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  • Islamic Sharia

    Investment In Index Funds

    Posted by Muhammad on March 4, 2021 at 12:43 am

    I want to invest money in index funds..it includes banks also..I am from india..In what types of banks we can’t invest money

    Umer replied 4 years ago 4 Members · 4 Replies
  • 4 Replies

  • Investment In Index Funds

    Umer updated 4 years ago 4 Members · 4 Replies
    Islamic Sharia

  • Umer

    Moderator March 4, 2021 at 9:34 am

    Please watch the following video from 00:02:36 till the end:

    https://youtu.be/viaxtPiMyFI?start=2m36s

    • Muhammad

      Member January 3, 2022 at 3:42 pm

      Does this means we can invest in conventional banks ?

    • Umer

      Moderator January 3, 2022 at 11:39 pm

      The primary source of income for a Bank is interest (sood), therefore, it is advised to not invest in Banking sector, whether in the form of a stock or in the form of a term deposit.

      Please refer to the following response by Ghamidi Sahab:

      Discussion 32234 • Reply 33115

  • Nadeem

    Member January 3, 2022 at 10:11 pm

    I haven’t heard Ghamidi Sahib’s response, but in my opinion almost all banks are involved in the business of lending money on interest.

    To avoid investing in banks, why not buy stocks for some of the major companies that are part of the index.

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