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How to Invest the Halal Way Without Going Broke

How to Invest the Halal Way Without Going Broke

Update: 2025-08-08
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Description

If you've ever wondered how to build wealth as a Muslim without compromising your values, this episode is your perfect starting point.


In this insightful conversation, Reni sits down with Shakira, a halal investing advocate, who breaks down the fundamentals of faith-conscious investing. From screening stocks and ETFs to navigating crypto, mortgages, and real estate, she explains what’s halal, what’s not, and how to confidently take control of your financial future. She also outlines the exact steps a new Muslim investor should take from opening a brokerage account and funding a TFSA, to choosing halal ETFs, purifying dividends, and monitoring compliance quarterly.


What You’ll Learn in This Episode: 

  • What halal investing really means and how it works

  • Tools and platforms to screen halal investments 

  • How to start building your investment portfolio the halal way

  • What “halal” and “haram” mean in the context of money and investing 

  • The best apps to check if an investment is halal

  • How to transition out of non-halal investments (without panic or guilt)

Whether you're just starting out or seeking a values-aligned way to grow your money, this episode is packed with clarity, practical steps, and thoughtful insights.


Resources Mentioned

Manzel: https://manzil.ca/

Wahed: https://www.wahed.com/global

Ijara CDC: https://ijaracdc.com/

Zoya: https://zoya.finance/

Islamicly: https://www.islamicly.com/

Musaffa: https://musaffa.com/


Connect With Shakira: 

Instagram: https://www.instagram.com/halaldividends/


Join Don't Go Broke Collective: ⁠https://www.skool.com/dont-go-broke-collective/about


Connect With Us!

Follow the podcast on Instagram: ⁠⁠⁠https://instagram.com/dontgobroketrying 

Follow Reni on Instagram: ⁠⁠⁠https://www.instagram.com/xoreni 

Visit our website: ⁠⁠⁠⁠renitheresource.com/category/podcast⁠⁠⁠⁠

Follow on Twitter: ⁠⁠⁠⁠twitter.com/dgbtpod⁠⁠⁠⁠

Subscribe to Reni's YouTube: https://youtube.com/xoreni



DISCLAIMER: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.


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How to Invest the Halal Way Without Going Broke

How to Invest the Halal Way Without Going Broke

Reni, The Resource