[katetomson]

The best alternative is what the original investment was suppoed to be. i.e Asset based investment.

Invest your money carefully in some company directly by becoming a partner in it. Look for booming local businesses and speak to them about injecting money in their business and becoming a silent partner.
Invest in gold/bullion/land etc. It is a long term investment just like non-tech companies in stocks. Invest and forget about it. Reap the rewards in next 5-7 years+
Invest in financial houses / Investment Schemes which are completely Shariah Compliant. Darul Iftaa Sherwood (Mufti Ebrahim is no longer with In'aamiyyah, camperdown) has devised Al Mabroor Investment which provide three different types. Property, Buffalo, Cow. You become a shared partner in actual asset and reap from the re-sale of your assets on continuous basis. Or in case of property, you reap from rentals.
Invest in individuals, much more riskier. Opt for mudharabah and give your money to someone with expertise to do business and get percentage from his profits.
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