Shariah-compliant investing

Shariah-compliant investing refers to financial practices that align with Islamic law, or Shariah. It prohibits investments in businesses that deal with alcohol, gambling, pork, and interest (riba). Instead, it encourages ethical investing in sectors like healthcare and technology. Investors typically seek guidance from Shariah scholars to ensure adherence to these principles. Additionally, Shariah-compliant investments often emphasize risk-sharing and social responsibility, aiming to promote fairness and ethical behavior in financial dealings. Overall, this approach reflects a blend of spiritual beliefs and financial practices that resonate with many Muslim investors.