Assalamoaleikum-

I am looking for halal investment opportunities in banking sector (in USA).
For quite some time I have been searching for savings accounts or other investment opportunities which adhere to islamic principles and avoid interest. I cam across quite a many institutes in UK, Middle East, Pakistan, Malaysia and othe countries. But I didn't find any of them in US.
Any help would be appreciated.

Dan

Comments

Mon, 2007/08/20 - 04:19

I am also looking for Islamic savings or investments which are compliant with Shariah Law, however am unable to find any in the UK. Dan said he has seen a few in UK, Please could you advise me of them. Thank you. Safia

Sun, 2007/08/26 - 01:56

Walaikum salaam wr wb,

In regards to Islamic Investments, there are many mutual funds that are out there that do this for you. One example is Amaana Mutual Funds. AMANX or AMAGX -- check both these out on google finance or yahoo finance. Alhamdulilah from the little research I have done they are halal. So, you could open up an account with any broker and invest in this mutual fund.

Apart from this, you could invest in stocks of "halal companies" (i.e. no alchoholic, cigarette, financial institution like bank, etc.) THese could be companies like ExxonMobil, Chevron, General Electric, Microsoft, etc.

Investments such as Bonds, putting money in a savings account and gaining interest, investing in haraam companies (i.e. alchohol, cigarette, banks, etc) are not allowed based on islamic shariah.

Fri, 2007/12/28 - 16:18

Apart from this, you could invest in stocks of "halal companies" (i.e. no alchoholic, cigarette, financial institution like bank, etc.) THese could be companies like ExxonMobil, Chevron, General Electric, Microsoft, etc.

Comment from UK brother

This assumes that these companies (ExxonMobil, Microsoft etc) donot deal in interest from banks.
Please read this article on islam Q and A found in the link below
http://www.islam-qa.com/index.php?ref=8590&ln=eng&txt=shares

A sample of this article is shown below.

Excluded from this are companies which deal in haraam things, such as selling alcohol, tobacco and music tapes. It is not permitted to have shares in these companies, or to buy these shares. If the company openly deals in ribaa (usury, interest), then it is not permissible to deal with it. but if a manufacturing, agricultural or business company is compelled to deposit its money with the bank in order to protect it from being lost or stolen, then it is permissible because of that necessity for the owners of the company to get rid of the interest which the bank gives them on their deposits. Companies should also avoid using riba-based loans in order to set up production lines and factories; that should be achieved by using cash and the money of the shareholders.

And Allaah is the source of strength.

Sheikh Muhammed Salih Al-Munajjid

Sun, 2008/06/15 - 05:33

Salaam,
im Nurul Hidayah frm Malaysia. I converted Muslim at year 2005. I married a Malaysian and i got 2 chldren age between 2years-3 months.Im a second wife.For the past 5year my husbnd worked in a private cmpany here in Msia for a salary of rm 4000. That mean our allowance a month is Rm 2000. Its enough for our expenses. We just hire the house.At the month of march my husbnd fired by the owner without any confensation.My husbnd got share in small business in kl but the profit Rm 1500/month go straight on the first wife.Now my husbnd dnt have work since March 2008. We plan to start fishing boat business but we dnt have capital. We got business plan. We seek help for Muslim inventor to please invest to us so that we cn start our small fishing boat business. Alot of muslim fishermen here we cn help through this business. We cn make a co-operative betweet them.Got investor here alot bt we are Muslim we want to eat the HALAL and we want to earn from Halal.My email smnor007@yahoo.com.my if you interested to help insyallah we cn gve you a 30% share in nett profit after the 100% ROI paid. The investment cpital, we wil partially pay depend on the business monthly profit. The expected nett profit is Rm 50k/month.

Dear All Visitors Assalamualaikum,

Please visit our website and feel free to contact.

