Skip to main content

5 Industries to invest in


Image courtesy of Salvatore Vuono at FreeDigitalPhotos.net

Hello readers, today, I decided to give you a list of industries you can invest in. These industries are profitable as such you can start a business or buy the shares (halal) of companies that exist in the industry.

1. Healthcare Industy

This is one of the largest and growing industries in the world and it takes at least 10% of the GDP  (Gross Domestic Products) of most developed nations. The industry had a net profit margin of over 18% in USA (2015).

2.  Finance Industry

This industry is also a very good one for investment. Everyone deals with money. The industry had a net profit margin of over 16% in USA (2015). However, your products should be halal

3. Transportation Industry

Individuals always move about, thus it is a good industry to invest in. The industry had a net profit margin of over 8% in USA (2015).

4. Communication Industry

This industry is also a good one, individuals always communicate either from one city to another or from one continent to another. Thus the business is a lucrative one. The industry had a net profit margin of over 6% in USA (2015).

5.  Retail Industry
This is another industry that is profitable and growing. The industry had a net profit margin of over 3% in USA (2015).

Make sure your business or investment is halal. Everything should be done deliberately for the sake of Allah. Part of doing something deliberately for the sake of Allah is hoping for a reward. Everything happens according to the will of Allah (you have freewill which makes you responsible for your actions).

Halal means anything that is lawful Islamically.

Keep checking my blog regularly, Cheers!

Comments

Popular posts from this blog

How to treat insects and earthworms according to Islam

Hello readers, I will be writing about the ways insects should be treated, from a bee to a spider to a fly to an earthworm. You should not kill an insect or an earthworm outside your house. You should only kill insects that could be harmful to your health under duress. It is better not to and find another alternative. If the insects provides no present harm to you, it should not be harmed. It is sinful to kill a spider, a bee or an earthworm Insects worship Allah and are controlled by Him. These insects have roles they play. For example the bee promotes working as a team " And your Lord inspired the bee: “Set up hives in the mountains, and in the trees, and in what they construct.. Then eat of all the fruits, and go along the pathways of your Lord, with precision. From their bellies emerges a fluid of diverse colors, containing healing for the people. Surely in this is a sign for people who reflect." Quran 16:68-69. "The likeness of those who take to thems...

All about product champions

Hello readers, today I will be writing about product champions. This has do with incorporating the creativity of individuals into your business processes. Basically, staff members are given opportunities to come up with an idea(s) as an individual, then convince other staff members to buy the idea. After other staff members have been convinced about the idea, the company will then appoint a product manager with some capital as well as a team to help the staff member that came up with the idea execute the tasks. This staff member must be meeting a particular need of customers, that should be a criteria of the idea because it is one of the goals of a product champion. Minutes of team meetings on the product must be kept has this will help them to achieve the product development goals. However, the product champion (the individual that came with the idea) is responsible for the success of the product. Thus, he or she must understand the target market and their needs. The product ch...

How can your strategy be successful

Hello readers, today I will be telling you about ways to make your strategy a successful one. The scope is your strategy must be fit, in other words your strategy must be consistent with the environment your business operates in. When I say environment, I am talking about both external and internal environments. Thus, you must understand the political, economic, socio-cultural, technological and legal environments your business operates in. The environmental protection that affects your organisation must also influence you when formulating your strategy. Therefore, PESTEL analysis can be used to understand the external environment of your business. The internal environment also needs to be understood, as your strategy must also be in alignment with the internal environment. Understanding your internal environment will help you know the resources your business has, the capabilities of your business as well as the structure and system. The SWOT analysis can be used to help y...