Forex Direct Delivery Standard Bank

The rough guide to the Islamic Investment world (in South Africa)

So this is my rough guide to Islamic investments within the South African Universe (it can apply globally, except my examples is all South African based). Hope it is informative and encourages halal investing.
Suggestions welcome
Section 1: Investment Universe 
  1. Islamic Bank fixed deposits
About: Invest your money for a fixed period (1 month up to 5 years). Get profit when period is completed
Pros: Reliable profit , Low financial risk, low Islamic risk : covered by a board of Shariah scholars
Cons: Low profit rates.

  1. Unit trusts
About: Collective investment - managed by investment company, protected by SA law, typically invests in equities, sukuks and property
Pros: Plenty of choice, Provided by registered Financial Service Providers, Sharia Boards , diversification
Cons: Typically High fees, .

  1. ETF
About: Collective investment
Pros: low fees, Provided by registered Financial Service Providers, Sharia Boards , diversification
Cons: only one option in SA, heavily weighted on Resources

  1. Shares
About: Pick your own stocks off the exchange
Pros: High profit potential,
Cons: Very Risky, No Islamic oversight (hence need to do your own screening)

  1. Property
About: Tried and test property
Pros: Stable Asset, Tangible, Straightforward, Zakah benefits,
Cons: High capital outlay, expensive legal costs (transfebond registration) , Not very liquid,
  1. Custom Wealth Solutions
About: Customized Wealth management and investments
Pros: Professional advice, custom solution
Cons: Available exclusively to high net worth individuals, Investment advise appears to be fee based

Section 2: Definitely not halal 
  1. Margin based investing: Margin = interest = haram. Also very risky
  2. Futures contracts: Shorting, going long, all CFD's and futures contracts are impermissible. Because a condition for a halal investment is that the underlying asset must be owned
  3. Forex: Or at least forex based on CFD's and margins. Buying dollars to travel should be perfectly fine.
  4. Stocks/Equities that primarily deal in haram activities: Gambling, pork, etc

Section 3: Grey Areas 
  1. Crypto ( Bitcoin ,etc) : In theory these should be more "halal" than fiat currency (what all money in the world is) however there are differences of opinion.
  2. Shares : There are grey areas : Most companies has an element of haram income (interest, etc). Scholars have devised ratios to to filter out "islamic stocks" from haram stocks (30-33% max debt, max 5% haram income, liquid ratios, etc). It is for this reason these stocks requires dividend purification.
However you should be aware of this before venturing into to stocks as you might not be comfortable with that thought (This also affects EFTs, Unit trusts, etc).
3 Easy Equities: Easy equities makes it cheap and easy to own equities. However I would at all times buy/sell only whole shares and not fractional shares. Fractional shares are done as a CFD (a bit different from a forex CFD). You get all the benefits of ownership such as dividends and capital gains on a pro rate basis. But you do not actually own the CFD until you buy enough CFD to get a real whole share. That being said, it is still grey, best to avoid fractional shares entirely
4. Halal Forex Accounts: Somehow these are marketed that way. Here's a link to (Islamic Finance Guru) who has a bit more knowledge on this. (Note: I am not affiliated in any way or get any benefit)
Section 4: Conclusion 
I sincerely hope this helps , and encourages to invest in the Islamic world.
Any ideas, inputs and suggestions welcome.


Disclaimer 1 : Corrections welcome, I am not a learned scholar, this is not financial advice, you bear the responsibility & consequences of your own decisions/investments
Disclaimer 2 : At some point FNB Sharia board quit , they subsequently hired a new board. They don't however make it easy to find who is in the board from their website. However the information can be found in news websites.
submitted by Flying_Koeksister to IslamicFinance [link] [comments]

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submitted by Cryptosaurus94 to CryptoCluster [link] [comments]

