Shariah/Ethical Compliant Investment

I’m currently using an app called Zoya. They survey American stocks currently but plan to diversify and survey European stocks as well.

In regards to what is classified as shariah compliant/non compliant there are a number of things that get taken into account which you can search online. They look at what is the nature of the business and the transactions/debt it has etc.

Generally speaking though a company which trades on that which the Islam prohibits e.g. pork or alcohol will be haram. However some jurists would accept this if this was only a minimal part of the profit of the company. How much really depends on their calculations and understanding.

I’m not here stating Greggs is a shariah compliant investment. We all have to do our own research our find someone we trust to tell us it is.

I wonder if FreeTrade could adopt the DOW Islamic index and/or have companies on their index. I would be very interested in investing more if that could be done. I know plenty more who would also feel the same

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