What is halal investment? A guide to Singapore's buzzing Islamic finance scene

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As the financial hub of Southeast Asia, Singapore's constantly making strides in different arenas. 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. Singapore is steadily carving a niche as an Islamic investment powerhouse.

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...

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