- Uneesa Finance
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Hey there! My name is Uneesa, and if I had to give myself a Forbes 2-page spread, the headline would read “I love God, women and money.”
Why? Well, other than loving God, women, and money. I want to help as many women as possible take financial control.
Join me as I’ll be holding your hand through the bold, new world of finance, and helping to demystify finance by asking 'WTF is this?'
Want to really get your finances in order? Join my next cohort this September!
For £16 a session, we’ll take you through pensions, mortgages, and the basics of investing all through an Islamic lens.
OR
If you’re looking to get your personal finances in order book the ‘Elite’* package -
That’s £99 for 5 sessions PLUS 2 PRIVATE 1:1 sessions
(RRP 220)
Use code: Faith2023 for a discount on selective packages*
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We particularly need Muslim women to respond who are:
- 35+
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💁🏻♀️ WTF HAPPENED to me THIS WEEK?
I know, I know… I’ve been missing for the last couple of months… BUT I CAN EXPLAIN!
I’ve been working with the FT’s Flic initiative to consult on how future campaigns are tailored towards Muslim women! The work has taken me back home (which has been a welcome relief from the UAE heat) and I’ve managed to squeeze in a few in-person sessions too!
Finance Barbie at your service.
So what are the updates?
My recent ‘Finesse Your Finances’ cohort has graduated and I’ve had the best time teaching and interacting with them! I am truly blessed to be able to help so many of you understand more about finance through an Islamic lens Alhumdulilah, and see how it goes on to enrich your lives.
***
As I’m in the UK, I’ve rebuilt my budget because honestly, expectation vs. reality is real! The lifestyle tax here is WILD.
(PSA: I NEED 2 X VOLUNTEERS FOR Research and social media - but let’s save that for another newsletter.)
Footage of me going in to Tesco and seeing Sensations now cost £2.50…
It’s a great time to ask yourself how you’re reaching your financial goals and whether you can do more. Ultimately, finance is just down to sound organisation - that’s why I encourage you to set a money date! Right now, I’m flirting with the idea of buying a house and rejigging my pension contributions. 3
[P.S: Check the tip of the week and thank me later xoxo]
📰 WTF HAPPENED to the stock market?
In case you missed it, here’s a catchup on the last month’s market performance:
As ever, it’s swings and roundabouts with the markets…
At the beginning of August the markets looked like this:
The bull market is reemerging after a pretty tumultuous 18 months. The S&P500 and Nasdaq rose to their highest levels in over a year, as the S&P500 rose by 2.6%, Nasdaq by 3.3% and Dow by 1.3% respectively.
Elsewhere, Tadawul (Saudi Stock Exchange) rose 0.1% with honourable mention to Jamjoom Pharma Factory shares surging by 30% on their first day of listing. Meanwhile, DFM (Dubai Financial Market) declined by 0.3% for the second consecutive session, while ADX (Ab Dhabi Stock Exchange) rose by 0.1%.
As you can see from the Fear & Greed index below, greed is driving the market forward, highlighting strong investor confidence in the markets. It would be wise for investors to air caution to the wind as expected market frets and a move towards safer assets allude to acting cautiously. It would be wise for investors to consider striking a balance across their portfolio.
Today:
The Fear & Greed index, which indicates what emotion is driving the market, drops down to neutral this week.
What does it mean? The market displays a blend of confidence and caution: while there's positive momentum and many stocks are thriving, there's also a notable uptick in protective strategies, indicating wariness among investors. Everyday investors should navigate this mixed landscape with a balanced approach, capitalising on present strengths while staying prepared for potential shifts.
What a difference a few weeks make!
🌟 GIVING YOU THE FINANCIAL TEA (over the last month) 🌟
₿ BlackRock (BLK.N) is backing BTC (sort of) - The world’s largest asset manager, filed to launch iShares Bitcoin Trust, an exchange-traded fund (ETF).
🏡 Mortgage rates are a mazza - We’re still feeling the comedown of the Truss-Kwarteng collab as rates hit a 15-year high.
🏦 The Bank of England has increased interest rates for the 14th time since December 2021. Currently, they stand at 5.25% and are expected to rise yet again. The property bubble continues to simmer… and rent in London is projected to cost £2700 per month in London as of next year. Yikes.
𓇲 Nvidia crushed its Q2 earnings with the help of AI, as well as KSA vs. UAE ongoing tech wars
Money Tip of the Week
Set a Money Date with Yourself
Make yourself an iced latte/matcha and pull up the receipts! Set aside an hour each month to look over your budget and assess your inflows and outflows. The first lesson in financial abundance is understanding the problem - are you saving too much? Not investing or spending everything? Have an honest 1:1 with yourself or your other half and start building the life you want!
IT’S GIVING… SADAQAH OF THE WEEK
This week we’re talking about the Anah Project.
The ANAH Project, situated in Bradford, UK, offers crucial multilingual assistance to women confronting domestic abuse. They provide a support system and safe house to refugee women as well, allowing them to explore their feelings and build a sustainable future.
On average, it takes a domestic violence survivor 7 times to leave their abusive partner for good and women are in a more vulnerable position more so now due to the cost of living crisis.
Donate here today