Conversationofmoney.com Review

Based on checking the website, Conversationofmoney.com focuses on providing financial education, tools, and coaching. However, a deeper dive reveals that the website promotes concepts and tools that are rooted in conventional finance, which, from an ethical standpoint, includes elements like Stocks & Shares ISAs and investing platforms Vanguard and InvestEngine. These frequently involve interest-based mechanisms and other practices that conflict with Islamic financial principles, particularly regarding the prohibition of riba interest and gharar excessive uncertainty or speculation. While the intent might be to empower individuals financially, the methods promoted on the site may not align with a purely ethical framework as understood in Islamic finance.

Overall Review Summary:

• Website Focus: Personal finance education, coaching, and tools.
• Key Offerings: Books, budgeting sheets, financial planning templates, Stocks & Shares ISA guide, and investing starter bundles featuring Vanguard and InvestEngine.
• Ethical Alignment Islamic Finance: Questionable, due to the promotion of conventional investing vehicles that typically involve interest riba and speculative elements gharar.
• Transparency: Decent, with clear links to privacy policy and disclosure.
• Expert Credibility: High, featuring Peter Komolafe, a best-selling author and media personality with a strong background in conventional finance.
• User Experience: Website is clean and easy to navigate.
• Recommendation: Caution advised for those seeking purely ethical, interest-free financial guidance. Not recommended for individuals strictly adhering to Islamic finance principles without significant modification of the advised strategies.

Conversationofmoney.com, spearheaded by Peter Komolafe, positions itself as a comprehensive resource for individuals and organizations looking to enhance their financial well-being.

The site offers a range of products from best-selling books like “The Money Basics” to practical tools such as budgeting sheets and a one-page financial plan template.

It also provides an “Investing Starter Bundle” which specifically highlights platforms like Vanguard and InvestEngine for low-cost investing.

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While these resources might seem beneficial for gaining financial literacy in a conventional sense, it’s crucial to understand the underlying mechanisms.

The promotion of Stocks & Shares ISAs and general investment platforms in the UK market inherently involves engaging with financial instruments that often generate returns through interest or leverage, which are prohibited in Islamic finance.

For those committed to ethical financial practices grounded in Islamic principles, these conventional approaches present a significant conflict.

Here are some alternatives that align with ethical financial practices, focusing on real assets, equity-based investments, and interest-free methodologies:

Best Alternatives for Ethical Financial Guidance & Tools:

• Wahed Invest

  • Key Features: Halal-certified investment platform, offering diversified portfolios across various asset classes Sukuk, global equities, real estate, gold. Sharia-compliant screening ensures no involvement in prohibited industries or interest-bearing instruments.
  • Average Price: Management fees typically range from 0.49% to 0.99% of assets under management, depending on the plan.
  • Pros: Full Sharia compliance, easy-to-use app, diversified portfolios, regular Sharia audits, caters specifically to Muslim investors.
  • Cons: Limited investment options compared to conventional platforms, minimum investment requirements may apply, fees are higher than some passive conventional ETFs.

• Amanah Invest

  • Key Features: Another platform offering Sharia-compliant investment solutions, focusing on ethical and socially responsible investments. Often includes equities, real estate, and other permissible assets.
  • Average Price: Fees vary based on portfolio size and services chosen, generally competitive within the ethical investing space.
  • Pros: Dedicated to Islamic finance principles, provides peace of mind for ethical investors, potential for long-term growth.
  • Cons: May have fewer advanced features than large conventional brokers, selection of specific assets might be narrower.

• Zoya App

  • Key Features: A stock screener app that helps identify Sharia-compliant stocks globally. Provides detailed compliance reports, financial ratios, and business activity checks for individual companies.
  • Average Price: Free basic version, premium subscription for advanced features around $9.99/month or $99.99/year.
  • Pros: Excellent tool for self-directed ethical investors, empowers users to make informed Sharia-compliant stock choices, easy to use interface.
  • Cons: Not an investment platform itself, requires user to have a brokerage account, focuses primarily on equities.