Our Website: www.hilal.co.in

Our Contact Details:
6B, Mustafa Apartment, Dongre Nagar, Opp. Tanwar Nagar, Kausa, Mumbra, Thane - 400612, Maharashtra, India.
Email: info@hilal.co.in Telefax: (+91) (22) 2 535 6539 (+91) 9820275629 (+91) 9819177796.

Contact Person: Suhail Alji

Salam.

Sat, 2007/11/24 - 19:26

Assalaamu alaikum wr wb,

I would be more careful with your investments than the previous poster suggested. Of course, you must not invest in any companies that sell alcohol, cigarettes, charge interest, etc. but I would suggest that you consider investing in social investment funds because being a Muslim is more than just avoiding the explicitly haram -- you must also seek out good and righteous things. Please check out http://www.socialinvest.org/resources/mfpc/screening.cfm as a starting point because it tells you whether the investment company invests in alcohol and tobacco, as well as many other factors that are very Islamic (such as human rights, etc.). Insha Allah you can start from there.

Salaam

Please what happens when a customer terminates his investment before maturity, (i.e. details on the termination of mudarabah investment before maturity)

kindly respond immediately

Sat, 2008/07/26 - 01:27

well just wanted to let that sister know about the bank in uk.its islamic bank of britan

thanks

i am also trying to find some investment oppertunities in the usa but have failed........can any one help

Fri, 2008/08/01 - 21:52

asslamu alaikum.i need a simple answear for a simple question please. alcahol containing products such as scents, deoderants, creams, make ups, soaps, shampoo, & ect, is it ok to use? and if it is, is its ok to pray salah with it? please kindly reply by emailing me by my email address, i would appreciate. allah hafiz.

Sat, 2008/10/04 - 02:02

scents, deoderants, creams, make ups, soaps, shampoo is ok to use if they contains alcohals.

non-alcohalic scents, deoderants, creams, make ups, soaps, shampoo are avaialbe in the market with the same price. you can use buy those.

Sun, 2008/09/28 - 08:42

is there any place that i can find list of halal companies approved for the investment.. or is it upto ur judgement that u research and invest. pls provide any link if there is any kind of list anywhere.

Fi amaillah

Sun, 2008/11/09 - 10:22

try www.shariah-fortune.com
they provide a directory for islamic banking & finance institutions

regards
Ahamad

Tue, 2010/01/05 - 22:34

We have a lot of business in HALAL compliance in Malaysia. Interested?

Ismail
myagar@ymail.com

Mon, 2010/08/30 - 14:02

I am glad this discussion is going on. i am interested in the companies being suggested by Ismail. I will be glad if the list could be made available for our consuption or sent to our e-mail. jazakhallahu khairan

Tue, 2009/03/24 - 18:13

Here is an interesting place to invest, or a nice place to know if you are looking to purchase a home in the U.S. The website is http://www.coopfirst.com.

The company offers loans based on islamic concepts. If you are investing, the loans are backed by the title to the house, and the return is reasonable.

Wed, 2009/04/29 - 23:53

assalaamu alaikum.
i pary what i write here sounds sincere whoever listens.
i am a founder of islamic stationery business based on usa. i found great possibility and market on islamic stationery, arts and gift items. wherever we present our products, it was a sensation, and got so many praises from many. only thing is that i really need to develope this in a professional way. although i am good at brining creative idea-alhamdulillah, i am not good at finance. if someone out there wants to invest and wants to find out more, i will eager to explain and show what we have worked on. i started with intention that brings quality works to our communtiy as well others. my plan is once we got enough products i would like to franchise stores. there are many things i would like to state here, but rest will be for someone who is really interested in. it is like simply hallmark and potterybarn style business as i can say. all based on islamic arts, which sources are abundant, and i am proud of.
thank you.
assalaamu alaikum.

Fri, 2009/09/11 - 10:29

Assalaamu alaikum.

