Ask Ibn Halal: We’ve received this question.

salam u seem to know alot i think about business etc

what in this credit crunch can we venture in to earn halal money?

regards,

Faisal

wa alaikum assalam bro Faisal,

It all depends on what assets you have. Assets can be money, telnet, contacts, …

In general, we need to go back to basics, i.e. real stuff: gold, farming, and economies that produce real substances and sustained by population who have savings not credit cards. According to some surveys, Bangladesh is one of the emerging markets that is not affected by the current financial crisis.

What about if someone who doesn’t have money and have skills, say eCommerce? You use your skills and build a service or product for a market that can sustain your business.

Here are some videos for your reference. Notice that the point of view of these videos are obviously biased, so do your own research as well and consult a professional before making a decision, and always pray Istikhara.

Jim Rogers about getting into farming and water treatment in Asia

Peter Schiff on gold and China

Back to basics and fundamentals (commodity and farming)

and Allah knows best