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									Halal Invest-Mentor Forum - Recent Posts				            </title>
            <link>https://cms.halalinvestmentor.com/forum/</link>
            <description>Halal Invest-Mentor Discussion Board</description>
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                        <title>RE: BPCL, IOC &amp; ONGC - Sharia Compliance</title>
                        <link>https://cms.halalinvestmentor.com/forum/stock-suggestions/bpcl-ioc-ongc-sharia-compliance/#post-102</link>
                        <pubDate>Wed, 05 Feb 2025 18:30:03 +0000</pubDate>
                        <description><![CDATA[Unfortunately due to lack of resources we have discontinued the screener and as such would not be able to comment on the compliance status of these companies.]]></description>
                        <content:encoded><![CDATA[<p>Unfortunately due to lack of resources we have discontinued the screener and as such would not be able to comment on the compliance status of these companies.</p>]]></content:encoded>
						                            <category domain="https://cms.halalinvestmentor.com/forum/"></category>                        <dc:creator>Halal Investmentor</dc:creator>
                        <guid isPermaLink="true">https://cms.halalinvestmentor.com/forum/stock-suggestions/bpcl-ioc-ongc-sharia-compliance/#post-102</guid>
                    </item>
				                    <item>
                        <title>BPCL, IOC &amp; ONGC - Sharia Compliance</title>
                        <link>https://cms.halalinvestmentor.com/forum/stock-suggestions/bpcl-ioc-ongc-sharia-compliance/#post-101</link>
                        <pubDate>Wed, 05 Feb 2025 07:03:07 +0000</pubDate>
                        <description><![CDATA[Are BPCL, IOC &amp; ONGC stocks sharia compliant?. Some screening platform shows that they are non-compliant. Please also confirm that Halalinvestmentor screener is providing the halal stock...]]></description>
                        <content:encoded><![CDATA[<p>Are BPCL, IOC &amp; ONGC stocks sharia compliant?. Some screening platform shows that they are non-compliant. Please also confirm that Halalinvestmentor screener is providing the halal stocks based on the latest report.</p>]]></content:encoded>
						                            <category domain="https://cms.halalinvestmentor.com/forum/"></category>                        <dc:creator>Sidheeque UK</dc:creator>
                        <guid isPermaLink="true">https://cms.halalinvestmentor.com/forum/stock-suggestions/bpcl-ioc-ongc-sharia-compliance/#post-101</guid>
                    </item>
				                    <item>
                        <title>RE: Urgently seeking advice as I am not sure where to find it</title>
                        <link>https://cms.halalinvestmentor.com/forum/main-forum/urgently-seeking-advice-as-i-am-not-sure-where-to-find-it/#post-99</link>
                        <pubDate>Sun, 28 Apr 2024 17:42:13 +0000</pubDate>
                        <description><![CDATA[Dear Brother Badr , Walaikum Salam.
Glad to hear your genuine concerns on earning the halal way . May Allah guide you and make it easy for you. 
To answer your question , first of all I am...]]></description>
                        <content:encoded><![CDATA[<p>Dear Brother Badr , Walaikum Salam.</p>
<p>Glad to hear your genuine concerns on earning the halal way . May Allah guide you and make it easy for you. </p>
<p>To answer your question , first of all I am NOT a mufti and so I'm neither qualified not authorized to give a fatwa for your specific situation. But to provide a layman's perspective with some knowledge of islamic finance, the job responsibility as described seems to be generally not in contravention to islamic sharia principles. (of course nothing in this time and era is 100% clean). </p>
<p>As for the funding part which you described as being funded upto 20% by debt, lets understand it this way. For your earning to be halal the work that you do should not be related to anything that promotes , helps or generates haram income and activity like interest based debt. Secondly the primarily source of the income of the company that you work with should not be from haram sources. Like for example if I work with a bank even in a non-credit function all my actions are towards promoting the haram work of bank and also the salary I receive is from the haram income that the bank generates.</p>
<p>With the limited information about the company detailed specifics, I assume that the primary income of your prospective employer is fee for managing clients funds and debt interest is not the primary source of its income. Therefore I dont see that to be an issue and as your job profile does not entail you to give loan or witness loans or other such acts (although I do understand that a part of it could involve investing funds in some debt instruments as well).</p>
<p>As with most of the things in this modern economic system, things are not black and white but there are some grey elements. As long  as the amount of haraam is minimal and is not the core of the activity and your niyah is right I don't think that it is a problem. </p>
<p>But as I said I am not a Mufti it is better to seek professional opinion of a qualified with detailed specifics. </p>
<p>As a practical approach would suggest you to make istikhara and accept the offer and incase you get a negative opinion from a qualified mufti you can always leave the position. Also keep looking for an alternative that is free of all doubts.</p>
<p>I would also suggest you to gain some more information about the sharia aspects of halal or haram income (some of the articles on my website might give you some insight) and form an informed opinion about the subject.</p>
<p>Hope it gives some clarity .</p>
<p>May Allah make it easy for you to choose the right path. Ameen.</p>]]></content:encoded>
						                            <category domain="https://cms.halalinvestmentor.com/forum/"></category>                        <dc:creator>Halal Investmentor</dc:creator>
                        <guid isPermaLink="true">https://cms.halalinvestmentor.com/forum/main-forum/urgently-seeking-advice-as-i-am-not-sure-where-to-find-it/#post-99</guid>
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                        <title>Urgently seeking a career advice as I am not sure where to find my answer</title>
                        <link>https://cms.halalinvestmentor.com/forum/main-forum/urgently-seeking-a-career-advice-as-i-am-not-sure-where-to-find-my-answer/#post-98</link>
                        <pubDate>Sat, 27 Apr 2024 15:53:44 +0000</pubDate>
                        <description><![CDATA[URGENT career advice
As-salam alaykoum
I trust this email finds you in good health.
