Based on looking at the website, Manojksingh.com appears to offer courses and guidance on stock market trading.
However, engaging in stock market trading, especially as promoted on this website, often involves elements that are not permissible, such as speculative activities, interest-based financing, and dealing with companies whose primary business activities may not align with ethical guidelines.
The website’s focus on “making money in the share market” and “consistent profits” through various trading strategies, including potential short-term gains, highlights the speculative nature often associated with such endeavors.
Overall Review Summary:
- Website Focus: Stock market trading courses and mentorship.
- Ethical Concerns: Highly likely to involve speculative trading, potential interest-based transactions, and investment in non-compliant businesses, which are generally not permissible.
- Transparency: The website provides information about the coach and course content, but details on the ethical compliance of specific trading strategies or underlying assets are absent.
- Missing Information: No clear disclosure of how to ensure investments are in ethical companies or how to avoid interest-based transactions inherent in many trading platforms.
- Recommendation: Due to the inherent nature of conventional stock market trading and the lack of explicit adherence to ethical guidelines, this service is not recommended.
The website positions itself as a guide to financial independence through stock trading.
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While financial independence is a commendable goal, the methods employed in conventional stock markets often cross lines that are not permissible.
The emphasis on “making money in the share market” and discussions of “consistent profits” through various trading techniques like “swing trading,” “day trading,” and “online stocks” point towards speculative activities.
These practices, driven by high risk and often involving interest-bearing mechanisms, can lead to financial distress and conflict with ethical principles.
It’s crucial to understand that wealth generation should be pursued through permissible means, focusing on real assets, ethical business practices, and avoiding speculative or interest-based transactions.
Best Alternatives for Ethical Financial Growth:
For those seeking financial independence and ethical wealth management, here are some superior alternatives that align with permissible principles:
- Halal Investment Funds: These funds invest exclusively in companies that comply with ethical principles, avoiding industries like alcohol, tobacco, gambling, conventional finance, and unethical entertainment. They also screen for interest-bearing debt.
- Ethical Real Estate Investment: Investing in physical properties for rent or development, avoiding interest-based mortgages and focusing on tangible assets that provide real value.
- Permissible Savings Accounts: Accounts that operate on profit-sharing models or provide returns through ethical investments, rather than interest.
- Zakat-Compliant Investment Platforms: Platforms that not only offer ethical investments but also assist with Zakat calculations and distributions, reinforcing the social responsibility aspect of wealth.
- Micro-Equity Crowdfunding for Ethical Businesses: Supporting ethical startups and small businesses directly through equity crowdfunding, allowing participation in real economic growth.
- Developing a Skilled Trade or Craft: Investing in oneself through education and training in a valuable skill that can generate income through honest work and entrepreneurship.
- Starting an Ethical Business: Entrepreneurship focused on providing genuine value, adhering to ethical principles in all transactions, and avoiding deceptive or harmful practices.
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.
Manojksingh.com Review & First Look
Based on an initial review of Manojksingh.com, the website presents itself as an educational platform focused on stock market trading.
The homepage immediately emphasizes “Learn Stock Trading & Make Money In Share Market,” positioning itself as a gateway to financial success through conventional market participation.
The platform offers structured courses, from “Level 1 – Everything you need to initiate your Journey” to “Level 3 : Future & Option Complete with Adjustments.” While the presentation is professional and the content seemingly comprehensive, the fundamental nature of the offerings raises significant concerns regarding ethical permissibility.
Initial Impressions and Core Offerings
The site highlights Manoj Kumar Singh as an “Amazon Bestselling Author” and an experienced coach, emphasizing his journey from losing capital to becoming a “consistent winner” in trading.
This narrative is designed to inspire and attract individuals seeking similar outcomes.
- Target Audience: The courses are marketed to a broad audience, including “Job seekers,” “Stock Market Traders,” “Students,” “consultants and sub-brokers,” and “Housewives and Retired Professionals.” This wide net indicates an aim to onboard anyone interested in generating “extra returns” or “extra income” through the stock market.
- Course Structure: The three-level course progression suggests a comprehensive curriculum.
- Level 1: Basics to initiate the trading journey.
- Level 2: Aimed at becoming an “Expert.”
