Islamic family wealth management

[Futuwwa]

As a man with considerable assets, a husband and probably a father in the near future, I have had to think quite a bit about how to manage (and preferably increase) my wealth in a halal way. Is anyone else in the same situation? So far, I have stood clear from bonds and other interest-bearing assets, as well as from the stocks of companies that do morally dubious business.

 

[ardianto]

Buy property?

 

[Futuwwa]

What kind? Do you mean real estate and other rentable assets?

 

[ardianto]

Yes, real estate. I mean house or land.

Wealthy people in my place usually save their wealth in this form because its value will always increase.

 

[Futuwwa]

I already have some real estate. One small city apartment and a tract of farmland. Both rented. About half of my assets are real estate, the other half stocks. Here the average annual rate of return on investment for real estate tends to be in the 4-6% region, while stock investment averages to 10%. I'd rather buy that which gives the highest return, but I'm concerned I might do something haram without knowing.

 

[sister herb]

As a man with considerable assets, a husband and probably a father in the near future

Mabrook in the future.

 

[Futuwwa]

How about stock investing?

 

[ardianto]

One of my employee thanks me because I gave him a job, so he can fulfill his family needs.

How about establish a business company?. So you can give jobs too for those who need. But of course, regarding to your activity which makes you busy, you need a trustable partner who can manage your business. Not me, but someone else you know personally.