The frustration which made ansaar.in possible
Assalamualaikum,
Struggling Indian Muslims keep their money either in bank savings or fixed deposits. The larger investments are done in properties.
The lack of financial education in general and about Equity markets have damaged the Muslim community as a whole for many decades.
Most of the major Indian share market websites showing the Halal stocks rely on paid screening services such as prestigious TASIS. The Shariah index in India was introduced in 2008 and the details of this index were still not freely available for the general mass of people. The benefits were taken by only the elites. The result is that Muslims keep their savings in banks or in lockers — missing out massive investment opportunities.
The Indian economy has a potential of exponential growth and Muslims can help India prosper by participating in her growth via Halal stocks.
The motivation of ansaar.in is to kill the hesitation towards share market investments in regular Indian Muslims so they at least start to step into the investments sector.
The long-term goal is to guide them in becoming self-reliant as much as possible.
Ansaar.in is just a website created by an ordinary guy. Hence, whenever in doubt - if you find that the company stock in concern is bringing more good than bad to humanity, it should be a deal.
There are multiple maslaks in the Muslim community hence it’s impossible for ansaar.in to be a “fit for all” Fatwa authority
In fact, ansaar.in is not a Fatwa authority at all. If you ever have a doubt about your investments and income activities, do always reach out to a trusted & reputed Aalim/Mufti of your particular Maslak for 100% assured advice.
Please note: our approach of screening may not match that of other Halal stocks apps hence our list of Halal stocks will always be a little different from those of others!
The reason for making ansaar.in
Back story:
The website owner wanted a Halal stocks list for their personal investments hence they consulted Muftis and Aalims who have guided the screening approach. The implementation is done by software engineers. The owner made the list public so the participation of the Muslim community can increase in the investment sector. The list is updated on monthly basis.
Also, the cumulative frustration from the combination of the following factors forced us to make ansaar.in
- lack of knowledge on Halal investment opportunities in India
- economic boycotts, demonization & struggle of Indian Muslims
- ignorance from the governments towards the welfare of Muslims
Harsh realities:
Even after decades of independence Indian Muslims is a sleeping giant of millions, and are almost always abused for political votes.
Independent political leadership is extremely important for the growth of the Muslim community and is our democratic right! - Br. Asaduddin Owaisi Sahib
The lack of financial knowledge and education, in general, have resulted in overall damage to Muslims. In fact, Muslims do not even hold any substantial voice in sections that actually control their lives like police, politicians, lawyers, army men, media, the corporate, judge & juries etc.
The community has to urgently participate in this mainstream & achieve her rights.
Contribution
The website code and the know-how is available in the public domain: https://github.com/ansaar-in
You’re free to contribute.
API
Please call this once a month because the data changes monthly. Please do not call hourly / daily. Do not abuse:
https://www.ansaar.in/api/stocksMake sure you provide your solutions/apps/websites for free to the community and will not use them to make profits. Our entire Google ads profits are donated to poor kids’ higher education — we expect the same from our partners. This is a community project, not a business.
We share the monthly updates on our Twitter/Instagram/FB accounts when the halal stocks get updated. Only then you’re supposed to call the API and then call the API next month. Stock prices are updated daily but you can get the stock prices from other places also. Use our APIs for only knowing if a stock is Halal or not.
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Medium — https://medium.com/ansaar-in