- Level 3: Focuses on “Future & Option Complete with Adjustments,” a highly speculative area of trading.
- Support & Community: The website mentions “Weekly Live Webinar for answering queries,” a “Closed Facebook Group,” and a “Telegram Group,” indicating an attempt to build a community around the learning experience.
Lack of Ethical Disclosure
A critical omission on Manojksingh.com is any explicit mention or guidance on ethical investing.
The world of conventional stock trading is inherently intertwined with practices that are generally not permissible, such as:
- Interest Riba: Many stock market transactions and underlying financial instruments involve interest, whether through margin trading, certain derivatives, or the financing structures of the companies themselves.
- Speculation Gharar: A significant portion of day trading, swing trading, and futures/options trading relies on speculation and excessive uncertainty rather than tangible asset ownership or productive enterprise. The website’s promotion of “Future & Option” trading directly points to this.
- Unethical Industries: Conventional stock markets include companies involved in industries like alcohol, gambling, conventional banking, entertainment with unethical content, and others that are not permissible. The website does not provide filters or guidance to avoid these.
- Gambling-like Behavior: The pursuit of “sure-shot formula to gain” or quick “consistent profits” often borders on gambling, especially when the underlying asset is not well-understood or the transaction involves high risk and uncertainty.
The absence of any framework for ethical compliance means that users, by default, will likely engage in practices and invest in entities that do not align with permissible guidelines.
This fundamental flaw makes the platform problematic from an ethical standpoint. Kudirkacentral.com Review
For instance, the website suggests learning from “Famous Stock Traders” like Radhakrishnan Damani and Rakesh Jhunjhunwala.
While these individuals are successful in the conventional market, their strategies and underlying investments are not guaranteed to be ethically compliant.
Manojksingh.com Cons & Ethical Considerations
When evaluating Manojksingh.com, the primary focus shifts to the ethical implications of its offerings rather than its perceived benefits.
From an ethical perspective, the platform presents several significant drawbacks due to its promotion of conventional stock market trading.
This activity, in its standard form, is fundamentally at odds with principles that guide permissible financial transactions. Signx.wondershare.com Review
The Inherent Problems with Conventional Stock Trading
The core issue lies in the nature of modern stock markets.
They are often characterized by elements that are not permissible, making any platform that teaches and encourages participation in these markets questionable.
- Riba Interest: A pervasive element in financial markets.
- Margin Trading: When traders borrow money from brokers to buy more shares, they incur interest charges. This is a common practice for increasing leverage and potential returns, and it’s a clear instance of Riba. Manojksingh.com doesn’t explicitly warn against this or provide alternatives.
- Company Debt: Many publicly traded companies operate with significant interest-bearing debt. Investing in such companies indirectly supports Riba. Without rigorous screening tools, it’s almost impossible to avoid these entities in a conventional market.
- Derivatives: Financial instruments like futures and options, heavily promoted by Manojksingh.com “Level 3 : Future & Option Complete with Adjustments”, can involve embedded interest or be structured in ways that resemble interest-based agreements.
- Gharar Excessive Uncertainty/Speculation: Many trading strategies border on speculation, where the outcome is highly uncertain, and the transaction lacks clarity regarding the underlying asset or its value.
- Day Trading & Swing Trading: These short-term strategies, implicitly endorsed by the site’s focus on “make money in share market” and quick returns, are often highly speculative. They rely on predicting short-term price movements rather than fundamental analysis of a company’s long-term value or productive output.
- Futures & Options: These are high-risk derivative instruments. Their value is derived from an underlying asset, and trading them often involves significant leverage and speculative intent, rather than a genuine exchange of goods or services. The potential for rapid gains or losses makes them akin to gambling in many respects.
- Lack of Tangible Value: Unlike investing in a business that produces goods or services, much of stock market trading, especially short-term speculation, does not contribute to real economic activity. It’s often a transfer of wealth based on price fluctuations.
- Permissible Business Activities: A significant concern is the type of companies traded on conventional stock exchanges.
- Prohibited Industries: Stock indices contain companies involved in alcohol, tobacco, conventional banking and insurance interest-based, gambling, adult entertainment, and other industries deemed impermissible. Manojksingh.com does not offer guidance or tools to screen out these companies.
