Inflation is here and has already eroded the purchasing power of your money. The price of many essential goods and services has increased, straining the purse strings of households everywhere.
In times like these, preserving the value of your money is paramount. A tried and tested strategy is investing your money in assets that can preserve and grow your wealth.
Yet many new investors struggle to find the right investments. Invest incorrectly, and you can end up worse off than when you started.
“The first rule of investing is don’t lose money. And the second rule of investing is don’t forget the first rule.” – Warren Buffett
Investing in index funds is widely seen as one of the most suitable choices for everyday investors. This is mainly due to the diversification benefit as index funds are typically comprised of dozens of different companies, which can protect you from the bad performance of a few stocks.
However, Muslim investors are excluded from most index funds as they often contain impermissible investments. The few remaining Shariah-compliant funds don’t offer much choice. This article will address how Muslims can construct their own index fund and how to practically action this in a low-cost manner.
You can read the full article at Zoya via this link.
The full article covers:
- What are index funds, and why do they matter?
- The problem with existing index funds for Muslim investors
- How to build your own halal index fund
- Maintaining your portfolio
- How to automate your investing
Adil Hussain 
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