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Millions of people save into pension funds each year, in the hope that their money will grow enough to help pay for their retirement. But each of these savers have different ideas about what makes a ‘good’ investment – and the pension industry has to cater for them all. ....
Sharia: When Muslim principles meet ESG Tanya Ashreena reports. When Schroders announced the launch of its Islamic Global Equity Fund in December, it said the fund would include a diversified investment strategy that combined Sharia law compliance with multi-factor investing and ESG principles. The fund’s launch was in line with the Schroder Global Investor Study published in 2019, which found that many investors in the Islamic world are putting an increased emphasis on sustainability while deciding how to allocate their portfolios – and that there is an opportunity for the Sharia investment industry to capitalise on this. The past couple of years have seen many Islamic funds integrating ESG. ....
Halal investing in Canada By Jason Heath on December 18, 2020 Investing can be challenging for Muslims, as solutions that are both Shariah-compliant and effective at helping achieve long-term financial goals are limited. Advertisement Canadian Muslims have unique constraints when looking for investment options that fit their religious beliefs, and many mainstream options are unsuitable for these investors. Advertisement Advertisement The Quran is the Islamic text that guides all aspects of Muslim life. Shariah is the Islamic law that includes guidelines that impact financial decisions for Muslims; these include the prohibition of earning interest from fixed-income investments like bonds, which are a common component of an investment portfolio. Instead of earning interest from lending (a bond is a loan from the investor to the bond issuer), a borrower and lender should share in risks and rewards (like investing ....