- Ethical Screening: For an investment to be permissible, the underlying business must be engaged in ethical activities. The website makes no mention of this crucial screening process, leaving participants vulnerable to investing in problematic ventures.
Absence of Ethical Guidance and Screening Tools
A key failing of Manojksingh.com, from an ethical standpoint, is its complete silence on permissible financial principles. There is no mention of:
- Halal Stock Screening: No guidance on how to identify companies that comply with ethical investment criteria e.g., low debt-to-equity ratios, non-interest-based income, permissible business activities.
- Avoiding Interest-Based Practices: No warnings against margin trading or other interest-bearing mechanisms that are common in conventional brokerage accounts.
- Promoting Productive Investment: The emphasis is heavily on “trading” and “making money,” which often implies short-term speculation, rather than long-term, productive investment in real businesses.
This omission is critical.
By not addressing these fundamental ethical requirements, the platform inadvertently encourages practices that are not permissible. Starzsoft.com Review
It places the burden entirely on the individual to navigate the complexities of the market while adhering to ethical principles, without providing any tools or education to do so.
This is a significant disadvantage, as a platform that aims to teach financial literacy should also equip its users with the knowledge to engage in financially responsible and permissible ways.
Manojksingh.com Alternatives
Given the significant ethical concerns associated with conventional stock market trading promoted by Manojksingh.com, it is crucial to explore alternatives that align with ethical principles.
The goal is to achieve financial growth and independence through permissible means, focusing on real economic activity, ethical transactions, and avoiding speculative or interest-based ventures.
Ethical Financial Alternatives
These alternatives prioritize genuine wealth creation, community benefit, and adherence to ethical guidelines. Anilkhare.com Review
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- Key Features: Professionally managed funds that invest only in companies screened for ethical compliance. This means avoiding companies involved in alcohol, gambling, conventional banking, arms, and unethical entertainment. They also ensure minimal interest-bearing debt and permissible income streams.
- Average Price: Varies based on fund type e.g., ETFs, mutual funds. expense ratios typically range from 0.2% to 1.5% annually.
- Pros: Easy diversification, professional management, automatic ethical screening, suitable for long-term growth.
- Cons: Limited choice compared to conventional funds, some screening criteria can still be debated among scholars, may have higher expense ratios than passive conventional index funds.
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Ethical Real Estate Investment
- Key Features: Direct investment in physical properties for rental income e.g., residential, commercial or development. This involves purchasing property outright or through ethical, non-interest-bearing financing models.
- Average Price: Highly variable, from tens of thousands for fractional ownership to millions for full properties.
- Pros: Tangible asset, potential for stable rental income and capital appreciation, diversifies portfolio away from volatile financial markets, direct contribution to real economy.
- Cons: High capital requirement, illiquid hard to sell quickly, requires active management for rentals, market fluctuations can affect value.
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Permissible Savings Accounts / Ethical Banking
- Key Features: Banking products that operate on profit-sharing Mudarabah or partnership Musharakah models, rather than interest. Funds are invested in ethical, productive ventures, and profits are shared with depositors.
- Average Price: Typically no direct fees for basic accounts, but profit rates vary and are not guaranteed.
- Pros: Principal protection usually, ethical income generation, supports ethical financial institutions, simple and accessible.
- Cons: Profit rates might be lower than conventional interest rates during certain periods, fewer options globally, not suitable for aggressive growth.
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Zakat-Compliant Investment Platforms Darkcavern.com Review
- Key Features: Platforms that specialize in ethical investments and also integrate Zakat calculation and distribution services. They offer curated portfolios of permissible stocks, real estate funds, and other assets.
- Average Price: Management fees typically 0.5% – 1% of assets under management.
- Pros: Combines ethical investing with a crucial pillar of faith, streamlines Zakat obligations, often provides educational resources on permissible finance.
- Cons: Newer segment with fewer established players, diversification options might be limited, requires trust in the platform’s Zakat calculation methodology.
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Micro-Equity Crowdfunding for Ethical Businesses
- Key Features: Investing small amounts directly into ethical startups and small businesses, often through profit-sharing or equity models. This allows individuals to support real economic growth and share in the success of compliant ventures.
