Muslim Money Talk Halal Stocks Expert: Ethical Vs Shariah Screening, Active Vs Passive, Fixing Donations & More! | Ep 49 - Rehan Ahmed
Meet Rehan Ahmed, founder of Halal Stocks, an Australian based FinTech on a mission to give investors an unfair advantage in the markets.
Ethan shares his journey from tech to the Muslim
Charity sector and how a shocking revelation led him to founding Halal Stocks. We discussed the evolution of halal investing, why you really can beat the markets, practices of the early Muslims and crucially: how to align Islamic and ethical investing.
Find out more about Halal Stocks and become a lifetime member here : https://t212.halalstocks.co/
This podcast is hosted by Areeb Siddiqui, the founder and CEO of Kestrl, the app that helps people to grow their wealth without compromise
Find out more about our app here: https://kestrl.io/
Show Notes:
00:00 - Trailer
02:48 - Growing up in Australia
05:10 - Quitting IBM to join Muslim Aid
10:05 - Realising how Charities pay salaries
17:17 – Lack of halal investment options in Australia
20:21 – Launching Halal Stocks in 2018
22:43 – Value investing vs. Growth investing
26:08 - Can you ever beat the market? Active vs Passive debate
32:32 - Are stocks still worth investing in?
34:25 – Halal Stocks’ offering: automated portfolios, not funds
36:07 – Sharia compliance vs. ethical investing: the BDS challenge
38:53 - Helping Muslims escape 40 hour work weeks
43:03 - Muslims building the first Market in Medina
46:18 - Can Muslims really make a difference in the markets?
48:23 – Why don’t Islamic Investing Standards include Ethical Screening?
51:16 – Dispelling the myth: most companies aren’t involved in unethical practices
53:06 – Getting Lifetime
Membership at Halal Stocks!
54:50 – Upcoming products: intelligent crypto, gold, and US market timing
58:01 – Final advice: follow the Prophet’s example through entrepreneurship
01:00:20 – Audience Q&A : the risk of entrepreneurship