What Is Rizq Management? Our Approach to Halal Finance in the DACH Region

By Rahul Habibur | 25 May 2026 | Introduction | 8 min read

Rahul Habibur is the founder of the Rizq Management Academy and advises Muslims in Switzerland and the wider DACH region on halal wealth building and Shariah-compliant investing.

In short: Rizq Management Academy is the first German-language home for halal finance in the DACH region. We show you how to build wealth concretely and in a Shariah-compliant way across Germany, Austria, and Switzerland — with real platforms, real numbers, and no compromise on your faith.

Why the Rizq Management Academy exists — and why now

You may know the feeling. You want to plan ahead, invest, become financially independent. But every time you start digging into it, you run into the same problem. The big German finance blogs tell you to set up an ETF savings plan on the MSCI World — without mentioning that this ETF holds companies like JPMorgan, Anheuser-Busch, and BAE Systems. Your bank advisor offers you a savings account with interest. And when you ask whether there’s a halal alternative, the best you get is a puzzled smile.

For Muslim investors in DACH, the information gap has been enormous. English-language resources exist — American blogs and apps that talk about US pension plans and Roth IRAs. But what does that mean for you as a Muslim in Zürich, Berlin, or Vienna? How does Shariah-compliant investing fit with Säule 3a? Is there an Islamic bank in Germany? What do you do with the company pension that’s invested in conventional funds?

These are the questions we answer at Rizq Management. Not in the abstract — but with concrete platforms, real numbers, and recommendations you can act on today.

Who we are — and who we do this for

The Rizq Management Academy was launched with a clear mission: to be the first serious German-language resource for halal finance in DACH.

Behind the Academy is me — Rahul Habibur — a Muslim who has been through exactly these challenges myself. As a Muslim in Switzerland, I know what it means to navigate between financial planning and your convictions of faith. I know that uneasy feeling when you’re not sure whether your portfolio reflects what you truly believe. I know how frustrating it is to search VIAC for a halal investment strategy and find no clear answer.

That’s why Rizq Management exists. Not as a moralising institution, but as an informed friend who tells you: “Here’s what I’ve figured out — and here’s how you put it into practice.”

Who you are if you’re reading this blog

Type one: You’re a Muslim, you have a regular income, and you know you should be starting to invest now. But you’re unsure whether the conventional investment options are permissible for you. You don’t want to compromise on your Deen — but you don’t want to give up on building wealth either.

Type two: You already invest — maybe an ETF savings plan, maybe individual stocks. But you’ve never really checked whether what you’re buying is Shariah-compliant. Somewhere in the back of your mind, that’s always nagged at you. Now you want to do it right.

Type three: You’ve lived in DACH for years, you’re part of the second or third generation, and you’re the first in your family to invest. You’re looking not just for investment tips, but for someone who genuinely understands your specific situation.

What connects all three: you’re navigating Western financial systems while holding Islamic values. And you’ve spent too long searching in vain for a resource that meets you exactly where you are.

What “Rizq” means — and why that’s no accident

The Arabic word Rizq (رزق) means provision, sustenance, blessing. In the Islamic context, Rizq is everything Allah grants us as a gift — material means, health, time, knowledge.

The Prophet Muhammad ﷺ taught:

“The son of Adam will not be dismissed from before his Lord on the Day of Resurrection until he is questioned about four things: his life and how he spent it, his knowledge and what he did with it, his wealth and how he earned it and where he spent it, and his body and how he used it.” (Tirmidhi, no. 2417)

This is the foundation of our work: earning halal and growing it halal is not a compromise with the modern world — it’s a religious priority. Building wealth is explicitly viewed positively in the Islamic tradition, as long as it is done by permissible means.

The name also reminds us what money really is: a means, not an end. We talk about investments, retirement provision, and financial literacy — but always with the awareness that Barakah (blessing) matters more than maximum returns.

The problem with mainstream financial advice

Buy an MSCI World ETF. Max out your contributions to Säule 3a. Take advantage of the employer’s share of your pension fund. Park surplus cash in a savings account with a good interest rate.

That’s not bad advice — for non-Muslims. For us, it’s problematic on several levels.

Riba: Interest — whether on a savings account, a bond, or a mortgage — is forbidden in Islam. This is not a fringe position. The Quran is unequivocally clear here: ”…Allah has permitted trade and forbidden interest…” (Al-Baqara 2:275)

Prohibited industries: A conventional MSCI World ETF holds banks, defence companies, alcohol producers, and tobacco corporations. When you invest in this ETF, you become a part-owner of these companies.

Gharar and Maysir: Excessive speculation and gambling-like financial products — derivatives, options, leveraged products — are likewise forbidden. The principle of Gharar (uncertainty) protects you from betting on outcomes you cannot assess.

The good news: you don’t have to give anything up. You just have to choose the right instruments.

What’s permissible — and how to implement it in DACH

Halal investing doesn’t mean not investing. It means investing deliberately. The overview below shows you what’s permissible — and which concrete products are available in DACH.

