halalness of mining companies such as BHP Group, Barrick Gold, Freeport McMoran etc. Jazakallah
Good video bro do u know any apps or companies having same services like M finance and fundmebff but for international investors outside USA. Thank you and keep the amazing videos
Thanks for making that Good video . Where to put that halal investment you did not mention for 10% return. Is vanguard s&p Etf Is halal? Please give me some names. Zajak Allah.
The problem I have is the FEAR of putting my money in a broker account like ETORO as I don't know if my money is safe there or if I would face any issues when withdrawing it
When you say to invest , where do you have to invest the money ?? I am new to the game but want to have money saved in order to retire with no worries in sha Allah
@@practicalislamicfinance Scenario - C column C3 saving balance = 0 Amount invested = 100 Does'nt update the D column from D4 onwards. Inputting value in D4, updates C column but, copying C4 and dragging the way down crashes Excel. When raise % is added it doesnt update the value in the D column.
@@oryx1235 Don't touch the C column. The C column has the savings balance formula, you shouldn't be playing around with it. Only play around with Amount invested, raise % and Portfolio Return as well as C3 where you can input your starting savings balance.
Can you please do a video that does NOT rely on the assumption of S&P 500 / US economy success? I'm thinking Ray Dalio's views on China's supremacy; the change of world-order (every 50-75 years) and thus, not-so-attractive era of S&P 500 in the future. Diversification strategy (where US loses constantly in the next decade) as a scenario if you will. Thank you for making great videos!
Assalamu alaikkum brother .. I have the 401 k in my company and it says American century retirement date 2050. How do we know where exactly the amount is invested. What's the halal option we have here in a USA. Is vanguard growth index fund halal? Can you tell me the halal option to invest outside for the retirement. I am finding hard to look for islamic investment. Do you have any subscription?
Salam excellent video as usual, bro Plantir whats up with it, why so vague and acting like mysterious lol Is it a buy if market further dump today after trump news bla bla?
Stocks is headache. Liverage in currency halal only if u trade intraday if open position overnight it's haram even if u open account in swap free islamic account
Plz never go to stocks go to commodity or currency. There are companies in Indonesia with proper licenses and prooved good record of performance for years
Asalam a'laykum, if you try your best to possess a full bitcoin now and hold it for 10-15 years, you will be a millionaire and could retire. It is as easy as that.
Can somebody answer if wholesaling is halal. I’ve been trying to reach out to this guy but he hasn’t gotten back to me on this. So, please tell me if this is halal and if it is then how and if it’s not then how it’s not halal.
Depends on what you're wholesaling. If the underlying product is Halal, I see no issue with the wholesale method of business, i.e. buying in bulk, repackaging/improved packaging and selling.
I didn’t start until my 50’s and I’m still in my 50’s, and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
@Teslas Are Rare Nice one, so tired of working a 9 to 5, not that i dont fit my bills, i just dont know how long this would last. so much work. I have a more than a handsome amount to start investing into the stock market but with the right guidance.
@Teslas Are Rare Kudos, please who is your financial consultant and how can i get in touch?
@Teslas Are Rare
thanks for sharing, I googled the lady you mentioned, and after going through her credentials, I can tell she's a pro, I'll be writing her an email shortly.
@Teslas Are Rare
I see a lot of these recommendations but this stands out. Looking up Ms Lisa she is presentable and I find she is licensed by authoritative bodies, I will be writing her mailbox shortly. I love how she presents herself on her website, I knew I could find reliable brokers.