• Islamic Finance Guru IFG Resources

  • Key Features: A comprehensive online resource hub offering articles, guides, and tools on various aspects of Islamic finance, including ethical investing, halal mortgages, and business.
  • Average Price: Mostly free content, some premium guides or courses may be available.
  • Pros: Extensive knowledge base, practical advice, community-driven, covers a wide range of ethical financial topics.
  • Cons: Not a direct investment platform, requires self-learning and application, information overload for beginners.

• Halal Investing Books on Amazon

  

  • Key Features: Various books providing foundational knowledge on Islamic finance, ethical investment strategies, and practical guides to building wealth without riba.
  • Average Price: $10-$30 per book.
  • Pros: In-depth understanding, allows for self-paced learning, diverse perspectives on ethical wealth building.
  • Cons: Requires dedication to read and apply, not interactive, can be theoretical without practical application tools.

• Islamic Microfinance Institutions e.g., Kiva for impact investing

  • Key Features: While not purely Islamic in every aspect, platforms like Kiva offer opportunities for interest-free lending to entrepreneurs in developing countries. This aligns with the spirit of ethical finance by directly supporting productive ventures and poverty alleviation.
  • Average Price: Loan amounts can be as low as $25. No interest charged to lenders.
  • Pros: High social impact, direct support for entrepreneurs, aligns with charitable giving sadaqah and interest-free lending.
  • Cons: Not a direct investment platform for personal financial growth, repayment can be slow, not every borrower is Sharia-compliant.

• Educational Courses on Ethical Finance

  • Key Features: Online courses from reputable universities or institutions that delve into the principles of Islamic finance, ethical wealth management, and Sharia-compliant investments.
  • Average Price: Varies widely, from free audit options to several hundred dollars for verified certificates.
  • Pros: Structured learning, credible instructors, comprehensive understanding of theoretical and practical aspects.
  • Cons: Can be time-consuming, requires commitment, may not directly provide investment tools.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Conversationofmoney.com Review & First Look

When you land on Conversationofmoney.com, the immediate impression is one of professional financial empowerment.

The site’s clean design and clear messaging aim to instill confidence, promising to help visitors “become the master of your financial destiny.” This is a bold claim, and for many, the idea of unlocking financial freedom is incredibly appealing.

The front and center display of Peter Komolafe, a recognized figure in UK finance, adds a layer of credibility.

He’s presented as a best-selling author, TV personality, and someone who’s personally navigated significant financial challenges, from homelessness to a Fortune 100 executive.

This narrative is powerful, designed to resonate with a broad audience seeking guidance. Myip.io Review

The Appeal of Financial Empowerment

The website leverages strong emotional language to draw in visitors, talking about beating financial barriers and unleashing an “inner superhero.” This narrative taps into a universal desire for control and security.

• Psychological Hook: The idea of being a “financial hero” is a powerful motivator. People want solutions, not just information.
• Problem-Solution Framing: The site positions itself as the solution to common financial woes, offering a path to “smarter choices” and “new heights of financial freedom.”

Initial Observations on Content Focus

The primary offerings visible on the homepage include:

• “The Money Basics” Book: Pitched as the “ultimate guide to the basics of personal finance.”
• Useful Tools: Budgeting Sheet, One-Page Financial Plan, Stocks & Share ISA Guide.
• Investing Starter Bundle: Specifically mentioning Vanguard and InvestEngine.

The blend of foundational knowledge books, budgeting with investment-specific tools ISAs, investing platforms suggests a comprehensive approach to personal finance.

However, for those evaluating the site through an ethical lens, particularly from an Islamic finance perspective, the inclusion of conventional investment vehicles like Stocks & Shares ISAs and platforms known for their broad market access which includes interest-bearing assets raises immediate concerns.

Conversationofmoney.com Pros & Cons Ethical Review

From an ethical perspective, specifically through the lens of Islamic finance, a website like Conversationofmoney.com presents a mixed bag. Gowalnut.com Review

While it offers valuable insights into conventional financial management, its core recommendations often clash with Sharia principles.

