Alhumdolliah I just came into £1000. I don't want to just spend it but I don't have a clue on what to do with it, I thought of shares, bonds or just put in in the bank ?
Is there anything else?
What would you guys recommend?
I dont really know whats halah and whats not.
Thanls
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Alhumdolliah I just came into £1000. I don't want to just spend it but I don't have a clue on what to do with it, I thought of shares, bonds or just put in in the bank ?
Is there anything else?
What would you guys recommend?
I dont really know whats halah and whats not.
Thanls
Honestly I would recommend buying gold, and then get a safe deposit box at a bank and keep it there. You're not going to get super great returns on your investment, but it will be a stable one, insha'Allah.
It's also a good Islamic investment, as stocks can be iffy as to whether or not they are halal, and for sure bonds are out of the question.
I also second the notion that you should give some sadaqah out of it, and then invest the rest.
And of course, if you have any debts, pay them off first.
As bro nighstar said, go for Umrah, or better still, plan for Hajj this year, if you have not performed Hajj already. One must not delay Hajj when he is capable of performing it.
I think he should save it , he may need it in the future. (Umrah , Hajj, Children, studies, Marriage etc. )
And as for the onewho fears standing in front of His Lord and restrainsthe soul from impure evil desires and lusts, verily, Paradise will be his abode [79:40-41]
I think he should save it , he may need it in the future. (Umrah , Hajj, Children, studies, Marriage etc. )
Do you think that is not enough to start a business ?
Main capital in business is not money, but motivation and entepreneurship spirit.
I know a guy who started a business with pictures of shoes. He walked door to door offering shoes like in these pictures, and when he got an order he made that shoe. Now he has a shoes factory and several shops.
And he is not the only businessman who start a business without money.
I know a guy who started a business with pictures of shoes. He walked door to door offering shoes like in these pictures, and when he got an order he made that shoe. Now he has a shoes factory and several shops.
And he is not the only businessman who start a business without money.
Yh I'd like to see something like that in this age
Honestly I would recommend buying gold, and then get a safe deposit box at a bank and keep it there. You're not going to get super great returns on your investment, but it will be a stable one, insha'Allah.
It's also a good Islamic investment, as stocks can be iffy as to whether or not they are halal, and for sure bonds are out of the question.
I also second the notion that you should give some sadaqah out of it, and then invest the rest.
And of course, if you have any debts, pay them off first.
How much gold can he realistically buy to "invest" (not sure exactly how that works) though with 1000 pounds?
I was thinking of a bar of gold lol, but that's like tens if not hundreds of thousands of pounds each...
Give some of it to the poor!
‘Say: If the ocean were ink wherewith to write out the words of my Lord, sooner would the ocean be exhausted, even if We added another ocean like it.’~Al Qu'raan (18:109)
Do you think that is not enough to start a business ?
Main capital in business is not money, but motivation and entepreneurship spirit.
I know a guy who started a business with pictures of shoes. He walked door to door offering shoes like in these pictures, and when he got an order he made that shoe. Now he has a shoes factory and several shops.
And he is not the only businessman who start a business without money.
I highly doubt that is possible in the UK.
If you live in Europe than 1000 pounds are not enough to start a decent business.
The Economy is in a bad shape.
And as for the onewho fears standing in front of His Lord and restrainsthe soul from impure evil desires and lusts, verily, Paradise will be his abode [79:40-41]
Alhumdolliah I just came into £1000. I don't want to just spend it but I don't have a clue on what to do with it, I thought of shares, bonds or just put in in the bank ?
Is there anything else?
What would you guys recommend?
I dont really know whats halah and whats not.
Thanls
please do not put in the bank if it causes to earn money with interest
because it is not halal.
could you please listen what Quran says at ''al-Bakara'':2/275-279
you keep it, it's yours for a few time or
spend it for the sake of Allah, it's yours for eternal
meanwhile, I am Ahmed, a Muslim,Turkish,Doctor,Cardiologist
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