How Income Funds Can Make You A Passive Millionaire
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- Опубликовано: 28 май 2024
- Find out more about the Cur8 Income Fund - cur8.capital
Every seasoned investor out there has a solid part of their portfolio dedicated to income funds, but the average investor doesn't even know what they are. That changes today with this video.
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About us
We're Ibrahim & Mohsin - ex-city lawyers and authors of "Halal Investing for Beginners". We've been studying investments and the traditional Islamic sciences for 13+ years. Over the year we've been published by the Financial Times, the World Economic Forum, Foreign Policy etc.
Today we run a sharia-compliant wealth management platform that manages over $35m in assets. We make videos about investment, personal finance, careers, and entrepreneurship.
We do this to make downtrodden communities better-off. To take people of colour, Muslims, and minorities from being among the poorest in society to the richest.
For more about the team visit: www.islamicfinanceguru.com/ab...
To find out what we invest in, and invest alongside us visit: cur8.capital/
Remember, with investing, your capital is at risk. This is not financial advice. If in doubt, always talk to a financial advisor.
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TIMESTAMPS
00:00 - What's coming
00:50 - The power of compounding
02:37 - The options available to you
07:43 - Income funds vs Savings accounts
09:59 - Tax and other expenses
12:30 - Final thoughts
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Get in Touch:
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Salaam as always brilliant video mashallah ❤
Glad you liked it
@IFGuru for sure alhumdulilah I'm still following your advice from 5 years ago... before IFG, your advice was to invest long run on wahed (portfolio aggressive) and alhumdulilah I have been doing that since and I've currently had a 50% return! Plan is to keep doing this for the long term for either a nice early retirement... or if Allah takes me before that then there's something for family inshallah. Alhumdulilah all thanks to your advice!!! 😊
@spikeyt786 I got jack all from wahed and after 9 months I pulled out. Luckily got back what I put in. But after 9 months if theres no movement surely its not gonna go anywhere?
How can I add the CENOMI SUKUK fund to my investments- which broker in the UK can I use
What are the risks on investing in the cur8 investment fund?
How smooth would the process be for U.S residents as compared to U.K residents for Cur8 Capital?
What if you don't qualify for Cur8 investor profile?
Even the title is overwhelming
What passive income funds are shariah complaint and what is their average return?
How much zakat will I pay if I invested in the cur8 investment fund? Would it be 2.5% on the full amlunt or only a portion of it?
Of course more detail would be needed but typically in an income fund / portfolio (excl. Pension) you would pay Zakat of 2.5% annually on your original investment and your gains position at that point in time. The reason for zakah on the gains is because it's fairly liquid financial wealth. If there are losses this offsets investment Zakah is due upon.
Asalamu Aleykum, I really apprciate your views, I am right now a real estate investor or I don't know if to say rental properprty iinvestor with 7.05% annual profit without reinvesting the profit. So , how can i reinvest the profit if it is small to buy a property and then build a house over it?
Lost me when you said start off with £100k 😂
Equally applies to smaller amounts of
Aslm Alkm. I am glad with the presentation. I invested in Sukuk offered by the Government of Nigeria. I want to reinvest the rental payments for the next 10 years in sha Allah. I am interested in investing in cure8 but what are the procedures for non-resident of the UK.
Additional information, In sha Allah, I will be retiring early next year. looking forward to hear from you. Thanks. Jazakumullahu Khairan
Sign up for free on the app and drop our team a message and they’ll guide you through the process
You should’ve been clear about how compounding over time is not the same as compound *interest*
You ended up praising interest and making the video’s intent not clear for a lot of people.
Essentially he’s saying that there is a halal way to compound growth your money by getting around 7% increase annually + reinvesting x% to make sure that it grows much faster.
Allah bless you
Slightly confused, is the cur8 fund compound growth???
Assalamualaikum sir
Please answer
Bank nifty is halal or haram
Is it not haram to have savings accounts? Is it not interest that is added to them?
7 is nuts
Hi Ibrahim thanks for insightful videos. Could you discuss perhaps which shariah compliant stocks are good with Hargreaves’s and landsown ? They have a few but how do you know which company to pick?