I would love to invest we need to talk of course i live in the uk plz contact me

Sat, 2010/02/13 - 02:50

Well, I am coming up with an Islamic Analytical Platform .. but need to set up in UK. At this moment, Malaysia and Singapore will be be fully operational for 1 Quarter this year.. and as said, need to set up in UK , so injection to have an office there is needed. If anything please email back to me. Tku Wassalam

Tue, 2010/04/27 - 14:32

Dear Ishak Ismail,

Im based in the UK and will be happy to assist you in setting up an office here for this cause.
you can contact me email: qasim_mohammed@hotmail.com

Wasalam
Q

Wed, 2010/03/10 - 03:38

Hi,
Greetings. I saw your posting in Islamic invester.com. This is Sasi kumar from India, i am an enterpreneur. I have 14 years of experience in animation industry. I am looking for an investment of USD5,000,000million(Five million USD) to start this studio. This studio will deliver content for global market. Risk free high profile and lucrative business.
Kindly help me. I would never forget this great help.
Thanks and regards
Sasi kumar
+91 9710328803

Sat, 2010/04/03 - 11:55

Can we contact and talk about the investment?
Ty.

Sun, 2010/04/04 - 00:08

Assalamu'alaikum
Let's talk about investment as what you would
ty

Mon, 2010/07/19 - 05:36

ihave patened registered cooking utensiles for cooking hala food COMPANY CALLED PURE BE SURE BE PURE COOKING UTENSILES HALA ONLY THE RIGHT WAY THE ONLY WAY. ALL READY TO GO TAKE 50 MILLION IN FIRST 5 YEARS NEED 300000 INVESTMENT RING 07778875605

Thu, 2012/11/15 - 04:44

Assalam Alikum,
Dear Brother or sister.

We are seeking an investor to invest in any business ( Hospitality, Pharmaceutical, Transport, Real Estate and more ) in Maldives.

For more information I would like to talk you soon.

Please contact me at ashaamil@gmail.com

Ma' Assalam

Fri, 2009/10/23 - 12:18

Assalaam alaykum.
I am interested in knowing more about your business. Please contact me on the above email address with details on how much an investor can contribute and more about your business location e.t.c
Wa alaykum salaam.

Dear Bro/Sis n islam,
Assalamu alaikum.
I'm Supplying fresh buffalo meat to various exporters in India. Now a days the frozen meat requirement very high in international market. I planning to setup a Halal slaughter house along with cold storage facility. The total estimation of this project is 2 crore. We need investor as partner upto invest 1 crore.
Thanks n regards
Hussain

I am a passive angel investor without the time or expertise but with solid background financially that targets fast growing companies in financial services, health care, minning and exploration, agriculture,entertainment, hospitality, real estate, Manufacturing and information technology sectors that is seeking expansion or willing to start up.
I am looking forward to financially back a very highly motivated entrepreneurs who have the vision and work ethic to build a highly profitable business but lack the capital to do so alone.
I invest also in companies that have demonstrated market acceptance and seek additional capital to accelerate growth.
For details and inquiry kindly visit our contact: Joseph Oliver
email:continentalinvs@aol.com

Wed, 2010/02/24 - 11:45

I am seeking to find an investor who can finance my farm project for a period of 10 years at a cost of $3million US dollars. The investor will recieve a fair financial return on the investment. This project will be launched in trinidad by me with the intention of helping in developing the down stream industries and at a later time the value added chains.In so doing this will then create employment opportunities for alot of people providing I can get an investor who can finance the project for me to get started.Contact: trinigoatmaster@yahoo.com or phone 1-868-378-1126

DEAR ALL,
ASSALAMU AIKUM,

I MY YUSUF RAHMAN FROM INDIA,WORKING WITH INDIA FINANCIAL MARKET MORE THEN 7 YEARS AS A FINIANCIAL ANALYST,I HAVE MY OWN HALAL PORTFOLIO FOR A HALAL INVESTORS,WILLING TO INVEST IN INDIAN FINANCIAL MARKET CONTACT ME VIA MY MAIL ID.INDIA IS ONE OF THE VERY MUCH DEVELOPING COUNTRY,INIVEST IN INDIA STOCK MARKET IS VERY SAFE AND U GET A AWESOME RETURN WHEN COMPARE TO ANOTHER MARKET.MY EMAIL Id yusufrrahman@gmail.com all indian NRI and foreigh investors are welcome.

