Shariah complaint indexes should not exist. If the muslim investor does not want to invest in companies that sell pork, alcohol or that hold debt then he/she should do some research.
I'm afraid these shariah indexes are a backdoor entrance to try to bring in total shariah law. CTV
Standard & Poor's is launching a Shariah compliant version of the S&P/TSX 60 that will exclude companies that don't meet criteria outlined within Islamic law.
Shariah law, based on the teachings of the Koran, does not allow for investment into companies that deal in pork, alcohol, gambling or pornography.
Banks are also excluded because investors are not allowed to earn profit from interest.
1 comment:
Hell Yeah , They should comply with what is available ! Or do what everyone else does Look elsewhere !
Post a Comment