Showing posts with label Dow Jones Islamic Market International Index Fund. Show all posts
Showing posts with label Dow Jones Islamic Market International Index Fund. Show all posts

Tuesday, July 7, 2009

Islamic-Compliant ETF

Below is an interesting article about how deeply religious Muslim investors avoided the full brunt of the stock market crash:

http://seekingalpha.com/article/147358-religious-muslims-now-have-an-etf-to-call-their-own

Hint: if you can't invest in companies that charge interest on loans, you avoid investing in banks.

Update: my friend, M. Izak, reminds us that Muslims aren't against banks per se. He says the current banking system is anti-Islamic because it charges interest rather than fees. Banks may rely on fees instead of interest payments but have chosen to rely on interest payments.