How critically do you examine the operations of each company before investing in their stocks? For example-I avoid investing in Walmart, Walgreens, Target, etc. because they sell alcohol and...

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To avoid all the stress associated with this, I’ve made the decision not to invest in the market. I’m okay with “losing profit” in this short life in the hopes that I’ll be rewarded in the next life. Remember that Allah loves when you give up something for his sake, surely it’ll be replaced with something that is better for you. All the best

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Mashallah to everyone commenting at this time... must be up for suhoor & to pray fajr.

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All businesses take part in interest to raise capital though. If you invest in something like amazon, for example, your stock value is growing as the direct result of the underlying company taking on interest bearing loans or bonds to grow business. Or even Facebook/snapchat since it promotes zinnah. I guess it’s kinda hard to draw the line.

Personally, i draw the line at i won’t invest in alchohol companies or companies promoting adultery

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...non halal food. I also avoid Disney since they are in the movie business, JPM and all other banks because they deal in interest, and so on...

I’d just like to call out that you work at Deloitte who have most of these companies as clients. How do you resolve that internally?

Agree- its something I have pondered over quite a bit...definitely no proud of it.

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If you don’t want to make your own rule, there are guidelines for “halal investing”. Generally the rule is to avoid companies that are in gambling, adult entertainment, alcohol, firearms & tobacco.
There is an allowance made for companies who are in a halal industry (ex: tech) but might have some income that falls in the haram categories (I.e. Google ad revenue from alcohol). They calculate this down to %s even.
You can use that as a starting point then narrow it further based on preference. Also, socially responsible companies are worth taking a look at.
Good luck!

I have concluded that HLAL and SPUS etfs are going to be my goto funds going forward. I was currently invested in normal index etfs of VT, VTI, VYM and VIG- just sold them all off this morning (the stock market spike today helped a lot too!) and awaiting a downturn in the late summer to enter these 2 halal etfs. THANKS for all the help! Really appreciate it!!

Also, I should add the Zoya app is a hidden gem!

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I just dumped a few stocks at the price I bought them. I've been looking at apps like Zoya, Islamicly, Islamic Investor etc. With the intent of understanding what do do with the stocks I already own.

While the former Zoya calculates a halal % across a range of parameters, a few other apps just say upfront which stock is halal (even though a company may not have a primary revenue from halal sources significant% comes from non halal)

I surely would like to use a part of the profit I make and have been looking at the purification calculator. Azzad funds seems to have had this feature but have taken it down. What would really be helpful is to know the % of revenue that is halal. So I can only take that portion and give away the rest. Any recommendations?

Wahid doed just that- if you invezt in their ETF (ticker symbol- HLAL), they will send you a purification calculation at the end of the year. Read more on it here- https://wahedinvest.com/ethical-investing/

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My wife just offered my son $5 to take a shower in the basement. I said "dude that's a fantastic deal. Do it". He said "no, I don't even like money."

Sincerely,
A CPA

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Hi Fishes/Seniors,
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