Sharia indices

Sharia indices are financial tools that measure the performance of stocks or securities compliant with Islamic law (Sharia). They exclude companies involved in activities forbidden in Islam, such as gambling, alcohol, or interest-based finance, and select those adhering to ethical and financial criteria. These indices help Muslim investors ensure their investments align with their religious values while still participating in the broader financial markets. They serve as benchmarks for Sharia-compliant investment funds, reflecting the market performance of ethically and religiously appropriate assets.