Showing posts with label JVS. Show all posts
Showing posts with label JVS. 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.