 
I am a Muslim living in France and passionate about halal investment in its various forms, especiall...]]></description>
                        <content:encoded><![CDATA[<p><span style="text-decoration: underline"><strong>URGENT career advice</strong></span></p>
<p>As-salam alaykoum</p>
<p>I trust this email finds you in good health.</p>
<p> </p>
<p>I am a Muslim living in France and passionate about halal investment in its various forms, especially in real estate. I have just graduated from a business school in France and I am looking for a job that will eventually allow me to understand and know how to manage my money and invest it in a halal manner. I am reaching out to seek your guidance in this matter. I have recently been offered a position as a junior fund management analyst at a renowned real estate investment firm in France. And <strong>I have to give the company an answer at the beginning of the week</strong>.</p>
<p><strong>I am genuinely asking for your help and guidance. Is this job (junior fund manager) a halal one ?</strong></p>
<p> </p>
<p>Allow me to elaborate further on the responsibilities associated with the role of an analyst Fund manager offered by the company. <span style="text-decoration: underline"><strong>Approximately two-thirds 2/3 to three-quarters 3/4 of my duties entail:</strong></span></p>
<p>1) Calculating and monitoring the forecasted performance of the funds</p>
<p>2) Monitoring and controlling (valuations, cash flow management, banking ratios) + reporting</p>
<p> </p>
<p><span style="text-decoration: underline"><strong>The last 1/4 to 1/3 consists of:</strong></span></p>
<p>3) Help manage and acquire new real estate acquisitions</p>
<p>4) Assist in the real estate investment strategy in coordination with the Asset Manager</p>
<p> </p>
<p>It is imperative to note that the organization offering me this position primarily utilizes equity financing for the acquisition of real estate assets. These funds are predominantly sourced from reputable institutions (including corporations, banks, insurance firms, and governmental entities) as well as wealthy individuals (such as family offices). However, a small fraction of the investment capital is supplemented by interest-bearing loans from banks, which raises concerns regarding compliance with halal principles. To give you a more specific idea, a significant portion of the fund, approximately 80% to 90%, is equity-based, while the remaining portion is funded through debt. To provide more clarity, the funds managed by this company are French SCPIs. The U.S. or U.K. counterpart to the SCPI is a Real Estate Investment Trust (REIT). Despite this small amount of debt and the tasks of my job, will my work be haram ? Please, I seek your genuine advice and clarification on whether my engagement in this role would be deemed permissible according to Islamic principles. Your insights and guidance on this matter would be immensely appreciated.</p>
<p> </p>
<p><span style="text-decoration: underline"><strong>Please let me add :</strong></span> I do not intend to stay in this profession for very long. I aim to pursue this career for a short duration (6 months to 1 or 2 years max) before transitioning to a role in Asset Management or Investment within a Shariah-compliant investment company. Unfortunately, there are no Shariah-compliant investment companies in France. Therefore, my plan would be to start with this profession (as an analyst in fund management in Real Estate) and then move to the United Arab Emirates or another Gulf country where there are certainly Shariah-compliant investment companies in need of my profile.</p>
<p> </p>
<p>Warm regards and As-salam alaykoum,</p>
<p>Badr,</p>
<p>To contact me : cosmos.badr@gmail.com</p>]]></content:encoded>
						                            <category domain="https://cms.halalinvestmentor.com/forum/"></category>                        <dc:creator>Badr Cosmos</dc:creator>
                        <guid isPermaLink="true">https://cms.halalinvestmentor.com/forum/main-forum/urgently-seeking-a-career-advice-as-i-am-not-sure-where-to-find-my-answer/#post-98</guid>
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				                    <item>
                        <title>Urgently seeking advice as I am not sure where to find it</title>
                        <link>https://cms.halalinvestmentor.com/forum/main-forum/urgently-seeking-advice-as-i-am-not-sure-where-to-find-it/#post-97</link>
                        <pubDate>Sat, 27 Apr 2024 15:20:38 +0000</pubDate>
                        <description><![CDATA[!!! URGENT !!!