- Average Price: Investments can start from as little as $100 to $1,000.
- Pros: Direct impact on ethical businesses, potential for high returns if the business succeeds, supports entrepreneurship and innovation, fosters community.
- Cons: High risk startups often fail, illiquid difficult to sell shares, long time horizon for returns, requires due diligence on each business.
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Developing a Skilled Trade or Craft
- Key Features: Investing in oneself through education, apprenticeships, or vocational training to acquire a valuable skill e.g., carpentry, plumbing, coding, graphic design, tailoring. This creates a direct income stream through legitimate, productive work.
- Average Price: Cost of courses or certifications varies widely, from a few hundred dollars for online courses to tens of thousands for vocational programs.
- Pros: Direct control over income, recession-resistant skills, tangible value creation, opportunity for entrepreneurship, less reliance on financial markets.
- Cons: Requires significant time and effort for training, income potential can be capped without scaling, physically demanding for some trades.
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- Key Features: Launching and operating a business that adheres strictly to ethical principles in its products/services, operations, financing, and employee relations. This involves offering real value and avoiding deceptive practices.
- Average Price: Highly variable, from a few hundred dollars for a home-based service to millions for a manufacturing setup.
- Pros: Ultimate control over income and ethical compliance, potential for significant wealth creation, direct contribution to society, builds valuable assets.
- Cons: High risk and failure rate, requires immense effort and dedication, significant capital requirements, steep learning curve.
These alternatives provide pathways to financial well-being that prioritize ethical principles over speculative gains, aligning wealth creation with positive societal impact and true economic value.
Understanding the Stock Market: A Permissible Perspective
The stock market, in its conventional form, is a complex ecosystem. Ha-video.xyz Review
Manojksingh.com attempts to simplify this complexity, focusing on technical analysis and trading strategies.
However, from an ethical standpoint, it’s crucial to dissect what constitutes permissible participation in such a market.
The core distinction lies between speculative trading, which is largely problematic, and genuine investment in productive assets, which can be permissible under strict conditions.
Speculation vs. Permissible Investment
The website heavily leans into terms like “stock trading,” “make money,” and “consistent profits,” often associated with short-term gains.
This inherently pushes individuals towards speculative behavior. Couponzania.com Review
- Speculative Trading Often Problematic: This involves buying and selling financial instruments with the primary goal of profiting from short-term price fluctuations, without a genuine intention of owning the underlying asset for its productive value. Examples include:
- Day Trading: Buying and selling within the same day.
- Swing Trading: Holding assets for a few days or weeks to profit from price swings.
- Futures and Options: Highly leveraged derivative instruments that often involve speculation on future price movements. Manojksingh.com’s “Level 3” focuses on these.
- Permissible Investment Under Strict Conditions: This involves acquiring a partial ownership stake in a real business through shares with the intention of participating in its long-term growth and sharing in its profits dividends. Key conditions include:
- Ethical Business Activities: The company must not be involved in prohibited industries alcohol, gambling, conventional banking, etc..
- Low Interest-Bearing Debt: The company’s financial structure should not be excessively reliant on interest-based loans.
- Productive Assets: The investment should be in a company that produces tangible goods or services, contributing to the real economy.
- Ownership Intent: The intention should be long-term ownership and sharing in the company’s risks and rewards, not merely quick price arbitrage.
Data Point: While the total global stock market capitalization exceeded $100 trillion in recent years, a significant portion of daily trading volume represents short-term speculation rather than long-term productive investment. For instance, estimates suggest that high-frequency trading HFT accounts for over 50% of equity trading volume in the US, indicating a rapid, algorithmic, and often speculative approach.
The Role of Technical Analysis and Its Ethical Implications
Manojksingh.com emphasizes “Technical analysis of Stock trading.” Technical analysis involves studying past market data, primarily price and volume, to predict future price movements.
- Focus on Prediction: The very nature of technical analysis is about predicting short-term market behavior. While it can be a tool for understanding market sentiment, when used for day trading or short-term speculation, it can encourage a mindset that prioritizes “beating the market” through pattern recognition rather than sound fundamental analysis of a company’s worth.
