In the course of 3 and a half years, I manage to save up 50,000 dollars. After saving this much, I decided to invest in stocks, to earn quick money. However, my quest to invest begins with these questions; where to invest? What to consider while investing? Should I invest in property or should I invest in stock? All these questions and many more come to my mind.

We all struggle at some point in life and consider investing rather than starting our own business, mainly due to a lack of business management skills. Therefore, you should follow these three steps to produce an effective idea for investing money wisely. First, conduct market research. Second, identify the potential business, critically evaluate the identified business on the bases of their business aim, credibility along with their business conduction ethics. Third, before you decide to invest, consult an expert. This final step will assist you more than you can think. The added advantage of consulting an expert is they have knowledge that you don’t have access to alongside they are experts in their field. Hence, their advice will be based on market value and the current market trends.

Apart from stockbrokers, many banks offer their members opportunities to invest their money. For such purposes, they have introduced various accounts ranging from current to saving and saving to fixed accounts. At the same time, apart from conventional banking, Islamic banks have also introduced shariah complying system. The fundamental principle of these Islamic banks is that they do not take an interest, rather they make profits based on the equity amount also referred to as profit made by a business.

Another fundamental feature of Islamic banking is, it is for everyone, even the non-Muslim can request these loans. But, the significant thing to recognize before requesting for Shariah equity fund is its Screening. As the Islamic bank relies on profit therefore, they invest carefully and often after thorough investigation. If the business proves to possess potential, then it can be considered for business investment.

Moreover, shariah equity has two categories on which they additionally evaluate the business. The first is the business's core principle, and the other one is the financial transactions of a business. For a business to be considered for equity funds, it is necessary businesses follow certain criteria and do not operate or trade prohibited items such as gambling, liquor, an insurance company, pork, pornography, etc. as these are un-permissible by Islamic laws. This Islamic banking system can help you to achieve your maximum goals with complete ease.

Conclusion:

There are two ways to generate money, either by working for someone or by investing your money. Remember, investing money is an extremely sensitive issue therefore, you should always consider their option wisely before investing either in stock, mutual funds, bonds, and real estate. All these options have their pros and cons. In the end, it depends on how much you are willing to risk.