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Islamic Finance Briefing - Categorized | Emerging Trends, Insurance (Takaful) more

The rise of Shariah compliant retirement planning

Posted on 29 August 2012

Ask most fund managers what people invest in and they will say equities. Whether through pension or other investments designed to leave a nest-egg for retirement, FTSE 100 companies dominate portfolios and provide the assets under-pinning financial products.
But look closer at these companies. Many will have links to activities and products such as alcohol, gambling and entertainment and can be out of bounds to the Muslim client. Aside from strict investment choices, Sharia law also prohibits the paying and receiving of interest for profits- or receiving an increase on a loan. This rules out many mainstream financial products and investments………………………………………..Full Article: Source

 
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This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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