@Teslas Are Rare I recently had the chance to have a chat with lady. She was extremely rude and clearly didn’t know what she was talking about. I fear people such as yourself fell into her ponzi scheme. GET OUT WHILE YOU CAN
Assalam Alaikum All, Some have mentioned that I did not point out the Zakat that needs to be paid in my model. The amount of Zakat that needs to be paid depends on the nature of the investments that you have your savings in. So it would be rather difficult to account for what percentage of the retiree's portfolio would need to be paid in Zakat annually without knowing what they have their money invested in. Now I know the question that perhaps suggests itself here is: how does one pay Zakat on stocks? The answer to this requires nuance and will perhaps be the topic of a future video. :)
BarakAllahufik for your video
Can you also make a video on the aspects of riba that you didn't approach in the previous videos
Am I understanding that 2.5% Zakkat is not paid on your full wealth excluding necessities (i.e. house, basic level of savings etc...) ? "The amount of Zakat that needs to be paid depends on the nature of the investments" ; "nature of investments" seems to imply asset class and liquity, correct ? : please provide a link with details as this is new to me i.e. what 'nature of investment' is excluded from or attracts zakkat at a lower rate.
assalam sir...i live at australia now...how about futures market in australia...it is halal?
Yes would love a video about a portfolio of $1-2m and the 4% rule. If you have the portfolio in a percent of sukooks and equities, how does zakat fit in? Is Zakat going to be on the amount gained from the profit from equities/sukooks or the total amount in your portfolio?
For zakat purposes, do stocks count as savings? If so are they counted once you sell only? Or is zakat is paid on seed money annually then another chunk once you sell? So many questions. A video on this would be really helpful 👍🏾
please never stop doing it....
Love from Pakistan
walaikom assalam, brother, may Allah reward u in multitudes in jannah
Deeply thankful for your insights jazak Allah khairan
Happy that I found ur channel
I like your spreadsheet, thank you for sharing, do you have more detailed retirement calculator to use that include more variables like social security, tax impact for IRA vs roth, other investments, etc.?
Here's a like to the video even before watching it .. to the man whose great islamic investing advices and videos have helped a lot .. Keep it up man Jazak Allah Kol Kheer
Brother, Barak Allah feek for sharing this knowledge. I would recommend that you put a source for your verses and ahadeeth that you quote. Jazak Allah khairan
Hi, I do not reside in US. Can u suggest me what should I do?
How does your stock portfolio look?😊
Where can i get 10% returns for a saving investment that is so low? Who offers such investment opportunities? Can you share a little video explaining the businesses that actually give 10% consistently on our small investment?
Your video is enjoyable
JazakhAllah Khair for your efforts
Wayyakum
Jazaka Allahu khair for this video. I am going to start working next month inchallah. And even though my salary is not insane (engineering salaries in France are not good), I might be able to retire in 20 years (instead of 10).
Awesome!
Salam alykum
Is it 10% divided a year or only 10% appreciation of the stock?
Assalamualikum Br Rakkan, I would appreciate if you could please confirm the Halalness of mining companies such as BHP Group, Barrick Gold, Freeport McMoran etc. Jazakallah
Thank you
JAk!
Great video.. can you please create a new video on a risk free portfolio that can support this target in 10 years?
There is no halal risk free investment. You can reduce risk by investing in many positions
Great video, jzk Khair
Salam, Can you please attach the excel sheet. Thank you
It’s in the description
tq
who can live of 10k/year? Even rent is more expenisv alone. But i still like your energy, keep it up
Hello. The spreadsheet is View only mode, can you please change it so one can make their own modifications. Thank you.
Cant you copy paste it into your own file?
download it and make changes to it on your local copy.
Isn't 10% return unrealistic?
Dear Brother, I wish to contact you for personal advice and help.
Salaams bro. Thanks for the amazing content. What are your thoughts on opendoor? (Ipop)
halalinvestors.com now has a halal comfort report on it.
Good video bro do u know any apps or companies having same services like M finance and fundmebff but for international investors outside USA. Thank you and keep the amazing videos
What halal etf or index fund should we invest in?
Also interested in this question. What halal ETFs do you recommend that have potential for the 10% annual returns?
AMAGX is probably the best-returning one out there and with the least expense ratio.
Thanks for making that Good video . Where to put that halal investment you did not mention for 10% return. Is vanguard s&p Etf Is halal? Please give me some names. Zajak Allah.
