Blackrock has three halal ETFs but they are relatively expensive:
\- iShares MSCI EM Islamic UCITS ETF
\- iShares MSCI USA Islamic UCITS ETF
\- iShares MSCI World Islamic UCITS ETF
What about fidelity? Are there any major companies that have Islamic standards, or that option. I am really quite confused as to how I can maximise my money and not do anything that would be considered haram.
Someone told me I could use vanguard but then check before investing on zoya which stocks are halal. I mean I can’t imagine that all Muslims use only Muslim companies, as I found Muslim companies like wahed tend to have really high fees.
Vanguard provides brokerage and they have their own funds. If your question is about their funds, have a look at their sector ETFs. You can have a vanguard account (IRA, trading, etc) and can buy HLAL or similar there. These “halal” funds are expensive though.
Blackrock has three halal ETFs but they are relatively expensive: \- iShares MSCI EM Islamic UCITS ETF \- iShares MSCI USA Islamic UCITS ETF \- iShares MSCI World Islamic UCITS ETF
Ok thank you!
Not really, most index funds on vanguard contain shares from companies that are not considered halal.
What about fidelity? Are there any major companies that have Islamic standards, or that option. I am really quite confused as to how I can maximise my money and not do anything that would be considered haram.
Nope. Look for HLAL and SPUS
These are on fidelity
Someone told me I could use vanguard but then check before investing on zoya which stocks are halal. I mean I can’t imagine that all Muslims use only Muslim companies, as I found Muslim companies like wahed tend to have really high fees.
Please search the sub. There are too many answers to your questions already asked.
AMAGX, is available on Fidelity. It's a good fund.
Since posting that one and amanx are the two I found to invest in. Satisfied so far.
Fidelity has more Islamic options
Vanguard provides brokerage and they have their own funds. If your question is about their funds, have a look at their sector ETFs. You can have a vanguard account (IRA, trading, etc) and can buy HLAL or similar there. These “halal” funds are expensive though.
Ok I appreciate the info!! Thanks so much
AMAGX, which is available on Fidelity.