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Participant ○○○

Shariah-Compliant US Equity ETF

I do not know if anyone will be interested. May be, some one may be interested in this ETF.

 

4 Replies
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Participant ○○

Re: Shariah-Compliant US Equity ETF

Interesting.

Primary constituents are Apple 11.06%, JNJ 4.22%, Exxon 3.93% and P&G 3.02%.

 

I'll note that also available are:

Global X S&P 500 Catholic Values ETF CATH, which follows the S&P Catholic Values Index

and Inspire 100 ETF BIBL; Biblically aligned large cap companies.

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Contributor ○○

Re: Shariah-Compliant US Equity ETF

 

Saturna Capital, founded in 1989, is the advisor for Amana Mutual Funds.
All four of the Amana funds invest in accordance with the principles of Islamic finance.

Link

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Explorer ○○

Re: Shariah-Compliant US Equity ETF

Not sure what the Catholic screen excludes, but here’s part of what the Amana site describes as its process:

Business sector and environmental, social, and governance (ESG) screenseliminate companies primarily involved in certain activities, including:

• Interest
• Gambling
• Pork
• Fossil fuel extraction
• Alcohol
• Tobacco
• Pornography
• Weapons
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Participant ○○○

Re: Shariah-Compliant US Equity ETF


@GratefulNW wrote:

Not sure what the Catholic screen excludes, but here’s part of what the Amana site describes as its process:

Business sector and environmental, social, and governance (ESG) screenseliminate companies primarily involved in certain activities, including:

• Interest
• Gambling
• Pork
• Fossil fuel extraction
• Alcohol
• Tobacco
• Pornography
• Weapons

Everything looks good to me except for "Interest." About interest, my Muslim colleagues from North Africa and middle east, have told me about and practice in private life but when they invest. Investment is a different matter.

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