Salam,
I believe this question has been asked numerous times before. But I am seriously badly stuck in my mind that what would be the most safest option when it comes to investing money in Karachi.
A few days ago I was quite sure I will be buying an apartment and rent it out and earn something between 15K a month. But the investment would be between 3-4 Million.
Yesterday the idea of buying a vehicle for 1 million and putting it on Careem/Uber popped in my mind. I understand all the hurdles of finding an honest, reliable and hard-working driver. But even after those hurdles, the investment would be just 1 million and the return would be something between 20-25K a month?
I have some other options on the table such as buying gold but not really interested in that for a lot of reasons.
Buying a plot somewhere near the highway/maymar etc is another feasible option but again with so much uncertainty going on with real-estate, I am not sure if it's the best option either.
Looking forward to hearing suggestions from you guys on what to do. Maybe I am overlooking Careem/Uber and not aware of the fact that it can make or break my purpose of investing.
And no, I don't want to earn profits from interest.
JazakALLAH