"Money is a terriable master but a excellent servent"

Mon, 2010/03/08 - 15:28

assalam O alaikoum.
My name is Dean, A Moroccan living in the US looking to go back to Morocco and start a business, Looking for investors the idea is great and it's %100 we will be the only company ruling the market and it's a one million dollars investment ,in 3 years you will be able to see profit with your money back risk free away from the banking industry and it's halal.
if interested please contact me at: 1(201)280-2462 or E-mail me :sidideangmail.com.

Have a look at www.wealthcity.in

They are doing Shariah Compliant Investment services in India

their website is also quite informative.

"""Wealth City, provides Faith based Financial and Investment solutions to clients, specializing in Shariah / Ethical investments. We are the first of its kind in Whole of South India to provide Shariah / Ethical Investment Services. Wealthcity has have tied up with Religare, a Ranbaxy Group company to bring the best of Stock Markets, Mutual Funds, Portfolio Management Services, Real Estate Investment, Wealth Management Services, etc all in a Ethical / Shariah Compliant Way. """ from their website

They seem to professional

Sat, 2010/05/15 - 08:20

I am seeking an investor who could finance our fresh dates and olive oil export and wholesale within USA , good income inshallah , ten (10) 40` containers of dates and 2 olive oil containers planned to be delivered before ramadan 2010 to many muslims stores in usa.
Capital requested up to 500.000 , we can use my us company or create new one.
if interested please feel free to contact me by calling 786-349-7173 or omc4com@gmail.com

salam and God bless

Mon, 2010/09/13 - 18:32

Salam Dear brothers,

We have great pleasure in intorducing ourselves at Axton International Transportation Maldives Pvt Ltd. We come with 05 years knowledge of local market. Our vision is to achieve excellence through diversity of business.

Therefore now we seek for a foriegn partner who would like to invest here in Maldives in Fisheries Industry. Which will give a return of a fortune, if well managed.
Fishing Industry if the second largest channel for income in the Maldives. Famous Tuna fish is highly demanded for the European and Japanese markets. The only thing that is exported from Maldives is Fish. The industry has grown over the years that people have even started to invest machineries to make cane fish.

A normal size ( 100ft length) fishing boat catches About an average min of 5 to 10 tons of fish a day. On a good day boats catches about 20 to 30 tons of fish.
Hence we would like to approach your company to seek if your interest in investing this gold mine.

If you have any further clarification please do contact us at any of the follwoing numbers or drop a mail.

Waiting for a favourable reply.

warm regards,

Adam Ali
Managing Director
Axton International Transportaion Maldives Pte. Ltd.
Male', Rep Of Maldives.
E-mail : axtonadam@hotmail.com
Mobil :009609993547

Wed, 2010/12/01 - 05:57

we are export group of halal food and agricultural product from iran to the international market and we will be happy to work with international investors and partner to expand our trade to other parts of world if you are intrested to work with us please contact me to this email address : behnamahmadzadeh@gmail.com

or if you wanna find markets in iran, iraq, turkey and azerbayjan i can help and work with you in this matter or for marketing in these regions and in middle east

Wed, 2010/12/01 - 06:02

we are export group of halal food and agricultural product from iran to the international market and we will be happy to work with international investors and partner to expand our trade to other parts of world if you are intrested to work with us please contact me to this email address : behnamahmadzadeh@gmail.com

or if you wanna find markets in iran, iraq, turkey and azerbayjan i can help and work with you in this matter or for marketing in these regions and in middle east

Wed, 2010/12/01 - 06:09

we are export group of halal food and agricultural product from iran to the international market and we will be happy to work with international investors and partner to expand our trade to other parts of world if you are intrested to work with us please contact me to this email address : behnamahmadzadeh@gmail.com

or if you wanna find markets in iran, iraq, turkey and azerbayjan i can help and work with you in this matter or for marketing in these regions and in middle east