The Conventional Strengths Pros for General Audience

For a mainstream audience not bound by specific ethical investment criteria, the website offers several advantages:

• Credible Expert: Peter Komolafe’s extensive background in financial services Natwest/RBS, MetLife, Investec and media appearances lend significant authority. This reduces the perception of risk for users seeking reliable financial advice.
• Practical Tools: The downloadable budgeting sheet and one-page financial plan are actionable resources that can immediately help users organize their finances.
• Beginner-Friendly Approach: The “Investing Starter Bundle” promises to demystify investing without jargon, making it accessible for first-time investors. This is crucial for expanding financial literacy.
• Structured Learning: Offering a book and webinars provides a structured pathway for individuals to learn financial concepts.

Ethical Considerations and Drawbacks Cons for Ethical Investors

This is where Conversationofmoney.com faces significant ethical limitations for individuals adhering to Islamic finance principles:

• Promotion of Riba Interest: The explicit mention of “Stocks & Share ISA Guide” and recommendations for platforms like Vanguard and InvestEngine are major red flags.
  • Conventional ISAs: Stocks & Shares ISAs, in their conventional form, allow investment into a wide range of companies, including those involved in interest-based lending banks, insurance, alcohol, gambling, and other industries prohibited in Islam.
  • General Investment Platforms: Vanguard and InvestEngine, while offering low fees, are general investment platforms. They do not inherently screen for Sharia compliance. Users would have to meticulously screen individual holdings themselves, which is impractical for most pre-built funds or ETFs offered. The default investment options on such platforms almost certainly include interest-bearing instruments or non-compliant businesses.
  • Direct Conflict: The fundamental principle of avoiding riba interest is paramount in Islamic finance. Any advice that directly or indirectly leads to earning or paying interest is ethically problematic.
• Lack of Sharia Compliance Screening: There’s no mention of ethical screening, Sharia-compliant investments, or any mechanism to ensure the recommended investment strategies adhere to Islamic principles. This is a critical omission for the target audience of this review.
• Gharar Excessive Uncertainty/Speculation: While not explicitly speculative products, many conventional investment strategies can involve elements of gharar when dealing with complex derivatives or highly leveraged positions. The emphasis on general market investing, without specific ethical guidelines, opens the door to potentially non-compliant activities.
• Implied Endorsement of Conventional Systems: By promoting these tools and platforms without caveats for ethical investing, the website implicitly endorses the broader conventional financial system, which is built on interest.

Conversationofmoney.com Pricing & Access

Understanding the cost structure of Conversationofmoney.com’s offerings is essential for potential users, especially when evaluating alternatives that might offer more ethically aligned services.

The website primarily offers digital products and services, some for purchase and others as free downloads. Pressedjuicery.com Review

Free Resources

The site provides several valuable resources at no cost, which can be a good starting point for anyone looking to get their financial house in order:

• Budgeting Sheet: This fully automated sheet is based on Peter Komolafe’s budgeting philosophy outlined in his book. It’s a practical tool for tracking income and expenses.
  • Accessibility: Easily downloadable from the homepage.
  • Utility: Helps users implement a core financial planning habit.
• One-Page Financial Plan Template: Designed to simplify the creation of a comprehensive financial plan.
  • Accessibility: Available for direct download.
  • Benefit: Demystifies financial planning, making it less daunting for beginners.
• Stocks & Share ISA Guide: A free downloadable guide specifically for understanding Stocks & Shares ISAs in the UK.
  • Accessibility: Readily available on the site.
  • Note for Ethical Investors: While free, the content within this guide will almost certainly refer to conventional, interest-based investments, which is a major ethical concern.

