UmarA's Islamic Funds Trading Algorithm

📈 Investing & Markets Community Portfolios
#1

Salam,

HSBC have launched a variety of UK-listed Islamic/Halal funds very recently, so starting this one with a new thread.

My Halal Funds trading algorithm has calculated these positions for today:
12.16% in HSBC Islamic Global Equities
13.00% in HSBC Japan Islamic Equities (HIJS)
44.84% in Gold (SGLP)
10.00% in BHP Group
20.00% in Cash

The most interesting position to me is Gold. Let’s see.

THIS IS NOT FINANCIAL ADVICE

1 Like
#2

وعليكم السلام

I’ve searched for these funds via IBKR and Trading 212 but couldn’t find em, where did you find them please ?

#3

I am based in the UK. These are all UK listed, not sure about other countries.

#4

Wa alaykum assalaam warahmatullahi wabarakatuh.

JazakAllahu Khayra

How is one to make use of this? And at what frequency would one trade according to this algorithm (e.g., monthly)

#5

Thanks for clarifying , I believe Trading212 is uk-based so I’m not sure why they are not listed there; I’ll deep dive into this issue.

JazakAllahu khayra

#6

The only broker that has them all is AJBell, that I’m aware of.

IBKR wont list HSBC Islamic Global Equities - I have asked them.
I’ve also asked IBKR to list all the other HSBC ones - am awaiting a response.

I don’t use Trading 212 so don’t know.

Full list of UK Islamic/halal funds here>>