This makes investments that have widely known value like gold and real estate to be great choices for Islamic investments in South Africa. Gold, throughout history, has been the most conventional asset you can invest in, and you may find it a reliable vehicle for your money.
Which is the best Shariah-compliant fund?
These are as follows:
- Tata Ethical Fund. This fund is best suitable for investors who want to invest in a diversified equity fund without getting exposure to finance and banking
- Taurus Ethical Fund
- Nippon India ETF Shariah Bees.
What is the most trusted investment company in South Africa?
The 2022 Alexforbes Manager Watch Annual Survey revealed that Ninety One, Stanlib, and Sanlam Investment Management (SIM) are the largest asset managers in South Africa.
What is the best investment for Muslims?
Precious metals. Investing in metals such as gold and silver is also halal. These are also considered safe investments for Muslims, as speculation is not involved and they have a fixed value. However, different schools of thought should be considered.
What is the best investment to invest in South Africa?
Government Bonds: These bonds are issued by the South African government to raise capital for various projects and initiatives. They are considered a safe investment option as they are backed by the government’s creditworthiness.