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Freshly Grounded

Episode 081: Zaahid

Freshly Grounded

Faisal & Sam

Muslimpodcast, Freshlygrounded, Islam, Religion & Spirituality

4.9941 Ratings

🗓️ 7 December 2018

⏱️ 93 minutes

🧾️ Download transcript

Summary

Transcript

Click on a timestamp to play from that location

0:00.0

Asa la moor ala come guys welcome to episode 81 I believe or freshly grounded

0:07.7

This episode is bought you by where he'd invest as the last few episodes have been.

0:14.0

Wurhead have jumped on and partner with us and sponsored a few of the episodes and it's really cool that they have done so you know I could

0:25.8

talk about them all day but the team there has been amazing who are Wahad

0:30.1

Invest or Wahad Invest is basically a service online and what they do is they allow you to invest

0:36.6

your money so you upload your money onto Wahad and then they invest your money to Halal

0:41.3

companies and so what do I money to Halal companies.

0:42.8

And so what do I mean by Halal companies?

0:44.6

Basically, what that means is that they invest

0:48.3

your money into companies that are Halal

0:51.2

to kind of certified by their board. So they have a Sharia board and they have a compliance board, right?

0:55.0

And so what their boards do is they check if the company deals with gambling, alcohol, adult film, or anything like that, and they don't invest any of your money to those

1:05.2

kind of companies.

1:06.4

And they also have a compliance screening where they check if the company that your money is going

1:11.7

into makes their decisions in an Islamic way and their contracts are Islamic etc.

1:15.7

So they really check all of that and then they invest your money into those areas.

1:19.7

It's really cool because if you have savings, sometimes if you have savings and they're sitting in your bank account,

1:24.9

you can spend it easily.

1:27.0

Whereas with Wahad, you can put your money into Wahad.

1:30.0

Not only can you save your money there, it's a bit harder to access which is great and on

1:34.6

top of all of that you can always just put it put it back out so let's say for

1:39.2

example you're saving for a new car or whatever put your mind to Wuhahid and you can put it out whenever you want.

...

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