The hole in this argument is that it assumes every naira not invested is wasted.
The person who spent ₦500,000 on Detty December may have strengthened friendships, built business connections, met a future spouse, created lifelong memories, or simply enjoyed the fruits of years of hard work.
Money is a tool. Investing is one use of it. Living is another.
The ideal outcome isn't choosing between memories and dividends. It's building enough wealth that you can afford both.
A portfolio can't attend your wedding, celebrate your birthday, or make memories with your loved ones. Life is not a spreadsheet.
Different goals. Different priorities. Different seasons of life.
Khalid ibn al-Walid never lost a battle.
He was the first man to defeat the Prophet(PBUH) in war.
He fought against the Muslims and defeated them.
He fought for the Muslims and conquered their foes for them.
The Prophet (PBUH) nicknamed him Saifullah - "Sword of God."
His faith in Allah was as steadfast as his sword.
This particular stock, i buy it almost every week irrespective of the price.
If i can buy it at N900, why am I afraid of buying it at N760?
If I had N500m to invest, everything is going here
Halal Investing requires discipline and can sometimes be hard when it looks like you’re missing out on good deals.
I spotted this stock in April at N3.12 got tempted, placed the order and cancelled it immediately. Today it is N6.
Do i feel a loss, absolutely not!
Allah says in Suratul Baqarah vs 275
“…But Allah has permitted trading and forbidden Riba”.
Insurance stocks are generally not Halal due to their Modus Operandi. However, there are many Halal insurance companies like Jaiz Takaful, Hilal Takaful, Nur Takaful that have been bridging the gaps for Muslims.