- Encourages Gambling Mentality: Relying solely on charts and indicators without understanding the underlying business can lead to decisions akin to betting on outcomes, especially when leverage is involved.
- Versus Fundamental Analysis: In contrast, fundamental analysis involves evaluating a company’s intrinsic value by examining its financial statements, management, industry, and economic outlook. This aligns more closely with genuine ownership and long-term investment, as it focuses on the health and productivity of the actual business.
How to Navigate the Stock Market Ethically Without Manojksingh.com
If you are looking to engage with financial markets in a permissible manner, simply following a course like those on Manojksingh.com that do not address ethical guidelines will lead you astray. Instead, a targeted approach is required.
Key Steps for Permissible Stock Market Engagement
- Understand Ethical Principles Thoroughly: Before touching any investment, grasp the prohibitions related to Riba interest, Gharar excessive uncertainty/speculation, and investing in Haram prohibited industries. This is your non-negotiable foundation.
- Research: Dedicate time to studying reputable sources on ethical finance. Organizations like the Accounting and Auditing Organization for Islamic Financial Institutions AAOIFI provide standards for ethical investments.
- Consult Scholars: If possible, consult with knowledgeable scholars or financial advisors specializing in permissible finance for personalized guidance.
- Strict Ethical Screening of Companies: This is paramount. You cannot simply pick any stock from a conventional index.
- Industry Screening: Exclude companies whose primary business involves alcohol, tobacco, gambling, conventional banking, conventional insurance, adult entertainment, pork products, weapons manufacturing, or interest-based financial services.
- Financial Screening Debt & Income Ratios: Apply strict financial filters.
- Interest-bearing Debt: Ensure the company’s total interest-bearing debt is less than 30% of its market capitalization or total assets.
- Impure Income: Verify that income from non-permissible sources e.g., interest income, income from problematic investments is a very small percentage e.g., less than 5% of the company’s total revenue.
- Liquid Assets: Some standards also check that liquid assets are not excessively high compared to market capitalization.
- Practical Tools: Utilize available ethical screening services or apps e.g., Zoya, Islamicly, Wahed Invest that automatically screen stocks based on these criteria.
- Focus on Long-Term Investment, Not Short-Term Trading:
- Ownership Mentality: Invest with the intention of owning a part of a productive business for the long haul, participating in its real growth and profits dividends.
- Avoid Speculation: Steer clear of day trading, swing trading, and highly leveraged derivatives like most futures and options that are purely speculative and carry excessive uncertainty. These are primarily focused on short-term price movements rather than fundamental value.
- Patience: Understand that genuine wealth creation through ethical means is a gradual process, not a get-rich-quick scheme.
Example Scenario: Instead of following Manojksingh.com’s advice to engage in “Future & Option” trading, an ethically conscious individual would instead seek out a Halal ETF that invests in a diversified portfolio of ethically screened companies, or directly research and invest in a handful of fundamentally strong, ethical companies for the long term. This approach prioritizes genuine economic participation over speculative gains.
The Problem with “Making Money in Share Market”
The phrase “Make Money In Share Market,” prominently featured on Manojksingh.com, encapsulates a common misconception and often leads to engagement in practices that are ethically problematic.
The allure of quick profits in the stock market can overshadow the underlying principles of permissible wealth generation.
The Allure of Quick Riches vs. Ethical Wealth
The narrative often pushed by conventional trading platforms suggests that with the right “strategies” and “technical analysis,” one can consistently “make money.” This creates an expectation of rapid financial gain, which clashes with the concept of earning through legitimate, productive means.
- Focus on Price, Not Value: When the primary goal is “making money” from share price fluctuations, the focus shifts away from the intrinsic value of the underlying company and its real economic activity. This often leads to speculative behavior.
- Gambling-like Outcomes: In many short-term trading scenarios, success or failure becomes heavily dependent on market volatility and unpredictable events, making the activity resemble gambling rather than a legitimate business endeavor. There’s a high degree of Gharar uncertainty involved.
- Ignoring Production and Services: Permissible wealth is generated through the exchange of real goods and services, value addition, and participation in productive enterprise. Trading stocks for short-term gains often bypasses this, focusing instead on financial arbitrage.
