Finance

Assalamu alaikum wa rahmatullah,

Here are some resources that were referenced and/or complement the Money Matters seminar given at Dar-us-Salaam. Please note: I do not endorse any specific investment tool. Please consult Islamic scholars on finance when deciding on what to use.

Islam & Wealth Resources:

• Psychology of Wealth: An Islamic Perspective on Personal Finance: https://yaqeeninstitute.org/read/paper/psychology-of-wealth-an-islamic-perspective-on-personal-finance
• 7 Ways to Increase Barakah During the Recession, by Sh. Yasir Qadhi: https://youtu.be/SKCv_psVQDw
• Introduction to Islamic Finance, Banking and Investment by Sh. Ashraf Ali: https://youtu.be/H2xWHZenx7k
• Is it wrong to be rich in Islam? https://www.islamicfinanceguru.com/articles/entrepreneurship/whitepaper-is-it-wrong-to-be-rich-in-islam
• Are Credit Cards Haram? https://www.islamicfinanceguru.com/articles/islamic-finance/are-credit-cards-haram-or-halal
• Simple Zakat Guide: Understand and Calculate Your Zakat by Sh. Joe Bradford https://a.co/aWjMi3F

Tools to use for Budgeting:

• Mint – mint.com
• You Need a Budget – youneedabudget.com

Tools to use for Investing:

• Muslim Companies
  • Wahed Invest – www.wahed.com
  • ShariaPortfolio – www.shariaportfolio.com
  • Azzad Funds – www.azzadasset.com
  • Amana Funds – www.saturna.com/amana
• REIT:
  • Fundrise
• Platforms to buy stocks individually:
  • Robinhood
  • Charles Schwabb
  • Vanguard Fidelity
  • Bank of America
  • Merill Lynch