Hey Jeremy. Thanks for letting me know about the page.
So similar situation where there are certain principles when it comes to investing that are sharia compliant (no interest companies like banks and other areas as well).
So I’m based in the UK and have access through a brokerage for the ISWD and ISUS that you mentioned.
There is another fund I’m investing in (available in the UK) which is:
HSBC Islamic funds: global shariah index fund (variety of classes but I may move to the AC class). Now this fund tracks the Dow Jones Islamic Titans Index and has around 100 odd stocks in there. It’s a bit heavy on tech (Microsoft, Google etc), but over the last 10 or so years as done really well.
My question is - I want to follow some of the tips you give on DCA into the funds. So thinking around £100-£500 per month (if I can) over minimum 15 years.
Do you think the HSBC one would be a good index fund to put it into? (Considering principles) as it has 100 odd large caps in there as I was thinking along this type of allocation:
HSBC Islamic index fund: 50%
ISDE (Ishares emerging market Islamic etf): 10%.
Thinking of DCA with the above with the aim to get 10% annualised over 20 odd years.
Let me know what you think brother as be good to get your advice so I can dca and not tinker too much. Thank you for reading :).
Peace be with you.