- The Zero-Sum Game Aspect: In many speculative trading scenarios, one person’s gain is another’s loss, especially in short-term highly liquid markets. This contrasts with ethical commerce where both parties typically benefit from a transaction.
Statistic: A study by Barber and Odean 2000 found that individual investors who trade more frequently tend to earn lower returns, often underperforming the market due to transaction costs and poor timing. This underscores the difficulty and often negative outcomes of pursuing “quick money” through active trading.
How it Encourages Risky and Impermissible Behavior
When the emphasis is solely on “making money,” individuals are more likely to: Eximia.digital Review
- Engage in Margin Trading: Borrowing money with interest to amplify returns, ignoring the Riba prohibition.
- Trade Derivatives: Jumping into complex instruments like options and futures, which are often highly speculative and leveraged, without understanding their ethical implications or the massive Gharar involved.
- Ignore Company Business: Overlook whether the company’s activities are permissible, as long as its stock price is moving favorably. For instance, a tobacco company might be a “profitable” trade, but investing in it remains problematic.
- Chase “Tips”: The website mentions “trading only based on tips” by a user. Relying on external “tips” for quick gains without personal due diligence or ethical screening is a recipe for disaster and further pushes towards a gambling mentality.
Ultimately, the goal of “making money in share market” without adherence to ethical guidelines transforms a potentially legitimate investment avenue into a risky and often impermissible one.
The emphasis should always be on ethical wealth generation through productive means, whether through direct business ownership, permissible investment in ethical companies, or providing valuable services.
Manojksingh.com Pricing and Unjustified Costs
While Manojksingh.com presents itself as a valuable educational resource, the pricing structure for conventional stock market courses often involves costs that, from an ethical standpoint, become unjustifiable when the underlying activity is problematic.
Without explicit ethical screening and guidance, any price associated with learning conventional stock trading becomes a cost towards engaging in potentially impermissible activities.
The Cost of Conventional Trading Education
The website details “Level 1 – Everything you need to initiate your Journey,” “Level 2: Becoming Expert,” and “Level 3 : Future & Option Complete with Adjustments.” While specific prices are not directly listed on the main page, such multi-level courses in the trading education sector typically range from hundreds to thousands of dollars. Biffbangpow.com Review
- “A COMPLETE COURSE ON THE INDIAN STOCK MARKET”
- Lifetime Unlimited Access: This is a common selling point, suggesting long-term value.
- Investing + Trading Learn both Investing and trading techniques in ten different sections, along with case studies: Implies comprehensive coverage.
- 90+ Video Lessons: Significant amount of content.
- Assessments: Interactive quizzes.
- Live doubt clearing: Via webinars, indicating ongoing support.
Hidden Costs and Ethical Waste:
Beyond the stated course fees, there are other financial implications:
- Brokerage Fees: The fees paid to brokers for executing trades. These can accumulate quickly, especially with frequent trading.
- Market Data Subscriptions: Access to real-time data, advanced charting tools, and news feeds often comes with additional monthly or annual costs.
- Losses from Trading: The most significant potential “cost” is the capital lost due to unsuccessful trades. For instance, it’s widely cited that a large percentage of retail day traders some estimates up to 90% lose money over time. This makes the initial course fee a sunk cost towards a potentially negative outcome.
- Opportunity Cost: Money spent on these courses and subsequent trading could have been invested in ethical, productive ventures with potentially more stable and permissible returns.
Why the Cost is Unjustified Ethically
From an ethical perspective, investing in education for conventional stock trading, as promoted by Manojksingh.com, is problematic because:
- Facilitating Impermissible Acts: The courses teach methods that inherently lead to engaging in speculative trading, transactions involving Riba, and investments in industries that are not permissible. Paying for such education is akin to paying for instruction in something that is not permissible.
- Misleading Premise: The promise of “consistent profits” and “making money in share market” without the critical ethical filters can lead individuals to financial ruin or participation in activities that are not permissible, making any cost associated with it unjustified.
- Better Alternatives: The same investment in time and money could be directed towards learning about genuinely ethical financial instruments, entrepreneurship, or acquiring valuable skills that generate permissible income. For example, a course on ethical business management or vocational training offers a clear path to permissible earnings.
