AOA to all, I am Bewa have two kids, I was bearing the cost of living through teaching but now more job has been abolished. I have hardly earned money of 20 Lac, I need suggestion, where i should deposit to get maximum profit on monthly basis, either in a bank or get some certificate etc. JAZAKAALAH
Ahmed replied on Friday, September 26, 2014 01:10 PM
Dear sister u should spend this money very carefully |
Adif replied on Friday, September 26, 2014 07:37 PM
You can buy two acre land near Nankana. And start tunnel vegetables. This will give you 100% return |
Akeel replied on Saturday, September 27, 2014 04:15 AM
Well sis,you could invest it in property, because it would be a great savings for your kids. But that could only happen if you could find some kinds of job.
Otherwise you can open savings account with some reputed banks like UBL,HBL,MCB. I am just saying it because your kids are orphans otherwise interest or profit on savings account is haram, when your kids will be independent then you can stop taking interest or profit. Hbl interest rate is higher than others and they could give you more than any others. e.g 12 to 14 thousands in month. Hbl rate is 8.50% and Ubl rate 8.05 % .I would again warn you never trap in hands of false banks for higher profit. I would recommend you to invest in property because your money value in banks will decrease over the years. Thanks |
Zahid replied on Saturday, September 27, 2014 04:59 AM
I would recommend to buy Phase 9 file. I when our sister pray balloting will happen. But as Akeel said u ve to make sure living cost first |
Naveed Yaseen replied on Saturday, September 27, 2014 05:06 AM
Interest rate from banks would hardly beat the rupee depreciation rate of approximately 10% per year, so that is likely a net negative return in real terms.
You can consider buying a ready for rent property at some place where the scene is changing but the prices aren't too saturated. That way you may preserve (or even possibly gain) the real value in long term while getting some fixed income too.
The rent would apparently look significantly lower than the return from bank, but at least it would be real because most of your investment in land would keep up with inflation.
For rental purpose, commercial properties may be better than the residential because of lower proportion of depreciable and vulnerable investment in the building; and relatively lower probability of tenants committing defaults, damages or demands, as they earn their livelihood from that place. |
Naveed Yaseen replied on Saturday, September 27, 2014 07:00 AM
At the risk of sounding like an idiot, I suggest another possible avenue for "investing" at least some part of your savings.
"Invest" in enhancing energy efficiency of your house, vehicle and appliances. That would likely give you a safer and better return than you would get anywhere in the investment market.
Such "investment" would not give any income, but it would reduce expenses. A rupee saved is a rupee earned. |
ABC replied on Sunday, September 28, 2014 06:18 PM
Naveed - humbling to know that this platform caters to such mature thoughts! Wonderful suggestions. |
GhunaimAhmed replied on Monday, September 29, 2014 02:57 AM
Sister,
All Everybody has given you the Good reponse, But you should consider your Childern age, by the way how old they are now accordingly you should measureable steps towards
your plans. And kindly do not believe anybody for anything, So many people will try to trap you for very good returns on the worth you have. But Good suggestion is that buy a piece
of Land in DHA Phase 9, and within 2 or 3 Years you will get good return on it, And sametime its safe & secure investment too. Are living with Parents or alone if living with parents
atleast you are safe but still don’t believe anybody for you money and try not to tell everytime about ur money to anybody peoples intentions are very UGLY now a days be safe.
If you are enough EDUCATED then I would say to go DUBAI and find a job there this is also best OPTION for you and ur kids as wel, So you can save ur money you have and live
your life peacefully there.
Wel Wisher
Ghunaim Ahmed
Kuwait |
Baba G replied on Monday, September 29, 2014 02:58 AM
Dear Sis, try to find another teaching job, 2nd buy a small file in dha lahore for future. or if you want immediate returns from 20 lacs put them in meezan bank for islamic profit.as you cannot handle getting rent from renting out any property to anybody.May ALLAH help you and your kids also us and our kids. |
Bro replied on Monday, September 29, 2014 10:10 AM
AOA,
Simply buy a shop Worth 20 lacs, and put it on rent.
Salam,
Brother |
shawn replied on Monday, September 29, 2014 12:16 PM
try to avoid rental property because very hard to get rent, as per scholar ghamidi government savings are halal with good returns |
chaudry replied on Monday, September 29, 2014 02:00 PM
where can u get a shop in 20 lacs |
chaudry replied on Monday, September 29, 2014 02:00 PM
where can u get a shop in 20 lacs |
MAS replied on Friday, October 10, 2014 01:34 PM
Let me add my 2 cents also for whatever it is worth.
1. Property investment is for those who have holding power for at least 5-7 years. There is no guarantee of meaningful price increase if investment is made for a smaller time frame.
2. Even if there were no religious issues with interest from banks or National Savings the value of your principal amount will continue to decrease over time.
3. I would suggest to invest 19 lacs out of 20 in a low risk plot as per recommendations from LRE experts and then forget about it for a along time.
4. Use the remaining 1 lac to invest in a home business of some kind depending on your interest and abilities. One idea that comes to mind is making frozen Samosas and Rolls etc and supplying them to grocery stores. You can get some formal training from a cooking school if you don't already have the skills. Later you can increase the level of your business to making quality baking products for high end bakeries. Always invest in proper tools for whatever you want to do (in this case quality kitchen appliances, oven with safety features etc). If you follow the policy of never compromising on quality (which includes cleanliness and safety) your business will very likely never fail. Make quality your best friend. Regards. |
Hope to help replied on Saturday, October 18, 2014 09:18 PM
I am sure if you choose DHA rahbar phase II extension file 5 Marla for 16lac it would give u vert good return in 1 year surely.
Rest 4 lac u can choose to invest somewhere else. |