Andanar's and Ablan's ~~brain farts~~ speeches in London

Salamat the thread: https://twitter.com/JRDCastillo24
Andanar claims many families of OFWs become dysfunctional due to drugs.
Andanar claims that the govt spoke w/ 150 OFWs in Dubai who were maltreated by their employers. Dubai OFWs earn up to 1500 dirhams only.
Andanar: Most of you here in the UK are from middle class families. He said OFWs in London are lucky and have better wages.
  • ...
Andanar enumerated the latest SWS&PulseAsia surveys and said that Duterte is supported by a great majority of the Filipinos.
  • The SWS Survey showed a drastic drop in both approval and trust ratings for the president.
Andanar calls @TrillanesSonny & @SenLeiladeLima as “maiingay”. He asked: Bakit hindi nakukulong si Trillanes? Crowd erupts in laughter. Andanar claims that Trillanes is not in jail because Duterte respects his freedom of speech.
Andanar: Kung maingay si Trillanes, mas mag-ingay din tayo. Kung ginagago ni Trillanes ang pangulo, gaguhin din natin siya.
Andanar talked about planned destabilisation against the Duterte government and cited EDSA 1 & 2 as examples of destabilisation. Martin Andanar, head of the PCOO, calls EDSA 1 & 2 as destabilisation.
  • Uh. Ano daw ulit sinabi niya? Did he forget that EDSA 1 gave rise to Duterte in politics?
Andanar: Kaya nga kayo nag-Brexit di ba dahil wala na kayong tiwala sa EU? Hindi kami nakikialam sa EU, bakit sila nakikialam sa atin?
Andanar to EU: Bahala na sila sa buhay nila. Mag-iyot na lang sila. Crowd laughs and chants “Duterte! Duterte!”.
  • Pag kabastusan, si Duterte agad ang tinatawag. Bakit kaya?
Andanar: Napakagaling ng ating pangulo. Siya lang ang pangulo sa SEA ang naka-talo sa ISIS in 140+ days. Andanar claims that Duterte managed to defeat “ISIS & Maute” even though the terrorists were supported by ISIS in the middle east.
  • Thank you brave men and women of the AFP. Duterte didn't fire a single shot towards the Maute. And is in fact on record telling the Maute to burn Marawi
Andanar: Yung mga maiingay na pala-iyot, ang problema sa kanila hanggang ingay lang. Wala naman silang napatunayan.
  • ...
Andanar: Yung mga Prime Ministers and Presidents of other countries are all supportive of President Duterte.
  • Teka, diba galit kayo sa EU kasi nakikialam?
  • READ: Other countries = China.
Andanar: Yung mga nasa baba lang ang maiingay dahil nga kulang sila sa iyot.
  • ...
Andanar enumerates all SEA countries and said that all those countries have no complains about President Duterte.
Andanar: Donald Trump believes in President Duterte.
Andanar: Agrabyado tayo sa Western media. Wala tayong pera. Ayaw gumastos ni presidente sa PR.
Martin Andanar thanks Malcolm Conlan, an ambulance crew in the UK, for his support of President Duterte.
  • Libre yan, hindi katulad ke sass. Pero akala ko ba ayaw niyo ng may foreigner na nakikialam?
Andanar on @TrillanesSonny: Panahon pa ni Gloria, inaway niya. Inaway nyasi Angie Reyes. Walang nirerespeto si Trillanes.Aabutin din ng karma si @TrillanesSonny. Kakarmahin din yan. Yung kanyang bunganga, hindi talaga mapigilan.
  • Wag pahalata Andanar.
Andanar said the government is doing its best to reform the country for the betterment of all.
Andanar: Kapag mga dilaw at si tita Cory ang nag-RevGov, ok lang. Kapag ang gobyerno ngayon ang mag-RevGov, ayaw nila. Double Standards.
  • Wag tanga Andanar. The RevGov under Cory was a necessity, designed to bring the Philippines back to democracy after Marcos's Martial Law. Ilalagay mo ang powers na yan kay Duterte? Magisa ka.
Andanar claims that a lot of the problems the government is solving now like the MRT and Yolanda housing were made by the previous admin.
  • Which Duterte said was EASY TO SOLVE, tapang at malasakit (political will) lang ang kelangan.
Andanar claims P800k was used to build Yolanda houses while the current government spent only P200k for Marawi temporary housing.
Andanar: Mismanagement like Yolanda will not happen under this government.
  • So how is Duterte managing the War on Drugs? the MRT?
Andanar: 3k deaths are from legit police ops. 10k deaths, halo-halo na yan.
  • ...
Andanar: Bine-brainwash tayong lahat ng media sa ating paligid. They don’t want to believe the PNP. They have a different agenda.
Andanar: Media is turning a blind eye on the truth.They simply don’t like Du30. Liberal-left don’t want him, maybe they’re hiding something.
  • Ang daming tao ang "don't like Duterte." Natanong mo na ba sa self mo bakit?
Andanar hits Human rights groups. He claims they’re more concerned with the human rights of Maute and Hapilon.
  • ...
Andanar: Duterte doesn’t like legalisation of drugs. He doesn’t want the country to go to the dogs.
Andanar: Itong Human Rights, ayaw ipaglaban ang human rights ng mga pulis at sundalo. May kinikilingan ang human rights.
  • ...
Now it's Kris Ablan's turn.
Kris Ablan: Get your facts/news from PNA, PIA and PTV.
  • Diosko Lei, please reangle this!
Kris Ablan: @nytimes didn’t publish our point by point responses to the negative articles they wrote about President Duterte.
  • Maybe it's because the NYT doesn't publish lies? Baka lang ha, di ko sure.
Kris Ablan said that Press Attaches will be reactivated in London, US, Singapore and Middle East once they get the budget.
  • Fire Mocha and Badoy, para mas maraming ma-reactivate na press attaches.
Kris Ablan said that the govt is doing consultations across the country about federalism but the media isn’t reporting it comprehensively.
  • Kasi wala naman. Bakit di kayo magreport, di ba, PNA, PIA, and PTV. hahahaha Kahit state controlled walang reports di ba? Edi wala.
submitted by merdionesmondragon to Philippines [link] [comments]

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