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Is using investment apps Haram?

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  • Is using investment apps Haram?

    I want to invest in Halal stocks and set up a ISA account but I'm worried if the apps are Haram, does anyone know if there is any Halal investment apps available to use? Or does it matter or not if I use conventional ones?
    Thank you

  • #2
    The attitude to stock speculation in Islam is ambiguous because it can be perceived as gambling. That is why I recommend my Muslim clients avoid gambling on their own and invest passively through specialized funds https://www.humaninvesting.com/financial-planning, which many trusts. I also recommend that you include several Islamic funds with different investment strategies and compositions in your portfolio for better diversification.

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    • #3
      Originally posted by torcha1 View Post
      I want to invest in Halal stocks and set up a ISA account but I'm worried if the apps are Haram, does anyone know if there is any Halal investment apps available to use? Or does it matter or not if I use conventional ones?
      Thank you
      It depends on the issuing bank, the type of ISA and, of course, which stocks are invested in [if they are truly Halaal or not].

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