Halal asset classes:

• Shariah-screened stocks and ETFs (based on AAOIFI Standard No. 21)
• Sukuk (Islamic bonds that offer profit-sharing instead of interest)
• Gold and physical precious metals
• Real estate with Islamic financing (Musharaka, Ijara)

What you avoid:

• Conventional bonds and savings interest (Riba)
• Companies from prohibited industries (alcohol, gambling, weapons, tobacco, conventional banking)
• Leveraged products and derivatives (Gharar)

DACH implementation box

🇩🇪 Germany: KT Bank (Kuveyt Türk, Frankfurt) is the only BaFin-licensed Islamic bank in the DACH region — a halal current account, savings products, and home financing via Musharaka/Ijara are available. For halal ETFs: ISWD (iShares MSCI World Islamic UCITS ETF, ISIN IE00B4WPRM75) via Trade Republic as a free savings plan, or Scalable Capital. Do not activate the Trade Republic interest account (Tagesgeld) — it generates interest (Riba). Riester-Rente: no halal product exists, not recommended for Muslims.

🇦🇹 Austria: No Islamic bank. For ETFs: Flatex Austria or Trade Republic, both of which offer access to the ISWD. A standard current account without interest products for cash. The ASVG state pension includes no halal investment option — investing on your own through a taxable brokerage account is the main path.

🇨🇭 Switzerland: No Islamic bank, no halal mortgage in the standard market. For Säule 3a: VIAC (viac.ch) or Finpension (finpension.ch) with an individual investment strategy — exclude the financial sector. Contribution limit 2026: CHF 7,258 (employees), fully tax-deductible. Taxable brokerage account: Swissquote or Interactive Brokers Switzerland, with the ISWD as your core ETF. For Musharaka home financing: enquire directly with Islamic investors and specialised advisors.

What you’ll find at Rizq Management — and what you won’t

We are an education platform, not a broker and not a bank. What we offer:

Halal investing: Which ETFs are Shariah-compliant? How do I screen stocks myself? What is the ISWD and why is it the default ETF for DACH Muslims?

Retirement provision: Is Säule 3a halal? What do I do with my pension fund? How do I build a halal portfolio for retirement?

Real estate: Are there halal mortgages in Switzerland or Germany? How does Islamic home financing actually work?

Zakat on investments: How do I calculate Zakat on my ETF? Does Zakat apply to my pension fund? All of these questions have concrete answers — with numbers.

Islamic finance fundamentals: What are Riba, Gharar, and Maysir? Why is the Islamic approach not just “haram avoidance,” but a coherent economic model built on genuine risk-sharing?

What you won’t find with us: hype, fearmongering, promises of getting rich quick. All our content follows the same principle: the clear answer first, the Islamic grounding next, the DACH-specific implementation at the end.

Zakat note

When you start investing, don’t forget: as soon as your total wealth exceeds the Nisab threshold (about 85g of gold — in 2026 roughly EUR 6,500–7,500 or CHF 7,000–8,000, depending on the current gold price) and this wealth has been held for a full Islamic year (Haul), Zakat is due: 2.5% of your zakatable wealth. Investments in stocks and ETFs are subject to Zakat. More on this in our Zakat guide: → How do I calculate Zakat on my portfolio?

The webinar series in June — our launch

We’re not starting with a blog alone. We’re starting with a webinar series that gives you the foundation you need in a short space of time.

In June 2026, across three sessions, we’ll bring you up to a solid baseline for halal investing in DACH — with Michael Gassner, one of the leading German-language experts in Islamic finance, and me.

Michael Gassner has decades of experience in Islamic finance and works as a Shariah advisor in the DACH region. His participation in our first webinar series reflects what Rizq Management is meant to be: serious, substantive, and up to date.

This webinar series is for everyone who wants to start with a solid foundation — whether you’re completely new or already investing and simply want to do it right.

➡ Sign up for the webinar series now

A personal note to close

I know that many of you have walked this path alone so far. You’ve fought your way through English-language articles, asked questions in WhatsApp groups, and mostly come away without satisfying answers. You may have made compromises that didn’t feel right — because you didn’t know of a better option.

That’s meant to change.

Rizq Management started as a project to close this gap. Not perfect, not all-knowing — but honest, practical, and firmly rooted in what Islamic finance really means: not listing prohibitions, but showing the permissible paths.

We’re glad you’re here. Stick around.

In short: Rizq Management Academy is the first German-language home for Muslims in DACH — concrete halal financial planning for Germany, Austria, and Switzerland, with real numbers, real platforms, and no compromise on your faith. Share this with someone in your community who has been searching for these answers just as you have.

Trust Basis & Sources

Islamic sources:

• Quran, Sura 2 (Al-Baqara), Verse 275 — prohibition of Riba
• Hadith in Tirmidhi (no. 2417) — the four questions on Yawm al-Qiyama

Shariah standards:

• AAOIFI Standard No. 21 (Equity Investments) — aaoifi.com
• MSCI Islamic Index Methodology (MSCI Inc.)

DACH products referenced:

• KT Bank (Kuveyt Türk), BaFin-licensed Islamic bank, Frankfurt — ktbank.de
• iShares MSCI World Islamic UCITS ETF (ISWD), ISIN IE00B4WPRM75 — BlackRock/iShares
• VIAC AG, Säule 3a, Switzerland — viac.ch
• Finpension AG, Säule 3a, Switzerland — finpension.ch
• Trade Republic Bank GmbH — traderepublic.com
• Flatex Austria / Flatex Bank AG — flatex.at

Disclaimer: All content from the Rizq Management Academy is provided solely for general education and information. It does not constitute individual financial advice within the meaning of the Swiss Financial Services Act (FIDLEG), MiFID II, or the Austrian WAG. For individual investment and wealth decisions, please consult a licensed financial advisor as well as a qualified scholar of Islamic law.

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