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>>

#7

My Halal Funds trading algorithm has calculated these positions for today:
22.78% in HSBC Islamic Global Equities
20.00% in HSBC US Equities (HIUS)
09.98% in HSBC Europe Equities (HIPS)
11.80% in HSBC Japan Islamic Equities (HIJS)
35.44% in Gold (SGLP)

So the model has gone back into equities, but kept a decent gold position which is interesting.

So the model has gone back into equities, but kept a decent gold position which is interesting.

#8

Jan-24 Positions

15.24% HSBC Islamic Global Equities
20.00% HSBC USA Equities (HIUS)
11.08% HSBC Real Estate (HINS)
33.68% Gold (SGLP)
20.00% Commodities (BHP)

The interesting moves here for me are

  1. Staying in Gold, which is hitting all-time highs
  2. Buying Real Estate
#9

Feb-24 Positions

32.12% HSBC Islamic Global Equities

35.00% HSBC US Equities ($HIUS)

13.10% HSBC Japan Equities ($HIJS)

19.79% Gold ($SGLP)

Interesting how allocation has shifted into US equities.

#10

Positions for March are as follows

30.59% HSBC Islamic Global Equities
35.00% HSBC Islamic US Equities (HIUS)
34.41% HSBC Islamic Japan Equities (HIJS)

US Equities on a march, but Japan also looking interesting.

#11

Positions for this month are as follows:

32.77% HSBC Islamic Global Equities
35.00% HSBC Islamic US Equities (HIUS)
32.23% HSBC Islamic Japan Equities (HIJS)

Only a minor change from last month - most markets have been buoyant.