Investing in the stock market can be an exhilarating and rewarding experience, but it can also be a daunting task, especially when it comes to selecting the right investment options. As a devout Muslim, I have always been interested in investing in a way that aligns with my faith, adhering to Shariah principles. That's when I discovered Wahed Invest and their groundbreaking offering, the Wahed FTSE USA Shariah ETF (HLAL). In this blog post, I will share my incredible success story and how I made a profit in US stocks through this unique investment vehicle.
Understanding Wahed FTSE USA Shariah ETF (HLAL):
Before diving into my success story, let's take a moment to understand what the Wahed FTSE USA Shariah ETF (HLAL) is all about. Wahed Invest, a pioneering halal-focused investment platform, introduced this ETF to provide Muslim investors with an opportunity to invest in US stocks while adhering to Islamic principles.
The HLAL ETF tracks the FTSE USA Shariah Index, which consists of US companies that meet specific Shariah criteria. These criteria exclude businesses involved in prohibited activities such as alcohol, gambling, tobacco, and interest-based financial services. By investing in HLAL, Muslim investors can enjoy exposure to the US stock market without compromising their ethical and religious beliefs.
My Journey with Wahed FTSE USA Shariah ETF (HLAL):
When I first heard about the HLAL ETF, I was intrigued by the prospect of investing in US stocks in a halal-compliant manner. After conducting thorough research and understanding the fundamentals of the ETF, I decided to invest a portion of my portfolio in HLAL.
The investment process with Wahed Invest was seamless. Their user-friendly platform allowed me to create an account and invest with ease. I appreciated the transparency provided by Wahed Invest, as they disclosed the underlying holdings of the ETF, enabling me to make informed investment decisions.
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