Halal Investing
Why We Follow GIPS® and What It Means for You
At our firm, we understand that trust is key when it comes to your investments. That’s why we adhere to the Global Investment Performance Standards (GIPS®)—a set of ethical guidelines that ensure transparency, consistency, and accountability in how we report
Does Islamic finance say we can invest in credit card companies?
We all need a reminder every now and then about how halal investing works. Here’s a quick refresher. In a nutshell, halal investing touches on avoiding investment in the following: Interest, or ribaSpeculation (gharar) and uncertainty (maysir)DebtCompanies with unethical lines of business That last point--avoiding companies with unethical lines of
Purifying your investments from haram money
We often try to minimize the amount we pay in taxes on our investments, but halal investing requires another type of "tax" in order to make sure you're not unintentionally benefitting from haram earnings. We're talking here about purification. And unlike taxes, it's something many people are happy to give
FTX – Lessons Learned from a Lack of Due Diligence
What do a supermodel, Shark Tank star and sovereign wealth fund have in common? They all failed to ask questions before investing their money. The investments were related to the cryptocurrency exchange FTX and its trading arm affiliate, Alameda Research. Here are 4 factors you should consider before you invest
Is your financial advisor guilty of ‘halalwashing’? Ask these 5 questions to find out.
Halalwashing is when a company makes false or misleading claims about their investment’s Shariah compliance. Far too often, we see advisors claiming to invest halal for their clients while being intentionally ambiguous. Advisors who promise to manage a portfolio in accordance with Islamic investment guidelines, but then lack written policies
Is Naming Retirement Plan Beneficiaries Halal?
We are often asked if Muslim retirement savers can choose beneficiaries outside of Islamic inheritance rules. After all, naming beneficiaries on IRAs and 401(k)s a basic part of keeping accounts in order. Generally, an owner of an employer retirement plan or pension account preselects the beneficiaries of his or her
Don’t fall victim to halalwashing
Have you ever wondered about the authenticity of a halal investment? Companies throw around terms like "halal" or "Shariah-compliant" often without defining them. Sometimes, your financial advisor might be claiming adherence to Islamic finance principles without really understanding what they mean--maybe unintentionally, maybe not. This is especially the case when
Islamic Impact Investing
How you can get a return and do some good at the same time Imagine you’re running a business with tons of potential. You know that it could be profitable — as soon as you have your finished product, you’re able to sell it. The problem is that you don’t
An Islamic perspective on short selling
"Sell not what you do not own." - Prophet Muhammad (peace be upon him) We have been fielding some questions from clients regarding GameStop and other extreme market action in recent weeks. Here's our list of frequently asked questions on the subject. It's designed to help our clients through these
GameStop FAQs
Here's a quick guide to the market frenzy you've seen in the headlines. What is GameStop and why does everyone care? GameStop is a brick-and-mortar video game chain that hit hard times in the pandemic. Like many distressed companies, it was targeted by short sellers betting that the stock's price