Dear all,I trust this email finds you in good health.I am a Muslim living in France and passionate about halal investment in its various forms, especially in real estate. I h...]]></description>
                        <content:encoded><![CDATA[<p>!!! URGENT !!!</p>
<p>Dear all,<br />I trust this email finds you in good health.<br /><br />I am a Muslim living in France and passionate about halal investment in its various forms, especially in real estate. I have just graduated from a business school in France and I am looking for a job that will eventually allow me to understand and know how to manage my money and invest it in a halal manner.<br /><br />I am reaching out to seek your guidance in this matter. I have recently been offered a position as a junior fund management analyst at a renowned real estate investment firm in France. <br /><br />I am genuinely asking for your help and guidance. Is this job (junior fund manager) a halal one ?<br /><br />Allow me to elaborate further on the responsibilities associated with the role of an analyst Fund manager offered by the company. <br /><br />Approximately two-thirds 2/3 to three-quarters 3/4 of my duties entail:<br /><br />1) Calculating and monitoring the forecasted performance of the funds<br />2) Monitoring and controlling (valuations, cash flow management, banking ratios) + reporting<br /><br />The last 1/4 to 1/3 consists of:<br />3) Help manage and acquire new real estate acquisitions<br />4) Assist in the real estate investment strategy in coordination with the Asset Manager<br /><br />It is imperative to note that the organization offering me this position primarily utilizes equity financing for the acquisition of real estate assets. These funds are predominantly sourced from reputable institutions (including corporations, banks, insurance firms, and governmental entities) as well as wealthy individuals (such as family offices). However, a small fraction of the investment capital is supplemented by interest-bearing loans from banks, which raises concerns regarding compliance with halal principles. To give you a more specific idea, a significant portion of the fund, approximately 80% to 90%, is equity-based, while the remaining portion is funded through debt.<br /><br />To provide more clarity, the funds managed by this company are French SCPIs. The U.S. or U.K. counterpart to the SCPI is a Real Estate Investment Trust (REIT).<br /><br />Despite this small amount of debt and the tasks of my job, will my work be haram? Please, I seek your genuine advice and clarification on whether my engagement in this role would be deemed permissible according to Islamic principles.<br /><br />Your insights and guidance on this matter would be immensely appreciated.<br /><br />Warm regards,<br />Badr<br />To contact me : cosmos.badr@gmail.com</p>]]></content:encoded>
						                            <category domain="https://cms.halalinvestmentor.com/forum/"></category>                        <dc:creator>Badr Cosmos</dc:creator>
                        <guid isPermaLink="true">https://cms.halalinvestmentor.com/forum/main-forum/urgently-seeking-advice-as-i-am-not-sure-where-to-find-it/#post-97</guid>
                    </item>
				                    <item>
                        <title>The three ratios</title>
                        <link>https://cms.halalinvestmentor.com/forum/main-forum/the-three-ratios/#post-96</link>
                        <pubDate>Mon, 22 Jan 2024 16:35:09 +0000</pubDate>
                        <description><![CDATA[You have explained the three ratios of your screener.
