Is this stock halal? Islamic finance charts high-tech future

  • 📰 trtworld
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Islamic bankers hope that modern platforms will open the industry up to young investors

In this file photo taken on March 8, 2020, traders follow financial markets at the Dubai Stock Exchange in the United Arab Emirates. But with complex standards set out by a number of Islamic bodies, it's not easy for observant Muslims to decide whether or not an investment is halal .Tesla, the American electric car pioneer, for example, is considered 96 percent Sharia compliant, according to the Zoya mobile application.

Islamic bankers are hoping that modern platforms will open the industry up to young investors, and that its innately ethical credentials will prove to be another draw. Financial technology, or fintech, could help the industry grow by "facilitating easier and faster transactions", it said in its Islamic Finance Outlook 2020 Edition.

And the Responsible Finance & Investment Foundation, a think tank, has talked up their ability to respond to the latest crash, due to the fact they are anchored in the real economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Kardeşlerimiz, Türkiye, lütfen sana ihtiyacımız var. Somali'nin bu zor zamanda sana ihtiyacı var. Virüs ülkede yayılıyor ve onu engellemek için yeterli dengeye sahip değiliz. Her zaman harika bir arkadaş ve yardımcı oldun Teşekkür ederim. haskologlu Temel_Kotil temmuz1919

There’s nothing Halal in banking at all.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 101. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

We Need More Diversity in Tech Companies. Finance Roles Are a Good Place to Start.“The goal should always be to hire the best person for the job, and I don't think having an x or y chromosome has anything to do with that.” ICYMI
Source: Women 2.0 - 🏆 149. / 63 Read more »