Traders Union Experts Have Explored The Best Halal Investment Options 

Traders Union

Muslims have long looked for profitable investment opportunities, but the distinction between halal (permissible) and haram (forbidden) investments can be confusing. TU experts offer a comprehensive article to clarify these concepts and provide insights into halal and haram investments. This resource will aid readers in selecting the most suitable halal investment options for their portfolios.

Halal investing rules

According to analysts at Traders Union, halal investing follows Islamic principles by avoiding businesses involved in haram activities like alcohol, gambling, and pork. The key rule is to avoid companies with profits from haram industries, like tobacco and weapons manufacturing, and to be cautious of high debt levels. The goal of halal investing is to align investments with Islamic beliefs and values, emphasizing responsible and morally aligned choices.

Options for halal investments

When considering your financial goals, it’s essential to explore halal investment options that adhere to Islamic principles and values. TU experts provided a list of halal investments that can generate profits:

  • Stocks: Invest in businesses not engaged in haram activities; avoid those involved in prohibited actions or interest-based profits.
  • ETF Funds: Diversified funds following Shariah guidelines, like ETFs and index funds, can yield profitable returns.
  • Forex Trading: Trade with a reputable broker offering swap-free accounts to comply with Islamic principles.
  • Cryptocurrencies: Some Shariah-compliant cryptocurrencies approved by AAOIFI are permissible for investment.
  • Precious Metals: Gold and silver are halal investments, but careful consideration is required per different scholarly views.
  • Sukuk (Islamic Bonds): Similar to traditional bonds but without interest, making them halal instruments to invest in.
  • Real Estate: Research is crucial, as interest involvement in properties should be avoided, while REITs without mortgages are halal options.

What are haram investments?

Stocks in companies engaging in activities prohibited by Islamic law are categorized as haram. This includes industries like alcohol, tourism, hotels, nightclubs, and pornography. Banks dealing with interest-based instruments and insurance companies are also considered haram.

Best Islamic (swap-free) accounts

Swap-free accounts in the Forex market allow you to hold positions overnight without paying interest. Traders Union analysts determined some Islamic swap-free accounts for trading:

  1. RoboForex: Offers a comprehensive range of investment opportunities, including Forex, commodities, indices, stocks, and cryptocurrencies. They provide educational resources and an automated trading platform.
  2. XM: Provides swap-free accounts with no interest charges, requiring a minimum deposit of $5. Leverage of 1:888 is available for trading Forex, CFDs, energies, and precious metals.
  3. AvaTrade: Offers a variety of learning and training materials for Forex and other assets like commodities, indices, stocks, and cryptocurrencies. Various account options, including standard, mini, and VIP accounts, are available.


TU analysts’ comprehensive article clarifies the concepts of halal and haram investments, assisting readers in making suitable choices for their portfolios. Halal investing follows Islamic principles, avoiding haram activities and interest-based profits. It promotes ethical alignment, diversification, and a long-term perspective, fostering stability and sustainability while supporting responsible businesses. Swap-free accounts in the Forex market offer additional opportunities for halal investing. By following these principles, Muslims can build wealth in accordance with their beliefs and values.

Read this next

Metaverse Gaming NFT

Turingum Partners with MarketAcross to Drive Web3 Adoption in Global and Japanese Markets

Global blockchain PR leader MarketAcross joins forces with Japanese Web3 specialist Turingum to mutually expand its market reach, aiming to fortify Turingum’s worldwide footprint and MarketAcross’s presence in the lucrative Japanese blockchain landscape.

Digital Assets

Binance to delist all stablecoins in Europe next year

During a public hearing with the European Banking Authority (EBA), an executive from Binance said that the exchange could ultimately delist stablecoins from its European platforms by June 30, 2024.

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.

Industry News

SEC charges $15 million Ponzi scheme targeting Mexican-American community

Armando Gutierrez Rosas purportedly intended to invest these funds in U.S. real estate and mining operations in Mexico, assuring investors of monthly returns as high as 10 percent. Instead, Gutierrez operated a Ponzi scheme, diverting investor funds to cover his personal expenses, which notably included the acquisition of a $2.5 million mansion in Texas.

Digital Assets

Chainlink launches cross-chain interoperability protocol on Arbitrum One

Chainlink and Arbitrum join forces to bring the Chainlink Cross-Chain Interoperability Protocol (CCIP) to Arbitrum One, offering Web3 developers a powerful tool to build secure and interconnected applications across blockchains.

Executive Moves

STT appoints Brian Saldeen as Senior Risk & Margin Product Manager

Sterling Trading Tech welcomes Brian Saldeen to spearhead the development of their Risk & Margin offering, bolstering their cutting-edge solutions in the capital markets.

Industry News

Altruist eliminates brokerage account fees for advisors who choose their custody

Altruist, the modern custodian for independent RIAs, takes a bold step by eliminating portfolio accounting software expenses for all Altruist brokerage accounts, potentially saving advisors tens of thousands annually.

Retail FX

Exploring India’s Forex Market Timings With Insights From Experts

Traders Union experts identify the most profitable Forex trading windows for Indians as between 6.00-12.00 GMT and 18.00-0.00 GMT, emphasizing the importance of timing and market conditions in a rapidly evolving Indian financial landscape.

Retail FX UK doubles revenues, profit in 2022

The UK business of multi-licensed online brokerage group has reported its financials for its new fiscal year ending December 31, 2022. The group managed to best most of last year’s performance metrics, having grown its net income, and FY 2022 turned into the best revenue since it was founded.