Paid Products and Services

The core revenue-generating elements on Conversationofmoney.com include:

• “The Money Basics” Book: This is a best-selling book, available for purchase primarily through Amazon.
  • Average Price: Typically ranges from £10-£15 for the paperback, with Kindle versions often slightly cheaper. Approximately $12-$18 USD.
  • Availability: Linked directly to Amazon.
  • Content Alignment: While a foundational personal finance book, its advice will generally be within the conventional financial framework, not specifically tailored for Islamic finance.
• Investing Starter Bundle: This bundle includes two expert-led webinars and a downloadable investor guide.
  • Price: The specific price for this bundle is not explicitly displayed on the homepage, requiring a “Get It Now” click to potentially reveal pricing. This lack of upfront pricing can be frustrating.
  • Focus: The bundle focuses on “Vanguard and InvestEngine,” two widely used, low-cost conventional investment platforms. This directly aligns with the ethical concerns regarding riba and gharar.
• Coaching and Workshops: The website mentions “Explore Coaching” and “Workshops” for both individuals and organizations.
  • Pricing: Details for these services would likely be customized and require direct inquiry or accessing specific pages e.g., “Individuals” or “Organisations” sections.
  • Scope: These would likely involve more personalized guidance, but it’s reasonable to assume the underlying financial strategies would still adhere to conventional practices unless explicitly requested otherwise.

Cost-Benefit Analysis for Ethical Investors

For an ethical investor, the “free” resources might seem appealing, but the inherent conventionality of the advice, especially concerning investments, renders them largely unsuitable without significant self-filtering.

The paid products, particularly the “Investing Starter Bundle,” directly promote non-compliant investment avenues. Nomadsoul.store Review

Therefore, while the initial cost might seem low or free, the potential ethical cost of engaging with interest-based financial instruments is substantial.

Investing in a Sharia-compliant resource or platform, even if it has a fee, would represent a better long-term ethical and financial alignment.

How to Navigate Conversationofmoney.com for Limited Benefit

While Conversationofmoney.com is largely built on conventional financial principles, there are very specific, limited ways an individual committed to ethical Islamic finance could potentially extract some value without compromising their beliefs.

This involves a highly selective approach, focusing only on generic budgeting and planning tools while completely avoiding any investment-related advice.

Leveraging the Generic Planning Tools

The website offers a few tools that are universally beneficial for financial organization, regardless of specific investment philosophies: Zenpursleep.com Review

• Budgeting Sheet: This is a fundamental tool for managing cash flow. Tracking income and expenses is a vital first step in any financial plan, and its ethical neutrality makes it permissible.
  • Actionable Step: Download and use the “fully automated budgeting sheet” to gain clarity on your spending habits. This can help identify areas for saving.
  • Focus: Use it strictly for monitoring your cash inflows and outflows.
• One-Page Financial Plan Template: This template aims to simplify the creation of a financial plan. A financial plan, at its core, involves setting goals, understanding your current situation, and outlining steps to achieve those goals.
  • Actionable Step: Download and utilize the “One-Page Financial Plan Template.” Fill it out with your personal financial goals, focusing on saving, debt repayment if applicable, without interest, and general financial health.
  • Limitation: Ensure that any “investment” sections within the plan are either left blank or replaced with purely Sharia-compliant investment goals e.g., investing in a specific halal fund, real estate, or ethical business ventures.

Avoiding Compromise: What to Steer Clear Of

For an ethical investor, nearly all the investment-specific content on Conversationofmoney.com should be avoided due to its reliance on conventional, interest-based finance:

• Stocks & Share ISA Guide: Do not download or use this guide. It promotes a conventional investment vehicle that does not screen for Sharia compliance and almost certainly involves riba and other prohibited elements.
• Investing Starter Bundle: Do not purchase or engage with this bundle. Its explicit focus on Vanguard and InvestEngine, which are general brokerage platforms, means it will guide users towards non-compliant investment products like conventional mutual funds, ETFs, and stocks of companies involved in haram activities.
• Book Club Content related to Investments: While “The Money Basics” book might offer some generic financial wisdom, any chapters or discussions related to conventional investing strategies should be approached with extreme caution or skipped entirely.
• Coaching/Workshops: Unless Peter Komolafe or his team explicitly offer Sharia-compliant financial coaching, it’s highly unlikely their standard advice would align with Islamic finance principles. It’s best to seek out coaches specifically trained in ethical Islamic finance.

In essence, the utility of Conversationofmoney.com for an ethical investor is limited to the most basic, universally applicable tools for budgeting and financial planning, provided that all investment-related content is meticulously avoided. This requires a strong understanding of Islamic financial principles to discern what is permissible and what is not.