Instead of paying for courses that may lead to unethical financial practices, resources should be allocated to education that promotes permissible wealth creation.
This includes learning about ethical financial instruments, starting ethical businesses, or developing skills that provide real value.
Canceling Subscriptions and Exiting Impermissible Practices
While Manojksingh.com doesn’t explicitly mention subscription cancellation on its homepage, educational platforms often operate on a subscription or one-time purchase model for their courses.
For anyone who has inadvertently engaged with such a platform or wishes to pivot towards permissible financial practices, understanding how to cease involvement is crucial.
How to Potentially Cancel Manojksingh.com Enrollment
Assuming a standard online course model, cancellation typically involves these steps:
- Access Account Settings: Log in to your Manojksingh.com account. Look for sections like “My Account,” “Settings,” “Subscriptions,” or “Course Enrollment.”
- Locate Purchase/Subscription Details: Within these settings, find the specific course or subscription you purchased.
- Initiate Cancellation/Refund: Depending on their policy, there might be an option to “Cancel Subscription,” “Unenroll,” or “Request Refund.” Many platforms offer a limited refund window e.g., 7 or 30 days for courses.
- Contact Support Directly: If no clear option is available, use the “Contact” page https://manojksingh.com/contact/ to reach their customer support. Clearly state your intention to cancel and, if applicable, request a refund, referencing their stated policy.
- Contact Information: The website’s contact page should provide an email address or a contact form.
- Review Terms and Conditions: Before purchasing, or when considering cancellation, always review their “Terms of Service” or “Refund Policy,” which are usually linked in the footer of the website. This will outline their specific rules for cancellation and refunds.
The Broader Importance of Exiting Impermissible Practices
Beyond just canceling a course, the more significant step is to systematically disengage from any financial practices that are not permissible. Hytekmarketing.biz Review
This requires a conscious and deliberate shift in approach.
- Cease Speculative Trading: Immediately stop any short-term trading activities day trading, swing trading, futures, options that are primarily speculative and involve Gharar.
- Divest from Non-Compliant Investments: Identify any stocks or funds currently held that do not meet ethical screening criteria e.g., companies in prohibited industries, those with excessive Riba-based debt. Develop a plan to divest from these holdings responsibly.
- Purification of Impure Income: If any income dividends, capital gains has been received from non-compliant sources, a portion may need to be purified by donating it to charity, without expecting any reward.
- Educate Yourself on Permissible Finance: Instead of relying on conventional trading courses, invest time in learning about ethical financial principles and permissible investment avenues. Resources from reputable ethical finance institutions are invaluable.
- Books: Look for books on ethical investing, ethical banking, and wealth management that specifically address ethical guidelines.
- Online Courses: Seek out courses from certified ethical finance organizations or reputable universities that focus on ethical principles.
- Reallocate Capital Ethically: Once divested, reallocate your capital into permissible alternatives such as:
- Halal Investment Funds/ETFs: Professionally screened ethical portfolios.
- Ethical Real Estate: Direct investment in tangible assets.
- Ethical Savings Accounts: Profit-sharing models that avoid interest.
- Starting an Ethical Business: Direct participation in productive economic activity.
This comprehensive approach ensures not only disengagement from problematic platforms but also a fundamental shift towards a financially responsible and ethically compliant way of managing wealth.
The emphasis should always be on generating wealth through legitimate, value-adding activities, free from the elements that compromise ethical principles.
FAQ
What is Manojksingh.com?
Manojksingh.com is an online platform that offers courses and guidance on stock market trading, aiming to teach individuals how to “make money in share market” through various strategies, including technical analysis and trading in futures and options.
Is Manojksingh.com suitable for ethical investors?
No, Manojksingh.com is generally not suitable for ethical investors. Maremagnum.com Review
The platform promotes conventional stock market trading, which often involves speculative activities, potential interest-based transactions Riba, and investment in companies whose primary business activities may not align with ethical guidelines.
What are the main ethical concerns with stock trading as promoted by Manojksingh.com?
