Halal Mutual Funds are a great way to invest according to religion and it can help you build your wealth with long term financial success by investing in the Halal sector
In today’s era when people are engaged in increasing their savings and looking for different options, a question arises whether my investment is on Islamic method or not.
This question becomes even more important for those people who want to keep their finances according to their religion, for them Halal Mutual Fund is a good option.
Halal Mutual Fund is an investment fund that follows Islamic rules. This fund does not invest money in those companies which are haram business in Islam like alcohol, gambling and interest.
These funds have expert Islamic scholars who ensure that the investment remains Halal.
Features of Halal Mutual Funds
Investment in Halal mutual funds always follows the rules of Islamic finance, which means that the fund does not invest in sectors that are considered haram in Islam
Halal mutual funds do not invest in a single sector or a single company like other mutual funds, but invest in many companies, which reduces the risk to a great extent.
Sharia Audit The fund is inspected on a regular basis to see whether the fund is operating in a Sharia or Islamic way
Halala mutual funds list in india
1. Tata Ethical Fund. This is a Shariah compliant fund
2. Taurus Ethical Fund. This is a well-known Halal mutual fund
3. Sundaram Select Ethical Fund. This also falls under the Shariah compliant fund category
4. Nippon India ETF Shariah Bees. This is an ETF that is Shariah compliant
5. Aditya Birla Sun Life Shariah Compliant Fund. This is another Shariah compliant mutual fund
If you want more information about these funds, you can ask your financier or visit online platforms to get complete information
How to Invest in Halal Mutual Funds
In today’s era when people are engaged in increasing their savings and looking for different options, a question arises whether my investment is on Islamic method or not.
This question becomes even more important for those people who want to keep their finances according to their religion, for them Halal Mutual Fund is a good option.
Halal Mutual Fund is an investment fund that follows Islamic rules. This fund does not invest money in those companies which are haram business in Islam like alcohol, gambling and interest.
These funds have expert Islamic scholars who ensure that the investment remains Halal.
Disclaimer
Before investing in any mutual fund, get complete information about that fund
What is the size of the fund, how many stars are there, at least 3 stars is good
Mutual funds also fluctuate like the stock market, there is some risk in it too
Invest according to your risk, if you invest for a long time then the risk reduces and you can earn a lot of money
If you want complete information about any mutual fund then comment
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