This time round, our eyes are on halal investing. At its core, Halal investing is more than just a financial decision. It's a faith-driven commitment.
Industry mavens peg the Islamic assets under management in Singapore at an impressive US$4.37 billion . Over a third of these assets find their home in the 15 banks that offer Shariah-compliant banking options. Rooted in Islamic law or Shariah, this faith-based approach to investment is as much about the soul as it is about the stock market.This principle is clear-cut. If a company dabbles in alcohol, gambling, or tobacco, it’s off the halal investment list.It’s not just about avoiding the bad; it’s also about embracing the good. Halal investing champions businesses that leave a positive mark on society, be it through sustainable practices, community upliftment, or upholding human rights.
Halal investing places a strong emphasis on investing in businesses that have a positive impact on society, such as those that promote sustainable development, support local communities, and uphold human rightsHalal investing uses investment vehicles that comply with Islamic law, such as Shariah-compliant funds, sukuk, Islamic equity funds, and Shariah-compliant real estate investment trusts With Singapore positioned to become a "global hub for offshore Islamic wealth within the next 5...