Wed, 2012/02/08 - 16:58

Salaam Alaikum,
we can offer you the opportunity to invest directly in science, biotec, medical, energy worldleading companies of Germany and Austria because these countries have an amazing potential of new products and innovation.They have a long tradition of considering these aspects.
To respect the nature , what Allah create is our duty to keep also for the following generations.
Allah is the source of wisdom and wealth.
The names of thes companies are:
Brain
antisense pharma (brain tumor and pancreas tumor )
affiris (alzheimer, MS, parkinson)
ident technology ( 3 D dimensions with computers and smartphones)
suppremol
ganymed (breast cancer)
certgate (security systems)
sunhill (mobil parking in Abu Dhabi)
cynora (light will be printable with the help of algues)
siltectra (solar enery will become very cheap)
protagen(prostata cancer)
amsilk (they are the first company which produce spidersilk for a variety of possibilities)
efficient energy (energy costs for air conditions will be cut down to 40 % only of the normal costs!means:you save 60 %))
etc.
Our co-investors are
Bosch, Siemens, SAP Divini Hopp,Strüngmann,etc.
Do not hesitate to contact us.
Sincerly Usama and Annette Abdelbary

Fri, 2012/07/20 - 13:50

Hi there, I saw your post on the website about opportunities to invest in Germany
Tell me more.

Dear muslim brothers!
My name is Marsel, i'm a representative of a russian company, which is in the Republic of Bashkortostan, the city of Ufa. Our aim is to seek and attract foreign investors. We have a ready project (business-plan). The place of realization is in the Republic of Bashkortostan, the Askino disict, that is a perspective region with raw material resources for development. The type of activity is a wood-processing, construction of a wood-based panels plant (OSB-plant). The administration is ready to support us. We have a stable team, ready to work, access to raw material resources, a cheap labor force. According to our President, this type of business is perspective and will be supported by our state, and that's why our company tries to realize this project first, because this type of project is interesting for many people.
If you are interested in our project, we are ready to discuss any types of collaboration and funding.
sencerely,
Marsel Shamsutdinov.
email: atlant-ziliya@mail.ru
Tel: 89279665908
skype: liliya198999

Mon, 2012/04/23 - 01:25

asssalamu allaikum
i am running a used motor vehicle in japan .and need a financial partner or an invester to expand the business
please contact

arooz jiffry
tel 81-80-3386-7362

Sat, 2012/07/21 - 04:32

We have great pleasure introducing ourselves, the meat -plant factory "Merke-Et" LLP from Kazakhstan. My name is Rinat, i'm a representative of this company, which is in the city of Merke. Our aim is to seek and attract foreign investors. We have a ready business. Our meat-plant factory Halal slaughter, produce canned beef stew in own juice and other meat products. For nowadays we are supply for our local market fresh chilled beef and lamb meat, and the frozen meat requirement very high in international market. But we don't have cold storage facility ( block frozen) to prepare frozen meat .

We supply only Halal food, as you know halal food is healthy food. We have a stable team, ready to work, access to material resources, a cheap labor force. According to our President, this type of business is perspective and will be supported by our state, and that's why our company tries to realize this project first, because this type of project is interesting for many people.

If you are interested in our project, we are ready to discuss any types of collaboration and funding.

email:almaty.kyzyl@gmail.com

Fri, 2012/11/09 - 11:05

WE HAVE INVESTOR IS VERY SERIOUS NEED TO LOOKING TO GET PARTENER WITH JV WITH OWNER FOR MANUFACTURED HALAL
THE MINIMUM 1MILLIONS USD
PLEASE CONTACT ME VERY ASAP MIINSTRUMENT@GMAIL.COM
SKYPE GHAZAL6691

Mon, 2012/11/19 - 14:50

Salam!

We are looking for investors to open shop (food, candy, chocolate). Confectionery products of own production.