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Thread: I have £1000 what should I do?
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anonymous

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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
 
Ermm

Give some to the poor
Buy your parents a gift
Save it for marriage, if you're not already married
Treat your family to dinner

Or you could do the boring (and fiiiine, the most responsible) thing and actually invest it somewhere.
Start a business!
 
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anonymous said:
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
Click to expand...

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.
 
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:sl:

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.
 
Give 250$ to charity and put the other somewhere safe.
 
invest some money to a mosque thats getting built, buy urself a nice cheesecake from tesco
 
bro I think I can tell who you are just by the way you say 'halah' and not 'halal' :thumbs_up
 
start a business with £1000.... in this time ?

I think he should save it , he may need it in the future. (Umrah , Hajj, Children, studies, Marriage etc. )
 
Güven said:
start a business with £1000.... in this time ?

I think he should save it , he may need it in the future. (Umrah , Hajj, Children, studies, Marriage etc. )
Click to expand...
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.
 
ardianto said:
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.
Click to expand...

Yh I'd like to see something like that in this age
 
rpwelton said:
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.
Click to expand...

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!
 
ardianto said:
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.
Click to expand...

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.
 
anonymous said:
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
Click to expand...

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