I'm sure he made a screener video a while back if you're interested in stock picking
Assalamu alaikum. Sadly Incorrect and misleading at 2.34... at a rough guess total capital investment amounts to over 165k over 5y... 🤔 So not a doubling
Salaam. I noticed a number of the Islamic ETFs have companies that are on the boycott list. Would it be impermissible to invest in such ETFs? So for example Johnson & Johnson is a holding (albeit only 2-3%) in most 'Islamic' ETFs.
@@bigsuperlivinginarizona7383
I am impressed by the way expert Eunice Berthold conducts business and makes statements. And I really like her quick answer
I've been working with Eunice for about a year now. She is completely professional and delivered solutions that far exceeded my expectations.
She is regarded as a genius in her area and works for Empower Financial Services.She is well knowledgeable about financial markets.
Two other of my colleagues and I tried it immediately, we testified. MRS Eunice Berthold is doing wonders.
How can I participate in this? Like how do I contact this adviser please?
Salam, isn’t your cur8 capital only relevant for high net worth individuals?
Sadly, it is more difficult to get onto the platform since the latest rule changes. Maybe if you contact them directly, they could find a way to get you onboard.
At 11 minutes the net returns from property didn't take into account capital growth.
what about investing in an occupational pension?
Everyone should be saving their money in silver should be buying 50 ounces of silver or at least a minimum of 25 ounces a year silver bullion
52 of the 86 Local Government Pension Scheme funds across England & Wales are invested in firms supplying weapons or systems to Israel with Bradford Council's West Yorkshire Pension Fund investing the most with more than £121m of staff wages invested into these companies
i am from india, tell me something appealing (considering the fact that i am student).
Isn’t interest haram?
First time I'm hearing about IF ISAs. Do they have the same £20k investment per tax year limit as the conventional ISAs?
Also are the profits from this ISA tax-free like the other ISAs?
It’s just like any other ISA. All of them collectively have a limit of £20k a year
Isn't interest haram??
Compound interest?
No, compounding your profits/returns
I would recommend reading the book, "The Evil of Craving for Wealth and Status" by ibn Rajab. Puts videos like this into perspective.
True, but desiring wealth to do good with it is perfectly permissible and even encouraged in hadith.
Why don’t you answer questions in the comments ? My question is isn’t interest haram? Do you have any video in your channel that answers this question?
He's not talking about interest Ofcourse it's haram
Is there any option available for non us,uk residents?
Our Income Fund is open to international investors
7.5% /annum is peanuts
For a low risk investment it's amazing.
What alternative? All ears.
Thats why compounding is so crucial!
@@IFGuru is the money protected?
Are these Halal?
Shares, property certainly isn't
@@abdullahk8691 Why property isn't?
All of our investments are sharia compliant and we don't encourage people to invest in anything haram on our channels
isn't this haram?
no its not
My brother, don’t be quick in saying something is halal or haram. This is Allahs religion so you don’t want to play about. It’s better to say “scholars have said it’s x or y”, u don’t want to place that type of burden on urself lol
جزاك الله خيرا
It seems the uploader doesn’t answer our questions
Hes talking about 7% increase in stock or shares or property rental. This is not interest or Riba.
@@Majsali interest is not the only thing haram in transactions. You can have a 7% increase in rental property and that 7% could be haram depending on what aspect the investment was used for
Is this channel for this the rich people to learn where to invest money in. Dont see how applies to average guy.
The example used was a big number, but it equally applies to smaller numbers invested.
If you manage to get a cur8 Capital account ( the hard part if you're not earning a lot) , you only need £450 a month to access the income fund.
I've been looking for places to park some money for the future. Nothing seems to be able to beat bitcoin of all things. Seems like the most halal option aswell.
I saw this video after seeing your memorizing Qur'an video. Why would anyone spend so much time memorizing the Qur'an if they were just going to wage war with Allah afterwards by playing the fake money game? I guess you should have spent a little more time trying to actually understand what you were memorizing. It's kind of funny, actually. So, you're reciting about your own doom for hours and hours on a daily basis. This proves what I always suspected, the hifz thing is a complete joke if one does not take the time to study Classical Arabic as well.
Forgive me but you might be assuming he is referring to interest but he is not. If you watch his other videos and some comments, he is clear that interest is haram.
This is not dealing in riba - we only deal with sharia compliant deals.
There is NO such thing as ISLAMIC ETF