The main ethical concerns include the prevalence of Riba interest in market mechanisms like margin trading, excessive Gharar uncertainty/speculation in short-term trading and derivatives, and the lack of screening for companies involved in impermissible industries e.g., alcohol, gambling, conventional banking.
Does Manojksingh.com offer ethical screening tools for stocks?
Based on the homepage text, Manojksingh.com does not explicitly offer or mention any ethical screening tools or guidance for identifying permissible stocks or avoiding interest-based transactions.
What kind of courses does Manojksingh.com offer?
Manojksingh.com offers multi-level courses, including “Level 1 – Everything you need to initiate your Journey,” “Level 2: Becoming Expert,” and “Level 3 : Future & Option Complete with Adjustments,” focusing on stock market basics, advanced trading, and derivatives.
Who is Manoj Kumar Singh?
Manoj Kumar Singh is presented as the coach and founder of Manojksingh.com, an Amazon Bestselling Author of “Be Your Money Maker,” and an experienced entrepreneur and trader who teaches stock market trading.
Are futures and options trading permissible?
Generally, conventional futures and options trading are considered highly speculative and often involve excessive uncertainty Gharar and leverage, making them problematic and often not permissible from an ethical standpoint.
What are some ethical alternatives to conventional stock trading?
Ethical alternatives include investing in Halal Investment Funds, ethical real estate, permissible savings accounts, Zakat-compliant investment platforms, micro-equity crowdfunding for ethical businesses, developing skilled trades, or starting an ethical business.
How can I ensure my investments are ethical?
To ensure investments are ethical, you must rigorously screen companies for permissible business activities, minimal interest-bearing debt, and low impure income.
Focus on long-term investment rather than short-term speculation, and avoid interest-based financing.
Is day trading considered ethical?
Day trading is generally not considered ethical due to its highly speculative nature, excessive uncertainty Gharar, and focus on short-term price movements rather than genuine ownership or productive enterprise.
Does Manojksingh.com offer a free trial?
The homepage does not explicitly state whether Manojksingh.com offers a free trial for its courses.
Users would need to investigate specific course pages or contact customer support for this information.
How do I cancel a subscription or course enrollment on Manojksingh.com?
Typically, you would log into your account, navigate to “My Account” or “Subscriptions” to find cancellation options.
If unavailable, contact their customer support directly via the website’s contact page.
What is the estimated cost of Manojksingh.com courses?
While specific prices are not listed on the homepage, multi-level conventional trading courses often range from hundreds to thousands of dollars, depending on the depth and duration of the program.
Why is investing in companies with high interest-bearing debt problematic?
Investing in companies with high interest-bearing debt is problematic because it indirectly supports Riba interest, which is prohibited.
Ethical investments require companies to have a low reliance on interest-based financing.
What is Gharar in finance?
Gharar refers to excessive uncertainty or ambiguity in a contract or transaction.
In finance, it applies to highly speculative activities where the outcome is highly uncertain, resembling gambling, which is generally not permissible.
Does Manojksingh.com provide information on risk management?
The website states, “I will guide you through each of these crucial steps to trading success!” including “risk management” and “money management.” However, this is within the context of conventional trading, which itself carries inherent ethical risks.
Can I learn about long-term ethical investing on Manojksingh.com?
While the website mentions “Investing + Trading,” its primary emphasis and specific course levels e.g., Level 3 on Futures & Options suggest a strong focus on active trading and speculation rather than long-term, ethically screened investment strategies.
What books does Manojksingh.com recommend?
Manojksingh.com recommends several books on technical analysis and trading psychology, including “Japanese Candlestick Charting Techniques,” “Technical Analysis Explained,” “Trading in the Zone,” “The New Trading for a Living,” “Super Trader,” and “Be Your Own Money Maker.”
Is “Be Your Money Maker” an ethical finance book?
“Be Your Money Maker” by Manoj Kumar Singh is described as a book to “learn Technical analysis and Trading.” While it may cover conventional trading strategies, it is unlikely to focus on ethical finance principles or screening methods.
How important is purification of income from non-compliant investments?
Purification of income donating a portion of earnings from non-compliant sources to charity is an important step when one inadvertently receives such income, as it helps to cleanse one’s wealth and disassociate from impermissible gains.
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