Would you recommend the amana etf or the spus etf
Watch my reviews on both
The problem I have is the FEAR of putting my money in a broker account like ETORO as I don't know if my money is safe there or if I would face any issues when withdrawing it
You may check Firsttrade, free for international investors and it has been long in market
Why u go to etoro it's expensive.and no such halal fund managers there.
There are many choices available
When you say to invest , where do you have to invest the money ?? I am new to the game but want to have money saved in order to retire with no worries in sha Allah
Invest in income generating assets like stocks, rental properties etc
@@Mohib283 can you give halal examples please
I think that is what this channel is all about. Analyzing investment options in islamic lens
There are many but u should pick stable thing and halal thing which is consistent.
There are many in France Indonesia and malaysia
Thanks for the video, spreadsheet doesn't seem to work as seen in your video.
What’s wrong?
@@practicalislamicfinance Scenario -
C column C3 saving balance = 0
Amount invested = 100
Does'nt update the D column from D4 onwards.
Inputting value in D4, updates C column but, copying C4 and dragging the way down crashes Excel.
When raise % is added it doesnt update the value in the D column.
@@oryx1235 Don't touch the C column. The C column has the savings balance formula, you shouldn't be playing around with it. Only play around with Amount invested, raise % and Portfolio Return as well as C3 where you can input your starting savings balance.
Can you please do a video that does NOT rely on the assumption of S&P 500 / US economy success? I'm thinking Ray Dalio's views on China's supremacy; the change of world-order (every 50-75 years) and thus, not-so-attractive era of S&P 500 in the future. Diversification strategy (where US loses constantly in the next decade) as a scenario if you will. Thank you for making great videos!
Assalamu alaikkum brother .. I have the 401 k in my company and it says American century retirement date 2050. How do we know where exactly the amount is invested. What's the halal option we have here in a USA. Is vanguard growth index fund halal? Can you tell me the halal option to invest outside for the retirement. I am finding hard to look for islamic investment. Do you have any subscription?
Quick question, does anyone know NVDA halal or not?
Halal
What is it
Salaam, Could you give us a list of halal city jobs eg. if being a lawyer etc is halal, Thank you!
Selamin aleykum Can you send a list of halal stock please?
You can invest in AMAGX
I want to invest in Practical Islamic Finance Portfolio. I live in Pakistan, how can I invest ?
too complicated and difficult bcoz i hardly have any savings in India. Salary is pretty low and cost of living is high, even for myself as an Engineer
Alhamdullilah my brother, everything is fine. How is India right now? Everything good?
@@yoyo-gv8zs yaa all fine in india
Salam excellent video as usual, bro Plantir whats up with it, why so vague and acting like mysterious lol Is it a buy if market further dump today after trump news bla bla?
Is shorting stocks and using leverage HALAL ?
Shorting is not halal
Stocks is headache.
Liverage in currency halal only if u trade intraday if open position overnight it's haram even if u open account in swap free islamic account
Salamacalaykum please can you help me out good ETV fidelity broker to invest thank you
I think AMAGX is the best halal one
Dabar Rasak thank you I already have that one. But i am looking halal Etv other than hlal spus also i have those
Plz never go to stocks go to commodity or currency.
There are companies in Indonesia with proper licenses and prooved good record of performance for years
Asalam a'laykum, if you try your best to possess a full bitcoin now and hold it for 10-15 years, you will be a millionaire and could retire. It is as easy as that.
Can somebody answer if wholesaling is halal. I’ve been trying to reach out to this guy but he hasn’t gotten back to me on this. So, please tell me if this is halal and if it is then how and if it’s not then how it’s not halal.
Depends on what you're wholesaling. If the underlying product is Halal, I see no issue with the wholesale method of business, i.e. buying in bulk, repackaging/improved packaging and selling.
Why it's not halal
So bad can't like more than once