The Practical Islamic Finance Podcast · Rakaan Kayali

My Biggest Mistake!

·54 min·3 clips

Selling Iron early still left “so much meat left on the bone.”

The episode opens with the idea that halal investing is hard to do alone. Yazan joins from Dallas and speaks as a long-term PIF member. He says he started investing by looking for stocks without first checking whether they were halal or not. After he found the PIF website, he treated that as the path he wanted to follow and said there was no way to explore anything else. That discovery made the rest of his investing feel more organized. He and the group worked through how to split a portfolio between ETFs and individual stocks so the risk stays manageable. Yazan points to a background in accounting and business administration, along with work in software and technology consultation, as part of what shapes his perspective. The conversation then shifts into a difficult example from Bitdeer. He describes having sell orders set slightly above the old all-time high, watching the stock move higher and then pull back. That made the week especially hard because he had halal alpha clients in the position too. He says he was not ready to sell because he still believed the business could be valued much higher, and he compares it to similar American data center and bitcoin mining companies. He also says winners should be allowed to run. At the same time, he sees value in using put options as protection, especially for halal alpha clients, and even imagines a system where those protections could be triggered automatically at certain milestones. He believes that would help reduce downside while still leaving room for upside. The discussion ends with a longer view on portfolio weights. Percentages can deviate, but over time the winners tend to dominate anyway. He encourages not worrying too much about short-term imbalances. The closing tone is appreciative and community-minded, with thanks to the members who showed up and made the work feel more real.

As heard by us

Halal investing gets practical here, with risk control, portfolio splits, and selective protection.

This episode treats halal investing as a working discipline, not a theory exercise. The conversation stays close to real portfolio choices: how to split between ETFs and individual stocks, how to handle risk without overreacting, and when to let winners run instead of cutting…

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Why you'd press play

You want a halal investing conversation that gets specific about risk, winners, and protection.

Read the full recommendation in PlayNext →

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