For American investors, passive foreign investments, like mutual funds or money markets overseas, can trigger the complex and punitive PFIC (Passive Foreign Investment Company) rules, requiring expert help and costly Form 8621.

This episode breaks down the FBAR, FATCA, and PFIC regulations that made me rethink investing in the Malaysian Islamic money market, and what I'm looking at instead, like US-based Halal ETFs (like SPSK) and venture platforms.

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📚My Book: Letters Through the In-Between. 

Apple Books: https://rb.gy/92g2bm 

Everywhere else: https://books2read.com/u/4ErajO 

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YouTube:  ⁠⁠⁠⁠@littlemintbayinnah⁠⁠⁠⁠

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