Eid al-Fitr is just around the corner and Muslims everywhere are on the hunt for gifts for their loved ones. This Eid let’s park the usual cash, clothes or beard oil related gifts.
Instead go for something that could help your loved one level up financially. In this article we will cover 3 finance-savvy gift ideas for Eid to help you do just that.
The Financial Times is one of the world’s leading global business publications. They cover all of the latest business and economics news. What is really excellent however is their stocks coverage. They summarise all of the key financial metrics and related news for each stock in a user-friendly way.
You can also sometimes see stock buy/sell/hold recommendations from their sister publication, the Investors Chronicle. That is usually a separate paid service, but occasionally you can access a free report which can give you a useful take on a business. Another handy feature is the ability to set custom screens to help you find new investment ideas.
In our view this is a great resource for dedicated shares investors and one we recommend in our halal investing for busy professionals course.
IFG Fund Replicator
Staying on the topic of shares investing, another neat gift idea is our IFG Fund Replicator. This is a product that allows Muslims to replicate the portfolios of top fund managers. We’ve taken the top 5 AIM funds and their holdings, filtered out all the haram companies and – voila – you’re left with a clean list of 200+ shares you can choose from, including our own top 10 picks as well.
You will need to set up a stockbroker account to use this product. You can compare them here.
We believe this could be a cool gift for any budding investors looking to make their money work for them. This is a great way to get exposure to some of the highest potential investment themes. We’ve started with UK small cap companies, with more options in areas such as clean energy soon to come. Check it out here.
Job markets everywhere have been wrecked by the pandemic this past year. Digital was one of the few areas that not only held up well but even thrived. This trend will only continue to accelerate. So what better gift to give someone than giving them the tools to future proof their skills. Knowing how to code can open the door to many a lucrative side hustle or even facilitate a career change.
DataCamp is an online learning platform that helps people to build data skills online. They deliver learning through interactive exercises and giving you opportunities to practice and apply your skills. They have career tracks ranging from programmer to data scientist, which was named by the Harvard Business Review as the hottest job of the 21st century. In short, this would be a great gift for someone looking to excel in the job market of the future.
So there we have it. We hope these Eidi suggestions will be of benefit to you and your loved ones. Do let us know in the comments if you have any other finance themed Eidi suggestions!