As-salamu alaykum.
@Mufti_Faraz_Adam I have seen that HSBC Islamic Funds - HSBC Islamic Global Equity Index Fund BD is listed under your comparison guide for halal investments.
The thing is that it composes of companies such as Microsoft (1.84% non-compliant; 7.9% questionable), Apple (music industry) or Facebook (the entire portal is just full of haram) (https://markets.ft.com/data/funds/tearsheet/summary?s=LU2092166128:GBP). Is it halal to invest in such companies?
Jazakallah
Kordian
Wa alaykum salaam,
Which comparison guide are you referring to?
Jazakallah for your quick response. The one on Islamic Finance Guru website: Halal Investments - IslamicFinanceGuru . Yes, sorry by ‘your’ I was referring to IFG as a company - I am sorry it could have been misleading.
Jazakallah
Kordian
sorry to bump this after so long but there was no adequate response to this ? how can we accept this fund to be halal looking at the investments most notably facebook etc
It is very intriguing.