But you have not told which ratio is ratio1, and which ratio is ratio2, and which ratio is ratio3 of your screener 
 
Can you please ...]]></description>
                        <content:encoded><![CDATA[<p>You have explained the three ratios of your screener.</p>
<p>But you have not told which ratio is ratio1, and which ratio is ratio2, and which ratio is ratio3 of your screener </p>
<p> </p>
<p>Can you please tell what is ratio 1, ratio 2, ratio 3 .</p>
<p> </p>
<p>For example Is ratio1 is fixed assets to total assets ratio or debt to total assets or non compliance investment ratio?</p>
<p> </p>
<p>Explain the three which is which </p>
<p> </p>
<p>Jazakallah khair</p>]]></content:encoded>
						                            <category domain="https://cms.halalinvestmentor.com/forum/"></category>                        <dc:creator>Mohammed Abdul Rafay</dc:creator>
                        <guid isPermaLink="true">https://cms.halalinvestmentor.com/forum/main-forum/the-three-ratios/#post-96</guid>
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                        <title>Ratios in your screener</title>
                        <link>https://cms.halalinvestmentor.com/forum/main-forum/ratios-in-your-screener/#post-95</link>
                        <pubDate>Mon, 22 Jan 2024 16:03:11 +0000</pubDate>
                        <description><![CDATA[You have not explained the three ratios in your screener.
Can you please explain what is ratio 1, ratio 2, ratio 3 .
Jazakallah khair]]></description>
                        <content:encoded><![CDATA[<p>You have not explained the three ratios in your screener.</p>
<p>Can you please explain what is ratio 1, ratio 2, ratio 3 .</p>
<p>Jazakallah khair </p>
<p> </p>]]></content:encoded>
						                            <category domain="https://cms.halalinvestmentor.com/forum/"></category>                        <dc:creator>Mohammed Abdul Rafay</dc:creator>
                        <guid isPermaLink="true">https://cms.halalinvestmentor.com/forum/main-forum/ratios-in-your-screener/#post-95</guid>
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                        <title>RE: Investment in NHIT</title>
                        <link>https://cms.halalinvestmentor.com/forum/upcoming-ipos/investment-in-nhit/#post-94</link>
                        <pubDate>Wed, 19 Oct 2022 17:48:53 +0000</pubDate>
                        <description><![CDATA[Walaikum salam, NHIT issued debentures are not compliant from sharia perspective. As debentures offer fixed interest which is not considered sharia compliant.
Hope it clarifies.]]></description>
                        <content:encoded><![CDATA[<p>Walaikum salam, NHIT issued debentures are not compliant from sharia perspective. As debentures offer fixed interest which is not considered sharia compliant.</p>
<p>Hope it clarifies.</p>]]></content:encoded>
						                            <category domain="https://cms.halalinvestmentor.com/forum/"></category>                        <dc:creator>Halal Investmentor</dc:creator>
                        <guid isPermaLink="true">https://cms.halalinvestmentor.com/forum/upcoming-ipos/investment-in-nhit/#post-94</guid>
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                        <title>Investment in NHIT</title>
                        <link>https://cms.halalinvestmentor.com/forum/upcoming-ipos/investment-in-nhit/#post-93</link>
                        <pubDate>Mon, 17 Oct 2022 17:44:00 +0000</pubDate>
                        <description><![CDATA[Assalamo Alaikum, is investment in &quot;National Highways Infra Trust (NHID)&quot; permissible?]]></description>
                        <content:encoded><![CDATA[<p>Assalamo Alaikum, is investment in "<strong>National Highways Infra Trust (NHID)" </strong>permissible?</p>]]></content:encoded>
						                            <category domain="https://cms.halalinvestmentor.com/forum/"></category>                        <dc:creator>Rafat Farooqui</dc:creator>
                        <guid isPermaLink="true">https://cms.halalinvestmentor.com/forum/upcoming-ipos/investment-in-nhit/#post-93</guid>
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                        <title>Is Mphasis shariah compliant stock?</title>
                        <link>https://cms.halalinvestmentor.com/forum/mutual-funds/is-mphasis-shariah-compliant-stock/#post-92</link>
                        <pubDate>Tue, 27 Sep 2022 11:49:40 +0000</pubDate>
                        <description><![CDATA[To: Halal Investmentor
When i went through the annual report of Mphasis there is showing 53.30% of revenue coming from banking and financial services and 10.69% of revenue comes from insura...]]></description>
                        <content:encoded><![CDATA[<p>To: Halal Investmentor</p>
<p>When i went through the annual report of Mphasis there is showing 53.30% of revenue coming from banking and financial services and 10.69% of revenue comes from insurance services.</p>
<p>In your screener Mphasis stock is showing shariah compliant. Kindly Clarify.</p>]]></content:encoded>
						                            <category domain="https://cms.halalinvestmentor.com/forum/"></category>                        <dc:creator>Salil Ahmad Bhatkar</dc:creator>
                        <guid isPermaLink="true">https://cms.halalinvestmentor.com/forum/mutual-funds/is-mphasis-shariah-compliant-stock/#post-92</guid>
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