Conversationofmoney.com vs. Ethical Alternatives

When comparing Conversationofmoney.com to platforms and resources explicitly designed for ethical finance, a stark difference emerges, particularly for individuals committed to Islamic principles.

The core distinction lies in the foundational philosophy guiding financial advice and product recommendations.

Conventional vs. Ethical Foundations

• Conversationofmoney.com: Iceland.trawire.com Review

  • Foundation: Rooted in conventional Western finance. The advice, tools, and recommended platforms Vanguard, InvestEngine operate within a system that inherently involves interest riba, leverage, and often investments in industries that are considered unethical or impermissible in Islamic law e.g., conventional banking, insurance, alcohol, gambling, adult entertainment.
  • Goal: Maximize financial returns and personal wealth using established financial instruments and strategies, without specific ethical filters beyond broad legal compliance.
  • Risk for Ethical Investor: High risk of unintentional engagement with riba or other non-compliant transactions. Requires extensive self-screening and knowledge to avoid impermissible elements.

• Ethical Alternatives e.g., Wahed Invest, Amanah Invest, Zoya App, IFG:

  • Foundation: Built upon comprehensive Sharia principles, ensuring all financial activities are free from riba interest, gharar excessive uncertainty, maysir gambling, and investments in prohibited sectors.
  • Goal: Facilitate wealth growth in a manner that is both financially sound and ethically permissible according to Islamic guidelines, promoting financial well-being with a conscience.
  • Benefit for Ethical Investor: Provides peace of mind, simplifies compliance, and offers curated solutions that align with faith.

Specific Comparisons

Let’s break down some key areas:

Investment Platforms

• Conversationofmoney.com’s Recommendation: Vanguard, InvestEngine.
  • How they work: These are broad-market brokers offering access to a vast array of stocks, ETFs, mutual funds, and other financial instruments. They are popular for low fees and accessibility.
  • Ethical Clash: Their primary offerings are not Sharia-compliant by default. Investing in a typical Vanguard S&P 500 ETF, for instance, would include hundreds of companies that don’t pass Sharia screening e.g., conventional banks, alcohol manufacturers.
• Ethical Alternative: Wahed Invest, Amanah Invest.
  • How they work: These platforms are specifically designed to offer Sharia-compliant investment portfolios. They employ rigorous screening processes to ensure all underlying assets Sukuk, Sharia-compliant equities, gold, real estate and transactions adhere to Islamic finance rules.
  • Ethical Alignment: Full Sharia compliance built-in, removing the burden of screening from the investor.

Financial Planning Tools & Guides

• Conversationofmoney.com’s Offerings: Budgeting Sheet, One-Page Financial Plan, Stocks & Share ISA Guide.
  • Utility: The budgeting and planning tools are universally useful for organizing finances. However, the ISA guide directly promotes a conventional investment vehicle.
  • Ethical Clash: The ISA guide, and likely any detailed investment planning within coaching, will steer users towards conventional instruments that are problematic.
• Ethical Alternative: Islamic Finance Guru IFG Resources, various halal investing books.
  • Utility: These resources provide budgeting, financial planning, and investment strategies specifically tailored to Islamic principles. They offer guidance on halal debt management, ethical savings, and Sharia-compliant wealth building.
  • Ethical Alignment: All advice and tools are framed within the Islamic finance framework, ensuring compliance and peace of mind.

Expert Guidance

• Conversationofmoney.com’s Expert: Peter Komolafe.
  • Expertise: Highly experienced in conventional UK financial services, a proven ability to communicate complex financial topics simply.
  • Ethical Gap: His expertise is within the conventional system. While valuable for mainstream finance, he is not presented as an expert in Islamic finance.
• Ethical Alternative: Certified Islamic Financial Planners CIFP, Sharia scholars, advisors specializing in Islamic finance.
  • Expertise: Professionals who have specific training and certification in Islamic finance, ensuring their advice is rooted in Sharia.
  • Ethical Alignment: Their core competence is providing financial solutions that are both sound and ethically permissible.

