What are the halal investment ideas in 2021? We have the asnwers

 

Best halal Investment ideas in 2021- What are the right options in Pakistan?

                               

In our previous blogs, we have talked about different principles of Islamic finance. That will give you a fair idea of how Islamic finances work. Similarly, halal investment is the one that is free of Riba, avoid uncertainty and gambling, finally, investment business should not be involved in haram activities.

It’s never late to start thinking about investment. You can start at an early age around ‘20s or after your retirement life.  Halal investment is the one that will give you less risky returns as per prevailing market rates.



What are your options in 2021 is something changed after anxious 2020? In this blog, you will get to know about some of the most popular choices are in Pakistan? So, let’s get down to it 

Property or Real estate- Investor’s favorite

 

Due to its secure nature, It is highly likely people prefer buying a property over any other option. Buying a halal property in Pakistan is quite advantageous. Where you will not only get your hands on a fixed asset but it will also give you a return of 5-7%. That is a competitive rate compared to other investment products.

The best part about property that attracts most the people is: you don’t need to be rich and have lot of money in your bank account. You can begin with as low as 10 lacks and start earning a handsome return.

Buying Gold

Gold prices in Pakistan have increased up to 54.67% in the last 2 years.  You will be shocked to know, gold prices hasn’t faced any fall in the last 20 years in Pakistan, despite the financial crisis and pandemic

Encompassing resilience towards risk, this commodity can be your favorites.  All you need to buy gold and wait for some time until prices get higher.

Halal Stocks in Pakistan

Investing in stocks can be highly lucrative for lot of investors. But everyone knows how conventional stock market works; trading can be highly risky and subject to market speculation and rumors

Conversely, companies who trade in halal stocks follow the Islamic rules like no riba, gharar, maysir and avoiding haram activities. Moreover, every stock has to pass Sharia Screening process. This criterion ensures you get pure earning on your investment.

Read blog on Riba, Gharar and Maysir to know some basic laws of Islamic finance.

Invest in Islamic Mutual funds

Mutual funds are the right choice for beginner investors.  These are considered to be a secure investment that provides you a regular income.

If you are new to investment options then it is important to know what a mutual fund is. Also known as MU, it is a pool of stocks, Sukuk (Islamic bonds), property and other halal options. Your asset manager will invest your money in these pools and you will earn profit.

While Islamic Mutual funds in Pakistan come from various asset managers. You can start with minimum amount of 5,000 and get 3% to 4% return on your savings.

Digital currency- Bitcoin

This option might be different from our list. Reality check, it’s the future of the investment. More importantly, you can earn interest-free income on digital currencies.

You must be familiar that digital currencies like Bitcoin have started to make some noise and getting very popular in Muslim countries like Malaysia, Iran and Turkey.

 State Bank of Pakistan: central bank and highest regulatory authority for banks and other financial institutions.  SBP will initiate guidelines about investment in digital currency. According to some market pundits, soon people will have something to cheer about halal cryptocurrency opportunities in Pakistan. 

 

 

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