We found 11 online brokers that are appropriate for Trading Halal Investment Platforms.
The debate between halal and haram is ongoing. Halal means permissible and haram means forbidden. Both words are mentioned in the Sharia Law of Islamic religion and Muslim investors follow the halal investment rule.
There is a certain set of rules to follow while segregating whether an investment is halal or haram. Below some of these discussed:
The first question a Muslim investor should ask is why they want to invest. Investing in the long term, for example 20 years, is different from a 1-year investment strategy that is based on the potential requirement of cash in the near future.
The reason for investment may be determined by one's appetite for risk. It should be noted here that risk is reciprocated in the returns of investment. So, it should be very clear why one is investing.
It is often said that time is the best friend of any individual. Hence, it is important to know for how long to continue the investment.
Suppose an investor bought a property and after about 10 to 12 months the market value of real estate crashes. Now, the reaction would be to sell it off to the earliest bidder before risking a further drop in price.
For investors who bought the property for a flip, the phenomenon would be a disaster. If he had bought it for the long term, the price drop in the near future would not bother him.
This is the reason time plays an important role in the market. If staying on an investment for a long period becomes tough, the investor ends up with a loss to meet the cash requirement. However, if the investor remains patient and can afford the ups and downs of the cash requirement, he can wait for the period when the market picks up again.
It is wise to protect the downside. It is done through the smart allocation of funds to the different proportions of assets and instruments. This means it is not a wise move to put all your eggs in one basket.
The allocation should be in both the low-risk and high-risk investments. Low-risk investment means low potential returns while high-risk is just the opposite. If an investor is fearful, he mostly invests in low-risk assets. If he is greedy and has more of an appetite for risk, he would invest mostly in high-risk assets.
Buying property is one of the best and most favourable investments for many as potentially good returns are expected over time. Properties are also rented out to generate a regular income.
Data reveals annual returns from property is somewhere between 6 and 10 percent.
There is one disadvantage to renting a property. If the tenant is not reliable, a good amount of money could be spent on the repairing work. This could wipe out the returns.
Investing in stocks is also counted as one of the best forms of long-term investment. It can be done through investing in shares of companies or in funds that are run by fund managers and the money is invested in a basket of companies.
The key factor to note here for halal investing is that the funds are Sharia Law compliant and fund managers work to establish the set criteria.
Investing in start-ups sometimes brings fortune and one of the best examples is Uber that returned 5,000x against the capital. Suppose an investor bought shares of Uber during the initial days of the company worth 5,000 pounds, it was worth 25 million pounds when Uber floated. Start-ups are highly rewarding as well as highly risky.
Gold is always considered a safe-haven by investors. It is one of the earliest investment assets to meet future financial crises. These days, it is also traded via ETFs, without owning the physical form of the precious metal.
This is the latest trend. Very few investors understand the potential of small businesses. Buying small businesses offers small returns.
Halal investing and haram investing are two opposite sides of investment in the Sharia Law, which is followed by Muslims worldwide. Investment is categorized in these two, and haram investing is completely forbidden.
Investment in gambling, wine and other such unethical segments are haram and people following Islamic religion try to keep away from such investment strategies.
However, sometimes an investment stands confusing like selling grapes is permissible but selling grapes to a wine merchant is forbidden.
In this article titled Halal Investing, we tried to shed some light on the segments in which a Muslim investor can invest.
We've collected thousands of datapoints and written a guide to help you find the best Halal Investing for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Halal Investment Platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Halal Investment Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Halal Investment Platforms.
Compare Halal Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Halal Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Halal Investment Platforms that accept Halal Investment Platforms clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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FP Markets
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 3,500,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Up with spreadex |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare Halal Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Halal Investment Platforms for 2021 article further below. You can see it now by clicking here
We have listed top Halal Investment Platforms below.