In summary, while Conversationofmoney.com serves a purpose for general financial literacy within the conventional framework, it is fundamentally misaligned with the requirements of ethical Islamic finance.

For those prioritizing Sharia compliance, dedicated ethical platforms and resources offer a much safer, more integrated, and ultimately more beneficial path to financial well-being. Investmoneyco.com Review

How to Cancel Conversationofmoney.com Subscription / Access

While Conversationofmoney.com doesn’t appear to offer recurring subscriptions for its core products like a typical SaaS platform, understanding how to manage your engagement and data is crucial.

Based on the available information, the primary interactions would be purchasing a book, downloading free resources, or potentially signing up for a newsletter or an “Investing Starter Bundle.”

Managing Newsletter Subscriptions

The most common “subscription” for a site like Conversationofmoney.com is likely their newsletter.

• How to Cancel: Look for an “Unsubscribe” link at the bottom of any email you receive from Conversationofmoney.com. This is the standard practice for email marketing services and is usually a one-click process.
  • Actionable Step: Open the latest email from them, scroll to the footer, and click the unsubscribe link.
• Confirmation: Most reputable email services will send a confirmation email or display a message on a web page confirming your unsubscription.
• Data Implications: Unsubscribing from the newsletter generally means you will stop receiving marketing emails, but your email address might still be retained on their database for other purposes e.g., if you purchased a product, they might keep transactional records. Refer to their privacy policy for details on data retention.

Accessing or Deleting Your Data GDPR/UK DPA

Given that Peter Komolafe’s operations are based in the UK, they are subject to strict data protection regulations like GDPR General Data Protection Regulation and the UK Data Protection Act.

This grants individuals specific rights regarding their personal data. Smarterbusinessprocesses.com Review

• Right to Access Subject Access Request – SAR: You have the right to request a copy of the personal data they hold about you.
  • Actionable Step: Check their “Privacy Policy” page linked in the footer for instructions on how to make a Subject Access Request. This usually involves sending an email to a designated data protection officer or contact email address.
• Right to Erasure Right to Be Forgotten: You can request that your personal data be deleted under certain circumstances.
  • Actionable Step: Similar to an SAR, refer to their “Privacy Policy” for details on exercising your right to erasure. Be aware that certain data e.g., transactional records might be retained for legal or accounting purposes.
• Contact Information: The website’s “Contact” page is the primary point for general inquiries and might provide a dedicated email or form for data-related requests. Always use the official contact channels for such requests.

Managing Purchased Digital Products or Book Club Access

If you’ve purchased the “Investing Starter Bundle” or joined the “Book Club” which appears to have a dedicated members area, access management would be different:

• Login Portal: The website has a “Login” link https://membersarea.peterkomolafe.com/login. This indicates a member area where you would access purchased content or book club resources.
  • Access Management: Your access to these materials would likely be tied to your login credentials. There typically isn’t a “cancellation” in the sense of a recurring subscription for one-off digital purchases.
  • Account Deletion: If you wish to delete your entire member account, you would need to contact their support through the contact page or as specified in their privacy policy. This might remove your access to previously purchased digital content.

In summary, for Conversationofmoney.com, managing your interaction mostly involves unsubscribing from newsletters and, if desired, exercising your data protection rights.

For digital product access, it’s typically a one-time purchase with perpetual access, rather than a recurring subscription that needs cancellation.

Frequently Asked Questions

What is Conversationofmoney.com?

Conversationofmoney.com is a website founded by Peter Komolafe that offers personal financial education, tools, and coaching services, including books, budgeting templates, and guides on investing.

Is Conversationofmoney.com suitable for ethical investors following Islamic finance principles?

No, Conversationofmoney.com is generally not suitable for ethical investors following Islamic finance principles because it promotes conventional financial instruments and platforms like Stocks & Shares ISAs, Vanguard, InvestEngine that typically involve interest riba and investments in non-compliant industries. Saveur-biere.com Review

Who is Peter Komolafe?

Peter Komolafe is a best-selling author, multi-award-winning financial content creator, TV personality, and speaker with a background as a qualified Financial Adviser and Mortgage Adviser, having held roles at Natwest/RBS, MetLife, and Investec.

What products does Conversationofmoney.com offer?

Conversationofmoney.com offers “The Money Basics” book, a downloadable budgeting sheet, a one-page financial plan template, a Stocks & Shares ISA guide, and an “Investing Starter Bundle.”

Is “The Money Basics” book Sharia-compliant?

“The Money Basics” book provides general personal finance advice.

While some foundational concepts like budgeting are universally applicable, its advice on wealth accumulation and investing would likely align with conventional finance, which may not be Sharia-compliant due to potential involvement with interest-based systems.

What is the “Investing Starter Bundle” on Conversationofmoney.com?

The “Investing Starter Bundle” is a paid offering that includes two expert-led webinars and a downloadable investor guide, focusing on how to start investing with platforms like Vanguard and InvestEngine. Optimumresearchconsulting.com Review

Why are Vanguard and InvestEngine problematic for Islamic finance?

Vanguard and InvestEngine are conventional investment platforms that do not inherently screen for Sharia compliance.

Investments made through them typically include companies involved in interest-based lending, alcohol, gambling, and other prohibited activities, which conflict with Islamic financial principles.

Are the budgeting tools on Conversationofmoney.com permissible in Islamic finance?

Yes, the budgeting sheet and one-page financial plan template are generally permissible, as they are generic tools for managing income and expenses, which is a neutral financial practice.

How can I get “The Money Basics” book?

“The Money Basics” book can be purchased through Amazon, with a direct link provided on the Conversationofmoney.com website.

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Does Conversationofmoney.com offer free resources?

Yes, Conversationofmoney.com offers a free downloadable budgeting sheet, a one-page financial plan template, and a Stocks & Shares ISA guide.

How can I unsubscribe from Conversationofmoney.com’s newsletter?

You can unsubscribe from Conversationofmoney.com’s newsletter by clicking the “Unsubscribe” link usually found at the bottom of any email you receive from them.

Can I cancel my “Investing Starter Bundle” purchase?

The “Investing Starter Bundle” appears to be a one-time digital purchase.

There typically isn’t a “cancellation” in the sense of a recurring subscription, but you might inquire about refunds based on their terms of service, usually via their contact page.

Does Conversationofmoney.com offer Sharia-compliant investment advice?

Based on the website’s content, Conversationofmoney.com does not explicitly offer or mention Sharia-compliant investment advice. Powerlogy.com Review

Its recommendations lean heavily towards conventional investment vehicles.

What are some ethical alternatives to Conversationofmoney.com for investing?

Ethical alternatives include platforms like Wahed Invest and Amanah Invest for Sharia-compliant investments, and tools like Zoya App for screening individual stocks for Sharia compliance.

Where can I find more information about Peter Komolafe’s background?

Details about Peter Komolafe’s background, including his past roles and media appearances, are prominently featured on the Conversationofmoney.com homepage.

Does Conversationofmoney.com provide direct financial advising?

The website mentions “Coaching” and “Workshops” for individuals and organizations, implying personalized guidance, but whether this constitutes direct regulated financial advising depends on specific service agreements.

Is the “Stocks & Share ISA Guide” useful for halal investing?

No, the “Stocks & Share ISA Guide” is not useful for halal investing because it explains a conventional UK investment account that typically allows investments in non-Sharia-compliant assets, including interest-bearing instruments. Qtwist.com Review

How does Conversationofmoney.com ensure privacy?

Conversationofmoney.com states “We never spam, we respect your privacy” and provides a link to their “Privacy Policy” for detailed information on how they handle user data.

Can I request my data be deleted from Conversationofmoney.com?

Yes, under UK data protection regulations like GDPR, you have the right to request the deletion of your personal data.

You would typically do this by contacting them as outlined in their Privacy Policy.

Are there any fees for the free resources on Conversationofmoney.com?

No, the budgeting sheet, one-page financial plan template, and Stocks & Shares ISA guide are listed as free downloads, meaning there are no associated fees for accessing them.

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